ADVFN US – Market Content Editor
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Bitcoin Surges on Positive Jobs Data; Coinbase to Delist Unlicensed Stablecoins in EU; Bitwise Launches BITC
Bitcoin reacts positively to US employment data Bitcoin (COIN:BTCUSD) rose about 2.3% on October 4, reaching an intraday high of $62,348.87 after US employment data exceeded expectations. 254,000 non-farm jobs were added in September, compared to the forecast of 147,000. The market responded optimistically, with both the S&P 500 and Nasdaq also rising. Inflation data…
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U.S. Employment Up More Than Expected
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of September. The Labor Department said non-farm payroll employment jumped by 254,000 jobs in September after climbing by an upwardly revised 159,000 jobs in August. Economists had expected employment to…
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Upbeat Jobs Data May Contribute To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside after showing a lack of direction over the two previous sessions. The futures climbed more firmly into positive territory following the release of a closely watched Labor Department repot showing much stronger than…
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U.S. Stocks Continue To Experience Choppy Trading Before Closing Modestly Lower
Following the lackluster performance seen during trading on Wednesday, stocks continued to experience choppy trading during Thursday’s session. The major averages once again spent the day bouncing back and forth across the unchanged line. The major averages eventually finished the day modestly lower. While the Nasdaq edged down 6.65 points or less than a tenth…
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Grayscale Launches Aave Fund; XRP Falls After SEC Appeal; Bitcoin ETFs See $52.9M in Outflows
Grayscale launches fund focused on Aave, boosting token Grayscale launched the Grayscale Aave Trust, a fund dedicated to the DeFi protocol Aave, providing exposure to the AAVE token (COIN:AAVEUSD) without needing direct purchase. Following the announcement, the AAVE token reached $143.51, despite a 15.3% drop the previous week. The Trust holds $150,000 in assets and…
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Levi Strauss, Wolfspeed Under Pressure; EVgo Soaring
Shares of Levi Strauss (NYSE:LEVI) are moving sharply lower in pre-market trading after the clothing company reported weaker than expected fiscal third quarter revenue and lowered its full-year revenue guidance. Chipmaker Wolfspeed (NYSE:WOLF) may also come under pressure after Mizuho downgraded its rating on the company’s stock to Underperform from Neutral. Meanwhile, shares of EVgo…
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First-Time Claims For Unemployment Benefit Up
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing an uptick by first-time claims for U.S. unemployment benefits in the week ended September 28th. The report said initial jobless claims rose to 225,000 last week, an increase of 6,000 from the…
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Looming Jobs Data May Lead To Another Choppy Trading Day
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to move back to the downside after ending yesterday’s lackluster session slightly higher. Ongoing concerns about rising tensions in the Middle East may weigh on Wall Street, although trading activity is likely to remain subdued ahead of…
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U.S. Stocks Close Slightly Higher Following Lackluster Session
After recovering from an early move to the downside, stocks showed a lack of direction over the course of the trading session on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing slightly higher. The Dow edged up 39.55 points or 0.1 percent to 42,196.52, the…
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Bitcoin Fluctuates Amid Middle East Tensions; Franklin Templeton Expands Fund to Aptos; Bitwise Files for XRP ETF
Bitcoin rises after drop, influenced by tensions in the Middle East Bitcoin (COIN:BTCUSD) rose above $61,500 after 10 PM on Tuesday, dipped below $61,000 by 09:30 AM on Wednesday, and hit an intraday high of $62,380 at 12 PM. Priced at $61,720, up 1.48% at the time of writing, Bitcoin fluctuated amid escalating conflict between…