ADVFN US – Market Content Editor
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U.S. Stocks Close Little Changed Following Powell Testimony
Stocks showed a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line before eventually ending the day narrowly mixed. Despite the choppy trading, the Nasdaq and the S&P 500 once again reached new record closing highs. While the Dow (DOWI:DJI)…
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Bitcoin Revisits $58K, ASX Greenlights Second Bitcoin ETF, Worldcoin Debuts Developer Preview
Recent Bitcoin movements On Tuesday, Bitcoin (COIN:BTCUSD) revisited the $58,000 mark, reaching a daily high of $58,122, driven by significant BTC transfers by the German government. In testimony before the Senate, U.S. Federal Reserve Chairman Jerome Powell indicated an increased likelihood of a rate cut in September, stating that inflation is not the only economic…
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Futures Pointing To Modestly Higher Open On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Stocks may benefit from optimism about the outlook for interest rates ahead of several key economic events this week. However, early trading is likely…
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U.S. Stock Futures Rise Amid Focus on Fed Chairman Powell’s Speech, Oil Prices Fall
U.S. index futures are up in pre-market trading this Tuesday, with investors looking to sustain the all-time highs of the S&P 500 and Nasdaq. Attention is focused on the speech by Federal Reserve Chairman Jerome Powell. At 6:17 AM, Dow Jones futures (DOWI:DJI) rose 55 points, or 0.14%. S&P 500 futures advanced 0.23%, and Nasdaq-100…
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BP Slashes Profit Forecast by $700 Million; Morgan Stanley Predicts S&P 500 10% Drop, and More News
BP plc (NYSE:BP) – BP expects weak margins in its refining business to impact its second-quarter profits by up to $700 million. The decline in refining margins, due to excess renewable diesel in the US, is the main cause. Shares fell 3.5% in pre-market trading. Morgan Stanley (NYSE:MS) – Mike Wilson, Chief Investment Officer at…
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U.S. Stocks Close On Mixed Note; Nasdaq, S&P Hit Record Closing Highs
U.S. stocks ended mixed on Monday, turning a bit sluggish after a fairly good start. Among the major averages, the Nasdaq and the S&P 500 moved on to record highs, while the Dow ended in negative territory. Optimism about the outlook for interest rates aided stocks earlier in the session. However, the mood turned a…
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German Government Sells More BTC, Celo Launches Layer 2 Dango Testnet, Binance Delists Four Altcoins
Massive Bitcoin sale by German government triggers volatility in cryptocurrency market The German government transferred over $900 million in Bitcoin (COIN:BTCUSD), causing an immediate drop in the cryptocurrency’s price. According to Arkham Intelligence data, around 16,309 BTC were moved to exchanges like Bitstamp, Kraken, and Coinbase. After these transactions, Bitcoin’s price fell to a 24-hour…
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Looming Inflation Data, Powell Testimony May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction after turning in a strong performance last week. Traders may be reluctant to make significant moves ahead of several key economic events this week that could have a significant impact on…
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U.S. Index Futures Steady as Key Inflation Data and Earnings Reports Loom
U.S. index futures showed little movement in pre-market trading on Monday, in a week that promises to be busy with the release of inflation data and financial results from major companies in the financial and consumer sectors. At 6:12 AM, Dow Jones futures (DOWI:DJI) rose 4 points, or 0.01%. S&P 500 futures fell 0.03%, and…
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Paramount-Skydance $28B Merger, Boeing Agrees to Plead Guilty with $243.6M Fine, and More News
Paramount Global (NASDAQ:PARA) – Skydance Media and Paramount Global announced a merger, with Skydance acquiring National Amusements for $2.4 billion before merging with Paramount. This union will create a company valued at $28 billion, offering $4.5 billion to shareholders and adding $1.5 billion to Paramount’s balance sheet. The deal improves offers to the Redstone family…