ADVFN US – Market Content Editor
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Nasdaq, S&P 500 Regain Ground But Dow Extends Losing Streak
Following the steep drop seen during Wednesday’s session, the major U.S. stock indexes turned in a mixed performance during trading on Thursday. The Nasdaq and the S&P 500 regained ground, but the narrower Dow saw further downside to close lower for the fourth straight day. The major averages finished the day on opposite sides of…
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Chainlink Integrates Oracles with Bitcoin; Synthetix Launches v3 with Liquidity on Arbitrum; Kraken Bets on L2 INK Network
Chainlink integrates data with Bitcoin for the first time via Spiderchain Chainlink (COIN:LINKUSD) expanded its oracle services to Bitcoin for the first time, integrating with Spiderchain, a layer 2 developed by Botanix Labs. This integration enables Spiderchain to access Chainlink’s oracle services, bringing real-world data to Bitcoin smart contracts. The goal is to allow Bitcoin…
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Initial Jobless Claims Fell Unexpedtedly
After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week’s revised…
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Bargain Hunting, Tesla Earnings May Trigger Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following recent weakness on Wall Street, which has seen the Dow and the S&P 500…
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US Futures Climb on Earnings; Oil Soars Amid Middle East Conflict
U.S. index futures rose in pre-market trading Thursday, buoyed by strong third-quarter earnings. This follows three straight days of declines for the Dow and S&P 500, pressured by the recent surge in 10-year Treasury yields. At 05:15 AM, Dow Jones futures fell 29 points, or 0.07%. S&P 500 futures gained 0.45%, and Nasdaq-100 futures rose…
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Tesla Shares Rise 11% Pre-Market; IBM Falls 4% on Lower-Than-Expected Revenue; Apple Prepares New Launches
Tesla (NASDAQ:TSLA) – The electric vehicle manufacturer reported earnings per share of $0.72, exceeding the estimated $0.58. Revenue was $25.18 billion, slightly below the expected $25.37 billion. Net income increased to $2.17 billion. Automotive revenue grew 2%, while energy generation surged 52%. CEO Elon Musk announced plans to launch autonomous transport services in California and…
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U.S. Stocks Move Sharply Lower Amid Rising Treasury Yields
Stocks came under pressure early in the session on Wednesday and saw further downside over the course of the trading day. The major averages all moved notably lower, with the Dow and the S&P 500 extending their losing streaks to three days. The major averages climbed off their worst levels late in the session but…
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Nigeria Releases Tigran Gambaryan; Bitcoin ETFs End 7-Day Streak of Inflows; BTC Hashrate Surpasses 700 EH/s
Nigeria drops money laundering charges against Binance executive The Nigerian government dropped money laundering charges against Binance executive Tigran Gambaryan, days after a court denied his bail. Gambaryan, detained since February, faces severe health issues, including malaria. The charges were dropped to allow him to seek medical treatment abroad, although the case against Binance continues.…
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Futures Pointing To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move back to the downside after recovering from early weakness to end the previous session roughly flat. The downward momentum on Wall Street comes amid a continued increase by treasury yields, which have moved sharply higher over…
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McDonald’s Faces E. Coli Outbreak; Qualcomm Loses Licensing Dispute with Arm; Texas Instruments Stock Surges
McDonald’s (NYSE:MCD) – A U.S. investigation into an E. coli outbreak focuses on McDonald’s Quarter Pounder hamburgers. The company has suspended the use of fresh onions and beef patties in certain states. Health authorities are working to identify the contaminated ingredient. Arm Holdings (NASDAQ:ARM), Qualcomm (NASDAQ:QCOM) – Arm canceled its licensing agreement with Qualcomm, which…