Category: Top Story
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Tick Up Ahead of Services Data, Applied Materials Slides
U.S. stock futures were slightly higher Friday as traders appeared unfazed by the ongoing government shutdown, which has delayed the release of several critical economic reports. Investors are now focusing on private-sector indicators to gauge the health of the services sector, while corporate developments also impacted after-hours trading. Shares of Applied Materials (NASDAQ:AMAT) fell after…
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Oil Jumps 1% After U.S. Refinery Fire, Set to End Four-Day Slide
Crude oil prices climbed 1% on Friday, rebounding from four consecutive days of losses after a fire broke out at one of the largest refineries on the U.S. West Coast. Despite Friday’s gains, oil remains on track for its steepest weekly decline since late June. Brent futures rose 61 cents, or 1%, to $64.73 a…
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Dollar drifts lower in calm trading; euro posts modest gains
The U.S. dollar edged down on Friday as markets remained subdued amid the U.S. government shutdown and ongoing speculation over potential Federal Reserve rate cuts. By 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against six major currencies, dipped 0.1% to 97.475, slipping after posting gains in the prior session. Shutdown dampens…
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Gold Holds Steady Near Record Highs as Risk Appetite Persists
Gold prices pulled back slightly in Asian trading on Friday, erasing some of their weekly gains as investors continued to favor riskier assets despite concerns over the ongoing U.S. government shutdown. Optimism about AI developments and expectations for further U.S. interest rate cuts kept equity markets buoyant, with Wall Street indices reaching fresh record highs.…
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Google to Invest $4 Billion in Arkansas Data Center, Boost Local Jobs
Google (NASDAQ:GOOG) has unveiled plans to build a $4 billion data center in Arkansas, marking its first facility in the state and representing one of the largest tech investments in the region. The new campus will occupy more than 1,000 acres in West Memphis and will be powered by Entergy Arkansas, according to the company.…
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Carriage Services Shares Climb After Raymond James Begins Coverage
Carriage Services (NYSE:CSV) shares rose 5% on Thursday following the launch of analyst coverage by Raymond James, which assigned an Outperform rating and set a price target of $60. The upbeat market response came as Parker Snure described the company as “an interesting turnaround story under the new management team” in his initiation note. The…
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Nanobiotix Shares Surge After Encouraging Esophageal Cancer Study Results
Nanobiotix (NASDAQ:NBTX) shares rose 11.6% on Thursday after the biotech firm reported promising preliminary findings from a Phase 1 trial evaluating JNJ-1900 (NBTXR3) in patients with esophageal cancer. The late-stage clinical company said the treatment was well-tolerated and that injections were feasible in 13 patients with locally advanced esophageal adenocarcinoma. The study demonstrated an 85%…
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CME Group to Launch 24/7 Crypto and Options Trading in Early 2026
CME Group (NASDAQ:CME) revealed plans to introduce round-the-clock trading for cryptocurrency futures and options starting in early 2026, pending regulatory clearance. The exchange said the move is intended to meet growing client demand for continuous access to digital asset markets. “While not all markets lend themselves to operating 24/7, client demand for around-the-clock cryptocurrency trading…
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Cryptocurrency Market Climbs on Expectations of Fed Rate Cut; ZCash, Ethena, DeXe, and Monero Lead Gains
Cryptocurrencies rallied strongly Thursday morning as investors bet on a potential Federal Reserve interest rate cut in October. The total market capitalization of digital assets increased 2.6% to $4.1 trillion, with daily trading volume ticking up nearly 1% to $188 billion. The CME FedWatch tool now signals a full 100% probability of a rate reduction…
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Tesla Surpasses Q3 Delivery Forecasts with Record 497,099 Vehicles
Tesla (NASDAQ:TSLA) shares rose about 3% in premarket trading after the electric car manufacturer exceeded Wall Street’s expectations for third-quarter deliveries. The company reported delivering a record 497,099 vehicles, surpassing the Bloomberg consensus estimate of 439,600. Production for the quarter totaled 447,450 vehicles, slightly below the projected 450,313 and down 4.8% compared with the same…