ADVFN US – Market Content Editor
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CalPERS to Oppose Exxon Mobil Directors; Microsoft Unveils Copilot+ PCs with AI Focus, and More News
Exxon Mobil (NYSE:XOM) – The California Public Employees’ Retirement System (CalPERS) announced it will vote against Exxon’s 12 board nominees, citing the company’s legal action against activist investors. CalPERS warned in a letter that such legal action could diminish investors’ roles and rights in influencing the company’s financial outcomes. The vote will take place at…
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U.S. Index Futures Open Lower Amid Nasdaq Record, Fed Speeches
U.S. index futures opened slightly lower in pre-market trading on Tuesday, reflecting investor caution after the Nasdaq hit a record high close, while the market remains attentive to speeches from various Federal Reserve members. At 7:27 AM, Dow Jones futures (DOWI:DJI) fell 4 points, or 0.01%. S&P 500 futures declined 0.01%, and Nasdaq-100 futures lost…
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Nasdaq Reaches New Record Closing High But Dow Gives Back Ground
After an early advance, the major U.S. stock indexes moved in opposite directions over the course of the trading session on Monday. The tech-heavy Nasdaq added to last week’s strong gains, reaching a new record closing high, while the Dow gave back ground after closing above 40,000 for the first time last Friday. The Nasdaq…
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Ethereum ETFs Decision Nears, Peter Mintzberg Named New Grayscale CEO, and More Crypto News
Imminent SEC decision on Ethereum ETFs generates cautious expectations The SEC is set to issue a new decision on Ethereum ETFs this week, with mixed expectations among experts. Despite recent concerns, including Grayscale decisions that have strained the market, the expectation is that the SEC might finally start accepting exchange-traded funds in stages. VanEck and…
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U.S. Stocks May Add To Last Week’s Strong Gains In Early Trading
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week. The Dow closed above 40,000 for the…
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Li Auto Stocks Drop Post Earnings; Calhoun Re-elected to Boeing Board, and More News
Li Auto (NASDAQ:LI) – Li Auto shares fell 4.5% in pre-market trading after reporting first-quarter results. Li Auto’s vehicle revenues of 24.25 billion yuan (US$ 3.4 billion) increased 32% year-over-year but fell short of the expected 26.71 billion yuan. Deliveries of the Chinese automaker’s first pure electric car were below targets, resulting in a net…
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U.S. Index Futures Edge Slightly Higher in Pre-Market Trading, Oil Prices Dip
U.S. index futures showed a slight uptick in Monday’s pre-market, buoyed by the Dow Jones closing above the significant 40,000 point mark for the first time the previous week. At 6:16 AM, Dow Jones futures (DOWI:DJI) rose 13 points, or 0.03%. S&P 500 futures advanced 0.10%, and Nasdaq-100 futures gained 0.18%. The 10-year Treasury yield…
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Upcoming Economic Highlights: FOMC Minutes, Earnings Reports, and Global Indicators
The upcoming week in the United States is expected to be relatively calm, with a significant focus on the release of the Federal Open Market Committee (FOMC) minutes and various appearances by Federal Reserve officials. Traders will be keenly watching for any signs indicating when the Fed might start cutting interest rates. Current economic data…
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Dow Finishes Choppy Trading Day Above 40,000 For First Time
Following the modest pullback seen over the course of the previous session, stocks showed a lack of direction during trading on Friday. The major average spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. Despite the choppy trading, the Dow closed above 40,000 for the first time, rising…
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Bitcoin Hits $67K, US Faces Crucial Vote on Crypto Regulation, and More
Bitcoin reaches $67k on Friday after institutional drives and regulatory expectations On Friday, Bitcoin’s price (COIN:BTCUSD) experienced a strong recovery, surpassing US$ 67,000 after a brief drop below US$ 65,000 the previous day. Bitcoin’s price was currently around US$ 67,160, with a 3% increase over 24 hours. The recovery was fueled by several positive entries…