ADVFN US – Market Content Editor
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U.S. Stocks Fluctuate Before Closing Little Changed
Stocks fluctuated over the course of the trading session on Monday before eventually ending the day little changed. The major averages bounced back and forth across the unchanged line and finished the session narrowly mixed. While the Dow dipped 140.53 points or 0.4 percent to 39,357.01, the S&P 500 (SPI:SP500) inched up 0.23 points or…
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LDO, GLM, SUI, APT, AZERO on the Radar; Marathon Digital Seeks $250M for Bitcoin Expansion, and More
Lido expands connection with BNB Chain On August 9, Lido DAO (COIN:LDOUSD) approved the integration of Axelar and Wormhole to connect Lido Staked ETH (stETH) to the BNB Chain. This bridge will enable $23 billion in total value locked to interact with the BNB Chain. It marks Lido’s first connection with a layer-1 blockchain outside…
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U.S. Stocks May Extend Rebound As Inflation Data Looms
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the rebound seen over the past several sessions. Easing concerns about the outlook for economy may lead to continued buying on Wall Street following the steep drop seen earlier this month. Overall trading activity may be…
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U.S. Futures Steady as Markets Await Key Inflation Data, Oil Prices Climb
U.S. index futures are mostly unchanged in pre-market trading on Monday, as investors anticipate crucial inflation data. After a partial recovery from last week’s sharp drop, the market remains cautious. Analysts suggest that volatility may persist, but strong economic data could ease concerns and drive a recovery. At 4:57 AM ET, Dow Jones futures (DOWI:DJI)…
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Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More
Starbucks (NASDAQ:SBUX) – Activist fund Starboard Value has acquired a stake in Starbucks and wants the company to take steps to boost its stock price. The size of the stake and specific demands were not disclosed. Starboard has not yet made formal demands. Shares rose 2.9% pre-market. Walt Disney (NYSE:DIS) – At the D23 convention,…
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U.S. Stocks Move Mostly Higher, Largely Offset Monday’s Sell-Off
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday but managed to end the day mostly higher. The major averages finished the session off their highs of the day but still in positive territory. The Dow edged up 51.05 points or 0.1 percent to 39,497.54, the…
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Bitcoin ETFs See Record Inflows, Tether Expands Team, Trump Plans DeFi Platform
Bitcoin and cryptocurrencies rebound after positive economic data and ETFs impact Bitcoin’s price (COIN:BTCUSD) reached a peak of $61,720 during Asian trading before retreating to just over $60,220 within 24 hours. This recovery followed lower-than-expected jobless claims, calming investors and leading to a market-wide rebound after Monday’s sharp decline. Additionally, the recovery mirrored the positive…
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Lingering Economic Concerns May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after moving sharply higher in the previous session. Traders may look to cash in on yesterday’s rally, which saw the S&P 500 post its biggest percentage gain since November 2022. Lingering concerns about the…
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US Futures Climb Following Thursday’s Rally, Oil Prices Steady
U.S. stock futures advanced in pre-market trading on Friday, extending the recovery seen on Thursday after Monday’s selloff. Despite recent gains, the S&P 500, Nasdaq, and Dow are still down for the week. At 5:07 AM ET, Dow Jones futures (DOWI:DJI) rose 70 points or 0.18%. S&P 500 futures gained 0.34%, and Nasdaq-100 futures advanced…
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Sweetgreen Rises 22% on Raised Forecasts, Doximity Jumps 30%, Rocket Lab Soars 14% on 71% Revenue Growth, and More
Sweetgreen (NYSE:SG) – The healthy restaurant chain reported second-quarter revenue of $184.6 million, up 21% year-over-year, above the $180.8 million expected. The company reduced its net loss to $14.5 million and raised its annual revenue forecast to $670-680 million. Same-store sales are expected to grow 5% to 7%. Shares rose 22.2% in pre-market trading. Doximity…