Category: Latest News
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U.S. Stocks Move Mostly Lower Amid Increase In Treasury Yields
Stocks have moved mostly lower during trading on Wednesday, with the major averages all moving to the downside after ending the previous session narrowly mixed. Currently, the major averages are just off their lows of the session. The Dow is down 176.09 points or 0.5 percent at 33,821.56, the Nasdaq is down 139.58 points or…
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Crypto This Wednesday: Stellar Integrates Smart Contracts, Floki Launches Staking Feature, and More
Stellar seeks to compete with Ethereum by adding smart contracts to its network A new competitor has emerged in the smart contract blockchain market, with the Stellar (COIN:XLMUSD) project, known for its payment solutions, preparing to integrate smart contract functionality into its platform. While Ethereum leads the industry, Stellar hopes to attract developers and users to…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers United Airlines Holdings (NASDAQ:UAL) slid over -4% in pre-market trading after the carrier provided weaker-than-expected Q4 EPS guidance. Floor & Decor Holdings (NYSE:FND) climbed more than +7% in pre-market trading after entering the S&P MidCap 400 index. NVIDIA Corporation (NASDAQ:NVDA) fell over -1% in pre-market trading after Morgan Stanley lowered its…
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Wednesday’s Wall Street Highlights: ASML, Nvidia, United Airlines, Viking Therapeutics, P&G, and More
US index futures are declining this Wednesday in pre-market trading as investors await new quarterly financial reports and assess recent information on inflation in Europe and economic performance in China. Additionally, developments in the conflict between Israel and Hamas are under the market’s scrutiny. At 07:02, Dow Jones futures (DOWI:DJI) dropped by 93 points, or…
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US Futures, European Stocks Slip
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.4% in morning trading. Worldline rose 6.3% and Svenska Handelsbnkn Ser A climbed 5.3%. On the other…
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Top Company News of the Day: Nvidia, Foxconn, Whitehaven, BHP, Mitsubishi
Nvidia, Foxconn to Develop New Class of Data Centers Focused on AI Chip maker Nvidia is expanding its partnership with Taiwan’s Foxconn, and aims to develop a new class of data centers that can power artificial-intelligence services. Australia’s Whitehaven to Buy Two BHP, Mitsubishi Coal Mines Mining giant BHP Group and Japan’s Mitsubishi have agreed…
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U.S. Stocks Close Mixed After Cautious Session
After a weak start and a subsequent recovery that resulted in a brief spell in positive territory, U.S. stocks retreated and eventually ended on a mixed note on Tuesday. Investors digested the data on U.S. retail sales and industrial production, and continued to track the developments on the geopolitical front. Data showing a bigger than…
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Crypto This Tuesday: Bitcoin Above $28K, Roblox Accepts XRP With BitPay, and More
BlackRock CEO attributes Bitcoin surge to growing interest Bitcoin (COIN:BTCUSD) surpassed $28,000, a critical milestone for the cryptocurrency. The digital currency briefly reached $30,000 recently. Furthermore, $28,000 has been a significant level, with bulls and bears vying for control. Analysts believe that BTC’s ability to remain above this value is essential for the crypto market. Liquidity around $28,000 remains,…
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Home Builder Confidence Falls to Lowest Since January
In October, homebuilder confidence hit its lowest levels since January, as indicated by a report released on Tuesday. This decline signals that soaring mortgage rates are putting pressure on the optimism of construction firms and affecting potential buyer traffic. The confidence index has now fallen for the third consecutive month, dropping from a revised September…
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U.S. Industrial Output Up 0.3% in September as Auto Strike has Limited Impact
In September, United States industrial production exhibited a 0.3% increase when compared to the previous month, following a period of stability in August (revised data). This information comes from the Federal Reserve, the central bank of North America. In comparison to September 2022, the overall production saw a modest uptick of 0.1%. During September, the…