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U.S. Stocks Extend Upward Move On Additional Encouraging Inflation Data
Stocks moved mostly higher during trading on Thursday, adding to the gains posted over the past few sessions. With the continued upward move, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year. The major averages gave back some ground going into the close but remained in positive…
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Crypto This Thursday: Binance Announces Hard Fork, Former Celsius CEO Arrested, and More
Europe prepares for the launch of the first Bitcoin ETF Europe is about to receive its first Bitcoin Exchange Traded Fund (ETF) after a twelve month delay. Jacob Asset Management Group initially gained Guernsey Financial Services Commission (GFSC) approval in October 2021, but has faced setbacks due to exceptional market conditions. The ETF, which was scheduled to…
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Futures Pointing To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward trend seen over the past several sessions. Additional buying interest may be generated in reaction to a Labor Department report showing producer prices in the U.S. inched up by slightly less than…
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Thursday’s Wall Street Highlights: Alphabet, Disney, Viasat, Pepsico, Delta, Tesla, and more
US Index Futures are operating higher on Thursday, as are European markets, with investors paying attention to US jobless insurance data and reacting to news of a trade surplus below expectations in China. By 6:58 AM, Dow Jones (DOWI:DJI) futures were up 62 points, or 0.18%. S&P 500 futures were up 0.33%, while Nasdaq-100 futures were up…
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North American Morning Briefing: Optimism Set to Continue as Focus Shifts to Earnings
Market Wraps Watch For: PPI for June; Weekly Jobless Claims; Federal Reserve Board Governor Christopher Waller speaks at Money Marketeers event; Earnings from Delta and PepsiCo Today’s Top Headlines/Must Reads: – The Bond Market Gets Less Scary – Is the Banking Crisis Over? We Could Be About to Find Out – China’s Drop in Exports…
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US Futures, European Stocks Gain on Hopes for End to US Rate Hikes
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Softcat climbed 5% and Diploma PLC added 4.7%. On the other…
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Top Company News of the Day: Disney, IMAX, xAI, Microsoft
Disney Extends CEO Robert Iger’s Contract Through 2026 The entertainment giant’s board unanimously voted to extend his contract by two years. IMAX Moves to Buy China Subsidiary IMAX said it has filed an offer to acquire its Hong Kong-based subsidiary for $124 million in cash in an attempt to benefit from growth opportunities in China.…
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Nasdaq, S&P 500 Reach Best Levels In Over A Year Following Inflation Data
Stocks moved mostly higher during trading on Wednesday, extending the upward move seen to start the week. With the continued advance, the Nasdaq and the S&P 500 ended the session at their best closing levels in over a year. The tech-heavy Nasdaq jumped 158.26 points or 1.2 percent to 13,918.96 and the S&P 500 climbed…
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Crypto This Wednesday: Aptos Tokens Unlocked, Coinbase Launches Encrypted Messaging Feature, and More
Bitcoin price rises after CPI data Bitcoin (COIN:BTCUSD) price rose to $31,000 after the release of US inflation data for June, which came in below expectations. The leading cryptocurrency has seen an increase of almost 18% over the last month. While slowing inflation may not stop the Federal Reserve from raising interest rates this month, some analysts believe…
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Tamer-Than-Expected Inflation Data May Lead To Extended Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the rebound seen over the two previous sessions. The futures saw a significant surge following the release of a highly anticipated Labor Department report showing consumer prices increased by less than expected in the…