ADVFN US – Market Content Editor
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Ethereum Nears $4K, Bitcoin ETFs Hold Over 1 Million BTC, and More Crypto News
Bitcoin ETFs reach milestone of 1 million bitcoins held For the first time, Bitcoin ETFs worldwide have surpassed the milestone of 1 million bitcoins held, according to Bold.report. US ETFs lead, with the Grayscale ETF (AMEX:GBTC) holding around 292,000 BTC. Following are BlackRock (NASDAQ:IBIT) and Fidelity (AMEX:FBTC), with significant recent transaction volumes, consolidating the growing…
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Nasdaq Reaches New Record Closing High But Dow Nearly Unchanged
Following the downturn seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the rebound, surging to a new record closing high. The Nasdaq jumped 184.76 points or 1.1 percent to 16,920.94 and the S&P 500 (SPI:SP500) climbed 36.88 points…
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Trading of Ether ETFs Delayed, LINK Performs Well, and More Crypto News
Ethereum ETFs approved but trading still pending The SEC has given the green light to eight Ethereum ETFs from major management firms like BlackRock (NYSE:BLK), Fidelity, and Grayscale. However, the delay in finalizing the S-1 forms, essential for the commencement of trading, might prolong the process. Experts indicate that the sluggishness is due to last-minute…
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U.S. Index Futures Show Pre-Market Gains, Oil Prices Fall
U.S. index futures are up in pre-market trading this Friday after a drop in the three major indexes in the previous session, during which the Dow Jones posted its worst session in over a year. At 06:46 AM, Dow Jones futures (DOWI:DJI) rose 69 points, or 0.18%. S&P 500 futures advanced 0.29%, and Nasdaq-100 futures…
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Workday Shares Drop 12%, VF Corp Divests Assets for Cash Boost, and More
VF Corp (NYSE:VFC) – VF Corp, the owner of Vans and North Face brands, sold two jets and listed a hangar for sale as part of its cost-cutting and cash-generating strategies. These actions are part of the company’s plan to address continuous revenue declines and prepare for future debt maturities. Morgan Stanley (NYSE:MS) – James…
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U.S. Stocks Move Mostly Lower As Early Buying Interest Evaporates
Stocks moved mostly higher at the start of trading on Thursday but failed to sustain the initial upward move and came under pressure over the course of the session. The major averages pulled back well off their highs of the session and into negative territory. After reaching record intraday highs, the Nasdaq fell 65.51 points…
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U.S. House Approves FIT21 Law, Hong Kong Considers Staking in Ether ETFs, and More Crypto News
U.S. House approves FIT21, boosting regulatory framework for cryptography The U.S. House of Representatives has passed the Financial Innovation and Technology Act for the 21st Century (FIT21), marking a significant advance in the regulation of digital assets. With a vote of 279 to 136, the bill received strong bipartisan support and promises to establish clear…
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First-Time U.S. Unemployment Claims Fell More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th. The Labor Department said initial jobless claims slid to 215,000, a decrease of 8,000 from the previous week’s revised level of 223,000. Economists had expected jobless claims to…
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Upbeat Nvidia Earnings Likely To Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to lead an early rally following upbeat quarterly results from Nvidia (NASDAQ:NVDA). Shares of Nvidia (NASDAQ:NVDA) are soaring by 7.0 percent in pre-market trading after the AI darling reported better than expected fiscal first quarter results and…
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Nvidia Stocks Surge Up to 7% Pre-Market; VF Corp Drops 15%, and More in Earnings
Nvidia (NASDAQ:NVDA) – The adjusted earnings per share were $6.12, exceeding the expected $5.59. Revenue reached $26.04 billion, a 262% year-over-year increase, surpassing the anticipated $24.65 billion. For the next quarter, the company forecasts $28 billion in sales. In the quarter ended April 28, data center revenue was $22.6 billion, a 427% year-over-year increase. Nvidia…