ADVFN US – Market Content Editor
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Inflation Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground following the strong upward move seen in the previous session. The futures slid following the release of a highly anticipated Labor Department report showing consumer prices in the U.S. increased by slightly more than…
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U.S. Futures Fall Slightly as Investors Await CPI Data; Oil Prices Rise
U.S. index futures dipped slightly in premarket trading on Thursday, following gains in the previous session, as investors await September’s CPI data, which could influence Federal Reserve policy. Consumer price data is expected to show moderate inflation, hinting at smaller rate cuts. At 5:57 AM, Dow Jones futures (DOWI:DJI) were down 42 points, or 0.10%.…
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Tesla’s Robotaxi Day; GSK Settles 93% of Zantac Lawsuits; 10x Genomics Stock Drops on Revenue Forecast
Tesla (NASDAQ:TSLA) – Tesla’s sales in China increased by 19.2% in September, totaling over 72,000 electric vehicles sold, its best performance of the year. Deliveries of locally produced Model 3 and Model Y rose by 1.9% from the previous month. In Q3, Tesla recorded a 12% growth in sales of Chinese-made electric vehicles. BYD also…
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U.S. Stocks Close On Firm Note; Dow, S&P Post New Record Highs
U.S. stocks started off on a somewhat flat note on Wednesday, but gained in strength as the day progressed, as investors assessed the minutes of the Federal Reserve’s most recent policy meeting, and looked ahead to the nation’s consumer price and producer price inflation data for more clarity on interest-rate trajectory. The major averages all…
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SUI Jumps 109% in Monthly Surge; Stablecoins Reach Record Liquidity; Canary Capital Files XRP ETF
SUI reaches new all-time high, surpassing $8 billion market value The SUI ecosystem hit a new record in October, with its market value exceeding $8.54 billion. Of that total, SUI’s individual market value is about $5.38 billion, while First Digital USD (COIN:FDUSDUST) accounts for nearly $3 billion. SUI (COIN:SUIUSD) reached a new all-time high of…
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U.S. Stocks May Lack Direction Ahead Of Fed Minutes
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the strong upward move seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of the minutes of the Federal Reserve’s latest monetary…
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U.S. Index Futures Slide Slightly; Oil Prices Rise
U.S. index futures dipped slightly in pre-market trading Wednesday after a strong rally in the previous session. Investors are awaiting the Fed minutes and upcoming inflation and bank earnings reports this week, while optimism grows about a soft Fed landing following robust jobs data. At 5:28 AM ET, Dow Jones futures (DOWI:DJI) were down 58…
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Google Could Face Forced Spinoff; Rio Tinto Buys Arcadium for $6.7B; Boeing Suspends Union Talks
Alphabet (NASDAQ:GOOGL) – The U.S. Department of Justice is considering asking a judge to force Google to sell parts of its business to mitigate its search dominance, including Chrome and Android. The DOJ proposes measures to reduce Google’s dominance, which could impact revenues and benefit competitors. Google plans to appeal, calling the proposals “radical” and…
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U.S. Stocks Close On Firm Note; Nasdaq Rises 1.5 Percent
U.S. stocks moved higher on Tuesday, with technology stocks turning in a strong performance. Pushing geopolitical concerns and interest-rate uncertainty aside, investors picked up stocks, choosing to focus on the earnings season. The major averages all ended on a firm note. The Dow started off on a sluggish note and remained that way till midway…
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Bitcoin Struggles at $63K; Spot Bitcoin ETFs Gain $235M; Crypto.com Takes Legal Action Against SEC
Bitcoin faces selling pressure with resistance at $63,000 Bitcoin (COIN:BTCUSD), after reaching $64,448 on October 7, briefly dipped below $62,000, currently trading at $62,200, nearly unchanged over the last 24 hours. Selling pressure observed on Coinbase, along with China’s underwhelming economic stimulus, suggested a bearish outlook. The National Development and Reform Commission (NDRC) briefing lacked…