ADVFN US – Market Content Editor
-
Crude Oil Futures Surge On Tensions In Middle East
Yesterday’s rocket attack by Iran on Israel has added to tensions in the Middle East, and this has driven oil prices sharply higher. There are fears to potential disruptions to supply, and crude oil futures are surging $2.04 to $71.87 a barrel after jumping $1.66 to $69.83 a barrel on Tuesday. The global oil market…
-
Private Sector Employment Up More Than Expected
Private sector employment in the U.S. increased by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 143,000 jobs in September after rising by an upwardly revised 103,000 jobs in August. Economists had expected private sector employment to…
-
Escalating Middle East Tensions May Continue To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the steep drop seen on Tuesday. Concerns about escalating tensions in the Middle East may continue to weigh on Wall Street following Iran’s ballistic missile attack against Israel on Tuesday. While Iran has…
-
Middle East Concerns Contribute To Weakness On Wall Street
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Tuesday but remained firmly negative. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq leading the way lower. The Nasdaq (NASDAQI:COMP) tumbled 278.81 points or 1.5 percent to 17,910.36,…
-
XRP Tests RLUSD; Jesse Pollak Takes Over Base & Coinbase Wallet; Changpeng Zhao Released
XRP sees increased interest with RLUSD stablecoin tests Open interest in XRP derivative contracts has recently surged, driven by the testing phase of RLUSD, a Ripple Labs stablecoin. Significant RLUSD minting signals development progress, sparking speculation on social media. XRP (COIN:XRPUSD) rose 3.3% over seven days. Trading volumes soared, with Binance and Bybit accounting for…
-
Ford, Google Strong; HP Weak
Shares of Ford (NYSE:F) are seeing notable pre-market strength after Goldman Sachs upgraded its rating on the automaker’s stock to Buy from Neutral. Google parent Alphabet (NASDAQ:GOOGL) may also move to the upside after Pivotal initiated coverage of the company’s stock with a Buy rating. On the other hand, shares of HP Inc. (NYSE:HPQ) may…
-
Manufacturing Activity, Construction Spending Reports Due
At 10 am ET, the Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of September. The ISM’s manufacturing PMI is expected to inch up to 47.5 in September from 47.2 in August, but a reading below 50 would still indicate contraction. The Labor Department is also due…
-
Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending Monday’s choppy trading session mostly higher. Uncertainty about the near-term outlook for the markets may keep some traders on the sidelines following a strong September, which is historically a…
-
U.S. Stocks Finish Choppy Trading Day Mostly Higher
Stocks showed a lack of direction over the course of the trading session on Monday before eventually ending the day mostly higher. The major averages all finished the day in positive territory following the mixed performance seen last Friday. The Dow (DOWI:DJI) inched up 17.15 points or less than a tenth of a percent to…
-
Bitcoin Defies Historic Lows With September Rally; Bithumb Plans IPO; Matrixport Acquires Crypto Finance
Bitcoin falls on Monday but maintains positive performance for the month Bitcoin (COIN:BTCUSD) and related stocks, such as Coinbase Global (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR), are down on Monday. After reaching a high of $66,566.28 last week, Bitcoin is down 3.3% at the time of writing, sitting at $63,450. The drop was triggered by several factors.…