ADVFN US – Market Content Editor
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Futures Pointing To Modestly Lower Open On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. The Dow futures are down by 0.2 percent, as the blue chip index is likely to give back ground after reaching record highs…
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U.S. Index Futures Edge Higher, Oil Prices Dip
U.S. index futures edged higher in premarket trading on Tuesday, recovering from pressure on tech stocks that impacted the S&P 500 and Nasdaq Composite the previous day. The Dow Jones, after closing at a new record high on Monday, continues to attract attention. Investors eagerly await Nvidia’s earnings this week, which are crucial for the…
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Apple Names New CFO, Sony Hikes PS5 Price in Japan, Santander Launches Share Buyback
Apple (NASDAQ:AAPL) – Apple has appointed Kevan Parekh as its new CFO, replacing Luca Maestri starting January 1, 2025. Parekh, who has been with Apple for over a decade, will lead the company during a period of significant iPhone updates, focusing on AI to boost sales. Sony Group (NYSE:SONY) – Sony will increase the price…
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Stacks Prepares Nakamoto Upgrade, Record Bitcoin ETF Inflows, Semler Scientific Expands Bitcoin Reserves
Stacks prepares for the biggest update in its history, revolutionizing Bitcoin transactions The Stacks network (COIN:STXUSD), the largest Bitcoin layer-2 by market capitalization, is set to implement the Nakamoto upgrade on August 28. This change will reduce transaction settlement times to around five seconds, significantly improving the network’s usability. Additionally, the launch of Super Bitcoin…
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Dow Sets New Record Closing High But Nasdaq, S&P 500 Give Back Ground
The major U.S. stock indexes turned in a mixed performance during trading on Monday, with the Dow reaching a new record closing high, while the tech-heavy Nasdaq saw a notable pullback after posting a strong gain last week. The Dow pulled back well off its best levels of the session and briefly dipped into negative…
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U.S. Index Futures Edge Higher; Oil Prices Rise Amid Middle East Tensions and Fed Rate Cut Expectations
U.S. index futures edged higher in pre-market trading on Monday, as investors aimed to reclaim record levels following the Federal Reserve’s signal of potential interest rate cuts. After a strong week marked by Jerome Powell’s comments, Wall Street eagerly anticipates rate cuts to ease recent economic concerns. At 5:14 AM ET, Dow Jones futures (DOWI:DJI)…
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IBM Closes China Research Division, Uber Fined $324M, Starliner to Return Without Astronauts
International Business Machines (NYSE:IBM) – According to the South China Morning Post, IBM has closed its R&D operations in China, laying off over 1,000 employees due to geopolitical tensions. The company shut down its labs in Beijing, Shanghai, and Dalian but stated that it will continue to support customers in the region. IBM’s sales in…
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Powell Speech Signaling Rate Cuts Contributes To Rally On Wall Street
Following the pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The major averages all moved sharply higher, with the Dow and the S&P 500 reaching their best closing levels since reaching record highs in mid-July. The major averages gave back ground…
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Bitcoin Surges Following Powell Speech; Sony Launches Soneium Blockchain; JPMorgan Cuts Miners’ Price Targets
Bitcoin rises 5% after Jerome Powell’s speech at Jackson Hole Jerome Powell, Fed Chairman, delivered a speech at Jackson Hole that boosted Bitcoin, gold, and stocks. Bitcoin (COIN:BTCUSD) surged 4.9% to $63,360 at the time of writing, while the S&P 500, Nasdaq, and Dow Jones gained 0.89%, 1.21%, and 0.86%, respectively. The revision of U.S.…
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Ross Stores Rises 6% After Revised Annual Profit; Workday Surges 12% on Strong Results, More on Earnings
Ross Stores (NASDAQ:ROST) – The discount apparel retailer beat expectations with adjusted earnings of $1.59 per share, above the expected $1.50. Revenue grew 7% to $5.3 billion, surpassing the forecast of $5.25 billion. Same-store sales increased by 4%, compared to analysts’ expectation of a 2.9% increase. The company raised its annual earnings forecast to between…