ADVFN US – Market Content Editor
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Market Rises Amid Trump Attack and Key Earnings Week
U.S. index futures are rising in pre-market trading on Monday as investors react to the attempted assassination of former President Donald Trump and prepare for a crucial week of important corporate earnings releases. At 5:57 AM, Dow Jones futures (DOWI:DJI) rose 191 points, or 0.47%. S&P 500 futures gained 0.42%, and Nasdaq-100 futures advanced 0.50%.…
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Alphabet Nears $23 Billion Wiz Acquisition, Trump Media Stock Soars 63% Pre-Market, and More
Alphabet (NASDAQ:GOOGL) – Alphabet is close to buying the cybersecurity startup Wiz for approximately $23 billion, marking its largest acquisition to date. Wiz, which offers AI-driven cloud security solutions, could close the deal soon. The stock rose 0.04% in pre-market trading. Trump Media (NASDAQ:DJT) – The shares of Trump Media & Technology Group Corp. surged…
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U.S. Stocks Move Back To The Upside Following Yesterday’s Downturn
Following the substantial downturn seen over the course of the previous session, stocks moved back to the upside during trading on Friday. With the upward move on the day, the Dow and the S&P 500 reached new record intraday highs. The major averages gave back ground going into the close but remained firmly positive. The…
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Bitfarms Calls Shareholder Meeting, Iris Energy Volatility, XRP Gains, FIL Declines
Bitfarms calls shareholder meeting in response to Riot Platforms’ acquisition attempt Bitfarms (NASDAQ:BITF), a cryptocurrency mining company, has scheduled a shareholder meeting for October 29 in response to a $950 million acquisition bid by Riot Platforms (NASDAQ:RIOT). Riot, which has already attempted to replace Bitfarms’ board members to advance its acquisition bid, faces resistance from…
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Producer Prices Increased Slightly More Than Expected
Following yesterday’s tamer-than-expected consumer price inflation data, the Labor Department released a report on Friday showing producer prices in the U.S. increased by slightly more than expected in the month of June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat higher open on Friday, with stocks likely to show a lack of direction following the substantial downturn seen over the course of the previous session. Traders may take a step back following the recent volatility in the markets, which saw stocks surge on…
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U.S. Index Futures Steady Ahead of Key Economic Data and Earnings Reports; Oil Prices Climb
U.S. index futures are little changed in pre-market trading this Friday, with traders focused on the imminent release of June’s producer price index results and the quarterly earnings reports from financial sector giants. As of 5:52 AM, Dow Jones (DOWI:DJI) futures were up 31 points, or 0.08%. S&P 500 futures gained 0.08%, while Nasdaq-100 futures…
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Ericsson Reports 14% Profit Increase, UBS Downgrades Tesla Shares, Ozempic Linked to Reduced Dementia Risk
Ericsson AB (NASDAQ:ERIC) – Ericsson AB exceeded analysts’ expectations in the second quarter, benefiting from cost-cutting measures amid a challenging market. The Swedish company reported a 14% increase in adjusted earnings before interest and taxes, reaching $307 million (3.23 billion Swedish kronor), excluding amortizations. Despite a 7% decline in net sales, revenues exceeded projections. The…
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Nasdaq, S&P 500 Pull Back Sharply After Reaching New Record Highs On Inflation Data
Stocks showed a substantial downturn over the course of the trading session on Thursday, with the Nasdaq and the S&P 500 pulling back sharply after reaching new record intraday highs in early trading. The tech-heavy Nasdaq posted a particularly steep loss on the day, plunging 364.04 points or 2.0 percent to 18,283.41, while the S&P…
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SEC Closes Paxos Investigation, Trump Joins Bitcoin Conference, Ether ETFs Anticipation Soars
SEC closes investigation on Paxos without enforcement action The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos Trust Company without taking any enforcement action. The investigation, which focused on the stablecoin Binance USD (COIN:BUSDUSD), was closed after a federal judge ruled that BUSD sales did not violate securities laws. Paxos, which…