ADVFN US – Market Content Editor
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Major Averages Turn In Another Mixed Performance
After ending Thursday’s session on opposite sides of the unchanged line, the major U.S. stock indexes turned in another mixed performance during trading on Friday. While the tech-heavy Nasdaq added to yesterday’s strong gain, the Dow extended its losing streak to five sessions. The Nasdaq reached a new record intraday high in early trading but…
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Lazard to Create Tokenized Funds; Hack Exposes Vulnerability in Base Blockchain, and More
Lazard bets on asset tokenization with Bitfinex and SkyBridge Lazard (NYSE:LAZ), a 175-year-old asset manager, has signed an agreement with Bitfinex Securities and SkyBridge Invest to create tokenized funds regulated by the Astana Financial Services Authority in Kazakhstan. Bitfinex will manage tokenization, while SkyBridge will oversee fund management and brokerage. These products will provide retail…
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New Orders for U.S. Manufactured Durable Goods Fell More Than Expected
Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods slid by 0.8 percent in September, matching a revised decrease in August. Economists had…
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U.S. Stocks May Move To The Upside In Early Trading
The major U.S. index futures are currently pointing to initial strength on Wall Street on Friday, with stocks likely to move mostly higher following the mixed performance seen in the previous session. Ongoing optimism about the outlook for the economy may contribute to strength on Wall Street despite recent concerns about the Federal Reserve lowering…
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US Futures Rise; Oil Prices Edge Higher
US index futures rose in pre-market trading Friday, with optimism around corporate earnings and lower Treasury yields. At 5:18 AM ET, Dow Jones futures (DOWI:DJI) were up 85 points, or 0.20%. S&P 500 futures gained 0.25%, and Nasdaq-100 futures advanced 0.29%. The 10-year Treasury yield stood at 4.20%. In commodities, West Texas Intermediate crude for…
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Capri Shares Crash 45% After Merger Block; Coursera Falls 18% on Lower Revenue Forecast
Tapestry (NYSE:TPR), Capri (NYSE:CPRI) – A U.S. judge blocked the $8.5 billion merger between Tapestry and Capri, favoring the Federal Trade Commission (FTC) and marking a win for the Biden administration before the elections. The FTC argued the merger would reduce competition among top U.S. handbag makers, raising prices. Tapestry’s shares rose 12.4% pre-market, while…
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Nasdaq, S&P 500 Regain Ground But Dow Extends Losing Streak
Following the steep drop seen during Wednesday’s session, the major U.S. stock indexes turned in a mixed performance during trading on Thursday. The Nasdaq and the S&P 500 regained ground, but the narrower Dow saw further downside to close lower for the fourth straight day. The major averages finished the day on opposite sides of…
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Chainlink Integrates Oracles with Bitcoin; Synthetix Launches v3 with Liquidity on Arbitrum; Kraken Bets on L2 INK Network
Chainlink integrates data with Bitcoin for the first time via Spiderchain Chainlink (COIN:LINKUSD) expanded its oracle services to Bitcoin for the first time, integrating with Spiderchain, a layer 2 developed by Botanix Labs. This integration enables Spiderchain to access Chainlink’s oracle services, bringing real-world data to Bitcoin smart contracts. The goal is to allow Bitcoin…
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Initial Jobless Claims Fell Unexpedtedly
After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week’s revised…
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Bargain Hunting, Tesla Earnings May Trigger Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following recent weakness on Wall Street, which has seen the Dow and the S&P 500…