ADVFN US – Market Content Editor
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Traders May Take A Breather Following Recent Strength On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending the previous session notably higher. Traders may take a step back to digest recent strength in the markets, which has lifted the Dow and the S&P 500 to new…
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U.S. Index Futures Mixed; Oil Prices Fall as Israel Eases Supply Fears and China Stimulus Uncertainty Grows
U.S. index futures are mixed in Tuesday’s pre-market, following record closes for the S&P 500 and Dow Jones on the previous day. Focus is on major bank earnings, economic data on manufacturing and consumption, and comments from Federal Reserve members. At 5:01 AM ET, Dow Jones futures rose by 69 points, or 0.16%. S&P 500…
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Ericsson Shares Surge 7% on Strong Earnings, Nvidia Drops 2%, Google Invests in Nuclear Power for AI
Ericsson (NASDAQ:ERIC) – Ericsson reported better-than-expected profits, driven by a rebound in 5G equipment demand in North America. Net sales fell 4% to $5.92 billion but surpassed forecasts, with U.S. sales jumping over 50%. Europe and Latin America remained stable, while other markets faced challenges. Adjusted profits were 7.33 billion crowns, exceeding estimates and last…
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Interest Rate Optimism Contributes To Strength On Wall Street
Following the strong upward move seen during last Friday’s session, stocks saw further upside during trading on Monday. The major averages all moved higher on the day, with the Dow and the S&P 500 reaching new record closing highs. The major averages reached new highs for the session late in the day before giving back…
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China Stimulus and Elections Drive Bitcoin Surge; Avalanche Executes AVAX Buyback; $500M in Token Unlocks This Week
Bitcoin surges with China’s stimulus and US election support Bitcoin (COIN:BTCUSD) reached an intraday high of $66,296, with strong support at $63,500. Currently priced at $65,765, up 4.6% in the last 24 hours, Bitcoin has boosted positive sentiment among traders. Data shows over $193 million in leveraged positions were liquidated in the last 24 hours,…
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Interest Rate Optimism May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to add to the strong gains posted in the previous session. Stocks may continue to benefit from optimism about the outlook for interest following last Friday’s report on producer price inflation. While hopes the Federal Reserve will…
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US Index Futures Steady; Oil Prices Drop, Erasing Last Week’s Gains
U.S. index futures show slight variation in Monday’s pre-market, reflecting investor caution ahead of corporate earnings reports. Expectations for earnings to drive new records are tempered by uncertainties surrounding elections, Fed decisions, and geopolitical issues. As of 05:08 AM, Dow Jones futures (DOWI:DJI) fell 24 points, or 0.06%, while S&P 500 futures rose 0.11%, and…
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TSMC To Exceed Profits, Plans European Factories; Boeing Cuts 17,000 Jobs; Berkshire Boosts Sirius XM Stake
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC is planning new factories in Europe focused on AI chips after starting construction on its first plant in Dresden, Germany. According to Wu Cheng-wen of TSMC, the company is considering further expansion in Europe, but there is no specific timeline. TSMC is already investing $65 billion in three…
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Positive Reaction To Inflation Data, Bank Earnings Leads To Strength On Wall Street
Following the modest pullback seen in the previous session, stocks showed a strong move back to the upside during trading on Friday. The major averages more than offset yesterday’s losses, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…
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Bitcoin Above 62K; Justin Sun Elected Prime Minister of Liberland; Data Breach Affects 77,000 Fidelity Customers
Bitcoin surpasses $62K Bitcoin (COIN:BTCUSD) briefly fell below $59,000 last night before quickly recovering to $61,000, forming a “V” pattern. Historical data shows that these 30-minute recoveries often precede larger gains or stable trading, with few subsequent drops. This quick recovery has been repeatedly observed since August, indicating stability or potential upward momentum. Bitcoin’s price…