ADVFN US – Market Content Editor
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U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast
U.S. index futures fell in pre-market trading on Thursday, particularly technology stocks, which saw a significant depreciation after Meta Platforms (NASDAQ:META) announced disheartening forecasts. At 6:44 AM, the Dow Jones (DOWI:DJI) futures were down 257 points, or 0.66%. The S&P 500 futures fell by 0.64%, and the Nasdaq-100 futures lost 0.95%. The yield on 10-year…
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Southwest Shares Tumble 9.6% Post $231 Million 1Q Loss, AstraZeneca Surges on 19% Annual Increase, and More on Earnings
Southwest Airlines (NYSE:LUV) – Southwest Airlines’ shares fell 9.6% in pre-market trading after reporting a larger first-quarter loss compared to the previous year and warned of potential delays from Boeing impacting its growth until 2025. The company plans to increase capacity by 4%, below the planned 6%, and expects a decline in revenue for the…
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BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News
BHP (NYSE:BHP), Anglo American (LSE:AAL) – BHP announced a $38.8 billion bid for Anglo American, boosting the latter’s shares by 12.4%. The proposal, aiming to create the world’s largest copper miner, offers a 31% premium to Anglo’s shareholders, who are reviewing the offer. The deal could trigger a wave of consolidation in the industry, with…
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U.S. Stocks Finish Lackluster Session Little Changed
Stocks turned in a lackluster performance during trading on Wednesday following the strong upward move seen to start the week. After moving to the upside early in the session, the major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow…
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Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News
Possible effects on Bitcoin price with US dollar depreciation and Mt. Gox refund Cryptocurrency traders anticipate a potential depreciation of the US dollar, which could favor Bitcoin’s recovery (COIN:BTCUSD). Conversely, some banks still see a strengthening dollar on the horizon. At the time of writing, Bitcoin was down by -2.5%, trading at $64,771.50. Since March,…
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EIA: US crude inventories down by 6.4 million barrels
Commercial crude oil inventories in the United States, not considering those in the Strategic Petroleum Reserve (SPR), went down by 6.4 million barrels to 453.6 million barrels in the week ending April 19, the Energy Information Administration (EIA) stated in its report published on Wednesday. Oil refinery inputs averaged 15.9 million barrels per day (bpd)…
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US mortgage applications down 2.7%
Mortgage applications in the United States decreased by 2.7% on a seasonally adjusted basis in the week ending April 19, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey showed on Wednesday. According to the report, the average 30-year mortgage rate increased to 7.24% from 7.13%. The Refinance Index fell 6% compared to the previous…
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US durable goods orders up 2.6% in March
The number of durable goods orders in the United States went up by 2.6% or $7.3 billion in March, landing at $283.4 billion, a report published by the United States Census Bureau on Wednesday showed. Transportation equipment led the upbeat trend, jumping 7.7% or $6.8 billion in comparison to the previous month, coming in at…
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U.S. Manufactured Goods New Orders Surge; Oil Inventories Expected To Increase
With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March. The report said durable goods orders soared by 2.6 percent in March after climbing by a downwardly revised 0.7 percent…
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AT&T Exceeds First-Quarter Expectations with Strong Subscriber Growth and Cash Flow
AT&T has exceeded Wall Street forecasts for the first quarter, bolstered by significant growth in wireless subscriber additions and an impressive increase in free cash flow. The telecom leader saw a surge in customers opting for its higher-tier unlimited plans, largely driven by its competitive pricing and expansive 5G network rollouts. During this period, AT&T…