ADVFN US – Market Content Editor
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U.S. Stocks Move Sharply Lower As Data Raises Economic Concerns
After extending yesterday’s rally early in the session, stocks moved sharply lower over the coursed the trading day on Thursday. The major averages all showed substantial moves to the downside. The tech-heavy Nasdaq plunged 405.25 points or 2.3 percent to 17,194.15, the S&P 500 (SPI:SP500) tumbled 75.62 points or 1.4 percent to 5,446.68 and the…
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First-Time Unemplyment Benefit Claims Rose More Than Expected; Labor Productivity Also Up
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended July 27th. The report said initial jobless claims climbed to 249,000, an increase of 14,000 from…
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Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see further upside following the rally seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Facebook parent Meta Platforms (NASDAQ:META). Shares of Meta are surging by 8.8 percent…
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U.S. Stocks Rally On Upbeat Earnings News, Rate Cut Optimism
After moving sharply higher early in the session, stocks continued to turn in a strong performance throughout the trading day on Wednesday. The major averages all moved to the upside after ending Tuesday’s trading mixed, with the tech-heavy Nasdaq posting a particularly strong gain. The Nasdaq soared 451.98 points or 2.6 percent to 17,599.40, more…
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Fed Impact in Crypto Market, California DMV Adopts Avalanche Blockchain, Riot Boosts Bitfarms Stake
Impact of Mt. Gox BTC distribution and Federal Reserve decision on Bitcoin price Bitcoin’s price remained stable after Mt. Gox transferred $2 billion in BTC on Tuesday, nearing the completion of its $9 billion distribution. A total of 47,229 BTC was moved, with 33,105 BTC possibly destined for BitGo, valued at $2.19 billion. This movement…
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Private Sector Employment Up Less Tahn Expected
Private sector employment in the U.S. increased by less than expected in the month of July, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 122,000 jobs in July after jumping by an upwardly revised 155,000 jobs in June. Economists had expected private sector employment to…
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Upbeat Earnings News May Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to sharply higher on Wall Street on Wednesday, with stocks likely to see an early rally following the mixed performance seen in the previous session. Stocks may benefit from a positive reaction to some of the latest corporate earnings news from companies like Advanced Micro Devices (NASDAQ:AMD).…
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US Index Futures Up Ahead of Fed Decision; Oil Prices Surge Amid Middle East Tensions
US index futures indicate a higher open in pre-market trading this Wednesday, as investors focus on the Federal Reserve’s monetary policy decision and Jerome Powell’s press conference. Earnings highlights include Boeing, Mastercard, Kraft Heinz, Meta Platforms, Arm Holdings, and Qualcomm. At 5:24 AM, Dow Jones futures (DOWI:DJI) rose 169 points, or 0.41%. S&P 500 futures…
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AMD Shares Surge 9% on Earnings Beat; Match Group Rises 10%, Pinterest & Lemonade Drop 13%, and More Earnings Updates
Advanced Micro Devices (NASDAQ:AMD) – The semiconductor and processor company reported adjusted second-quarter earnings of 69 cents per share and $5.84 billion in revenue, beating the 68 cents and $5.72 billion forecasts, respectively. AI chip revenue exceeded $1 billion in the second quarter. AMD raised its AI chip sales forecast to $4.5 billion in 2024,…
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ASML Rises 7% on Export Waiver; Intel Plans Layoffs, HSBC $3B Buyback Announced, and More
ASML Holding NV (NASDAQ:ASML) – Semiconductor stocks rose globally after news that the US will exempt chipmakers in Japan, the Netherlands, and South Korea from new export restrictions. This followed discussions on the Foreign Direct Product rule, potentially impacting China. ASML’s stock rose 7.6% pre-market. Intel (NASDAQ:INTC) – Intel plans to cut thousands of jobs…