ADVFN US – Market Content Editor
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US mortgage applications up 3.3%
Mortgage applications in the United States increased by 3.3% in the week ending April 12, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey published on Wednesday. According to the report, the average contract interest rate for 30-year fixed-rate mortgages jumped to 7.13% from last week’s 7.01%, reaching the highest level since December…
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EIA: US crude inventories up by 2.7M barrels
Crude oil stockpiles in the United States jumped by 2.7 million barrels to stand at 460.0 million barrels in the week ending April 12, the US Energy Information Administration shared in its report on Wednesday. The crude oil refinery inputs in the country averaged 15.9 million barrels per day, increasing 131,000 barrels per day from…
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Oil Inventories Report, 21-year Bonds Action Results Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended April 12th at 10:30 am ET. Crude oil inventories are expected to increase by 1.6 million barrels after jumping by 5.8 million barrels in the previous week. The Treasury Department is scheduled to announce the results of this…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to see initial strength following the lackluster performance seen in the previous session. Traders may once again look to pick up stocks at relatively reduced levels following recent weakness in the markets. While the Dow managed to snap…
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US Index Futures See Gains, Oil Prices Dip
U.S. index futures displayed positive performance in pre-market trading on Wednesday, with S&P 500 aiming to halt a downward trend that persisted over the last three consecutive days. As of 6:23 AM, Dow Jones futures (DOWI:DJI) were up 146 points, or 0.39%. S&P 500 futures rose 0.36%, and Nasdaq-100 futures increased by 0.22%. The yield…
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United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News
United Airlines (NASDAQ:UAL) – United Airlines forecasts an adjusted profit of between $3.75 and $4.25 per share for the June quarter. In the first quarter, it posted an adjusted loss of 15 cents per share, better than Wall Street’s estimate of a 57-cent loss per share. The company reaffirmed its earnings estimate for 2024 of…
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U.S. Stocks Finish Lackluster Session Narrowly Mixed
Stocks showed a lack of direction over the course of the trading day on Tuesday, as traders took a breather following the sell-off seen over the two previous sessions. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow (DOWI:DJI) rose 63.86 points or 0.2 percent…
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OKX Introduces X Layer for Scaling ETH, GBTC Holdings Halve Post-Launch, and More Crypto News
Bitcoin dropping to $62,000 doesn’t shake optimistic projections, while altcoins suffer significant losses Bitcoin (COIN:BTCUSD) retreated to just above $62,000, while Ether held just above $3,000 in the last 24 hours. LMAX Digital indicates that, by staying above $59,000, Bitcoin still has a promising outlook, with the potential to reach new historical peaks. However, several…
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AMD launches AI chips for business laptops and desktops
Advanced Micro Devices Inc. (NASDAQ:AMD) unveiled a new lineup of processors for personal computers on Tuesday, emphasizing a strong focus on artificial intelligence (AI) to enhance productivity and connectivity for business users. According to a recent press release, the new processors include the Ryzen Pro 8040 series for laptops and the Ryzen Pro 8000 series…
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Microsoft to reportedly announce new $1.5B AI deal with UAE
Microsoft Corp. (NASDAQ:MSFT) is set to unveil a substantial $1.5 billion deal with Emirati company G42 for the development of artificial intelligence technologies, as reported by The New York Times on Tuesday. This partnership marks a significant move in the tech industry, reflecting the growing importance of AI in global business strategies. Under the terms…