Category: Latest News
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U.S. Stocks Close Slightly Higher; Dow, S&P Post New Highs
U.S. stocks closed higher on Monday and the Dow and S&P 500 posted record highs, although the gains were just marginal, as investors largely made cautious moves ahead of some crucial economic data and Fed speeches. Reports on durable goods orders, new home sales and consumer confidence are likely to attract attention along with a…
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Cryptocurrency Correlation With S&P 500 Rises; Riot Ends Bitfarms Acquisition; BlackRock Alters IBIT
Correlation between cryptocurrencies and the S&P 500 increases The correlation between cryptocurrencies and the S&P 500 (SPI:SP500) reached 0.67, a level unseen since 2022. This increase reflects the impact of macroeconomic factors on cryptocurrency markets, such as US interest rates and monetary policies. Analysts expect this correlation to persist, especially with a soft landing anticipated…
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Futures Pointing To Modestly Higher Open On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to move to the upside after ending last Friday’s trading narrowly mixed. Stocks may benefit from optimism about the outlook for the economy following the Federal Reserve’s interest rate cut last week. The Fed is expected to…
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US Futures Steady in Pre-Market; Oil Rises on Middle East Conflict Fears
U.S. index futures are largely flat in pre-market trading this Monday, after a strong week on Wall Street, driven by the Federal Reserve’s 50 basis point interest rate cut. The Dow hit a record high above 42,000 points, with investors eyeing upcoming economic data and Fed speeches this week. At 5:23 AM, Dow Jones futures…
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Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More
Intel (NASDAQ:INTC), Apollo Global Management (NYSE:APO), Qualcomm (NASDAQ:QCOM) – Apollo Global Management has reportedly offered up to $5 billion to invest in Intel, according to Bloomberg. The negotiations are in the early stages and could change or fall apart. In addition, Qualcomm is in preliminary talks to acquire Intel, aiming to reshape the chip sector,…
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Nasdaq, S&P 500 Give Back Ground But Dow Inches Up To New Record Closing High
Stocks moved mostly lower early in the session on Friday but regained ground over the course of the trading day. The major averages climbed well off their worst levels of the day before eventually closing narrowly mixed. While the Dow (DOWI:DJI) inched up 38.17 points or 0.1 percent to a new record closing high of…
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Bitcoin ETFs Attract $158 Million Inflows; MicroStrategy Expands Holdings by 7,420 BTC Purchase; PancakeSwap Unveils v4
Bitcoin ETFs in the US registered an inflow of $158.3 million on Thursday On September 19, Bitcoin ETFs saw a significant inflow of $158.21 million, marking a strong recovery from the previous day’s outflow of $52.7 million. The main contributors to this inflow were the Ark 21Shares Bitcoin ETF (AMEX:ARKB), attracting $81.07 million, and the…
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U.S. Stocks May Lack Direction Following Yesterday’s Rally
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. Traders may take a breather following the surge during Thursday’s trading, which lifted the Dow and the S&P 500 to new record closing…
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U.S. Futures Dip After Fed Rate Cut Rally; Oil Prices Dip but Head for Second Weekly Gain
U.S. index futures are down in premarket trading this Friday, following a strong rally the previous day, fueled by the Federal Reserve’s interest rate cut and encouraging unemployment data. With no major economic events on the calendar, traders expect light trading activity today. As of 5:11 AM, Dow Jones futures (DOWI:DJI) fell 14 points, or…
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Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss
Nike (NYSE:NKE) – Elliott Hill, who started as an intern at Nike in 1988, will become the next CEO on October 14, replacing John Donahoe. Hill, with a 32-year career at Nike, is known for his work ethic and dedication. This change comes at a critical time, with the company facing declining sales and increasing…