ADVFN US – Market Content Editor
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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…
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Private Sector Job Growth Slowed More Than Expected
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April. Economists had expected private sector employment to…
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Weaker Than Expected Jobs Data May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing initial strength on Wall Street on Wednesday, with stocks likely to see further upside after ending yesterday’s lackluster session mostly higher. Early buying interest may be generated in reaction to a report from payroll processor ADP showing private sector job growth in the U.S. slowed by more…
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Apollo Buys 49% of Intel’s Irish Plant for $11bn, BlackRock and Citadel to Create Texas Exchange, and More News
Intel (NASDAQ:INTC), Apollo Global Management (NYSE:APO) – Intel launched its sixth-generation Xeon processors for servers and Gaudi 3 AI accelerators at competitive prices, aiming to regain market share in the data center sector dominated by AMD. The new chips promise greater efficiency and performance, essential for AI applications and data center operations. Additionally, Apollo Global…
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Hewlett Packard Up 15% in Pre-Market, Stitch Fix Climbs 17% After Beating Forecasts, and More on Earnings
Hewlett Packard Enterprise (NYSE:HPE) – Hewlett Packard Enterprise exceeded revenue expectations, driven by strong demand for AI servers, projecting third-quarter revenue between $7.4 billion and $7.8 billion. In the second quarter, HP Enterprise reported revenue of $7.2 billion, a 3% increase from the previous year, and above FactSet’s forecast of $6.8 billion. Adjusted earnings of…
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U.S. Index Futures Rise Ahead of Economic Data; Oil Prices Edge Higher
U.S. index futures are showing gains in pre-market trading this Wednesday, with investors expressing optimism while awaiting new economic data and assessing recent corporate earnings results. At 6:32 AM, Dow Jones futures (DOWI:DJI) rose 61 points, or 0.16%. S&P 500 futures advanced 0.23%, and Nasdaq-100 futures gained 0.47%. The 10-year Treasury yield stood at 4.342%.…
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Crypto: CoreWeave’s $1 Billion Bid for Core Scientific, Bitpanda and Deutsche Bank Form Strategic Banking Partnership, and More
Bitcoin nears record high after strong influx into BlackRock’s ETF The price of Bitcoin surged to a high of $71,108.90 on Tuesday, influenced by record inflows into BlackRock’s Bitcoin ETF (NASDAQ:IBIT). Currently, it is priced at $70,919, marking a 3.08% increase in 24 hours. Other cryptocurrencies, such as Ethereum (COIN:ETHUSD), Binance Coin (COIN:BNBUSD), Solana (COIN:SOLUSD),…
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U.S. Stocks Finish Choppy Trading Day Modestly Higher
Stocks fluctuated over the course of the trading session on Tuesday before eventually ending the day modestly higher. The major averages all finished the day in positive territory following the mixed performance seen on Monday. The Dow (DOWI:DJI) climbed 140.26 points or 0.4 percent to 38,711.29, the Nasdaq (NASDAQI:COMP) rose 28.38 points or 0.2 percent…
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Crude Oil, Gold Futures Slump
Crude oil futures are slumping $1.15 to $73.07 a barrel after plunging $2.77 to $74.22 a barrel on Monday. Meanwhile, after jumping $23.50 to $2,369.30 an ounce in the previous session, gold futures are falling $15 to $2,354.30 an ounce. On the currency front, the U.S. dollar is trading at 154.82 yen compared to the…