ADVFN US – Market Content Editor
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US Index Futures Advanced, Oil Prices Inch Higher
US index futures advanced in pre-market trading on Monday, driven by investor attention to the US political landscape and Verizon’s quarterly results. At 4:56 AM, Dow Jones futures rose 60 points, or 0.15%. S&P 500 futures gained 0.32%, and Nasdaq-100 futures advanced 0.54%. The yield on 10-year Treasury bonds stood at 4.232%. In the commodities…
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Berkshire Sells BofA Holdings, Ryanair Shares Drop 12%, Delta Still Struggling After IT Disruption
Berkshire Hathaway (NYSE:BRK.A), Bank of America (NYSE:BAC) – Berkshire Hathaway sold 33.9 million Bank of America shares for approximately $1 .48 billion. After the sale, it still owns around 999 million shares in the bank. Warren Buffett’s Berkshire has invested in BofA since 2011, when it purchased preferred shares and warrants. Bank of America shares…
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U.S. Stocks See Further Downside Following Major IT Outage
Stocks moved mostly lower during trading on Friday, with the Nasdaq and the S&P 500 extending the steep drop seen over the two previous sessions. The narrower Dow also moved to the downside, pulling back further off the record closing high set on Wednesday. The major averages all finished the day firmly in negative territory.…
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Crypto Market Rebounds; Telegram to Launch Mini App Store and Browser, Leadership Shakeup at Messari, and More
Cryptocurrency market recovers despite stock market downturn While the U.S. stock market faced losses on Friday, Bitcoin (COIN:BTCUSD) regained its upward momentum, reaching its highest value in nearly a month, peaking at $66,874.39. This increase coincided with a global IT shutdown and was driven by robust trading volume in BlackRock’s (NASDAQ:IBIT) spot Bitcoin ETF. A…
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Futures Pointing To Choppy Trading Early On Wall Street
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 recent tech-driven weakness. A lack of major U.S. economic data may keep some traders on the sidelines as they digest the notable declines by the tech-heavy Nasdaq and the S&P…
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U.S. Futures Slide Amid Netflix Results, Microsoft and CrowdStrike Outages, Oil Prices Head for Second Week of Losses
U.S. stock futures are trending down in pre-market trading this Friday, as investors monitor Netflix‘s results and service disruptions at Microsoft (NASDAQ:MSFT) and CrowdStrike (NASDAQ:CRWD). Other factors influencing the market include the recent rotation favoring indices like the Dow and Russell 2000, but penalizing major tech stocks, affecting the S&P 500 and Nasdaq. Additionally, the…
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Microsoft Shares Drop 2% and CrowdStrike Plunges 21% Pre-Market Following Major Global Outage
Microsoft (NASDAQ:MSFT) – A widespread failure in Microsoft’s services affects many large companies globally. The outage, which extended from the U.S. to Asia, impacted the operations of many companies, causing issues from customer service to banking and airline operations, including McDonald’s, the London Stock Exchange, Bank of Israel. American, Delta, United, and Allegiant Air suspended…
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Nasdaq, S&P 500 Add To Yesterday’s Steep Losses
Stocks showed a lack of direction in early trading on Thursday before coming under considerable selling pressure over the course of the session. With the downward move, the Nasdaq and the S&P 500 added to the steep losses posted in the previous session. The major averages all finished the day firmly in negative territory. The…
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First-Time Unemployment Claims Up More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended July 13th. The Labor Department said initial jobless claims rose to 243,000, an increase of 20,000 from the previous week’s revised level of 223,000. Economists had expected initial jobless…
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Tech Stocks May Regain Ground Following
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to regain ground following yesterday’s sell-off. Traders may look to pick up tech stocks at relatively reduced levels following the steep drop on Wednesday, which saw the tech-heavy Nasdaq record its worst day since December 2022. Optimism…