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Dow Reaches New Record Closing High But Nasdaq, S&P 500 Give Back Ground
Stocks showed a lack of direction over the course of the trading session, with the major averages bouncing back and forth across the unchanged before eventually closing narrowly mixed. The Nasdaq and the S&P 500 had been poised to set new record closing highs but pulled back into negative territory in afternoon trading. While the…
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Teva Pharmaceutical, Urban Outfitters Upgraded
Shares of Teva Pharmaceutical (NYSE:TEVA) are seeing significant pre-market strength after Piper Sandler upgraded its rating on the pharmaceutical company to Overweight from Neutral. Retailer Urban Outfitters (NASDAQ:URBN) may also move to the upside after UBS upgraded its rating on the company’s stock to Neutral from Sell. On the other hand, shares of Big Lot…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction after trending higher over the past several sessions. Traders may take a breather following the recent strength on Wall Street, which lifted the S&P 500 to a new record closing high…
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S&P 500 Closes Above 5,000 As Tech Stocks Rally
With technology stocks leading the charge, stocks moved mostly higher over the course of the trading session on Friday. The major averages extended a recent upward trend, with the S&P 500 closing above 5,000 for the first time ever. The tech-heavy Nasdaq posted a standout gain, surging 196.95 points or 1.3 percent to 15,990.66 and…
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Bitcoin Breaks $47K Barrier, COTI’s Surge with MPC Protocol, and Latest Updates
Bitcoin reaches new highs with massive entry into ETFs Bitcoin (COIN:BTCUSD) experienced a strong momentum as it surpassed $47,000, driven by one of the largest net entries into ETFs in the US since its inception. After reaching a peak of $47,699, there was a brief sell-off, but prices stabilized again above $47,200, with a 4.4%…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the modest gains seen at the close of yesterday’s lackluster session. The markets appear poised to extend their recent upward trend, which has lifted the Dow and the S&P 500 to new record highs. With…
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U.S. Index Futures Edge Higher, Oil Prices Show Modest Movements
In the pre-market on Friday, U.S. index futures are slightly up, after the S&P 500 closed just under 3 points below the key threshold of 5,000 the day before. At 05:32 AM, the futures of the Dow Jones (DOWI:DJI) rose 6 points, or 0.02%. The S&P 500 futures rose 0.10% to 5,023.00 points, and the…
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Cloudflare Skyrockets 26% Pre-Market; Expedia Plunges 14% After CEO Resignation, and More
Alphabet (NASDAQ:GOOGL) – Google has renamed its chatbot Bard to Gemini, powered by a new artificial intelligence. Consumers can pay $19.99/month for Gemini Advanced, which includes a more powerful AI model and two terabytes of cloud storage, competing with Microsoft (NASDAQ:MSFT). Amazon (NASDAQ:AMZN) – Amazon and BMW triumphed in an action against sellers of counterfeit…
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S&P 500 Peeks Above 5,000 But Closes Slightly Below Key Level
Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Thursday. Despite the choppy trading, the S&P 500 and the Dow reached new record closing highs. The major averages all finished the day modestly higher. The Dow inched up 48.97 points or…
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Bitcoin Surges Past $45K, Coinbase Spotlights $74 Billion Blockchain Savings, and Latest Crypto News
Bitcoin surpasses $45,000 on Thursday In the last 24 hours, Bitcoin (COIN:BTCUSD) has crossed the $45,000 mark, coinciding with the historical peak of US stock market indices. Fernando Pereira, an analyst at Bitget, shared his view on Bitcoin’s immediate future, highlighting two potential paths: “I see 2 possibilities for the short term in BTC. Failing…