ADVFN US – Market Content Editor
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Morning Analyst Recommendations Update: Walmart, Delta, Netflix…
Every morning, we provide a selection of analysts’ recommendations. The list includes companies that have experienced a change in opinion, a revision in the price target, or new coverage. Abbvie: Cantor Fitzgerald initiates an overweight recommendation with a target price of USD 200. Applied Materials: Citigroup maintains its buy recommendation and raises the target price…
-
Reddit Announces Content Partnership with OpenAI, Shares Rise 15%
OpenAI and Reddit announced a new partnership on Thursday, a move that will bring content from the social media platform to ChatGPT. The agreement will help Reddit further diversify its revenue streams. “OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities,” the companies said in…
-
OpenAI’s Reddit Partnership Boosts Shares by 14%, Microsoft Embraces AMD Chips for AI, and More News
Reddit (NYSE:RDDT) – Reddit has partnered with OpenAI to integrate its content with ChatGPT, boosting the platform’s shares. This initiative aims to diversify beyond advertising, following a similar collaboration with Alphabet to train AI models. Investors see significant revenue potential in data for AI. Reddit’s shares rose 13.7% in pre-market trading. Microsoft (NASDAQ:MSFT), Advanced Micro…
-
DXC Technology Plummets 22.2% After Pessimistic Projections, Doximity Stocks Surge 14% in Pre-Market, and More on Earnings
Doximity (NYSE:DOCS) – Shares of Doximity rose 14% in pre-market trading due to a positive fiscal report for the fourth quarter. The company exceeded expectations with an adjusted earnings of $0.25 per share and revenues of $118.1 million, reflecting a 6% year-over-year increase, driven by a 9% growth in subscription revenues. It also announced plans…