ADVFN US – Market Content Editor
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Bitcoin Crashes Following Trump’s Tariffs, Ethereum And Other Cryptos Follow
Bitcoin (COIN:BTCUSD) crashed on Monday morning as a wave of selling swept through the cryptocurrency market. It fell 10% to $91,695.8 before rebounding slightly to $95,137.6. This steep drop came after President Trump announced he was imposing trade tariffs on China, Canada, and Mexico. This sparked fears of a trade war which sent the markets…
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White House Confirmation Tariffs Will Take Effect Leads To Downturn On Wall Street
After showing a strong move to the upside early in the session, stocks came under pressure over the course of the trading day on Friday. The major averages pulled back well off their early highs and into negative territory. The major averages finished the day just off their lows of the session. The Dow slid…
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U.S. Consumer Prices Increased As Expected In December
The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with economist estimates in the month of December. The report said the personal consumption expenditures (PCE) price index rose by 0.3 percent in December after inching up by 0.1 percent in November. The increase matched expectations.…
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Futures Pointing To Higher Open On Upbeat Apple Earnings, Inflation Data
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the gains posted during yesterday’s volatile session. Apple (NASDAQ:AAPL) may help lead an early advance on Wall Street, as the tech giant is surging by 4.3 percent in pre-market trading, The jump by shares of…
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Major Averages Close Higher Following Significant Late-Day Volatility
Stocks saw considerable volatility over the course of the trading session on Thursday, with the major averages showing wild swings back and forth across the unchanged line before eventually closing in positive territory. The Dow climbed 168.61 points or 0.4 percent to 44,882.13, ending the day within striking distance of the record closing high set…
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U.S. Economic Growth In Fourth Quarter Lower Than Expected
U.S. economic growth in the fourth quarter of 2024 fell short of economist estimates, according to a report released by the Commerce Department on Thursday. The report said gross domestic product shot up by 2.3 percent in the fourth quarter after surging by 3.1 percent in the third quarter. Economists had expected GDP to jump…
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Positive Reaction To Earnings News May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending yesterday’s trading mostly lower. Stocks may benefit from a positive reaction to earnings news from big-name companies such as IBM Corp. (NYSE:IBM), Meta Platforms (NASDAQ:META) and Tesla (NASDAQ:TSLA). Shares of…
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U.S. Stocks Close Mostly Lower Following Fed Announcement
Stocks moved mostly lower over the course of the trading day on Wednesday, partly offsetting the notable rebound seen in the previous session. The major averages climbed off their worst levels in late-day trading but still closed in negative territory. The Nasdaq slid 101.26 points or 0.5 percent to 19,632.32, the S&P 500 (SPI:SP500) fell…
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Interest Rate Concerns May Weigh On Wall Street Ahead Of Fed Announcement
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move back to the downside following the rebound seen in the previous session. Concerns about the outlook for interest rates may weigh on the markets ahead of the Federal Reserve’s monetary policy announcement this afternoon. With the…
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U.S. Stocks Regain Ground Following Yesterday’s Tech Sell-Off
After seeing considerable weakness in the previous session, stocks showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq led the way higher after posting a particularly steep loss on Monday. The Nasdaq surged 391.75 points or 2.0 percent to 19,733.59, partly offsetting the 3.1 percent plunge seen during yesterday’s…