ADVFN US – Market Content Editor
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U.S. Stocks Move Mostly Lower Ahead Of Fed Announcement
Stocks have moved mostly lower over the course of the trading day on Tuesday, with the major averages all moving to the downside after ending the previous session modestly higher. In recent trading, the major averages have fallen to new lows for the session. The Dow (DOWI:DJI) is down 303.53 points or 0.8 percent at…
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Bitcoin, Ether Drop After Lackluster Hong Kong ETF Debut; Alliance Resource generates $30M in BTC, and More Crypto News
Modest launch of Bitcoin and Ethereum ETFs in Hong Kong The introduction of Bitcoin and Ethereum ETFs in Hong Kong began with below-expected performance, reaching a trading volume of approximately $11.19 million (87.58 million HKD), according to the Hong Kong Stock Exchange. These numbers fall well below the initial expectations, which predicted over $100 million.…
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Major Metropolitan Home Prices, Chicago-Area Business Activity, Consumer Confidence Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of February at 9 am ET. At 9:45 pm ET, MNI Indicators is due to release its report on Chicago-area business activity in the month of April. The Chicago business barometer is expected to rise to…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending yesterday’s lackluster session modestly higher. Traders may remain reluctant to make significant moves ahead of the Federal Reserve’s monetary policy announcement on Wednesday. The Fed is widely expected to leave…
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U.S. Index Futures Point to Mild Decline Ahead of Key Earnings and Fed Rate Decision
U.S. index futures indicate a slightly lower opening for Tuesday’s trading as Wall Street positions itself for a series of significant earnings releases from large-cap companies. This movement comes in a crucial week marked by the Federal Reserve’s deliberations on interest rates, an event closely watched by investors. As of 7:06 AM, the Dow Jones…
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Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News
Alphabet (NASDAQ:GOOGL) – Alphabet CEO Sundar Pichai has reached a fortune of ten digits, a result of the remarkable growth of Google’s stock since he took the helm in 2015. He has led the company through a period of expansion and innovation, boosting the stock value and company profits. His journey, from a humble childhood…
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HSBC’s High Profit & CEO Resignation, Santander’s 11% Profit Surge, and More in Earnings
HSBC (NYSE:HSBC) – Shares of HSBC advanced 3.7% in pre-market trading after revealing its first quarter results. With revenue of $20.8 billion, a 3% increase from the previous year, the bank reported a pre-tax profit of $12.65 billion, while net profit reached $10.84 billion. Basic earnings per share were $0.54. CEO Noel Quinn plans to…
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U.S. Stocks Finish Quiet Day Modestly Higher
Following the strong upward move seen last week, stocks managed to see further upside during trading on Monday. The major averages fluctuated over the course of the session but ended the day in positive territory. The Dow rose 146.43 points or 0.4 percent to 38389.09, the Nasdaq climbed 55.18 points or 0.4 percent to 15983.08…
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Bitcoin ETF Launch in Australia 2024, US User Ban by Wasabi Wallet, and More Crypto News
Australia prepares to launch Bitcoin ETFs in line with global trend Australia is aligning with other countries, such as the USA and Hong Kong, by planning to allow its citizens to invest in Bitcoin ETFs later this year. The Australian Securities Exchange (ASX:ASX) is considering approving its first offerings of spot Bitcoin ETFs, with companies…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to see further upside following the rally to close out the previous week. Stocks may continue to benefit from the upward momentum seen last week, which came amid a positive reaction to upbeat tech earnings. Trading activity…