Category: Latest News
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US close: Stocks higher as traders await earnings
Wall Street stocks closed higher on Monday as market participants braced for a week full of quarterly earnings reports. At the close, the Dow Jones Industrial Average was up 0.30% at 33,987.18, while the S&P 500 advanced 0.33% to 4,151.32 and the Nasdaq Composite saw out the session 0.28% firmer at 12,157.72. The Dow closed…
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European Midday Briefing: Mood Brighter After China Rebound; More U.S. Bank Earnings Ahead
MARKET WRAPS Stocks: European stocks moved higher on Tuesday, with sentiment buoyed by some robust economic growth data from China. China’s economy expanded 4.5% in the first quarter of the year compared with the same three months a year earlier, a better performance than the 4% pace expected by economists. The rebound tees up a…
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Top Company News of the Day
Tesla Faces a Tougher Road Ahead in China The company hasn’t said why it won’t join the more than 100 exhibitors packing China’s most prestigious industry event. DOJ Opposes Protection for Johnson & Johnson in Second Talc Bankruptcy U.S. bankruptcy watchdog says talc affiliate’s repeat chapter 11 faces “possibly insurmountable obstacles.” Florida Gov. Ron DeSantis…
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Crypto this Monday: BTC Below $30K, SEC Accuses Bittrex, Argentina Approves Offer of BTC Futures Contracts
Bitcoin price drops below $29,500 on Monday After hitting a yearly high of $30,975 last Friday, Bitcoin price is under pressure today and has dropped below $29,500 for the first time in a week. Analysts are considering whether the dip was a technical correction or whether it comes from an unusually large sell delta for Bitfinex. The…
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U.S. Stocks May Show A Lack Of Direction In Early Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the volatility seen in the previous session. Traders may be reluctant to make significant moves amid uncertainty about the near-term outlook for the markets and interest rates. Following…
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Crypto this Friday: ADA and ARB Jump, Bitrue Hack, Paxos’s Whitepaper
SEC targets DeFi The US Securities and Exchange Commission (SEC) may be targeting DeFi, as it reopened a proposal from last year that would now explicitly target platforms for these crypto transactions as exchanges that need to be regulated. The SEC proposed expanding the definition of the word “exchange” in January 2022 to capture a broader swath of…
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Retail Spending Declines, U.S. Corporate Borrowing Rebounds, Russian Oil Exports Reach Three-Year High
Retail Spending Declines Retail spending declined in March due to reduced purchases of vehicles, furniture, appliances, and gasoline, likely influenced by rising interest rates. According to the Commerce Department, sales at stores, restaurants, and online decreased by 1% from the previous month, with February’s estimate also revised to a milder decline of 0.2%. Recent data…
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Big Banks Reports, Stocks Mixed, MGM Resorts to Build Japan’s First Casino
Big Banks Reports, Stocks Mixed During earnings season, big banks like JPMorgan (NYSE:JP) reported record quarterly revenue, leading to a rally in bank shares with over 6% gain. However, CEO Jamie Dimon warned of potential impact from recent financial turmoil on lending. Stocks were mixed, with the S&P 500 (SPI:SP500) and Dow Jones Industrial Average…
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Futures Pointing To Roughly Flat Open On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following the rally seen in the previous session. Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street after yesterday’s rally lifted the…
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Wall Street Highlights: JPMorgan, Wells Fargo, PNC, UnitedHealth and more
Main subjects of the day Dow Jones futures gained traction in premarket trading on Friday as investors received the first batch of corporate earnings from major banks with stronger-than-expected results. At 10.09 am EST, futures contracts linked to the Dow Jones added 37 points, or 0.11%. S&P 500 futures were flat, and Nasdaq-100 futures were…