ADVFN US – Market Content Editor
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U.S. Stocks Close Little Changed Ahead Of Inflation Data
Following the strong upward move seen late in Wednesday’s session, stocks showed a lack of direction over the course of the trading day on Thursday. Despite the choppy trading, the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reached new record closing highs. The major averages eventually ended the session narrowly mixed. While the Nasdaq (NASDAQI:COMP)…
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Crypto: SBF Sentenced to 25 Years, DOGE and BCH Surge on Thursday, and More
Sam Bankman-Fried receives 25 years in high-profile trial Sam Bankman-Fried, founder of FTX, was sentenced to 25 years in prison, a verdict delivered by a court packed with spectators, marking a critical moment in the legal examination of the cryptocurrency sector. To be released at age 57, his conviction highlights the complexities and risks of…
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US consumer confidence rises in March
The Consumer Sentiment Index in the United States rose 3.3% in March month on month to stand at 79.4, the University of Michigan revealed in its final report on Thursday. The figure jumped 28.1% on an annual level. The Current Economic Conditions Index gained 3.9% compared to the month prior and 24.4% from March 2022,…
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US pending home sales up 1.6% in February
Pending home sales in the United States increased by 1.6% in February compared to the previous month, the National Association of Realtors (NAR) said on Thursday. The Pending Home Sales Index (PHSI) rose to 75.6, marking a 7.0% decrease from the previous year. The Northeast PHSI decreased 0.3% from last month to 63.4, and the…
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US initial jobless claims down 2,000 to 210,000
The number of seasonally adjusted initial jobless claims in the United States tumbled by 2,000 to 210,000 in the week ending March 23, the Department of Labor revealed in its report published on Thursday. The figure came in lower than analysts predicted. The four-week moving average fell by 750 in comparison to the week before,…
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US GDP growth revised up to 3.4% in Q4
The United States gross domestic product (GDP) grew 3.4% year over year in the fourth quarter of 2023, the Bureau of Economic Analysis announced in its third estimate report on Thursday. The reading was higher than the 3.3% registered in the first estimate and the 3.2% reported in the second. “The GDP estimate released today is based on…
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Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is looking to expand its wealth management and attract more investors by introducing the Wealth Plan tool to its 54 million Chase retail clients. This tool has recently seen about 10 million active users. The bank has also named Rita Chan and Alan Ho as the new senior co-heads…
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US Stock Futures Stable in Pre-Market On Path for Consecutive Quarterly Gains, Oil Prices Rise
U.S. index futures are nearly unchanged in pre-market trading this Thursday. The indexes are on track to close the second consecutive quarter with positive outcomes, in addition to marking the fifth consecutive month of gains. At 07:04 AM, Dow Jones futures (DOWI:DJI) dropped 6 points, or 0.01%. S&P 500 futures retreated 0.03%, and Nasdaq-100 futures…
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Late-Day Surge Contributes To Higher Close On Wall Street
Stocks fluctuated over the course of the trading session on Wednesday but managed to end the day mostly higher thanks to a late-day surge. With the upward move, the Dow and the S&P 500 snapped three-day losing streaks. The major averages all moved to the upside, with the Dow posting a standout gain. While the…
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Crypto: AI Token Merger, Hashdex ‘DEFI’ ETF Launch, and Latest News
Positive indicators hint at potential Bitcoin surge Bitcoin (COIN:BTCUSD) is showing promising signs of an impending uptrend. One of the evidences is the increase in the number of wallets holding over 1,000 BTC and the reduction of stock on Coinbase, hitting its lowest level since 2018. These factors, coupled with accumulation by “whales” and a…