Category: Latest News
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Nasdaq Extends Yesterday’s Pullback But Dow Inches Higher
Stocks moved mostly lower over the course of the trading on day on Friday, extending the pullback seen during Thursday’s session. The tech-heavy Nasdaq showed a steep drop on the day, while the Dow managed to close modestly higher. The Nasdaq tumbled 166.98 points or 1.2 percent to 13,407.23 and the S&P 500 slid 21.83…
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Crypto This Friday: THORSwap Resumes Operations, Paolo Ardoino Takes Over as Tether CEO, and More
Bitcoin remains stable at $26,800 awaiting SEC’s decision on ETF The price of Bitcoin (COIN:BTCUSD) continued to fluctuate around $26,800 pending a crucial decision from the U.S. Securities and Exchange Commission (SEC) regarding its refusal to allow a spot exchange-traded fund (ETF) of Bitcoin. The cryptocurrency market is closely watching the SEC’s decision, with analysts evaluating…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Don’t Trade Without Seeing The Orderbook ANALYST RECOMMENDATIONS: American Express: HSBC maintains its buy recommendation with a target price of $181. Amgen Inc: Goldman Sachs maintains its buy recommendation and reduces the target price from $310 to $305. Avangrid: Morningstar downgrades to hold from buy with a price target reduced from $38 to $33. Biogen…
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Friday’s Wall Street Highlights: Dollar General, Microsoft, Cassava Sciences, Ford, Wells Fargo, and more
US index futures are down in Friday’s pre-market, with investors gearing up to assess the earnings of major banks. At 7:01 AM, Dow Jones futures (DOWI:DJI) fell 11 points, or 0.03%. S&P 500 futures dropped 0.20%, and Nasdaq-100 futures declined 0.44%. The yield on 10-year Treasury bonds stood at 4.602%. In the commodities market, November…
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US Futures Rise Slightly, European Stocks Mixed
U.S. futures for the S&P 500 were up 0.1% 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 fell 0.1% in morning trading. MorphoSys rose 7.4% and Tryg added 6.5%. On the other hand, Sartorius Stedim…
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Top Company News of the Day: Microsoft, Ligado, Party City, Exxon
Microsoft’s Activision Deal Gets Green Light From U.K. Regulator The decision clears a path for the companies to close the $75 billion deal after a lengthy struggle with regulators. Ligado Sues U.S. Seeking $39 Billion in Spectrum Fight The debt-laden satellite company alleges the Pentagon improperly denied its use of spectrum for 5G networks. Party…
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Rebound By Treasury Yields Contributes To Pullback On Wall Street
Stocks moved mostly lower over the course of the trading day on Thursday, giving back ground after trending higher over the past several sessions. The major averages showed a lack of direction early in the session before coming under pressure in the early afternoon. The major averages climbed off their worst levels going into the…
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US Futures, European Stocks Rise ahead of US CPI data
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.5% in morning trading. Addtech Series B added 4.3% and Publicis Groupe rose 3.4%. On the other…
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Top Company News of the Day: Hollywood, Ford, Albemarle, Publicis
Facing Exclusion From U.S., Chinese EV Suppliers Map a Circuitous Route Back In Battery makers’ path around legal barriers runs through South Korea and Morocco. Hollywood Studios Suspend Talks With Actors The breakdown of negotiations after less than two weeks dampens hopes that the industry could soon return to work. UAW Strikes at Ford Pickup-Truck…
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U.S. Stocks Extend Upward Move As Treasury Yields See Further Downside
Stocks fluctuated over the course of the trading session on Wednesday but managed to end the day mostly higher. With the upward move, the major averages all closed higher for the fourth consecutive session. The major averages moved to the upside going into the close, ending the session near their best levels of the day.…