Category: Latest News
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U.S. Stocks May Move To The Upside In Early Trading
The major U.S. index futures are currently pointing to initial strength on Wall Street on Friday, with stocks likely to move mostly higher following the mixed performance seen in the previous session. Ongoing optimism about the outlook for the economy may contribute to strength on Wall Street despite recent concerns about the Federal Reserve lowering…
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US Futures Rise; Oil Prices Edge Higher
US index futures rose in pre-market trading Friday, with optimism around corporate earnings and lower Treasury yields. At 5:18 AM ET, Dow Jones futures (DOWI:DJI) were up 85 points, or 0.20%. S&P 500 futures gained 0.25%, and Nasdaq-100 futures advanced 0.29%. The 10-year Treasury yield stood at 4.20%. In commodities, West Texas Intermediate crude for…
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Capri Shares Crash 45% After Merger Block; Coursera Falls 18% on Lower Revenue Forecast
Tapestry (NYSE:TPR), Capri (NYSE:CPRI) – A U.S. judge blocked the $8.5 billion merger between Tapestry and Capri, favoring the Federal Trade Commission (FTC) and marking a win for the Biden administration before the elections. The FTC argued the merger would reduce competition among top U.S. handbag makers, raising prices. Tapestry’s shares rose 12.4% pre-market, while…
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Nasdaq, S&P 500 Regain Ground But Dow Extends Losing Streak
Following the steep drop seen during Wednesday’s session, the major U.S. stock indexes turned in a mixed performance during trading on Thursday. The Nasdaq and the S&P 500 regained ground, but the narrower Dow saw further downside to close lower for the fourth straight day. The major averages finished the day on opposite sides of…
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Chainlink Integrates Oracles with Bitcoin; Synthetix Launches v3 with Liquidity on Arbitrum; Kraken Bets on L2 INK Network
Chainlink integrates data with Bitcoin for the first time via Spiderchain Chainlink (COIN:LINKUSD) expanded its oracle services to Bitcoin for the first time, integrating with Spiderchain, a layer 2 developed by Botanix Labs. This integration enables Spiderchain to access Chainlink’s oracle services, bringing real-world data to Bitcoin smart contracts. The goal is to allow Bitcoin…
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Initial Jobless Claims Fell Unexpedtedly
After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week’s revised…
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Bargain Hunting, Tesla Earnings May Trigger Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following recent weakness on Wall Street, which has seen the Dow and the S&P 500…
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US Futures Climb on Earnings; Oil Soars Amid Middle East Conflict
U.S. index futures rose in pre-market trading Thursday, buoyed by strong third-quarter earnings. This follows three straight days of declines for the Dow and S&P 500, pressured by the recent surge in 10-year Treasury yields. At 05:15 AM, Dow Jones futures fell 29 points, or 0.07%. S&P 500 futures gained 0.45%, and Nasdaq-100 futures rose…
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Tesla Shares Rise 11% Pre-Market; IBM Falls 4% on Lower-Than-Expected Revenue; Apple Prepares New Launches
Tesla (NASDAQ:TSLA) – The electric vehicle manufacturer reported earnings per share of $0.72, exceeding the estimated $0.58. Revenue was $25.18 billion, slightly below the expected $25.37 billion. Net income increased to $2.17 billion. Automotive revenue grew 2%, while energy generation surged 52%. CEO Elon Musk announced plans to launch autonomous transport services in California and…
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U.S. Stocks Move Sharply Lower Amid Rising Treasury Yields
Stocks came under pressure early in the session on Wednesday and saw further downside over the course of the trading day. The major averages all moved notably lower, with the Dow and the S&P 500 extending their losing streaks to three days. The major averages climbed off their worst levels late in the session but…