ADVFN US – Market Content Editor
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended August 2nd at 10:30 am ET. Crude oil inventories are expected to edged down by 0.4 million barrels after falling by 3.4 million barrels in the previous week. The Treasury Department is due to announce the results of…
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Futures Pointing To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to sharply higher open on Wall Street on Wednesday, with stocks likely to extend the rebound seen in the previous session. While stocks saw a notable advance during Tuesday’s session, traders may still see stocks as oversold following the recent weakness in the markets. Concerns the U.S.…
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US Index Futures Rise Amid Earnings Season Optimism, Oil Prices Rebound
US index futures rose in pre-market trading on Wednesday following a recovery that ended a three-day losing streak. Analysts question the sustainability of this rebound, predicting continued volatility but highlighting opportunities in the earnings season, with major reports from companies like Disney and CVS Health on the horizon. At 4:42 AM, Dow Jones futures (DOWI:DJI)…
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Joby Aviation Seeks Australian Certification, Arcadium Lithium Projects Suspended Due to Oversupply, and More
Arcadium Lithium Plc (NYSE:ALTM) – Arcadium Lithium will suspend or delay two of its four expansion projects due to a global oversupply and prolonged lithium price decline. The company revised the project timeline in Argentina and is considering bringing a partner for the Galaxy project in Canada. The changes will reduce capital spending by about…
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Novo Nordisk Adjusts Outlook, Airbnb Drops 16% on Declining U.S. Demand, Lumen Technologies Surges 48% in Premarket
Novo Nordisk (NYSE:NVO) – In the second quarter, Novo Nordisk reported a net profit of DKK 20.05 billion ($2.93 billion), below the forecast of DKK 20.9 billion. The company reduced its operating profit growth projection to 20%-28% for 2024, from 22%-30%. Sales growth forecasts were increased to 22%-28%. Competition in the weight-loss market is intensifying.…
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U.S. Stocks Snap 3-day Losing Streak, End On Firm Note
U.S. stocks closed higher on Tuesday, recovering well after three successive days of losses, as investors shrugged off fears of a recession and geopolitical concerns, and chose to indulge in some buying at reduced levels. Investors also reacted positively to the latest batch of corporate earnings news. The major averages all closed on a firm…
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BTC Surpasses $56K, Core Scientific’s Extended Deal with CoreWeave, Ronin Network Halts After MEV Exploit, and More
Bitcoin surpasses $56,000 in market recovery Bitcoin (COIN:BTCUSD) started at $54,169.74 and rose to $56,496, recovering from Monday’s sell-off. Fernando Pereira, a Bitget analyst, noted that the price remains within a downtrend channel since March. The recent rise is linked to the price being at the support point of this channel, possibly attracting significant buying…
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U.S. Trade Deficit Narrowed
Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of June. The Commerce Department said the trade deficit shrank to $73.1 billion in June from a revised $75.0 billion in May. Economists had expected the trade deficit to…
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Bargain Hunting May Contribute To Early Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground after moving sharply lower over the past few sessions. Bargain hunting may contribute to early strength on Wall Street, as some traders look to pick up stocks at relatively reduced levels. The sell-off seen in…
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US Index Futures Rise After Market Sell-off, Oil Prices Trim Losses
US index futures rose in pre-market trading on Tuesday, signaling a recovery after one of the worst days for markets in nearly two years. Earnings season continues, with Palantir (NYSE:PLTR) and Lucid Group (NASDAQ:LCID) showing strong pre-market performances, partially easing the negative sentiment. At 4:37 AM, Dow Jones futures (DOWI:DJI) rose 195 points or 0.50%.…