ADVFN US – Market Content Editor
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US Index Futures Steady; Oil Prices Drop, Erasing Last Week’s Gains
U.S. index futures show slight variation in Monday’s pre-market, reflecting investor caution ahead of corporate earnings reports. Expectations for earnings to drive new records are tempered by uncertainties surrounding elections, Fed decisions, and geopolitical issues. As of 05:08 AM, Dow Jones futures (DOWI:DJI) fell 24 points, or 0.06%, while S&P 500 futures rose 0.11%, and…
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TSMC To Exceed Profits, Plans European Factories; Boeing Cuts 17,000 Jobs; Berkshire Boosts Sirius XM Stake
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC is planning new factories in Europe focused on AI chips after starting construction on its first plant in Dresden, Germany. According to Wu Cheng-wen of TSMC, the company is considering further expansion in Europe, but there is no specific timeline. TSMC is already investing $65 billion in three…
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Positive Reaction To Inflation Data, Bank Earnings Leads To Strength On Wall Street
Following the modest pullback seen in the previous session, stocks showed a strong move back to the upside during trading on Friday. The major averages more than offset yesterday’s losses, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…
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Bitcoin Above 62K; Justin Sun Elected Prime Minister of Liberland; Data Breach Affects 77,000 Fidelity Customers
Bitcoin surpasses $62K Bitcoin (COIN:BTCUSD) briefly fell below $59,000 last night before quickly recovering to $61,000, forming a “V” pattern. Historical data shows that these 30-minute recoveries often precede larger gains or stable trading, with few subsequent drops. This quick recovery has been repeatedly observed since August, indicating stability or potential upward momentum. Bitcoin’s price…
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U.S. Producer Prices Unexpectedly Unchanged
With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September. The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in…
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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 Friday, with stocks likely to show a lack of direction after ending the previous session modestly lower. The futures remained little changed after the Labor Department released a report showing producer prices in the U.S. were unexpectedly unchanged in September. The…
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U.S. Index Futures Dip Ahead of Bank Earnings and Inflation Report
U.S. index futures slightly declined in pre-market trading on Friday, as investors await today’s quarterly results from major banks like JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC), and wholesale inflation data that could influence the likelihood of a rate cut. Market sentiment is cautious ahead of an uncertain weekend. China is expected to announce new…
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BP Signals Rising Net Debt; Tesla Slumps; Stellantis CEO Announces Retirement; Berkshire Trims BofA Stake, and More
BP Plc (NYSE:BP) – BP expects a net debt increase in Q3 due to lower refining margins and changes in asset sale timing. The company faces reduced earnings of up to $600 million, signaling a weaker outlook for the oil industry amid concerns about China’s demand. Shares fell 1.0% pre-market. Tesla (NASDAQ:TSLA) – Elon Musk…
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U.S. Stocks See Modest Weakness Following Inflation Data
After turning in a strong performance in the previous session, stocks saw modest weakness during trading on Thursday. The major averages all gave back ground, with the Dow and the S&P 500 pulling back off yesterday’s record closing highs. The major averages moved to the upside going into the close of trading but remained in…
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U.S. Consumer Prices Up More Than Expected
Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increase seen in August. Economists had expected consumer prices to inch up…