Category: Latest News
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Nasdaq, S&P 500 See Further Upside Ahead Of Jobs Report But Dow Gives Back Ground
Stocks showed a lack of direction over the course of the trading session on Thursday, with the major averages swinging back and forth across the unchanged line before eventually closing mixed. The Nasdaq and the S&P 500 reached new highs for the session going into the end the day, closing higher for the third straight…
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Eli Lilly Stock Price Rises As Profits Exceed Expectations
Drug manufacturer Eli Lilly (NYSE:LLY) announced today that Revenue in the fourth quarter rose 45% to $13.53 billion, driven by volume growth from Mounjaro and Zepbound, versus the consensus of $13.78 billion. The company said it expects to report 2025 income per share of $22.50 to $24.00 in 2025, compared with analysts’ estimates of $22.86 per…
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U.S. Stocks May See Further Upside As Jobs Report Looms
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to see further upside after recovering from an initial pullback to end the previous session mostly higher. Stocks may benefit from recent upward momentum, which has seen the markets close higher for two straight days despite concerns…
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71% Of Institutional Traders Do Not Plan To Buy Crypto
71% of respondents to a JPMorgan e-trading survey for institutional traders said they have no plans to trade in cryptocurrency this year. “The majority of traders have no plans to trade crypto or digital coins,” according to the JPM January survey of institutional traders. The percentage of those showing interest in crypto decreased from 78%…
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MicroStrategy Rebrands As ‘Strategy’, Reports Q4 Net Loss Of $670m
Bitcoin stacking company Strategy (NASDAQ:MSTR), which has just rebranded from its former name of MicroStrategy, has reported a net loss of $670.8 million for the fourth quarter. The company reported fourth quarter revenue of $120.7 million, a 3% year on year fall. Meanwhile it said it had bought an additional 218,887 Bitcoin, bringing its holdings…
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U.S. Stocks Recover From Early Pullback To Close Mostly Higher
Stocks came under pressure early in the session on Wednesday but showed a significant rebound over the course of the trading day. The major averages climbed well off their worst levels of the day and into positive territory. The major averages reached new highs for the session going into the close of trading. The Dow…
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Disney First Quarter Earnings Beat Expectations, Boosted By Streaming Service
Disney (NYSE:DIS) reported its first quarter earnings on Wednesday, showing a profit on its streaming segment while its parks business took a hit from two back-to-back hurricanes, together with greater investment in its cruise ships. Strong box office performance of animated sequel Moana 2 also added to the strength of its entertainment division. Disney+ subscribers…
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Private Sector Employment Increased More Than Expected In January
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January. ADP said private sector employment climbed by 183,000 jobs in January after rising by an upwardly revised 176,000 jobs in December. Economists had expected private sector employment to rise by…
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Tech Stocks May Lead Early Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Tech stocks may lead an early pullback on Wall Street amid a negative reaction to earnings news from Alphabet (NASDAQ:GOOGL) and Advanced Micro Devices (NASDAQ:AMD). Shares of…
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Gold Prices Boosted To Record High On Fears Of Trade War, Gaza Uncertainty
Gold prices hit a record high in Asian trade on Wednesday as demand for the precious metal as a safe haven was boosted by geopolitical uncertainty. With concerns over a brewing trade war between the U.S. and China, and President Trump’s comments about Gaza, demand for gold was high and the spot price jumped 0.6%…