Category: Include on Menu
-
U.S. Stocks Rally As Economic Data Eases Interest Rate Concerns
Following the mixed performance seen in the previous session, stocks moved sharply higher over the course of the trading day on Thursday. The Nasdaq and S&P 500 once again reached their best closing levels in over a year, while the Dow set to a six-month closing high. The major averages pulled back off their highs…
-
Crypto This Thursday: BlackRock Plans to Launch BTC ETF, New York Banned CoinEx, and More
BlackRock Plans to Launch Bitcoin ETF Amid Regulatory Investigations BlackRock (NYSE:BLK) is close to applying for a bitcoin ETF, using offline storage solution Coinbase Custody and market data from the cryptocurrency exchange, according to CoinDesk. This decision comes amid regulatory investigations into the cryptocurrency industry in the US. CoinEx banned from operating in New York and…
-
Renewed Interest Rate Concerns May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Renewed concerns about the outlook for interest rates are likely to weigh on Wall Street following the Federal Reserve’s monetary policy announcement…
-
Thursday’s Wall Street Highlights: Adobe, MicroVision, XPeng, Tesla, Citigroup and More
US Index Futures are operating at lows, still under the effect of signals from the Federal Reserve yesterday that new interest rate hikes are yet to come, and before the decision of the European Central Bank for the interest rate in the Euro Zone. By 7:00 AM, Dow Jones futures (DOWI:DJI) was down 73 points,…
-
North American Morning Briefing: Traders Digest Fed’s “Hawkish Pause”; ECB Decision Next
Market Wraps Watch For: Weekly Jobless Claims; Retail Sales for May; Industrial Production & Capacity Utilization for May; Canada Housing Starts for May Today’s Top Headlines/Must Reads: – After Surging Early in the Year, Retail Spending Could Be Cooling – Beijing Must Act to Avoid an ‘L-Shaped’ Future – Saudi Arabia Sought to Push Oil…
-
US Futures, European Stocks Fall Ahead of ECB Rate Decision
In the U.S., futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Orpea added 11.3% and H&M Hennes & Mauritz B rose 5.3%.…
-
Top Company News of the Day: Siemens, H&M, Twitter, Lennar
Siemens Plans Asia Production Expansion Siemens said it planned to invest EUR2 billion to boost manufacturing capacity this year to tap growth opportunities in digitalization and automation and after experiencing “significantly above-market growth.” H&M Sales Rise But Miss Forecasts H&M second quarter sales rose by 6% on year but were “flattish” in local currencies, affected…
-
Post-Fed Volatility Results In Mixed Close On Wall Street
Stocks saw substantial volatility following the Federal Reserve’s monetary policy announcement on Wednesday. The major averages showed wild swings back and forth across the unchanged line before eventually closing mixed. The Nasdaq climbed 53.16 points or 0.4 percent to13,626.48 and the S&P 500 inched up 3.58 points or 0.1 percent to 4,372.59, once again reaching…
-
Crypto this Wednesday: Binance ceases operations in Cyprus, Crypto Community on Reddit breaks record, and more
Bittrex in the US authorized to withdraw after court decision Bittrex customers in the US will be able to withdraw their assets after a court ruling. The cryptocurrency exchange had declared bankruptcy in May, but the US Department of Justice has opposed efforts to restore access, citing unpaid fines for sanctions violations. The court order allows looting…
-
Futures Pointing To Flat Open On Wall Street Ahead Of Fed Decision
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following a strong start to the week. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s highly anticipated monetary policy announcement this afternoon. While the…