ADVFN US – Market Content Editor
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U.S. Stocks Finish Lackluster Session Little Changed Ahead Of Jobs Data
Following the rally seen over the course of Wednesday’s session, stocks turned in a relatively lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow (DOWI:DJI) rose 78.84 points or 0.2 percent to 38,886.17, the Nasdaq (NASDAQI:COMP)…
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Robinhood Acquires Bitstamp for $200 Million, Binance Reactivates Mastercard Purchases, and More Crypto News
Binance reactivates cryptocurrency purchases with Mastercard Binance, the largest cryptocurrency exchange by volume, has announced the reactivation of Mastercard (NYSE:MA) for cryptocurrency purchases. According to a statement on the X platform, the functionality has been restored with a single purchase limit of up to 5,000 euros, about $5,440, and $20,000 for transactions in U.S. dollars.…
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First-Time Unemployment Bebefit Claims Up More Than Expected; U.S. Trade Deficit Widened
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended June 1st. The Labor Department said initial jobless claims climbed to 229,000, an increase of 8,000 from…
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Traders May Take A Breather Following Yesterday’s Rally As Jobs Data Looms
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the rally seen over the course of the previous session. Traders may take a step back to assess the outlook for the markets following yesterday’s surge, which lifted the Nasdaq…
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Nvidia Becomes 2nd Most Valuable Company in the USA, ASML Takes 2nd Spot in Europe, and More News
Nvidia (NASDAQ:NVDA) – The AI chip manufacturer is now the second most valuable company in the world after reaching a record market value, surpassing $3 trillion and Apple (NASDAQ:AAPL). With growing demand for its AI chips, the company is also preparing for a ten-for-one stock split, increasing interest from individual investors. This valuation increase in…
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Sprinklr Stock Plummets 22% Pre-market, Five Below Slides 16% on Weak Results and Projections, and More on Earnings
Sprinklr (NYSE:CXM) – In the first quarter, Sprinklr exceeded expectations, reporting earnings per share of 9 cents, while revenue reached $195.96 million, slightly above analysts’ forecast of 7 cents per share and revenue of $194.37 million. However, the company revised its annual revenue projections downward to between $779 million and $781 million, below previous expectations…
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US Index Futures Mixed; Oil Prices Rise
U.S. index futures are trading mixed in pre-market on Thursday after the S&P 500 and Nasdaq reached new closing records. Investors are eagerly awaiting the May jobs report, to be released on Friday, hoping to detect signs of weakness in the labor market, which could support potential interest rate cuts by the Federal Reserve. At…
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Nvidia’s Market Value Surges, Overtaking Apple
The market value of chip manufacturer Nvidia (NASDAQ:NVDA) has surged past $3 tn, which lifts the company ahead of Apple (NASADAQ:AAPL). The share price rose over 5% on Wednesday, to more than $1,224. This makes the company the second most valuable publicly listed company in the world, just behind Microsoft (NASDAQ:MSFT). Nvidia’s increase began last…
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Nasdaq, S&P 500 Rally To New Record Closing Highs
Stocks moved sharply higher over the course of the trading day on Wednesday, adding to the modest gains posted in the previous session. With the rally on the day, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) saw further upside going into the close,…
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Bitcoin Surpasses $71K Mark as US Bitcoin ETFs See $886 Million Influx, and More in Crypto
Bitcoin surpasses $71,000 and targets new record Bitcoin (COIN:BTCUSD) surpassed the $71,000 mark today, reaching an intraday high of $71,804.13, marking its highest price since May 21. The cryptocurrency is currently trading up 0.7% at $71,115 at the time of writing. According to technical analyses from CoinGecko, the cryptocurrency is approaching its final resistance before…