Category: Include on Menu
-
Nasdaq Reaches Eight-Month Closing High But Dow Extends Losing Streak
Stocks came under pressure in early trading on Thursday but regained ground over the course of the session. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq rose 22.06 points or 0.2 percent to 12,328.51, its best closing level in over eight months.…
-
Crypto this Thursday: NY to Accept Stablecoin Bail, Justin Sun to Trade Memecoins, and More
Bail payments in New York can now be made using stablecoins New York is considering accepting dollar-pegged stablecoins as bail payments, according to a new bill introduced by state legislator Latrice Walker. The proposal aims to add fiat-backed stablecoins to the list of pre-existing methods of paying bail bonds, which includes cash, insurance bonds and credit…
-
Thursday’s Wall Street Highlights: PPI, Disney, Robinhood, Unity Software, Shell and more
US Index Futures were mixed with investors saying the Federal Reserve is likely to halt interest rate hikes due to inflation data cooling, as investors look further into economic data, the Producer Price Index and Initial jobless claims. By 8:40 AM, Dow Jones futures were down 110 points, or 0.33%. S&P 500 futures were down 0.05%,…
-
Futures Pointing To Mixed Open On Wall Street
US Market The major U.S. index futures are currently pointing to mixed open on Thursday, with the Dow futures down by 0.3 percent but the Nasdaq 100 futures up by 0.3 percent. A notable decline by shares of Disney (DIS) may weigh on the Dow, as the entertainment giant is tumbling by 5.8 percent in…
-
North American Morning Briefing: Stock Futures Edge up with PPI Data Ahead
Market Wraps Watch For: PPI for April; Weekly Jobless Claims; speeches by Fed’s Kashkari, Waller Today’s Headlines/Must Reads – Yellen Doubts Biden Administration Can Avoid Default Without Congress – Biden, Republicans Dig In on Debt Ceiling – China’s Consumer Inflation Slows to Lowest in Two Years – Energy Stocks in Doldrums After Last Year’s Big…
-
US Futures, European Stocks Rise
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 rose 0.5% in morning trading. SalMar added 6.1% and Diploma PLC climbed 5.9%. On the other…
-
Top Company News of the Day: SoftBank, Bayer, Syneos Health, Robinhood
SoftBank Group Posts $7.2B Loss, Hit by Tech Funds Woes SoftBank Group posted a fiscal-year net loss as losses from its technology funds business offset gains from the unwinding of its stake in Alibaba Group. Bayer Sees Guidance at Lower End of Range Bayer posted lower first-quarter earnings, with results weighed by inflation and an…
-
Nasdaq Shows Strong Upward Move Following Inflation Data, Dow Posts Modest Loss
After failing to sustain an initial move to the upside, stocks fluctuated over the course of the trading session on Wednesday. While the tech-heavy Nasdaq maintained a positive bias throughout the session, the S&P 500 spent the day bouncing back and forth across the unchanged line. The Nasdaq eventually showed a strong upward move on…
-
Crypto This Wednesday: Elon Musk Tweets a Milady, Tether Reports $1.48 Billion Q1 Profit
Elon Musk tweets an Milady NFT Twitter CEO Elon Musk boosted the collection of NFT Miladys on Wednesday, sharing a meme that featured an NFT avatar with the words “No meme, I love you.” This led to the collection becoming the biggest trend in the OpenSea NFT market, with the lowest price peaking at 7.3 ETH…
-
Positive Reaction To Inflation Data May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. The futures turned positive following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of April.…