ADVFN US – Market Content Editor
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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…
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended March 22nd at 10:30 am ET. Crude oil inventories are expected to dip by 1.0 million barrels after decreasing by 2.0 million barrels in the previous week. The Treasury Department is due to announce the results of this…
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S&P 500 May Regain Ground Following Three-Day Losing Streak
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks poised to attempt another rebound following pullback seen late in the previous session. Traders may once again look to pick up stocks at somewhat reduced levels after early buying interest faded over the course of Tuesday’s session. The major…
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Investor Confusion Erupts Over Trump’s “DJT” Stock Symbol
The launch of former President Donald Trump’s Truth Social platform brought not just political intrigue but also a curious hiccup in the financial markets, causing confusion and excitement among investors. On Tuesday, the first day of trading for Trump Media & Technology Group under the symbol “DJT,” several brokerage balances experienced a momentary surge, sending…
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Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe…
Every morning, investors wake up to a flurry of analysts’ recommendations that can significantly impact their investment decisions. These insights often reflect changes in market sentiment, strategic shifts within companies, and evolving economic landscapes. Here’s a roundup of notable analyst recommendations covering North America for March 27th: FedEx Corporation (NYSE: FDX) BNP Paribas Exane has…
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Pre-market Movers: IBIO, DRCT, NUVB, PAYS, LUXH…
The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 07.30 A.M. ET). In the Green iBio, Inc. (IBIO) is up over 86% at $2.14.Nuvation Bio Inc. (NUVB) is up over 21% at $3.50.PaySign, Inc. (PAYS) is up over 20% at $4.06.Hitek Global Inc. (HKIT) is up over 19%…
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US mortgage applications down 0.7%
Mortgage applications in the United States decreased by 0.7% on a seasonally adjusted basis for the week ending March 22, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey showed on Wednesday. Further details from the report indicate a slight decline in the Purchasing Index, which fell from 146.0 to 145.7 points. The Mortgage Market…
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U.S. Stock Index Futures Point to a Rebound, Oil See Declines in Early Trading
U.S. index futures indicate an uptrend in pre-market trading on Wednesday, bouncing back after a previous unfavorable session that further distanced the indices from reaching their record levels. At 05:57 AM, Dow Jones futures (DOWI:DJI) rose 145 points, or 0.37%. S&P 500 futures advanced 0.34%, and Nasdaq-100 futures gained 0.36%. The 10-year Treasury yield was…
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GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News
GameStop (NYSE:GME) – GameStop reported $1.79 billion in revenue for the fourth quarter, which is less than the $2.23 billion earned in the same quarter of the previous year. However, the company announced an adjusted earnings per share of 22 cents, compared to the previous year’s 16 cents per share. Shares of the video game…
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U.S. Stocks Close Modestly Lower Following Late-Day Pullback
Stocks saw modest strength throughout much of the trading day on Tuesday before coming under pressure in the final hour of the session. The major averages all moved to the downside, finishing the day in negative territory. After climbing by more than 100 points earlier in the day, the Dow (DOWI:DJI) ended the session down…