ADVFN US – Market Content Editor
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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…
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U.S. Futures Show Mixed Trends Ahead of May Retail Sales Data, Oil Prices Edge Lower
U.S. index futures show mixed behavior in pre-market trading this Tuesday, following a day of gains on Wall Street. Investors are adjusting their positions in response to expectations of forthcoming economic data releases. As of 6:31 AM, Dow Jones futures (DOWI:DJI) dropped by 5 points, or 0.01%. S&P 500 futures advanced by 0.07%, and Nasdaq-100…
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Fisker Files for Bankruptcy, Chegg Stocks Rise on 23% Workforce Reduction, and More
Fisker (NYSE:FSR) – The American electric vehicle manufacturer filed for bankruptcy last night, aiming to sell its assets and restructure debts following severe financial challenges in the production and delivery of its “Ocean” SUVs. Fisker, declaring bankruptcy under Chapter 11, reported assets valued between $500 million and $1 billion and liabilities ranging from $100 million…
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Nasdaq, S&P 500 Reach New Record Closing Highs
Stocks showed a lack of direction early in the session on Monday but moved notably higher over course of the trading day. The major averages all moved to the upside, with the Nasdaq and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…
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US BTC ETFs Suffered $621 million Outflows Last Week, ASX Approves VanEck ETF, and More
Crypto ETP outflows hit $600 million after Fed’s aggressive stance The Federal Reserve’s aggressive stance caused the worst week for outflows from crypto ETPs since March, totaling $600 million. The reduction in rate cut forecasts for 2024 affected institutional investor confidence. Bitcoin ETFs experienced outflows of $621 million, while Ethereum, XRP, and Lido ETPs saw…
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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 open on Monday, with stocks likely to continue to show a lack of direction after ending last Friday’s trading little changed. Traders may stick to the sidelines as they take a moment to assess the recent activity in the markets and the near-term…
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U.S. Index Futures Mixed; Commodities and Global Markets Update
U.S. index futures are mixed in the pre-market this Monday, in a shortened week due to the Juneteenth holiday, which will keep markets closed on Wednesday. At 6:20 AM, Dow Jones futures (DOWI:DJI) fell 126 points, or 0.33%. S&P 500 futures declined 0.16%, and Nasdaq-100 futures gained 0.09%. The 10-year Treasury yield stood at 4.236%.…
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Goldman Sachs Raises S&P 500 Forecast for 2024; Disney Secures Deadpool & Wolverine in Chinese Cinemas, and More
Walt Disney (NYSE:DIS) – Disney managed to secure the release of Deadpool & Wolverine in Chinese cinemas in July, after previous restrictions. This move increases Disney’s revenue potential as American films often generate more revenue in China than in the US. Additionally, Pixar’s Inside Out 2 grossed an impressive $155 million on its opening weekend…
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U.S. Stocks Close Little Changed But Post Strong Weekly Gains
Stocks saw modest weakness throughout much of the trading session on Friday but recovered to end the day roughly flat. The tech-heavy Nasdaq bounced back and forth across the unchanged line before eventually ending the session at a record closing high. While the Nasdaq (NASDAQI:COMP) crept up 21.32 points or 0.1 percent to 17,688.88, the…
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Miners’ Selling Trends, Bernstein’s Stellar Bitcoin Price Projections, and More in Crypto
Bitcoin recovers slightly; hash rate drop indicates possible miner capitulation After a negative day for the crypto sector, Bitcoin (COIN:BTCUSD) recovered by 0.60% on Friday morning, priced at $67,122.71 in the last 24 hours. Regarding the recent dynamics in the Bitcoin mining market, the hash rate has dropped to around 600 exahashes per second, suggesting…