ADVFN US – Market Content Editor
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US Futures Trade Mixed as Investors Eye Corporate Earnings and Geopolitical Risks; Oil Prices Rise
U.S. index futures are mixed in pre-market trading on Monday, following record highs for the Dow Jones and S&P 500 and their best weekly streaks of 2024. Investors are anticipating more corporate earnings this week, while remaining cautious about overvalued prices and geopolitical risks. As of 5:05 AM, Dow Jones futures (DOWI:DJI) rose 24 points…
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Spirit’s Stock Surges 56% on Refinancing; Starboard Invests in Kenvue; Cigna-Humana Merger Back in Negotiations
Spirit Airlines (NYSE:SAVE) – Spirit Airlines managed to extend its $1.1 billion debt refinancing deadline by two months, until December 23, with the help of U.S. Bank. The company, which has been facing losses and doubts about its ability to pay debts, seeks to increase revenues and reduce costs. Shares rose 56.5% in pre-market trading…
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Nasdaq Advances On Netflix Earnings, Dow Inches Up To Record High
After ending the previous session little changed, stocks moved mostly higher during trading on Friday. The tech-heavy Nasdaq led the charge, while the Dow ended the day modestly higher at a new record closing high. The Nasdaq (NASDAQI:COMP) climbed 115.94 points or 0.6 percent to 18,489.55 and the S&P 500 rose 23.20 points or 0.4…
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Bitcoin Jumps 14% This Week as ETFs Pull in $1.85B; Dogecoin Surges; DBS Bank Launches Blockchain Service
Bitcoin nears record with strong ETF inflows and bullish signals Bitcoin (COIN:BTCUSD) nearly reached $69,000, quoted at $68,740, a 2% increase in the last 24 hours. This week, Bitcoin rose 14.2%, surpassing gold and the S&P 500, but still below its all-time high of $73,700. Driven by strong inflows into spot ETFs, which recorded over…
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Housing Starts, Building Permits Show Modest Pullback
After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September. The Commerce Department said housing starts fell by 0.5 percent to an annual rate of 1.354 million in September…
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Futures Pointing To Mixed Open On Wall Street
The major U.S. index futures are currently pointing to a mixed open on Friday, with the Nasdaq 100 and S&P 500 futures up by 0.5 percent and 0.2 percent, respectively, but the Dow futures down by 0.2 percent. The tech-heavy Nasdaq is likely to benefit from an advance by shares of Netflix (NASDAQ:NFLX), as the…
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U.S. Index Futures Rise as Major Indices Aim for Sixth Week of Gains; Gold Hits Record
U.S. index futures rose in pre-market trading on Friday, with the three major indices on track for their sixth consecutive week of gains. At 05:18 AM, Dow Jones futures (DOWI:DJI) gained 26 points, or 0.06%. S&P 500 futures rose by 0.20%, and Nasdaq-100 futures advanced by 0.42%. The 10-year Treasury yield stood at 4.097%. In…
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iPhone 16 Sales in China Up 20%; Sobr Safe Jumps 108% Pre-Market; Netflix and Intuitive Surgical Beat Estimates
Apple (NASDAQ:AAPL) – iPhone 16 sales in China grew 20% in the first three weeks compared to its 2023 predecessor, driven by demand for Pro and Pro Max models, which increased 44%. Despite strong competition from Huawei and others, initial sales show signs of success. On another front, Donald Trump claimed to have received a…
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U.S. Stocks Close Little Changed After Seeing Modest Strength For Most Of The Day
Stocks saw modest strength for much of the session on Thursday before giving back ground late in the trading day to close roughly flat. The Dow still managed to reach a new record closing high. The Dow ended the day up 161.35 points or 0.4 percent at 43,239.05, while the Nasdaq crept up 6.53 points…
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Bitcoin ETFs Attract $458 Million; Swarm Tokenizes Gold on Bitcoin; Kraken Launches Interoperable kBTC Token
Bitcoin ETFs record $458 million in inflows on October 16 On October 16, 2024, Bitcoin ETFs recorded $458.54 million in net inflows. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led with $393.4 million. Other ETFs, including Wise Origin Bitcoin Fund (AMEX:FBTC), Bitwise Bitcoin ETF (AMEX:BITB), Franklin Templeton Digital Holdings Trust (AMEX:EZBC), and ARK 21Shares Bitcoin ETF (AMEX:ARKB),…