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Bitcoin ETFs Attract $158 Million Inflows; MicroStrategy Expands Holdings by 7,420 BTC Purchase; PancakeSwap Unveils v4
Bitcoin ETFs in the US registered an inflow of $158.3 million on Thursday On September 19, Bitcoin ETFs saw a significant inflow of $158.21 million, marking a strong recovery from the previous day’s outflow of $52.7 million. The main contributors to this inflow were the Ark 21Shares Bitcoin ETF (AMEX:ARKB), attracting $81.07 million, and the…
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U.S. Stocks May Lack Direction Following Yesterday’s Rally
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following the rally seen in the previous session. Traders may take a breather following the surge during Thursday’s trading, which lifted the Dow and the S&P 500 to new record closing…
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U.S. Futures Dip After Fed Rate Cut Rally; Oil Prices Dip but Head for Second Weekly Gain
U.S. index futures are down in premarket trading this Friday, following a strong rally the previous day, fueled by the Federal Reserve’s interest rate cut and encouraging unemployment data. With no major economic events on the calendar, traders expect light trading activity today. As of 5:11 AM, Dow Jones futures (DOWI:DJI) fell 14 points, or…
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Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss
Nike (NYSE:NKE) – Elliott Hill, who started as an intern at Nike in 1988, will become the next CEO on October 14, replacing John Donahoe. Hill, with a 32-year career at Nike, is known for his work ethic and dedication. This change comes at a critical time, with the company facing declining sales and increasing…
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Optimism About Soft Landing Contributes To Rally On Wall Street
After ending Wednesday’s session moderately lower following late-day volatility, stocks moved sharply higher during trading on Thursday. The major averages all showed strong moves to the upside, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels late in the trading session but remained…
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Bitcoin Surges After Interest Rate Cut; Ethereum Divides Pectra into Two Phases; IBIT Reports Slower Inflows in September
Bitcoin surpasses $63,500 on Thursday The price of Bitcoin (COIN:BTCUSD) is up 3.3% to $63,705 at the time of writing, following the rise in stocks and gold, driven by the 0.5% interest rate cut by the Fed. The financial market is optimistic, with the S&P 500 reaching new highs on Thursday. Data shows that institutions…
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U.S. First-Time Unemployment Benefit Claims Fall Unexpectedly
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous week’s revised level of 231,000. Economists had expected jobless…
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Futures Pointing To Sharply Higher Open On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Thursday, with stocks likely to see an early rally after ending yesterday’s session moderately lower following late-day volatility. The considerable upward momentum on Wall Street comes as traders continue to digest the Federal Reserve’s decision on Wednesday to slash interest rates…
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U.S. Index Futures Rise After Fed Rate Cut; Oil Prices Climb
U.S. index futures rose in premarket trading on Thursday after the Federal Reserve unexpectedly cut interest rates by half a percentage point. At 5:31 AM ET, Dow Jones futures (DOWI:DJI) climbed 466 points, or 1.11%. S&P 500 futures gained 1.48%, and Nasdaq-100 futures advanced 1.96%. The 10-year Treasury yield stood at 3.698%. Today’s U.S. economic…
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AIG names new CFO; Progyny Drops 24% After Losing Key 2025 Contract; Exicure Jumps 190% With Nasdaq Extension
American International Group (NYSE:AIG) – AIG has appointed Keith Walsh as Executive Vice President and Chief Financial Officer, effective October 21. Walsh brings over 20 years of experience, having been CFO at Marsh and an equity analyst at Citi. He will succeed Sabra Purtill and report to CEO Peter Zaffino. Progyny (NASDAQ:PGNY) – Progyny announced…