ADVFN US – Market Content Editor
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Tesla Rises 5% Pre-Market After Surpassing $1T Market Value; U.S. Bans TSMC From Selling Advanced Chips to China
Tesla (NASDAQ:TSLA) – On Friday, Tesla’s market capitalization surpassed $1 trillion following Donald Trump’s election, anticipated to support CEO Elon Musk’s business ventures, as he was a campaign supporter. Tesla closed last week with a 29% cumulative gain, with shares rising 5.2% pre-market after an 8.2% gain on Friday. Taiwan Semiconductor Manufacturing Co (NYSE:TSM) –…
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Bitcoin All-Time High – Cryptocurrency Races Past $81,500
Bitcoin’s (COIN:BTCUSD) price has risen above $80,000 for the first time, buoyed by the result of last week’s U.S. election which saw a decisive victory for Donald Trump. Other cryptocurrencies have also risen, including dogecoin (COIN:DOGEUSD) which Trump supporter Elon Musk has promoted. Trump is pro-cryptocurrency, and while on the campaign trail he promised to…
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U.S. Stocks See Further Upside, Reaching New Record Highs
Extending the substantial rally seen over the past few sessions, stocks moved mostly higher over the course of the trading day on Friday. With the continued upward move, the major averages all reached new record closing highs. The major averages pulled back off their best levels going into the close but remained in positive territory.…
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Oil Futures Tumble, Gold Futures Slipping
Crude oil futures are tumbling $1.22 to $71.14 a barrel after climbing $0.67 to $72.36 a barrel on Thursday. Meanwhile, after surging $29.50 to $2,705.80 an ounce in the previous session, gold futures are slipping $4.90 to $2,700.90 an ounce. On the currency front, the U.S. dollar is trading at 152.69 yen versus the 152.94…
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U.S. Stocks May Lack Direction Following Recent Strength
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after moving sharply higher over the past few sessions. Traders may take a breather following the recent surge on Wall Street, which has lifted the major averages to new record highs.…
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Nasdaq, S&P 500 Reach New Record Closing Highs, Dow Ends Nearly Unchanged
After moving sharply higher over the two previous sessions, stocks showed another strong move to the upside during trading on Thursday. With the continued advance, the Nasdaq and the S&P 500 reached new record closing highs. The tech-heavy Nasdaq led the charge, surging by 285.99 points or 1.5 percent to 19,269.46, while the S&P 500…
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Bitcoin Trades at All-Time High; Impact of Trump Victory, ETF Inflows, and New Blockchain Advances
Bitcoin ETFs see large inflows following Trump victory and record high Bitcoin (COIN:BTCUSD) rose by 1.35% over the last 24 hours, reaching $76,665.65, surpassing its previous record following Donald Trump’s election win. Investors are now eyeing a potential 25-basis-point rate cut by the Fed, with traders seeing a high probability of the reference rate falling…
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U.S. Labor Productivity Up Slightly Less Than Expected, Labor Costs Surge
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a…
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Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks poised add to the substantial gains posted over the two previous sessions. Stocks may continue to benefit from optimism about what a second Donald Trump presidency will mean for the markets and the U.S. economy. Overall trading activity…
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U.S. Futures Rise as Investors Await Fed Rate Decision; Oil Prices Drop
U.S. index futures rose in Thursday’s pre-market session following Donald Trump’s victory, which sent the Dow Jones up over 1,500 points yesterday. Investors are watching for the Federal Reserve’s interest rate decision, with CME Group’s Fed Watch tool showing a 100% probability of a rate cut. Corporate earnings, jobless claims data, and wholesale inventories will…