Category: Latest News
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It’s Altcoin Season: Solana Boosted By Meme Coin Frenzy
While Bitcoin soars to new heights, altcoins have benefited from the increased interest in cryptocurrency. The Solana token (COIN:SOLUSD) has seen a spike in volume this week, as it has captured the interest of crypto traders. The token was $160 on 4 November, and now it’s $232 – a rise of 45% in a month.…
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U.S. Stocks Pull Back Off Record Highs Ahead Of Jobs Data
After climbing to new record highs in the previous session, stocks turned in a relatively lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day in negative territory. The Dow slid 248.33 points or 0.6 percent to 44,765.71,…
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U.S. First-Time Unemployment Benefit Claims Show Modest Increase
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing a modest increase by first-time claims for U.S. unemployment benefits in the week ended November 30th. The report said initial jobless claims rose to 224,000, an increase of 9,000 from the previous…
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Looming Jobs Report May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction after climbing to new record highs in the previous session. Traders may be reluctant to make significant moves ahead of the release of the Labor Department’s closely watched monthly jobs report…
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Bitcoin Crashes Through The $100,000 Barrier
Bitcoin’s (COIN:BTCUSD) price rose over $100,000 for the first time as its recent bull run continued. The cryptocurrency has been boosted by Donald Trump’s victory in the recent U.S. election. It is currently at $102,717. Trump supports cryptocurrency, and he has pledged to make the U.S. “the crypto capital of the planet.” Crypto enthusiasts have…
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Dow Closes Above 45,000 For First Time, Nasdaq And S&P 500 Also Set Record Highs
Following the lackluster performance seen in the previous session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all climbed to new record closing highs after ending mixed for two straight days. The tech-heavy Nasdaq led the way higher, jumping by 254.21 points or 1.3 percent to 19,735.16.…
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U.S. Private Sector Employment Up Less Than Expected
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November. ADP said private sector employment climbed by 146,000 jobs in November after jumping by a downwardly revised 184,000 jobs in October. Economists had expected private sector employment to…
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Dow May Regain Ground Amid Surge By Salesforce
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. The Dow is likely to regain ground after closing lower in the two previous sessions amid a surge by shares of Salesforce (CRM). Salesforce…
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Nasdaq, S&P 500 Finish Choppy Trading Day At New Record Highs
Following the mixed performance seen during Monday’s session, stocks showed a lack of direction over the course of the trading day on Tuesday. Despite the choppy trading, the Nasdaq and the S&P 500 once again reached new record closing highs. The major averages eventually ended the day mixed. While the Dow dipped 76.47 points or…
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Looming Monthly Jobs Data May Keep Traders On The Sidelines
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session. Traders may take a step back to assess recent strength in the markets, which saw the Nasdaq and the S&P 500 reach…