Category: Latest News
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U.S. Stocks Close Little Changed After Seeing Modest Strength For Most Of The Day
Stocks saw modest strength for much of the session on Thursday before giving back ground late in the trading day to close roughly flat. The Dow still managed to reach a new record closing high. The Dow ended the day up 161.35 points or 0.4 percent at 43,239.05, while the Nasdaq crept up 6.53 points…
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Bitcoin ETFs Attract $458 Million; Swarm Tokenizes Gold on Bitcoin; Kraken Launches Interoperable kBTC Token
Bitcoin ETFs record $458 million in inflows on October 16 On October 16, 2024, Bitcoin ETFs recorded $458.54 million in net inflows. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led with $393.4 million. Other ETFs, including Wise Origin Bitcoin Fund (AMEX:FBTC), Bitwise Bitcoin ETF (AMEX:BITB), Franklin Templeton Digital Holdings Trust (AMEX:EZBC), and ARK 21Shares Bitcoin ETF (AMEX:ARKB),…
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First-Time Unemployment Benefit Claims Pulled Back Unexpectedly
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week’s revised level of 260,000. Economists had expected jobless claims to inch…
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TSMC Earnings, Upbeat Economic Data May Lead To Early Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen over the course of the previous session. Tech stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The upward…
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Lucid Drops 15% on New Share Offering; Phunware Continues to Rise in Pre-Market; Meta and Deere Cut Jobs
Lucid Group (NASDAQ:LCID) – Lucid Group announced it expects a larger loss in Q3 and launched a public offering of 262 million shares. The Saudi Public Investment Fund, Lucid’s largest shareholder, will buy 374.7 million shares, maintaining around 59% ownership of the company. Lucid shares fell 14.6% pre-market after closing up 0.3% on Wednesday. Phunware…
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Earnings: TSMC Rises 8% With a 54% Profit Increase; Nokia Drops 6% After a Sales Decline; Alcoa Climbs 5%; CSX Falls 4%
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) – TSMC reported net income of T$ 325.3 billion ($10.11 billion) in the third quarter, up 54%, exceeding the T$ 300.2 billion estimate. Revenue reached US$23.5 billion, up 36%, surpassing the forecast of $22.4 billion to $23.2 billion. Capital expenditure was $6.4 billion, compared to US$ 6.36 billion in Q2.…
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US Index Futures Rise; Oil Edges Higher
U.S. index futures rose in premarket trading on Thursday, after the Dow Jones Industrial Average set its second record of the week. Investors are closely watching upcoming corporate earnings and today’s economic data. At 5:25 AM, Dow Jones futures (DOWI:DJI) were up 16 points, or 0.04%. S&P 500 futures gained 0.37%, and Nasdaq-100 futures advanced…
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U.S. Stocks Move Mostly Higher After Early Volatility
Stocks showed a lack of direction early in the session on Wednesday but moved mostly higher over the course of the trading day. With the upward move, the Dow more than offset the loss posted during Tuesday’s session, reaching a new record closing high. The major averages bounced back and forth across the unchanged line…
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Bitcoin ETFs Attract $371 Million; Ethereum Validators Grow 30%; WLFI Token Fails to Raise Funding Target
Bitcoin market consolidates gains with massive liquidations and dominance increase In the last 24 hours, $280.71 million in cryptocurrency positions were liquidated, impacting 79,153 traders. Bitcoin (COIN:BTCUSD) reached an intraday high of $68,399 and is currently trading at $67,990. The liquidations included $151.47 million in long positions and $129.24 million in short positions, with the…
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U.S. Import Prices Fell During September
Reflecting a sharp drop by prices for fuel imports, the Labor Department released a report on Wednesday showing a continued decrease by prices for U.S. imports in the month of September. The Labor Department said import prices fell by 0.4 percent in September after slipping by a revised 0.2 percent in August. The decline matched…