Category: Latest News
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Late-Day Rally Leads To Higher Close For Dow, S&P 500; Nasdaq Ends Little Changed
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 Dow (DOWI:DJI) showed a substantial move to the upside, bouncing off its lowest closing level in almost a month. The Dow surged 574.84 points or 1.5 percent to…
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Cryptocurrency Ownership Hits 6.8% Globally; Japanese Exchange Suffers $300 Million Theft, and More in Crypto
Cryptocurrency ownership jumps to $562 million globally in 2024 The number of cryptocurrency owners increased to 562 million in 2024, a 34% growth compared to the previous year. This advancement highlights the growing adoption of digital currencies, now held by 6.8% of the world’s population. South America saw the highest growth, closely followed by North…
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U.S. Consumer Prices In Line With Estimates
A highly anticipated report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of April, although core consumer prices edged up by slightly less than expected. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent for…
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Futures Turn Positive Following Closely Watched Inflation Data
The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to regain ground after moving notably lower over the two previous sessions. The futures turned positive following the release of a highly anticipated Commerce Department report showing consumer prices in the U.S. increased in line with economist…
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DJT Stock Falls 6% Post-Trump Conviction; UBS Restructures Senior Management for CEO Succession and More News
Trump Media & Technology Group (NASDAQ:DJT) – Trump Media & Technology Group’s stocks fell by 6.1% in pre-market trading after Donald Trump’s conviction for falsifying documents to silence a porn star before the 2016 elections. Sentencing is scheduled for July 11. UBS Group (NYSE:UBS) – UBS has reshuffled its senior management, splitting the wealth management…
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U.S. Index Futures Dip in Pre-Market Amid Earnings Assessments and Upcoming Inflation Report
U.S. index futures are down in pre-market trading on Friday as investors assess a series of corporate earnings ahead of a critical inflation report release. Despite a week of losses, Wall Street is on track to close out May with significant gains. At 7:02 AM, Dow Jones futures (DOWI:DJI) dropped 47 points, or 0.12%. S&P…
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Dell Shares Drop 15% in Pre-Market; Gap Soars 24% on Surprising Quarterly Profits, and More in Earnings
Gap (NYSE:GPS) – Gap reported quarterly earnings of 41 cents per share, along with revenues of $3.39 billion in the first quarter. Analysts surveyed by LSEG had forecasted earnings of 14 cents per share and revenue of $3.29 billion. Shares rose 23.5% in pre-market trading. Dell Technologies (NYSE:DELL) – Dell reported adjusted earnings of $1.27…
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Trump Media Shares Drop Following Donald Trump Conviction
Shares in Trump Media & Technology Group (NASDAQ:DJT) fell 6.5% on Thursday following the result of the New York trial in which the former president was found guilty of falsifying documents to cover up a hush money payment to a porn star. The company, which is majority owned by Trump and is the parent of…
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U.S. Stocks Slump Ahead Of Inflation Data, Salesforce Weighs On Dow
After ending Wednesday’s session mostly lower, stock saw further downside during trading on Thursday. The major averages all finished the day firmly in negative territory, with the Dow once again falling to its lowest closing level in almost a month. The Nasdaq and the S&P 500 fell to new lows for the session late in…
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Kohl’s, UiPath Shares Down, Foot Locker and Okta Should Rise
Shares of Kohl’s (NYSE:KSS) have plummeted in pre-market trading after the department store chain reported an unexpected fiscal first quarter loss on weaker than expected revenues. Software company UiPath (NYSE:PATH) is also seeing a pre-market nosedive after reporting fiscal first quarter results that exceeded estimates but providing disappointing guidance. The company also announced the resignation…