Category: Latest News
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U.S. Stocks May Lack Direction Following Recent Strength
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after moving sharply higher over the past few sessions. Traders may take a breather following the recent surge on Wall Street, which has lifted the major averages to new record highs.…
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Nasdaq, S&P 500 Reach New Record Closing Highs, Dow Ends Nearly Unchanged
After moving sharply higher over the two previous sessions, stocks showed another strong move to the upside during trading on Thursday. With the continued advance, the Nasdaq and the S&P 500 reached new record closing highs. The tech-heavy Nasdaq led the charge, surging by 285.99 points or 1.5 percent to 19,269.46, while the S&P 500…
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Bitcoin Trades at All-Time High; Impact of Trump Victory, ETF Inflows, and New Blockchain Advances
Bitcoin ETFs see large inflows following Trump victory and record high Bitcoin (COIN:BTCUSD) rose by 1.35% over the last 24 hours, reaching $76,665.65, surpassing its previous record following Donald Trump’s election win. Investors are now eyeing a potential 25-basis-point rate cut by the Fed, with traders seeing a high probability of the reference rate falling…
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U.S. Labor Productivity Up Slightly Less Than Expected, Labor Costs Surge
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a…
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Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks poised add to the substantial gains posted over the two previous sessions. Stocks may continue to benefit from optimism about what a second Donald Trump presidency will mean for the markets and the U.S. economy. Overall trading activity…
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U.S. Futures Rise as Investors Await Fed Rate Decision; Oil Prices Drop
U.S. index futures rose in Thursday’s pre-market session following Donald Trump’s victory, which sent the Dow Jones up over 1,500 points yesterday. Investors are watching for the Federal Reserve’s interest rate decision, with CME Group’s Fed Watch tool showing a 100% probability of a rate cut. Corporate earnings, jobless claims data, and wholesale inventories will…
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Qualcomm Exceeds Expectations, Rises 8%; Wolfspeed Drops 25% on Negative Margin; Lyft and AppLovin Surge Over 20%
Qualcomm (NASDAQ:QCOM) – The semiconductor company exceeded expectations with an adjusted EPS of $2.69, against the expected $2.56, and revenue of $10.24 billion, above the expected $9.90 billion. Net income increased to $2.92 billion, with automotive growing 86% and device chips by 12%. The company projects revenue between $10.5 billion and $11.3 billion for the…
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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…