ADVFN US – Market Content Editor
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First-Time U.S. Unemployment Claims Fall Slightly, New Residential Construction Drops Steeply
First-time claims for U.S. unemployment benefits saw a modest pullback in the week ended June 15th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims dipped to 238,000, a decrease of 5,000 from the previous week’s revised level of 243,000. Economists had expected jobless claims to…
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Nvidia May Lead Early Upward Move On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move the upside as trading resumes following the Juneteenth holiday on Wednesday. A notable advance by shares of Nvidia (NASDAQ:NVDA) may contribute to early strength on Wall Street, as the AI darling is surging by 3.7 percent…
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U.S. Index Futures Surge; Oil Prices Increase
U.S. index futures rose in pre-market trading on Thursday following the Juneteenth holiday. As of 6:21 AM, Dow Jones futures (DOWI:DJI) were up 42 points, or 0.11%. S&P 500 futures advanced 0.41%, and Nasdaq-100 futures gained 0.63%. The 10-year Treasury yield stood at 4.254%. In the commodities market, West Texas Intermediate crude for July rose…
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Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News
Trump Media & Technology Group (NASDAQ:DJT) – Trump Media & Technology Group announced that the SEC approved the resale of shares and warrants, expecting to raise about $247 million. With the warrants now exercisable, they plan to expand Truth Social and consider mergers. The company’s stock has fallen 46% in value since it closed its…
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Ether Surges Post SEC Investigation Closure, DJT Token Creator Reward Sparks Revelations, and More in Crypto
Ether rises after SEC closes investigation into Consensys The price of Ether (COIN:ETHUSD) rose by 1.7% at the time of writing after the SEC concluded its investigation into Consensys, the tech incubator behind the MetaMask wallet. The SEC informed that it would not recommend enforcement action against the company, according to letters sent on Tuesday.…
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Nvidia Overtakes Microsoft To Become World’s Most Valuable Company
Nvidia’s (NASDAQ:NVDA) share price climbed to an all-time high on Tuesday, boosting its value to make it the world’s highest valued company. The company’s stock price finished the trading day at almost $136, a rise of 3.5%, which means the company is now valued at $3.34 trillion. The price has nearly doubled since the start…
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Crypto market falls, Bitcoin ETF outflows, DJT token surges
Cryptocurrency market fall on Tuesday The cryptocurrency market is suffering on Tuesday, reflecting concerns about the global economy and lower liquidity in the summer. Bitcoin (COIN:BTCUSD) fell below $65,000 for the first time since mid-May, hitting a low of $64,237, and was trading at $64,500 at the time of writing. Ether (COIN:ETHUSD) is down 3%…
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U.S. Stocks Finish Choppy Trading Session Modestly Higher
Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the S&P 500 and the Nasdaq once again reached new record closing highs. The major averages all finished the day modestly higher. The S&P 500 (SPI:SP500) climbed…
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Retail Sales Slightly Up
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales crept up by 0.1 percent in May after dipping by a revised 0.2 percent in April. Economists had expected retail sales to rise by 0.2…
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U.S. Stocks May Experience Choppy Trading Early On
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to experience choppy trading after ending the previous session sharply higher. The futures remained little changed after the Commerce Department released a report showing retail sales in the U.S. inched up slightly less than expected in the…