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US mortgage applications down 0.7%
Mortgage applications in the United States decreased by 0.7% on a seasonally adjusted basis for the week ending March 22, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey showed on Wednesday. Further details from the report indicate a slight decline in the Purchasing Index, which fell from 146.0 to 145.7 points. The Mortgage Market…
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U.S. Stock Index Futures Point to a Rebound, Oil See Declines in Early Trading
U.S. index futures indicate an uptrend in pre-market trading on Wednesday, bouncing back after a previous unfavorable session that further distanced the indices from reaching their record levels. At 05:57 AM, Dow Jones futures (DOWI:DJI) rose 145 points, or 0.37%. S&P 500 futures advanced 0.34%, and Nasdaq-100 futures gained 0.36%. The 10-year Treasury yield was…
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GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News
GameStop (NYSE:GME) – GameStop reported $1.79 billion in revenue for the fourth quarter, which is less than the $2.23 billion earned in the same quarter of the previous year. However, the company announced an adjusted earnings per share of 22 cents, compared to the previous year’s 16 cents per share. Shares of the video game…
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U.S. Stocks Close Modestly Lower Following Late-Day Pullback
Stocks saw modest strength throughout much of the trading day on Tuesday before coming under pressure in the final hour of the session. The major averages all moved to the downside, finishing the day in negative territory. After climbing by more than 100 points earlier in the day, the Dow (DOWI:DJI) ended the session down…
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SWIFT Innovates in CBDC Solutions, SEC Imposes Billion-Dollar Fine on Ripple Labs, Tether Ventures into AI, and Latest News
Bitcoin swung to over $71,000 in anticipation of the halving Bitcoin (COIN:BTCUSD) climbed to over $71,000 on Tuesday morning, marking a weekly peak, as we approach the anticipated block reward halving. After briefly hitting the mark of $71,582.96, the price retreated and stabilized around $70,181.55 at the time of writing. The appreciation comes amidst a…
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New U.S. Manufactured Goods Orders Increased; Major Metropolitan House Prices Report Due
Partly reflecting a rebound in orders for transportation equipment, the Commerce Department released a report on Tuesday showing a notable increase in new orders for U.S. manufactured durable goods in the month of February. The report said durable goods orders jumped by 1.4 percent in February after plummeting by a revised 6.9 percent in January.…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move back to the upside following the modest weakness seen on Monday. Optimism about the outlook for interest rates may inspire renewed buying interest on Wall Street following the Federal Reserve’s monetary policy announcement last week. While…
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U.S. Index Futures on the Rise, Oil Prices Show Stability
U.S. index futures are showing an uptrend in pre-market trading this Tuesday, with investors keen on driving a recovery that had previously lifted stocks to their all-time highs, looking to reverse the losses seen in the previous session. At 06:19 AM, Dow Jones futures (DOWI:DJI) rose 103 points, or 0.26%. S&P 500 futures advanced 0.40%,…
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Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News
Super Micro Computer (NASDAQ:SMCI) – An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated Overweight, JPMorgan analyst Samik Chatterjee justifies the “premium valuation” due to the rapid growth of the artificial intelligence server market. SMCI shares are up…
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U.S. Stocks Show Modest Move To The Downside
After an early move to the downside, stocks fluctuated over the course of the trading session on Monday but largely maintained a negative bias. The major averages all finished the day lower after ending last Friday’s trading mixed. The tech-heavy Nasdaq (NASDAQ:COMP) fell 44.35 points or 0.3 percent to 16,384.47, pulling back off the record…