ADVFN US – Market Content Editor
-
U.S. Stocks Close Slightly Higher Following Volatile Session
After trending lower during the past several sessions, stocks saw considerable volatility over the course of the trading day on Friday. The major averages swung back and forth across the unchanged line before eventually closing slightly higher. The tech-heavy Nasdaq inched up 13.77 points or 0.1 percent to 14,524.07, snapping a five-session losing streak. The…
-
Crypto: Long Queue for ETH Validators, VanEck Strengthens BTC with Developer Support, and More
Bitcoin surpasses its maximum price limit and the crypto market fluctuates Bitcoin (COIN:BTCUSD) recently exceeded its maximum price limit, while the total value of the cryptocurrency market remains supported. Simultaneously, the Internet Computer (COIN:ICPUSD) has resumed its parabolic upward trend, rising by 33.6% in the last 7 days. Another highlight on Friday was the record-breaking…
-
U.S. Employment Jumped More Than Expected
A closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 216,000 jobs in December after climbing by a downwardly revised 173,000 jobs in November. Economists had expected employment to…
-
Stronger Than Expected Jobs Data May Lead To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to extend the downward trend seen over the past several sessions. Concerns about the outlook for interest rates may continue to weigh on the markets following the release of a closely watched Labor Department report showing much stronger…
-
Gold Flat, Base Metals Down
Base metals were weaker and gold flat ahead of the nonfarm payrolls, with investors aiming to gauge how the Fed will approach monetary policy this year “With the data looking more promising, yesterday saw investors grow increasingly skeptical about the likelihood of a rate cut by March,” Deutsche Bank said.
-
Oil Edges Higher
Oil prices edged higher in Europe on persisting concerns over escalating tensions in the Middle East and disruptions to global supply. “There is still plenty of tension in the Middle East with Houthi rebels launching a sea drone in the Red Sea, [while] a U.S. air strike in Baghdad killed a commander of an Iranian-backed…
-
Dollar Up Ahead Of Jobs Data
The dollar rose ahead of the jobs data. Thursday’s ADP private payrolls and weekly jobless claims were better than expected and bond yields rose. “With [U.S.] money markets currently pricing 16bps of easing in March this year, there is still clearly some room for a further back-up in short-term rates,” ING said. This year’s trend…
-
Bond Yields Rise Again as Jobs Data Loom
Stock futures fell and Treasury yields continued to rise on Friday ahead of the December payrolls report. Expectations are for the Labor Department to report 170,000 nonfarm jobs were created last month, and for the unemployment rate to tick up a tenth to 3.8%. Hourly wages are seen rising by 0.3%. Economists at Goldman Sachs…
-
Wall Street Highlights: Google Rejects Union Negotiations, Exxon Mobil Announces $2.5 Billion Accounting Write-Down in California
U.S. index futures are registering a decline in pre-market trading this Friday, anticipating a crucial report on the job market as Wall Street seeks to overcome a lukewarm start to January. The three major indices are set to end nine consecutive weeks of gains, with the Nasdaq facing the biggest weekly drop, down 3.3%. At…
-
US Futures, European Stocks Down as Markets Await Key Economic Data
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.5% in morning trading. Millicom Intl Cellular climbed 4.2% and Auto1 Group added 2.1%. On the other…