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US Futures Climb on Earnings; Oil Soars Amid Middle East Conflict
U.S. index futures rose in pre-market trading Thursday, buoyed by strong third-quarter earnings. This follows three straight days of declines for the Dow and S&P 500, pressured by the recent surge in 10-year Treasury yields. At 05:15 AM, Dow Jones futures fell 29 points, or 0.07%. S&P 500 futures gained 0.45%, and Nasdaq-100 futures rose…
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Tesla Shares Rise 11% Pre-Market; IBM Falls 4% on Lower-Than-Expected Revenue; Apple Prepares New Launches
Tesla (NASDAQ:TSLA) – The electric vehicle manufacturer reported earnings per share of $0.72, exceeding the estimated $0.58. Revenue was $25.18 billion, slightly below the expected $25.37 billion. Net income increased to $2.17 billion. Automotive revenue grew 2%, while energy generation surged 52%. CEO Elon Musk announced plans to launch autonomous transport services in California and…
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U.S. Stocks Move Sharply Lower Amid Rising Treasury Yields
Stocks came under pressure early in the session on Wednesday and saw further downside over the course of the trading day. The major averages all moved notably lower, with the Dow and the S&P 500 extending their losing streaks to three days. The major averages climbed off their worst levels late in the session but…
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Nigeria Releases Tigran Gambaryan; Bitcoin ETFs End 7-Day Streak of Inflows; BTC Hashrate Surpasses 700 EH/s
Nigeria drops money laundering charges against Binance executive The Nigerian government dropped money laundering charges against Binance executive Tigran Gambaryan, days after a court denied his bail. Gambaryan, detained since February, faces severe health issues, including malaria. The charges were dropped to allow him to seek medical treatment abroad, although the case against Binance continues.…
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Futures Pointing To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move back to the downside after recovering from early weakness to end the previous session roughly flat. The downward momentum on Wall Street comes amid a continued increase by treasury yields, which have moved sharply higher over…
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McDonald’s Faces E. Coli Outbreak; Qualcomm Loses Licensing Dispute with Arm; Texas Instruments Stock Surges
McDonald’s (NYSE:MCD) – A U.S. investigation into an E. coli outbreak focuses on McDonald’s Quarter Pounder hamburgers. The company has suspended the use of fresh onions and beef patties in certain states. Health authorities are working to identify the contaminated ingredient. Arm Holdings (NASDAQ:ARM), Qualcomm (NASDAQ:QCOM) – Arm canceled its licensing agreement with Qualcomm, which…
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US Futures Fall Amid Treasury Yield Surge and Earnings; Oil Prices Dip as U.S. Crude Inventories Rise
U.S. index futures declined in pre-market trading on Wednesday. Investors are focusing on rising 10-year Treasury yields, statements from central bank policymakers, and today’s financial results from major companies. As of 05:21 AM, Dow Jones futures (DOWI:DJI) dropped 151 points or 0.35%. S&P 500 futures lost 0.14%, and Nasdaq-100 futures fell 0.23%. The 10-year Treasury…
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U.S. Stocks Recover From Early Weakness To Close Little Changed
After coming under pressure early in the session, stocks regained ground over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day before ending the day little changed. The major averages moved to the downside going into the close, finishing narrowly mixed. While the Nasdaq…
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Supply Increase Pressures Ethereum; Chainlink Launches Protocol for Transaction Privacy
Ethereum supply increase could push price downward Last week, 7,728 Ethereum tokens (COIN:ETHUSD) were added to circulation, raising the supply to 120.39 million ETH, the highest in six months. This increase, without corresponding demand, could pressure the price downward. Ethereum network activity also fell by 3%, negatively affecting transaction fees. ETH is currently priced at…
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Higher Treasury Yields May Lead To Extended Pullback On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Tuesday, with stocks likely to see further downside after ending the previous session mostly lower. Renewed concerns about the outlook for interest rates may weigh on Wall Street following a recent surge by U.S. treasury yields. The yield on the benchmark ten-year note…