ADVFN US – Market Content Editor
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Trump Victory Sparks Record-Setting Rally On Wall Street
Stocks skyrocketed during trading on Wednesday, as traders celebrated Donald Trump’s victory in the presidential election. The major averages added to the strong gains posted during Tuesday’s session, reaching new record closing highs. The major averages saw further upside in late-day trading, reaching new highs for the session. The Dow (DOWI:DJI) soared 1,508.05 points or…
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Trump’s Triumph Propels Bitcoin and Stocks to Record Highs Amid Market Frenzy – Latest in Crypto
Trump victory propels US stock market and Bitcoin to new highs Donald Trump’s victory spurred a significant surge in US stocks, with the Dow Jones up 1,429 points at the time of writing and the S&P 500 projected to increase 15% by 2025, according to UBS’s Solita Marcelli. Investors are betting on less regulation and…
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Trump Victory To Trigger Initial Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Wednesday, with stocks likely to extend the rally seen in the previous session. The substantial upward momentum on Wall Street comes as former President Donald Trump has been declared the winner in the presidential election versus Vice President Kamala Harris. Claiming…
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U.S. Index Futures Surge on Trump Victory Prospects; Commodities Slide Amid Dollar Strength
U.S. index futures surged in pre-market trading on Wednesday, driven by expectations of a Donald Trump victory and Republican control of Congress, which could benefit companies through his tax cut and tariff agenda. Trump reportedly secured 270 electoral votes, though other networks have yet to call the race. Sectors like banking and healthcare led gains,…
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Trump Media Shares Surge 32% Pre-Market; Tesla Jumps 13%; Coinbase Rises with BTC All-Time High
Trump Media & Technology Group (NASDAQ:DJT) – Donald Trump’s media company reported a $19.2 million loss in Q3, driven by $12.1 million in legal fees tied to a streaming deal and SPAC. Research and development expenses totaled $3.9 million. Despite the loss, shares surged 32.7% in pre-market after Trump declared victory in the presidential election,…
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U.S. Stocks Rally As Economic Optimism Overshadows Election Uncertainty
Stocks showed a lack of direction over the course of Monday’s session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq…
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Bitcoin Surpasses $70K; New Global Network for USDG Stablecoin; Chainlink, UBS, and Swift Test Tokenized Settlements
Bitcoin faces optimistic pre-election outlook Bitcoin (COIN:BTCUSD) has risen by 3.6% in the last 24 hours, reaching $70,223, driven by investor optimism surrounding the upcoming US presidential election. This election will determine control of the White House and Congress, which will directly impact cryptocurrency regulations. The presidency and Congress will shape whether the crypto market…
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U.S. Trade Deficit Increases Substantially
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August. Economists had expected…
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Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to modestly higher open on Tuesday, with stocks likely to move back to the upside after ending yesterday’s lackluster session moderately lower. Stocks may regain ground following the lower close on Monday, although trading activity is likely to remain subdued as Election Day gets underway. Polls show…
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U.S. Index Futures Rise as Election Looms; Oil and Gold Prices Steady
U.S. index futures rose slightly in pre-market trading on Tuesday as markets await the outcome of a tight presidential race between Trump and Harris. With voting set to begin and an uncertain race that could delay vote counts, caution prevails. Additionally, the Federal Reserve’s decision and earnings reports are expected to impact markets in the…