ADVFN US – Market Content Editor
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Dow Surges To New Record Closing High On Upbeat Earnings News
Extending the upward move seen over the two previous sessions, stocks moved mostly higher during trading on Tuesday. The Dow led the charge, surging to a new record closing high. The Dow jumped 742.76 points or 1.9 percent to 40,954.48, the S&P 500 climbed 35.98 points or 0.6 percent to a new record closing high…
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Mt. Gox Distributes Funds, Ether ETF Outlook, Zcash Decentralized Finance, WLD Soars
Distribution of Mt. Gox funds and its impact on the Bitcoin market Kraken exchange customers were informed via email that Mt. Gox refunds had been transferred to Kraken, with distribution expected within 7 to 14 days. Arkham Intelligence noted the movement of 48,641 Bitcoins, valued at $3.1 billion, from a Mt. Gox fiduciary wallet, suggesting…
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U.S. Retail Sales Unchanged, Import Prices Unexpectedly Flat
With steep declines in auto and gasoline sales offset by strength in other areas, the Commerce Department released a report on Tuesday showing U.S. retail sales came in unchanged in the month of June. The Commerce Department said retail sales came in flat in June after rising by an upwardly revised 0.3 percent in May.…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the gains posted in the previous session. A positive reaction to some of the latest earnings news may generate early buying interest, with shares of Bank of America (NYSE:BAC) moving notably higher in pre-market trading…
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US Index Futures Steady, Oil Prices Dip Amid China Slowdown, Key Earnings Reports Ahead
U.S. index futures are mostly steady in pre-market trading on Tuesday, following a record Dow Jones closing for the 20th time this year on the previous day. At 5:36 AM, Dow Jones futures (DOWI:DJI) rose 33 points, or 0.08%. S&P 500 futures gained 0.02%, and Nasdaq-100 futures increased by 0.01%. The 10-year Treasury yield stood…
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Match Group Soars 8% Amid Potential Sale Pressure; Deutsche Bank Anticipates 2Q Loss, and More
Match Group (NASDAQ:MTCH) – The activist investor Starboard, which holds more than 6.5% of Match, the owner of Tinder, is pushing for a sale of the company if the recovery does not occur, according to the Wall Street Journal. Starboard suggests improvements in Tinder, Match’s primary revenue source, and sees potential in Hinge. If changes…
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Stocks Close On Firm Note; Dow, S&P Hit Fresh Closing Highs
U.S. stocks closed on a firm note on Monday with two of the three major indices moving on to record fresh highs, thanks to strong buying at several counters from across various sectors. Optimism about interest rate cuts by the Fed, and rising prospects of former President Donald Trump winning the upcoming presidential elections rendered…
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Bitcoin Surpasses $63K, Miners Accumulate, Exchanges Limit Brokerage Fee Discounts
Bitcoin overcomes obstacles and renews market optimism On July 15, Bitcoin (COIN:BTCUSD) surpassed the $63,000 mark, trading up 4.6% in the last 24 hours at $63,600. With a 14.11% increase over the last 7 days, Bitcoin has reignited hopes of a full return to the bull market after weeks of lateral movement marked by liquidations.…
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Regional Manufacturing Activity Contracted Faster, Firms Remain Optimistic
A report released by the Federal Reserve Bank of New York on Monday showed regional manufacturing activity contracted at a slightly faster rate in the month of July. The New York Fed said its general business conditions index edged down to a negative 6.6 in July from a negative 6.0 in June, with a negative…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to add to the gains posted last week. Following the substantial downturn seen over the course of Thursday’s session, stocks moved back to the upside during trading on Friday. With the upward move on the day, the Dow…