Category: Latest News
-
Dollar Slips Lower
The dollar edged lower and it could struggle to rise unless concerns resurface that U.S. interest rates are likely to remain higher for longer and rate-cut expectations are trimmed back again, UniCredit Research said. “A return of market expectations towards a high-for-longer scenario in terms of U.S. policy rates is needed to provide the greenback…
-
Wall Street Highlights: Sony Abandons Billion-Dollar Merger, SolarEdge Announces 16% Workforce Reduction, and More
In Monday’s pre-market, U.S. stock indices indicate a positive opening, reflecting investor optimism ahead of important economic reports to be released this week. Attention is focused on GDP data on Thursday and personal consumption expenditures prices on Friday, while the Wall Street earnings season promises to be bustling, with major technology companies about to release…
-
US Futures, European Stocks Rise After U.S. Tech-Driven Rally
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.7% in morning trading. Kindred Group SDR rose 17% and S4 Capital rose 8.9%. On the other…
-
Top Company News of the Day: Exxon, Macy, ADM, FDJ
Exxon Sues Two ESG Investors The oil giant says Arjuna Capital and Follow This want Exxon’s oil-and-gas business to shrink, putting them at odds with shareholders. Investor Threatens to Take Macy’s Offer to Shareholders Arkhouse says is will take all “necessary steps” to strike a deal for the famed department-store owner if talks fail to…
-
Dow, S&P 500 Reach Record Closing Highs As Tech Stocks Extend Rally
Stocks moved sharply higher over the course of the trading session on Friday, adding to the strong gains posted during Thursday’s session. With the continued upward move, the Dow and the S&P 500 set new record closing highs, while the tech-heavy Nasdaq reached its best closing level in two years. The major averages all close…
-
Crypto: BTC Dips Below $41,000, UMA Token Surges 112%, and More
Widespread fall in the cryptocurrency market: Bitcoin drops to the level of US$40,000 The cryptocurrency market faced a sharp drop, with bitcoin (COIN:BTCUSD) falling below US$41,000. At the time of writing, Bitcoin was trading down 1.6% at $40,608. Ether (COIN:ETHUSD) also followed the downward trend, declining by 1.3% to US$2,434. This devaluation affected the entire…
-
Home Sales, Consumer Sentiment Reports Due
The National Association of Realtors is scheduled to release its report on existing home sales in the month of December at 10 am ET. Existing home sales are expected to come in unchanged in December after climbing by 0.8 percent to an annual rate of 3.82 million in November. Also at 10 am ET, the…
-
Optimism About Tech Earnings May Lead To Continued Advance On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the notable upward move seen over the course of the previous session. Technology stocks may see continued strength after helping lead the advance on Thursday, when the tech-heavy Nasdaq surged by 1.4 percent. Optimism about the…
-
Gold And Base Metals Higher
Base metals were higher as the dollar eased back and gold made gains on heightened geopolitical risks. “But waning market expectations of early rate cuts by the Fed and a rebound in the USD are likely to limit the upside,” ANZ Research said.
-
Crude Futures Up
Crude futures inched higher as extreme cold disrupts U.S. oil production and Middle East tensions grow following more U.S. strikes against Houthi anti-ship missiles. “Sustained disruptions to Red Sea flows will increase the pressure on energy markets over time,” BMI Research said. Yet, “energy-price action has been fairly muted in response to the crisis.” According…