Category: Latest News
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U.S. Index Futures Slightly Rise in Pre-Market Trading, Set for Weekly Gains
U.S. index futures show a slight increase in pre-market trading this Friday, with indices on track to end the week with gains as investors eagerly await payroll data. At 06:21 AM, Dow Jones futures (DOWI:DJI) rose 10 points, or 0.03%. S&P 500 futures advanced 0.04%, and Nasdaq-100 futures gained 0.13%. The 10-year Treasury yield stood…
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Tesla Listed for China’s Government Vehicles; Macy’s Acquisition Offer Raised, and More News
Tesla (NASDAQ:TSLA) – The Tesla Model Y was included for the first time on a list of plug-in electric and hybrid vehicles that a local government in China can acquire as a service car. This information was disclosed by the official Chinese media, The Paper, highlighting that the Jiangsu provincial government published the list on…
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U.S. Stocks Move Mostly Higher In Abbreviated Trading Session
After moving mostly higher to start the week, stocks saw further upside over the course of the trading session on Wednesday. With the continued upward move, the Nasdaq and the S&P 500 once again reached new record closing highs in an abbreviated trading session. The Nasdaq (NASDAQI:COMP) advanced 159.54 points or 0.9 percent to 18,188.30…
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BTC Falls Amid Market Pressure, Bittensor Suspends Operations, Consensys Enhances MetaMask Security
Fluctuations in the US bitcoin ETF market and the importance of the $60,000 mark for bitcoin Bitcoin (COIN:BTCUSD) registered a 2.9% decline in the last 24 hours, hitting $60,200 amid a broad market downturn. Selling pressure may increase due to the imminent asset distributions by the bankrupt exchange Mt. Gox, scheduled for release this week.…
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Private Sector Employment, U.S. Trade Deficit Up Less Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by slightly less than expected in the month of June. ADP said private sector employment climbed by 150,000 jobs in June after rising by an upwardly revised 157,000 jobs in May. Economists had expected private sector employment to increase…
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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 slightly lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Traders may look to cash in on yesterday’s gains, which lifted the Nasdaq and the S&P 500 to new record closing highs. The S&P 500 closed…
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U.S. Index Futures Modestly Higher Before Key Economic Data Release; Early Closure for July 4th Holiday
U.S. index futures are modestly higher this Wednesday, with investors awaiting a series of significant economic data. U.S. markets will close early today at 1 PM and remain closed on Thursday due to the July 4th holiday. At 6:21 AM, Dow Jones futures (DOWI:DJI) were up 47 points, or 0.12%. S&P 500 futures advanced 0.02%,…
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Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News
Apple (NASDAQ:AAPL) – Apple will obtain an observer role on the OpenAI board as part of an AI agreement, with Phil Schiller chosen for the position. This arrangement will allow Schiller to attend board meetings without voting rights, starting later this year. In other related news, a former Apple corporate law director convicted of insider…
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Major Averages Close On Firm Note As Stocks Rally After Early Struggle
After struggling for direction till a little past noon on Tuesday, stocks began climbing higher, and continued to gain in strength to eventually end the day’s session a firm note. Concerns about the outlook for interest rates rendered the mood cautious early on in the session, with investors digesting Federal Reserve Chair Jerome Powell’s speech…
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Bitcoin ETFs Draw Investments in June, Electoral Impact on BTC
Bitcoin ETFs attract investments despite price drop In June, spot bitcoin ETFs recorded net inflows of $790 million despite a 7% drop in BTC price. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led with over $1 billion in inflows, offsetting outflows from Grayscale Bitcoin Trust (AMEX:GBTC). The anticipation for a spot Ether ETF also boosted inflows. It…