ADVFN US – Market Content Editor
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US Futures Steady in Pre-Market; Oil Rises on Middle East Conflict Fears
U.S. index futures are largely flat in pre-market trading this Monday, after a strong week on Wall Street, driven by the Federal Reserve’s 50 basis point interest rate cut. The Dow hit a record high above 42,000 points, with investors eyeing upcoming economic data and Fed speeches this week. At 5:23 AM, Dow Jones futures…
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Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More
Intel (NASDAQ:INTC), Apollo Global Management (NYSE:APO), Qualcomm (NASDAQ:QCOM) – Apollo Global Management has reportedly offered up to $5 billion to invest in Intel, according to Bloomberg. The negotiations are in the early stages and could change or fall apart. In addition, Qualcomm is in preliminary talks to acquire Intel, aiming to reshape the chip sector,…
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Nasdaq, S&P 500 Give Back Ground But Dow Inches Up To New Record Closing High
Stocks moved mostly lower early in the session on Friday but regained ground over the course of the trading day. The major averages climbed well off their worst levels of the day before eventually closing narrowly mixed. While the Dow (DOWI:DJI) inched up 38.17 points or 0.1 percent to a new record closing high of…
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Bitcoin ETFs Attract $158 Million Inflows; MicroStrategy Expands Holdings by 7,420 BTC Purchase; PancakeSwap Unveils v4
Bitcoin ETFs in the US registered an inflow of $158.3 million on Thursday On September 19, Bitcoin ETFs saw a significant inflow of $158.21 million, marking a strong recovery from the previous day’s outflow of $52.7 million. The main contributors to this inflow were the Ark 21Shares Bitcoin ETF (AMEX:ARKB), attracting $81.07 million, and the…
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U.S. Stocks May Lack Direction Following Yesterday’s Rally
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following the rally seen in the previous session. Traders may take a breather following the surge during Thursday’s trading, which lifted the Dow and the S&P 500 to new record closing…
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U.S. Futures Dip After Fed Rate Cut Rally; Oil Prices Dip but Head for Second Weekly Gain
U.S. index futures are down in premarket trading this Friday, following a strong rally the previous day, fueled by the Federal Reserve’s interest rate cut and encouraging unemployment data. With no major economic events on the calendar, traders expect light trading activity today. As of 5:11 AM, Dow Jones futures (DOWI:DJI) fell 14 points, or…
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Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss
Nike (NYSE:NKE) – Elliott Hill, who started as an intern at Nike in 1988, will become the next CEO on October 14, replacing John Donahoe. Hill, with a 32-year career at Nike, is known for his work ethic and dedication. This change comes at a critical time, with the company facing declining sales and increasing…
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Optimism About Soft Landing Contributes To Rally On Wall Street
After ending Wednesday’s session moderately lower following late-day volatility, stocks moved sharply higher during trading on Thursday. The major averages all showed strong moves to the upside, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels late in the trading session but remained…
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Bitcoin Surges After Interest Rate Cut; Ethereum Divides Pectra into Two Phases; IBIT Reports Slower Inflows in September
Bitcoin surpasses $63,500 on Thursday The price of Bitcoin (COIN:BTCUSD) is up 3.3% to $63,705 at the time of writing, following the rise in stocks and gold, driven by the 0.5% interest rate cut by the Fed. The financial market is optimistic, with the S&P 500 reaching new highs on Thursday. Data shows that institutions…
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U.S. First-Time Unemployment Benefit Claims Fall Unexpectedly
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous week’s revised level of 231,000. Economists had expected jobless…