ADVFN US – Market Content Editor
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U.S. First-Time Unemployment Claims, Retail Sales Both Unexpectedly Decline
First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended February 10th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 212,000, a decrease of 8,000 from the previous week’s revised level of 220,000. Economists had expected initial jobless claims to inch up…
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Futures Pointing To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to extend the rebound from Tuesday’s sell-off seen during Wednesday’s session. The futures edged higher following the release of a slew of U.S. economic data, including a Commerce Department report showing retail sales fell by much more…
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U.S. Futures Edge Higher Ahead of Key Economic Data Release, Oil Prices See Modest Declines
On Thursday morning, U.S. index futures indicate a modestly positive opening, in anticipation of the release of important economic indicators from the retail and industrial sectors. At 05:55 AM, the futures for the Dow Jones (DOWI:DJI) rose by 50 points, or 0.13%. The S&P 500 futures increased by 0.09%, and the Nasdaq-100 futures went up…
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Cisco Systems Stock Drops 5% Following Restructuring Plan, Berkshire Trims Apple Stake, and Latest News
Berkshire Hathaway (NYSE:BRK.A) – Berkshire Hathaway reduced its stake in Apple (NASDAQ:AAPL), selling 10 million shares, while holding over 905 million. It also increased its position in Chevron (NYSE:CVX), reduced it in HP (NYSE:HPQ), and Paramount Global (NASDAQ:PARA). The company kept investors guessing on what could be a major new investment by Warren Buffett. Nvidia…
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U.S. Stocks Show Significant Move Back To The Upside
Stocks showed a strong move back to the upside during trading on Wednesday, partly offsetting the sell-off seen in the previous session. The major averages all moved higher on the day, with the tech-heavy Nasdaq leading the rebound. After plunging by 1.8 percent Tuesday’s trading, the Nasdaq (NASDAQI:COMP) surged 203.55 points or 1.3 percent to…
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Crypto: Citi Tokenizes Blockchain Funds, Robinhood’s Crypto Revenue Surges by 10%, and Latest Updates
Bitcoin recovery boosts crypto stocks in the US A recent surge of Bitcoin (COIN:BTCUSD) above $51,000 has boosted the shares of crypto companies in the US, with Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR) among the beneficiaries. The increase propelled BTC to a market capitalization of $1 trillion, aligning it with giants like Meta (NASDAQ:META) and Amazon…
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Lyft, Robinhood Shares Strong
Shares of Lyft (NASDAQ:LYFT) are soaring in pre-market trading after the ride-hailing company reported better than expected fourth quarter results and provided upbeat guidance. Investing platform Robinhood (NASDAQ:HOOD) is also seeing significant pre-market strength after reporting fourth quarter results that exceeded analyst estimates on both the top and bottom lines. On the other hand, shares…
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Oil Inventories Report Due
At 10:30 am ET, the Energy Information Administration is scheduled to release its report on oil inventories in the week ended February 9th. Crude oil inventories are expected to increase by 2.6 million barrels after jumping by 5.5 million barrels in the previous week. Chicago Federal Reserve Bank President Austan Goolsbee is due to participate…
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Traders May See Yesterday’s Sell-Off As Buying Opportunity
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Traders may see the sharp pullback during Tuesday’s session as a buying opportunity amid ongoing optimism about the outlook for the markets. While yesterday’s inflation data further…
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U.S. Stocks Move Sharply Lower On Hotter-Than-Expected Inflation Data
Stocks moved sharply lower during trading on Tuesday, with the major averages all showing significant moves to the downside after ending Monday’s trading narrowly mixed. The Dow pulled back well off yesterday’s record closing highs. The major averages climbed off their worst levels going into the close but still posted steep losses on the day.…