ADVFN US – Market Content Editor
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Goldman warns broader energy shock could strengthen dollar and weigh on Europe
Goldman Sachs strategists said the U.S. dollar may be gradually building upward pressure beneath the surface, arguing that a wider energy shock could undermine European growth and drive renewed strength in the greenback. Although the trade-weighted dollar has remained broadly stable in recent months, the bank said that headline performance masks more significant moves underneath…
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JPMorgan lowers gold forecast on weaker demand but still sees long-term upside
JPMorgan has reduced its gold price forecasts for 2026, pointing to softer short-term demand conditions, although the bank continues to hold a bullish longer-term outlook and still expects gold to climb toward $6,000 per troy ounce by the end of the year. The bank lowered its 2026 average gold price forecast to $5,243 per ounce…
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Stock Futures Rise Ahead of Memorial Day as U.S.-Iran Peace Talks Progress
Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a higher open on Friday, with stocks likely to see further upside after recovering from an initial pullback to end the previous session modestly higher. Stocks may continue to benefit from optimism about an end to the U.S.-Iran war even as crude oil…
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Economic Data Today: Consumer Confidence and LEI Report Loom
The University of Michigan is scheduled to release its revised reading on consumer sentiment in the month of May at 10 am ET. The consumer sentiment index for May is expected to be unrevised from the preliminary reading of 48.2, which was down from 49.8 in April and marked a new record low. Also at…
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Hedge Funds Scale Back Chip Holdings After Massive AI-Driven Surge
Hedge funds have been trimming positions in U.S. semiconductor companies following the sector’s outsized gains, choosing to secure profits while still maintaining strong exposure to artificial intelligence investments, according to Goldman Sachs data referenced by Bloomberg on Thursday. Information from Goldman’s prime brokerage unit reportedly indicated that semiconductor and semiconductor equipment stocks were the most…
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Wall Street Ekes Out Gains as Nvidia Earnings Fail to Spark AI Rally
U.S. stocks closed modestly higher on Thursday as investors digested a mixed bag of earnings results, geopolitical developments around Iran, and rising Treasury yields. The session was choppy throughout, with a late-day push helping the major indexes finish in the green after spending much of the afternoon near the flatline. What Moved Markets The Dow…
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U.S. Housing Starts Fall Less Than Expected While Building Permits Rebound Sharply
U.S. residential construction activity slowed in April, although the decline was significantly smaller than economists had anticipated, according to data released Thursday by the Commerce Department. Housing starts dropped 2.8% to a seasonally adjusted annual rate of 1.465 million units in April, following a revised 12% surge to 1.507 million units in March. Economists had…
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U.S. Weekly Jobless Claims Unexpectedly Decline as Labor Market Remains Stable
The number of Americans filing new applications for unemployment benefits unexpectedly declined in the week ended May 16, according to data released Thursday by the U.S. Department of Labor. Initial jobless claims fell by 3,000 to 209,000 from the prior week’s revised level of 212,000. Economists had forecast claims would edge slightly higher to 213,000,…
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U.S. Stocks Seen Opening Lower as Oil Prices and Treasury Yields Climb: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures pointed to a weaker start on Thursday, with markets poised to surrender some of the gains recorded in the previous trading session. Investor sentiment has turned cautious again as crude oil prices move sharply higher and Treasury yields rebound. U.S. crude futures have jumped more than 2%, climbing back above the…
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Anthropic says it expects first profitable quarter as revenue accelerates
Anthropic has reportedly told investors that it expects revenue to more than double to approximately US$10.9 billion in the second quarter while also achieving operating profitability for the first time, according to a report from The Wall Street Journal. The development would represent a major milestone for the artificial intelligence startup and highlights the company’s…