ADVFN US – Market Content Editor
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Dow Jones, S&P, Nasdaq, Wall Street Futures rise as Fed cuts rates; gold eases from record highs
U.S. stock futures edged higher Thursday after the Federal Reserve implemented its first interest rate cut since December, a move that had been widely anticipated. Chair Jerome Powell emphasized the importance of cautious risk management, pointing to a softening labor market as a key concern. Market observers expect additional rate reductions later this year, although…
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Dollar strengthens amid choppy trading after Fed rate cut; pound softens ahead of BoE meeting
The U.S. dollar moved higher Thursday following volatile trading in the aftermath of the Federal Reserve’s interest rate reduction, while the British pound slipped as investors awaited the Bank of England’s policy announcement. By 04:05 ET (08:05 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, had gained 0.1%…
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Gold Pulls Back from Record Highs as Dollar Rebounds After Fed’s Rate Decision
Gold prices retreated in Thursday’s Asian session, stepping back from recent record levels as the U.S. dollar strengthened following the Federal Reserve’s widely anticipated interest rate cut and its cautious outlook for future policy moves. Spot gold dropped 0.7% to $3,635.55 per ounce by 02:24 ET (06:24 GMT), extending losses of nearly 1% from the…
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Oil Prices Slip Following Fed Rate Cut and Mixed U.S. Inventory Reports
Oil prices softened in Asian trading on Thursday, retreating after earlier climbs to two-week highs as markets reacted to the Federal Reserve’s interest rate cut and mixed signals from U.S. crude inventory data. Crude had been trending upward this week, driven by ongoing military tensions between Russia and Ukraine, which raised concerns about potential disruptions…
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U.S. Stocks Close Mixed Following Significant Post-Fed Volatility
Stocks turned in a lackluster performance throughout much of the session on Wednesday before seeing substantial volatility in afternoon trading following the Federal Reserve’s highly anticipated monetary policy announcement. The major averages showed wild swings back and forth across the unchanged line before eventually closing mixed. While the Dow climbed 260.42 points or 0.6 percent…
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Diversified Energy shares drop after EIG secondary offering of 5.7 million shares
Diversified Energy Company PLC (NYSE:DEC) saw its stock decline 6.3% in premarket trading Wednesday following the announcement of a secondary share sale by major shareholders. The offering, priced at $13.75 per share, involves 5.7 million shares sold entirely by funds managed by EIG, FS/EIG Advisor, LLC, and entities overseen by FS/KKR Advisor, LLC. Diversified Energy…
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LightPath shares surge after $22.1M follow-on infrared camera order
LightPath Technologies Inc. (NASDAQ:LPTH) stock jumped 9.9% in premarket trading Wednesday following news that the company secured $22.1 million in follow-on purchase orders for its advanced infrared (IR) camera systems from a major global technology client. The new orders are scheduled for delivery in calendar year 2027 and come on the heels of an $18.2…
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Gorilla Technology shares jump after $1.4B Southeast Asia AI data center deal
Gorilla Technology Group Inc. (NASDAQ:GRRR) saw its stock surge 15% following the announcement of a major $1.4 billion contract with Freyr Singapore to build a network of AI-driven data centers throughout Southeast Asia. The three-year agreement establishes Gorilla as the primary provider of AI infrastructure, operational services, and end-to-end data center intelligence across Indonesia, Malaysia,…
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Vyome shares surge after encouraging preclinical data for eye treatment
Vyome Holdings Inc. (NASDAQ:HIND) stock jumped 55% in premarket trading Wednesday after the company shared promising preclinical study results for its eye inflammation therapy, VT-1908, during the American Society for Pharmacology and Experimental Therapeutics annual meeting. Vyome reported that its topical mycophenolate formulation showed comparable effectiveness to widely used steroids in treating anterior uveitis, the…
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Ascent Solar shares rise on defense-focused partnership with Defiant
Ascent Solar Technologies Inc (NASDAQ:ASTI) stock jumped 8.7% in premarket trading Wednesday after unveiling a strategic collaboration with Defiant Space Corporation aimed at the U.S. defense and national security markets. The alliance will merge Ascent’s flexible, space-proven thin-film photovoltaic technology with Defiant’s expertise in developing specialized space solutions. The partnership seeks to meet the increasing…