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U.S. Stocks End Mixed After Cautious Session
U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income & spending due later in the week. Among the major averages, the Dow closed higher, extending gains to a fifth straight session. The index ended up by 260.88 points or 0.67 percent…
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Bitcoin Drops to $60,000, Mt. Gox to Reimburse Creditors in July, Riot Platforms Board Restructures
Bitcoin drops to $60,000, lowest level in over a month The price of Bitcoin (COIN:BTCUSD) continued its decline, reaching a low of $59,668.41 on Monday. The cryptocurrency is down 4.5% at the time of writing, trading at $60,330.90. This is about 17% below its March record. Cryptocurrency investments have seen significant outflows in the past…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to extend the lackluster performance seen during last Friday’s session. Traders may be reluctant to make significant moves ahead of the release of some key U.S. economic data later in the week. On Friday, the Commerce Department…
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U.S. Index Futures Show Mixed Results, Oil Prices Edge Lower
U.S. index futures show mixed results this Monday, with markets entering the last week of June and the first half of 2024 near highs. Investors are focused on the release of the Personal Consumption Expenditures (PCE) index on Friday, the Federal Reserve’s preferred inflation gauge for guiding interest rate decisions. At 6:31 AM, Dow Jones…
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UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News
United Parcel Service (NYSE:UPS) – United Parcel Service will sell its Coyote Logistics unit to RXO for $1.025 billion. The transaction will be financed through equity and debt, including significant investments from MFN Partners and Orbis Investments. The sale allows UPS to focus more on its core business. Under Armour (NYSE:UAA) – Under Armour agreed…
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U.S. Stocks Close Mixed Following Lackluster Session
Following the mixed performance seen in the previous sessions, stocks showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow (DOWI:DJI) inched up 15.57 points…
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Standard Chartered Launches Bitcoin and Ether Trading Desk; Marathon Digital Heats Finnish City
Standard Chartered launches Bitcoin and Ether trading desk Standard Chartered (LSE:STAN) is debuting a Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD) trading desk in London, marking a significant milestone as one of the first major banks to offer these services directly. This initiative caters to growing institutional demand and reflects the bank’s positive outlook on cryptocurrencies. Complementing…
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Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains
Honeywell (NASDAQ:HON) – Honeywell announced the acquisition of CAES Systems for $1.9 billion, focusing on expanding its aerospace and defense technology operations. Under the leadership of CEO Vimal Kapur since June 2023, Honeywell seeks growth in automation, future aviation, and energy transition, consolidating its third major deal of the year. Sarepta Therapeutics (NASDAQ:SRPT) – The…
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U.S. Futures Decline Ahead of Triple Witching, Oil Prices Edge Lower
U.S. index futures are moderately lower in pre-market trading this Friday as Wall Street prepares for triple witching, a significant quarterly event. During this period, derivative contracts tied to stocks, index options, and futures all expire simultaneously, forcing traders to roll over their positions or open new ones. This can increase market volatility, with approximately…
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Dow Closes Firmly Positive But Nasdaq, S&P 500 Give Back Ground
Following a modest move to the upside early in the session, the major U.S. stock indexes moved in starkly opposite directions during trading on Thursday. While the Nasdaq and the S&P 500 pulled back off their early highs and into negative territory, the narrower Dow saw continued strength. The Dow ended the day up 299.90…