Category: Latest News
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U.S. Index Futures Rise Ahead of Economic Data; Oil Prices Edge Higher
U.S. index futures are showing gains in pre-market trading this Wednesday, with investors expressing optimism while awaiting new economic data and assessing recent corporate earnings results. At 6:32 AM, Dow Jones futures (DOWI:DJI) rose 61 points, or 0.16%. S&P 500 futures advanced 0.23%, and Nasdaq-100 futures gained 0.47%. The 10-year Treasury yield stood at 4.342%.…
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Crypto: CoreWeave’s $1 Billion Bid for Core Scientific, Bitpanda and Deutsche Bank Form Strategic Banking Partnership, and More
Bitcoin nears record high after strong influx into BlackRock’s ETF The price of Bitcoin surged to a high of $71,108.90 on Tuesday, influenced by record inflows into BlackRock’s Bitcoin ETF (NASDAQ:IBIT). Currently, it is priced at $70,919, marking a 3.08% increase in 24 hours. Other cryptocurrencies, such as Ethereum (COIN:ETHUSD), Binance Coin (COIN:BNBUSD), Solana (COIN:SOLUSD),…
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U.S. Stocks Finish Choppy Trading Day Modestly Higher
Stocks fluctuated over the course of the trading session on Tuesday before eventually ending the day modestly higher. The major averages all finished the day in positive territory following the mixed performance seen on Monday. The Dow (DOWI:DJI) climbed 140.26 points or 0.4 percent to 38,711.29, the Nasdaq (NASDAQI:COMP) rose 28.38 points or 0.2 percent…
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Crude Oil, Gold Futures Slump
Crude oil futures are slumping $1.15 to $73.07 a barrel after plunging $2.77 to $74.22 a barrel on Monday. Meanwhile, after jumping $23.50 to $2,369.30 an ounce in the previous session, gold futures are falling $15 to $2,354.30 an ounce. On the currency front, the U.S. dollar is trading at 154.82 yen compared to the…
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Manufactured Goods New Orders, Job Openings Reports Due
The Commerce Department is scheduled to release its report on new orders for manufactured goods in the month of April at 10 am ET. Factory orders are expected to increase by 0.6 percent in April after jumping by 1.6 percent in March. Also at 10 am ET, the Labor Department is due to release its…
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Economic Worries May Lead To Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Concerns about the outlook for the U.S. economy may weigh on the markets following yesterday’s disappointing manufacturing data. While economic weakness could prompt the…
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U.S. Stocks Close On Mixed Note
After a positive start and a subsequent retreat that resulted in a fairly long spell in negative territory on Monday, U.S. stocks recovered in afternoon trades and ended the day’s session on a mixed note. The Nasdaq (NASDAQI:COMP) outperformed, settling at 16,828.67 with a gain of 93.65 points or 0.56 percent. The S&P 500 (SPI:SP500)…
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Oil Futures Inch Up
Crude oil futures are inching up $0.18 to $77.17 a barrel after slumping $0.92 to 76.99 a barrel last Friday. Meanwhile, after sliding $20.70 to $2,345.80 an ounce in the previous session, gold futures are edging up $2.10 to $2,347.90 an ounce. On the currency front, the U.S. dollar is trading at 156.78 yen versus…
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Manufacturing Activity, Construction Spending Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of May at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.6 in May from 49.2 in April, but a reading below would still indicate contraction. Also at 10 am ET, the Commerce…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move to the upside following a weak performance last week. After turning in a mixed performance throughout much of the session, the major U.S. stock indexes all rallied going into the close of trading on Friday. The…