Category: Latest News
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Euro Could Continue To Rise
The euro could extend its gains against the dollar toward $1.10 if PCE price data on Friday come in on the weak side and keep the bond rally intact, Swissquote said. “The current cup and handle formation in the EUR/USD is a bullish technical formation and could be interesting for entering fresh long positions.” Traders…
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Pre-Market Movers: BlackBerry, Boeing, Calliditas Therapeutics, Micron Technology and more
Canada’s BlackBerry forecast fourth-quarter revenue of $150 million to $159 million, below analysts’ estimates for $185.6 million. The stock was down 7.1%. Boeing moved closer to resuming 737 MAX deliveries to China as it appeared Chinese airlines were getting ready to take delivery of the jets again. Trade publication The Air Current reported Boeing has…
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Stock Futures Bounce Back After Worst One-Day Slide in Three Months
Stock futures pointed to opening gains on Thursday, following the worst one-day decline in three months. There wasn’t any clear fundamental trigger for Wednesday’s sell-off, setting the stage for a better day on Thursday. But the market has been rallying hard and fast, with the S&P 500 up 22% this year. “The turnaround happened around…
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US Futures Up, European Stocks Down in the Wake of the U.S. Federal Reserve’s More Dovish Pivot
U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average rose 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. DocMorris climbed 12.8% and Assura added 3.7%. On the other hand, Indutrade lost…
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Top Company News of the Day: Warner, Paramount, Wells Fargo, Blackberry
Warner and Paramount CEOs Discussed Possible Merger of Companies Warner Bros. Discovery CEO David Zaslav met Paramount CEO Bob Bakish and discussed a possible merger between the media giants, people familiar with the matter said-a deal that would unite some of Hollywood and cable’s biggest brands. Wells Fargo Workers in Albuquerque Vote to Form Union,…
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Profit Taking Contributes Late-Day Sell-Off On Wall Street
Stocks recovered from initial weakness and moved mostly higher over the course of morning trading on Wednesday but came under significant pressure in the latter part of the session. The major averages moved sharply lower in late-day trading, partly offsetting recent strength. The major averages saw further downside going into the close, ending the session…
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Crypto: Ripple Expands in Europe with Irish License; STX, NEAR, MINA, INJ on Wednesday’s Radar
Bitcoin surpasses $44,000 with intense market activity Bitcoin (COIN:BTCUSD) briefly surpassed the $44,000 mark on Wednesday for the first time since December 10, reaching $44,164 on Bitstamp before dropping slightly. This rise triggered significant liquidations in the market, with approximately $160 million in digital asset liquidations in the last 24 hours. Much of these liquidations,…
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Investment Insights: Expert Analyst Opinions on AbbVie, Lowe’s, Salesforce, Zoom…
Abbvie: HSBC downgrades to hold from buy with a price target reduced from $167 to $156. Block: Jefferies maintains its buy recommendation and raises the target price from $60 to $90. Crowdstrike Holdings: Wells Fargo maintains its overweight rating and raises the target price from $250 to $315. Discover Financial Services: Citi upgrades to buy…
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Consumer Confidence, Home Sales and Oil Inventories Reports Due
The Conference Board is scheduled to release its report on consumer confidence in the month of December at 10 am ET. The consumer confidence index is expected to rise to 103.4 in December after climbing to 102.0 in November. Also at 10 am ET, the National Association of Realtors is due to release its report…
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Profit Taking May Contribute To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground after moving notably higher in recent sessions. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the recent strength in the markets. The Dow…