ADVFN US – Market Content Editor
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Index Futures Rise on Jobs Report and Chevron, Exxon Earnings Anticipation; Oil Prices Surge
U.S. index futures rose in Friday’s pre-market, fueled by anticipation of key earnings reports from Chevron and Exxon Mobil, as investors awaited the crucial jobs report and the conclusion of the most intense week of S&P 500 earnings season. At 6:08 AM, Dow Jones futures (DOWI:DJI) rose 108 points, or 0.26%. S&P 500 futures gained…
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Amazon Up 6%, Atlassian Jumps 20%; Intel Posts Surprising Profit; Abbott Wins Infant Formula Lawsuit
Amazon (NASDAQ:AMZN) – Amazon exceeded expectations for the third quarter with earnings per share of $1.43, compared to the anticipated $1.14, and revenue of $158.88 billion, surpassing estimates of $157.2 billion. AWS performed slightly below expectations with revenue of $27.4 billion, while advertising rose 19% to $14.3 billion. Next quarter’s revenue projection between $181.5 billion…
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Negative Reaction To Microsoft, Meta Results Leads To Sell-Off On Wall Street
After moving sharply lower early in the session, stocks continued to see considerable weakness throughout the trading day on Thursday. The Nasdaq saw a particularly steep drop on the day amid a sell-off by technology stocks. The major averages saw further downside going into the close, ending the session near their worst levels of the…
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BTC and ETH Fall Today, Rise in October; MSTR Plans $42 Billion BTC Investment; Crypto.com Acquires Watchdog Capital
Bitcoin falls below $71,000 after PCE data, while Ethereum sees sharp drop Bitcoin (COIN:BTCUSD) fell below $71,000 late Thursday morning, trading at $70,360, a 2.8% drop over the last 24 hours. This movement was in response to September’s Personal Consumption Expenditures (PCE) index data, which did not spur any expected rise in the crypto market.…
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Personal Consumption Expenditures (PCE) Rose Slightly in September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve’s preferred readings on consumer price inflation. The report said the personal consumption expenditures (PCE) price index rose by 0.2 percent in September after inching up by 0.1 percent in August. The…
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Negative Reaction To Microsoft, Meta Results May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside after coming under pressure late in the previous session. A negative reaction to earnings news from tech giants Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) is likely to weigh on Wall Street early in the…
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U.S. Index Futures Decline; Oil Prices Rise on Strong Demand and OPEC+ Production Outlook
U.S. index futures fell in pre-market trading on Thursday, pressured by GDP readings that fell short of expectations, along with disappointing earnings reports from Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT). Reports on the Personal Consumption Expenditures (PCE) price index, a preferred inflation indicator by the Fed, and the October payroll report are highly anticipated as they…
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Microsoft and Meta Decline Up to 4%; Roku Falls 14% Amid Lower Estimates; Booking Surges 6%; Carvana Soars 20%
Microsoft (NASDAQ:MSFT) – Microsoft exceeded expectations in the first fiscal quarter with earnings per share of $3.30 (above the expected $3.10) and revenue of $65.59 billion (surpassing the estimated $64.51 billion). Microsoft’s Intelligent Cloud segment reported revenue of $24.09 billion, a 20% increase, slightly above StreetAccount’s expectation of $24.04 billion. Despite a 16% year-over-year revenue…
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U.S. Stocks Finish Choppy Trading Day Mostly Lower On Late-Day Weakness
Stocks showed a lack of direction throughout much of the session on Wednesday but came under pressure in the latter part of the trading day. The major averages spent most of the day bouncing back and forth across the unchanged before sliding more firmly into negative territory. After reaching a new record intraday high in…
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BlackRock ETF Reaches $30B in AUM; Starknet Hits Record 857 TPS; Polymarket Under Investigation for Wash Trading
Bitcoin ETFs see record day; BlackRock’s IBIT reaches $30 billion in assets under management On October 29, the 12 U.S. spot bitcoin ETFs saw $870 million in net inflows, marking one of the top 10 days since the ETFs’ inception. BlackRock’s (NASDAQ:IBIT) ETF recorded inflows of $642.87 million – its largest daily inflow in over…