ADVFN US – Market Content Editor
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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…
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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.…
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Nio, CVS Health Should Rise; Stellantis Weak
U.S.-listed shares of Nio (NYSE:NIO) are moving sharply higher in pre-market trading after the Chinese electric vehicle maker announced a 13.3 billion yuan investment in Nio China from strategic investors. Healthcare company CVS Health (NYSE:CVS) may also see initial strength after a report from the Wall Street Journal said hedge fund Glenview Capital Management will…
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Middle East Tensions, Profit Taking May Weigh On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to move to the downside following the mixed performance seen last Friday. Concerns about rising Middle East tensions may weigh on Wall Street after Israel launched deadly airstrikes on targets in the heart of Lebanon’s capital Beirut…
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Dow Reaches Record Closing High But Nasdaq, S&P 500 Give Back Ground
Stocks turned in a mixed performance during trading on Friday, with the major averages ending the day on opposite sides of the unchanged line. The Dow rose to a new record closing high, but the Nasdaq and the S&P 500 gave back ground. While the Dow pulled back well off its highs of the session,…
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Bitcoin Surges as US PCE Drops; MicroStrategy ETFs See Rising Investor Demand, and Latest in Crypto
Bitcoin reacts to PCE data Bitcoin (COIN:BTCUSD) reached an intraday high of $66,550 on Friday and is currently trading at $65,566, a 0.6% increase over the past 24 hours. This rise followed the release of U.S. inflation data, with the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred measure, dropping to 2.2% in August,…
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Crude Oil Futures Inching Up, Gold Futures Edging Down
Crude oil futures are inching up $0.03 to $67.70 a barrel after plunging $2.02 to $67.67 a barrel on Thursday. Meanwhile, after climbing $10.20 to $2,694.90 an ounce in the previous session, gold futures are edging down $2.90 to $2,692 an ounce. On the currency front, the U.S. dollar is trading at 142.87 yen versus…
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U.S. Consumer Prices Rise As Expected
Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The…
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Futures Edge Higher Following Closely Watched Inflation Data
The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to add to the gains posted in the previous session. The futures edged higher following the release of closely watched readings on U.S. consumer price inflation in the month of August. The Commerce Department said its personal…
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U.S. Stocks Move Higher On Micron News, Upbeat Economic Data
Following the pullback seen in the previous session, stocks moved back to the upside during trading on Thursday. The major averages gave back ground after an early rally but managed to end the day firmly into positive territory. The S&P 500 (SPI:SP500) rose 23.11 points or 0.4 percent to a new record closing high of…