Category: Latest News
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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…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher. U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster…
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U.S. Stocks Close Higher; Nasdaq Outperforms
U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster trade, but turned positive with stocks gaining in strength gradually as the session progressed. The Dow ended higher by 50.66 points or 0.13 percent, at 39,169.52. The S&P…
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Manufacturing Activity and Construction Spending Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of June at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.1 in June from 48.7 in May, although a reading below 50 would still indicate contraction. Also at 10 am ET, the…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. Optimism about the outlook for interest rates may lead to renewed buying interest on Wall Street following last Friday’s closely watched…
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U.S. Stocks Showing Significant Downturn After Seeing Early Strength
Stocks moved mostly higher in early trading on Friday but showed a significant downturn over the course of the session. The major averages pulled back well off their early highs and into negative territory. After reaching record intraday highs, the Nasdaq (NASDAQI:COMP) slid 126.08 points or 0.7 percent to 17,732.60 and the S&P 500 (SPI:SP500)…