Category: Latest News
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U.S. Stocks Close Mixed Following Producer Price Inflation Data
Following the release of producer price inflation data, the major U.S. stock indexes turned in a mixed performance during trading on Friday. The tech-heavy Nasdaq slid 93.14 points or 0.6 percent to 13,644.85, ending the session at its lowest closing level in well over a month. The S&P also edged down 4.78 points or 0.1…
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Crypto this Friday: Visa Tests Ether Fees, Kraken Outperforms Coinbase on Altcoins, SEC Delays ARK ETF
SEC postpones decision on ARK Bitcoin ETF SEC has postponed the decision on the Bitcoin ETF proposed by ARK Investment Management. On August 11, SEC launched a 21-day public comment period for the ETF. ARK had filed in May, and SEC has until January 2024 to decide. To be listed, the ETF needs to meet certain regulatory criteria. Cathie…
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Friday’s Wall Street Highlights: Archer Aviation, UBS, Pagaya Technologies, Cano Health, and more
US index futures are down premarket on Friday, continuing to reflect the impacts of US inflation figures, UK activity and uncertainty surrounding global interest rate trends. By 7:00 AM, Dow Jones Futures (DOWI:DJI) were down 3 points, or 0.01%. S&P 500 futures were down 0.10% and Nasdaq-100 futures were down 0.23%. The 10-year Treasury yield was at…
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US Futures Up, European Stocks Down as Market Weighs US Data
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.4% in morning trading. UBS Group added 4.9% and Bechtle rose 3.2%. On the other…
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Top Company News of the Day: News Corp, X, Purdue Pharma, Rio Tinto
News Corp Swings to Loss Amid Revenue Drop, Book-Publishing Struggles CEO says news publisher is in talks with AI companies to establish the value of its content. Yaccarino Says X Is Watching Threads but Has Its Own Vision The CEO who started in June says the platform has “an entirely different road map” for the…
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U.S. Stocks Close Only Slightly Higher As Early Rally Evaporates
After moving sharply higher early in the session, stocks largely offset the rally over the course of the trading day on Thursday. The major averages pulled back well off their highs of the session, ending the day just above the unchanged line. The Dow surged by more than 450 points in early trading but ended…
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Crypto this Thursday: Amazon Launches Exclusive NFTs, Coinbase Base Starts Slow, and More
Amazon dives into the Play-to-Earn universe with exclusive NFTs Amazon (NASDAQ:AMZN) is offering its 170 million top subscribers the chance to claim unique non-fungible tokens (NFTs) in popular blockchain games such as Mojo Melee and Blankos Block Party. Starting August 9th, Amazon Prime members will receive a variety of NFTs that offer unique benefits in games…
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Tamer-Than-Expected Inflation Data May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending the previous session mostly lower. The upward momentum on Wall Street comes following the release of the Labor Department’s highly anticipated report on consumer price inflation in the…
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Thursday’s Wall Street Highlights: Capri Holdings, Disney, Sonos, Applovin, Plug Power, and more
US index futures rose in premarket Thursday, a day highly anticipated by global investors due to the release of US inflation data. By 6:43 AM, Dow Jones futures (DOWI:DJI) were up 164 points, or 0.47%. S&P 500 futures were up 0.49% and Nasdaq-100 futures were up 0.58%. The yield on the 10-year Treasury bill was at 4.005%.…
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North American Morning Briefing: Attention Turns to Key Inflation Data
Market Wraps Watch For: CPI for July; Weekly Jobless Claims Today’s Top Headlines/Must Reads: – What to Watch in July’s CPI Report: Why an Uptick in Annual Inflation Might Not Worry the Fed – U.S. and China Poised to Drift Further Apart After Investment Ban – ‘It’s Hard to Be an Activist These Days’: Gadfly…