ADVFN US – Market Content Editor
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U.S. Index Futures Mixed in Pre-Market Tuesday, Oil Dip
U.S. index futures signal a mixed opening this Tuesday in pre-market trading, reflecting investors’ caution as they assess the latest quarterly results. At 6:44 AM, the futures of the Dow Jones Industrial Average (DOWI:DJI) were up 66 points, or 0.17%. S&P 500 futures advanced 0.05%, and Nasdaq-100 futures fell -0.14%. The yield on 10-year Treasury…
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Disney Slashes Streaming Losses, UBS shoots up 9% as profit triples expectations, and More in Earnings
Walt Disney (NYSE:DIS) – In the fiscal second quarter, Disney exceeded analysts’ earnings estimates, thanks to reduced losses from its streaming services. The company reported a 17% increase in operating income for the segment, with Disney+ and Hulu turning a profit for the first time. Disney reported an adjusted earnings per share of $1.21, surpassing…
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Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News
Amazon (NASDAQ:AMZN) – Amazon plans to invest $8.88 billion in Singapore over the next four years to expand its cloud infrastructure, bringing its total in the region to over $17.06 billion by 2028. Tesla (NASDAQ:TSLA) – Tesla laid off employees in software, services, and engineering on Monday, as part of the announcement to reduce its…
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U.S. Stocks See Further Upside Amid Renewed Interest Rate Optimism
Stocks showed a strong move to the upside during trading on Monday, extending the rally seen to close out the previous week. With the continued advance, the major averages reached their best closing levels in almost a month. The Nasdaq and the S&P 500 reached new highs for the session going into the close of…
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Bitcoin Hits 1 Billion Transactions, Vodafone Turns Smartphones into Digital Wallets, and More Crypto News
Bitcoin processes 1 billion transactions, marking strong growth since 2009 The Bitcoin network (COIN:BTCUSD) achieved an impressive milestone by processing its billionth transaction, 15 years after the launch of its first block. Maintaining an average of 178,475 daily transactions, Bitcoin has demonstrated its ability to handle large volumes without centralized intermediaries. This milestone, achieved amidst…
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Index Futures Point to Strong Monday Opening, Building on Last Week’s Gains; Oil Prices Rise
U.S. index futures indicate a positive opening in Monday’s pre-market, extending the robust gains achieved last week. At 06:36 AM, the futures for the Dow Jones Industrial Average (DOWI:DJI) rose 102 points, or 0.26%. The S&P 500 futures advanced 0.29%, and the Nasdaq-100 futures gained 0.24%. The yield on 10-year Treasury bonds was at 4.473%.…
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Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News
Perficient (NASDAQ:PRFT) – After an acquisition agreement with EQT, a Swedish private equity firm, Perficient saw its shares soar 52.9% in pre-market trading to $73.55. EQT offered $76 per share, representing a 58% premium over Perficient’s closing price on Friday of $48.11. Luminar Technologies (NASDAQ:LAZR) – Luminar Technologies faces staff cuts, reducing 20% of its…
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Jobs Data, Apple Earnings Contribute To Extended Rally On Wall Street
Following the rally seen over the course of Thursday’s session, stocks showed another strong move to the upside during trading on Friday. The major averages all moved sharply higher, with the tech-heavy Nasdaq leading the charge. The major averages moved roughly sideways after an early surge, remaining firmly positive. The Dow jumped 450.02 points or…
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Bitcoin Surges Post Jobs Report, Coinbase Reveals $1.2 Billion 1Q Net Profit, and More Crypto News
Bitcoin rises in response to jobs data Bitcoin (COIN:BTCUSD) experiences a 4.5% increase on May 3, driven by US employment data. BTC/USD is trading at $61,751 at the time of writing. Specifically, non-farm payrolls numbers for April fell below expectations, indicating weakness in the job market. This revelation suggests a possible interest rate cut, as…
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Amgen, Bock Up; Cloudflare, Expedia Weak
Shares of Amgen (NASDAQ:AMGN) are moving sharply higher in pre-market trading after the biotechnology company reported first quarter results that exceeded analyst estimates on both the top and bottom lines. Payment services provider Bock (NYSE:SQ) is also likely to see initial strength after reporting better than expected first quarter results. Meanwhile, shares of Cloudflare (NYSE:NET)…