ADVFN US – Market Content Editor
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U.S. Stocks Rally As Inflation Data Adds To Interest Rate Optimism
Following the mixed performance seen in the previous session, stocks moved sharply higher during trading on Friday. The major averages all showed strong moves to the upside, with the Nasdaq and the S&P 500 bouncing off their lowest closing levels in over a month. The major averages ended the day off their best levels of…
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Bitcoin Conference Boosts Market; X Removes Crypto Emojis, Jersey City Eyes Bitcoin Investment
Bitcoin rises boosted by Bitcoin Conference 2024 and economic expectations On July 26, Bitcoin hit three-day highs driven by anticipation for the Bitcoin Conference 2024. In June, the US Personal Consumption Expenditures (PCE) price index rose 0.2% from May and 2.6% year-over-year. Strong consumer spending suggests progress in curbing inflation without harming the economy, potentially…
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Consumer Prices Up In Line With Estimates
Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in June after coming in unchanged in May. The…
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Futures Firmly Positive Following Closely Watched Inflation Data
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside following the mixed performance seen in the previous session. The futures remained firmly positive following the release of a highly anticipated Commerce Department report showing consumer prices in the U.S. crept up in…
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U.S. Index Futures Point to Higher Open, Oil Prices Down
U.S. index futures point to a higher open in pre-market trading on Friday, with investors preparing for the Federal Reserve’s preferred inflation report. Despite pre-market optimism, the week promises to be negative, with the S&P 500 and Nasdaq facing sharp losses due to sell-offs in big tech and a shift to smaller companies and cyclical…
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Alphabet Unveils AlphaProof and AlphaGeometry 2; OpenAI Tests SearchGPT; Apple Loses Market Share in China
Alphabet (NASDAQ:GOOGL) – Google announced two new AI systems, AlphaProof and AlphaGeometry 2, which have demonstrated advances in solving complex mathematical problems, outperforming previous models. AlphaProof solved three questions from the 2024 International Mathematical Olympiad, including the most difficult one, solved by only five people out of over 600 competitors. AlphaGeometry 2 solved an additional…
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Dexcom Shares Drop 37% on Weak Revenue and Forecast; Coursera Rises 24% After Beating Q2 Revenue Estimates
Dexcom (NASDAQ:DXCM) – The continuous glucose monitor company reported second-quarter revenue of $1 billion, below the estimate of $1.04 billion, according to LSEG. Adjusted earnings per share of 43 cents were better than the estimated 39 cents. However, Dexcom issued a reduced annual revenue forecast of $4 billion to $4.05 billion. Dexcom shares plummeted 36.90%…
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Stocks Fail To Hold Early Gains; Dow Settles Higher, S&P And Nasdaq Close Weak
U.S. stocks saw some heavy selling in the final hour of the session on Thursday as the mood turned a bit cautious amid concerns about mega-cap firms’ earnings. Among the major averages, the Dow managed to settle higher, gaining 81.20 points or 0.20 percent at 39,935.07, a long way down from the day’s high of…
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Ethereum Drops 6%, Bitcoin Conference Tickets Soar to $844,600, New TON Wallet Enables Gas-Free Transactions
ETF and cryptocurrency movements On the second trading day, Ethereum ETFs displayed mixed results: Fidelity’s ETF (AMEX:FETH) led with $74.5 million in inflows, followed by Grayscale Ethereum Mini Trust ETH (AMEX:ETH) with $45.9 million. Grayscale Ethereum Trust ETH (AMEX:ETHE) saw a significant withdrawal of $326.9 million. Overall, the net change was a loss of $133.3…
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U.S. Stocks May See Further Downside In Early Trading
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to see further downside following the sell-off seen in the previous session. After ending Tuesday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq showed…