ADVFN US – Market Content Editor
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher. U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster…
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U.S. Stocks Close Higher; Nasdaq Outperforms
U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster trade, but turned positive with stocks gaining in strength gradually as the session progressed. The Dow ended higher by 50.66 points or 0.13 percent, at 39,169.52. The S&P…
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Manufacturing Activity and Construction Spending Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of June at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.1 in June from 48.7 in May, although a reading below 50 would still indicate contraction. Also at 10 am ET, the…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. Optimism about the outlook for interest rates may lead to renewed buying interest on Wall Street following last Friday’s closely watched…
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U.S. Stocks Showing Significant Downturn After Seeing Early Strength
Stocks moved mostly higher in early trading on Friday but showed a significant downturn over the course of the session. The major averages pulled back well off their early highs and into negative territory. After reaching record intraday highs, the Nasdaq (NASDAQI:COMP) slid 126.08 points or 0.7 percent to 17,732.60 and the S&P 500 (SPI:SP500)…
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BTC Price Struggles at $60K, Jesse Powell Supports Trump with Donation, Phantom Wallet Fake App Warning
Bitcoin struggles to maintain $60,000 After a promising start to 2024, with optimistic predictions that Bitcoin would reach $100,000, the price faced intense selling pressure in April and June, barely managing to stay above $60,000 by the end of the quarter. Bitcoin, which began the period near $71,000, saw a drop of over 14%, while…
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Consumer Price Inflation In Line With Estimates
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core…
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Inflation Data In Line With Estimates May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a higher open on Friday, as investors react to the release of closely watched inflation data. Early buying interest may be generated in reaction to a Commerce Department report showing readings on consumer price inflation in the month of May came in line with economist estimates.…
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US Index Futures Signal Higher Opening Amid Inflation Data Anticipation, Oil Prices Rise
US index futures point to a higher opening this Friday, as investors await new inflation data and look forward to closing a positive quarter for stocks. In the first half of the year, the Nasdaq Composite is on track for a 19% increase, driven by excitement around artificial intelligence. The S&P 500 has gained nearly…
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Nike Stock Drops 14% in Pre-Market; Nokia Acquires Infinera for $2.3 Billion, and More News
Nike (NYSE:NKE) – Nike shares fell 14.04% in pre-market trading. Nike exceeded fourth-quarter fiscal earnings estimates with adjusted earnings of $1.01 per share, but sales of $12.6 billion fell short of expectations. Annual revenue of $51.4 billion also missed the $51.6 billion target, despite adjusted earnings of $3.95 per share surpassing forecasts of $3.70 per…