Author: iHub News
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Relatively Tame Inflation Data Contributes To Strength On Wall Street
Stocks moved mostly higher during trading on Tuesday, extending the upward move seen over the course of Monday’s session. With the continued advance, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year, while the Dow set a four-month closing high. The major averages finished the day off…
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Crypto Weekly Newsletter
Crypto and Macro Weekly Recap Last week, cryptocurrencies faced downward pressure as the U.S. Securities and Exchange Commission (SEC) launched a lawsuit against crypto service providers, exchanges, and platforms including Binance and Coinbase. It also labeled many assets as securities rather than commodities, which prompted Robinhood to delist SOL, ADA, and MATIC. Crypto.com decided to suspend…
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Tame Inflation Data May Lead To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the upward move seen over the course of the previous session. The futures advanced following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of May, which…
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North American Morning Briefing: Investors Brace for Key CPI Data
Market Wraps Watch For: CPI for May; Janet Yellen testifies to annual House committee hearing on The State of the International Financial System Today’s Top Headlines/Must Reads: – Fed-Rate Projections Could Rise to Underscore Inflation Anxieties – Inflation Has Likely Been Cut in Half but Is Still Too High – The Profit Squeeze Is On…
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US Futures, European Stocks Rise Ahead of Inflation Data
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. DocMorris added 5.3% and Hexagon Series B rose 4.3%. On the…
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Top Company News of the Day: Microsoft, Activision, Google, Netflix
FTC Seeks Injunction to Stop Microsoft From Closing Activision Deal A judge would need to agree to issue the injunction, likely after a hearing at which the agency would present evidence for why the deal is illegal. Breakup of Google Ad-Tech Business Now on Table in Europe, Too The EU antitrust case, expected to be…
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Nasdaq, S&P 500 Reach Best Closing Levels In Over A Year
Stocks moved mostly higher during trading on Monday, adding to the modest gains posted last week. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over a year. The major averages finished the day just off their highs of the session. The Nasdaq surged 202.78…
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Futures Pointing To Modestly Higher Open On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the slim gains posted last week. The upward momentum on Wall Street comes as traders look ahead to the Federal Reserve’s monetary policy announcement on Wednesday. The Fed is widely expected to…
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North American Morning Briefing: Rate Decisions, Inflation Data Headline a Busy Week
Market Wraps Watch For: No major data scheduled; Oracle earnings Today’s Headlines/Must Reads – Jerome Powell’s Big Problem Just Got Even More Complicated – Wall Street Firms Up Bets on U.S. Consumers – U.S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China – A Bellwether Climate Case in Montana Seeks to…
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US Futures Up, European Stocks Gain as Investors Await Rate Decisions
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Ocado Group rose 5.6% and CD Projekt added 4.9%. On the…