Category: Latest News
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Dow Closes Higher For Eighth Consecutive Session
Stocks moved to the upside early in the session on Friday but showed a lack of direction over the remainder of the trading day. The major averages eventually ended the day mixed, although the Dow closed higher for the eighth consecutive session. While the tech-heavy Nasdaq (NASDAQI:COMP) edged down 5.40 points or less than a…
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Weekly Surge for Render and Toncoin, US Bancorp Expands Bitcoin ETF Investments, and More in Crypto
Sudden Bitcoin drop after unfavorable economic data and comments from the Dallas FED The price of Bitcoin (COIN:BTCUSD) dropped by -4.1% over the past 24 hours, trading at $60,480, reversing a peak that led the cryptocurrency to reach $63,500. This volatility was triggered by below-expectation US economic data and concerning statements from Dallas Fed President…
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Interest Rate Optimism May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the advance seen over the course of the previous session. The markets may continue to benefit from renewed optimism about the outlook for interest rates, which has helped drive the Dow to a seven-day winning streak.…
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Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News
Novavax (NASDAQ:NVAX), Sanofi (NASDAQ:SNY) – Novavax closed a $1.4 billion deal with Sanofi to commercialize its Covid-19 vaccine and develop a new combined vaccine against coronavirus and influenza, boosting NVAX shares by 56.70% in pre-market. The deal led Novavax to suspend its continuity warning, reversing its previous financial decline. Apple (NASDAQ:AAPL) – Apple plans to…
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JFrog and Akamai Drop Over 10% Despite Strong Profits; Sweetgreen, Array, SoundHound Surge, and More in Earnings
Akamai Technologies (NASDAQ:AKAM) – Akamai shares fell 10.8% in pre-market, influenced by a disappointing projection for the second quarter. The company estimated adjusted earnings between $1.51 and $1.56 per share, with revenues expected between $967 million and $986 million. In contrast, analysts surveyed by LSEG had expected earnings of $1.63 per share and revenue of…
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U.S. Futures and Global Markets Climb Amid Sustained Optimism
U.S. futures are trading higher in pre-market this Friday, after the Dow Jones extended its streak of gains to seven sessions yesterday. As of 7:05 AM, Dow Jones futures (DOWI:DJI) were up 100 points, or +0.25%. S&P 500 futures advanced 0.32%, and Nasdaq-100 futures gained 0.41%. The yield on 10-year Treasury notes was at 4.465%.…
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U.S. Stocks Move Mostly Higher, Dow Extends Winning Streak To Seven Days
Following the lackluster performance seen over the two previous sessions, stocks moved mostly higher during trading on Thursday. The Dow extended its winning streak to seven sessions, once again reaching its best closing level in over a month. The major averages ended the day just off their highs of the session. The Dow jumped 331.37…
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Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News
Bitcoin hovers at $62K amid favorable macroeconomic data On May 9, Bitcoin (COIN:BTCUSD) is showing signs of recovery as new U.S. macroeconomic data revealed an unexpected rise in unemployment claims, hitting a nine-month high. At last check, the cryptocurrency was up 1.4% over the last 24 hours at $62,038. This situation is generating expectations of…
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First-time U.S. Benefit Claims Rose More Than Expected
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week’s revised level of 209,000. Economists had expected jobless claims…
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Choppy Trading Likely To Persist On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to extend the lackluster performance seen over the two previous sessions. The futures had been pointing to a modestly lower open but regained ground following the release of a report from the Labor Department showing a much…