ADVFN US – Market Content Editor

Bitcoin nears record with strong ETF inflows and bullish signals Bitcoin (COIN:BTCUSD) nearly reached $69,000, quoted at $68,740, a 2% increase in the last 24 hours. This week, Bitcoin rose 14.2%, surpassing gold and the S&P 500, but still below its all-time high of $73,700. Driven by strong inflows into spot ETFs, which recorded over…

After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September. The Commerce Department said housing starts fell by 0.5 percent to an annual rate of 1.354 million in September…

The major U.S. index futures are currently pointing to a mixed open on Friday, with the Nasdaq 100 and S&P 500 futures up by 0.5 percent and 0.2 percent, respectively, but the Dow futures down by 0.2 percent. The tech-heavy Nasdaq is likely to benefit from an advance by shares of Netflix (NASDAQ:NFLX), as the…

U.S. index futures rose in pre-market trading on Friday, with the three major indices on track for their sixth consecutive week of gains. At 05:18 AM, Dow Jones futures (DOWI:DJI) gained 26 points, or 0.06%. S&P 500 futures rose by 0.20%, and Nasdaq-100 futures advanced by 0.42%. The 10-year Treasury yield stood at 4.097%. In…

Bitcoin ETFs record $458 million in inflows on October 16 On October 16, 2024, Bitcoin ETFs recorded $458.54 million in net inflows. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led with $393.4 million. Other ETFs, including Wise Origin Bitcoin Fund (AMEX:FBTC), Bitwise Bitcoin ETF (AMEX:BITB), Franklin Templeton Digital Holdings Trust (AMEX:EZBC), and ARK 21Shares Bitcoin ETF (AMEX:ARKB),…

First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week’s revised level of 260,000. Economists had expected jobless claims to inch…

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen over the course of the previous session. Tech stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The upward…