ADVFN US – Market Content Editor
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U.S. Stocks Close On Firm Note; Dow, S&P Post New Record Highs
U.S. stocks started off on a somewhat flat note on Wednesday, but gained in strength as the day progressed, as investors assessed the minutes of the Federal Reserve’s most recent policy meeting, and looked ahead to the nation’s consumer price and producer price inflation data for more clarity on interest-rate trajectory. The major averages all…
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SUI Jumps 109% in Monthly Surge; Stablecoins Reach Record Liquidity; Canary Capital Files XRP ETF
SUI reaches new all-time high, surpassing $8 billion market value The SUI ecosystem hit a new record in October, with its market value exceeding $8.54 billion. Of that total, SUI’s individual market value is about $5.38 billion, while First Digital USD (COIN:FDUSDUST) accounts for nearly $3 billion. SUI (COIN:SUIUSD) reached a new all-time high of…
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U.S. Stocks May Lack Direction Ahead Of Fed Minutes
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the strong upward move seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of the minutes of the Federal Reserve’s latest monetary…
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U.S. Index Futures Slide Slightly; Oil Prices Rise
U.S. index futures dipped slightly in pre-market trading Wednesday after a strong rally in the previous session. Investors are awaiting the Fed minutes and upcoming inflation and bank earnings reports this week, while optimism grows about a soft Fed landing following robust jobs data. At 5:28 AM ET, Dow Jones futures (DOWI:DJI) were down 58…
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Google Could Face Forced Spinoff; Rio Tinto Buys Arcadium for $6.7B; Boeing Suspends Union Talks
Alphabet (NASDAQ:GOOGL) – The U.S. Department of Justice is considering asking a judge to force Google to sell parts of its business to mitigate its search dominance, including Chrome and Android. The DOJ proposes measures to reduce Google’s dominance, which could impact revenues and benefit competitors. Google plans to appeal, calling the proposals “radical” and…
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U.S. Stocks Close On Firm Note; Nasdaq Rises 1.5 Percent
U.S. stocks moved higher on Tuesday, with technology stocks turning in a strong performance. Pushing geopolitical concerns and interest-rate uncertainty aside, investors picked up stocks, choosing to focus on the earnings season. The major averages all ended on a firm note. The Dow started off on a sluggish note and remained that way till midway…
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Bitcoin Struggles at $63K; Spot Bitcoin ETFs Gain $235M; Crypto.com Takes Legal Action Against SEC
Bitcoin faces selling pressure with resistance at $63,000 Bitcoin (COIN:BTCUSD), after reaching $64,448 on October 7, briefly dipped below $62,000, currently trading at $62,200, nearly unchanged over the last 24 hours. Selling pressure observed on Coinbase, along with China’s underwhelming economic stimulus, suggested a bearish outlook. The National Development and Reform Commission (NDRC) briefing lacked…
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U.S. Trade Deficit Narrows
With exports surging and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of August. The Commerce Department said the trade deficit shrank to $70.4 billion in August from a revised $78.9 billion in July. Economists had expected the trade deficit to decrease to $70.6…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move back to the upside following the weakness seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following the steep drop seen during trading on Monday. Overall trading activity is…
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US Futures Rebound Amid Oil Price Dip and Fed Remarks; Markets React to China Stimulus Disappointment
U.S. index futures rose in premarket trading on Tuesday, suggesting a rebound after earlier declines caused by rising bond yields and oil prices. Investors await key economic data this week amid statements from Federal Reserve leaders. At 5:48 AM ET, Dow Jones (DOWI:DJI) futures rose 62 points or 0.15%. S&P 500 futures gained 0.37%, and…