ADVFN US – Market Content Editor
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News Highlights : Top Global Markets News of the Day – Wednesday
S&P 500 Hits New Record After Hot Inflation Data All three major indexes closed in the green, led higher by the Nasdaq. Frothy U.S. Stock Market Just Isn’t Crazy Enough to Be a Bubble Artificial intelligence and other sectors are inflated for sure, but to this columnist speculative mania isn’t evident. How China Tried to…
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U.S. Stocks Show Strong Move Back To The Upside On Inflation Data
After moving mostly lower over the two previous sessions, stocks showed a strong move back to the upside during trading on Tuesday. The major averages fluctuated over the course of the session but finished the day firmly in positive territory. The tech-heavy Nasdaq (NASDAQI:COMP) helped lead the way higher on the day, surging 246.36 points…
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Crypto: Binance Executives Detained in Nigeria, Grayscale’s Bitcoin Mini Trust Proposal and Latest News
Binance top executives detained by Nigeria in financial dispute Tigran Gambaryan and Nadeem Anjarwalla, senior officials of Binance, were detained by Nigeria, according to the Wall Street Journal and Wired, amid accusations against the cryptocurrency exchange. The detention followed the country’s demand for $10 billion from the company for untracked transactions. Arriving in Abuja on…
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Consumer Prices Increase in February; Core Consumer Price Growth Slowed
Consumer prices in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index climbed by 0.4 percent in February after rising by 0.3 percent in January. The advance matched expectations. Excluding food and…
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Positive Reaction To CPI Data May Lead To Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground following the pullback seen over the two previous sessions. The futures advanced following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of February. The Labor Department said…
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Wall Street Awaits Inflation Data Amidst Market Uncertainties
Wall Street is facing another uncertain start to the week, with volatility in megacap stocks highlighting the market’s need for clarity, particularly with the upcoming U.S. inflation update on Tuesday. This need for direction is further emphasized by recent inflation readings, which have begun to influence consumer expectations, potentially raising concerns for the Federal Reserve.…
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Analysts Adjust Ratings and Target Prices for Notable Stocks: Coinbase, Dollar General, Target, Veeva…
In recent developments within the stock market, a series of notable companies have received updated ratings and target price adjustments from leading financial analysts. These changes reflect the ongoing reassessment of company valuations and future prospects based on a variety of factors including financial performance, market trends, and broader economic indicators. Coinbase Global Sees Mixed…
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Global Markets Await U.S. Inflation Report: Mixed Movements in Pre-Market Trading
In the pre-market trading on Tuesday, U.S. index futures show mixed movements as investors wait for the inflation report that could indicate the direction of the Federal Reserve’s monetary policy. At 06:33 AM, Dow Jones futures (DOWI:DJI) fell 17 points, or 0.04%. S&P 500 futures advanced 0.24%, and Nasdaq-100 futures rose 0.43%. The yield on…
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Oracle Soars 13% With Exceptional Growth and Boosts Nvidia Shares With Collaboration Announcement, and More
Nvidia (NASDAQ:NVDA) – Nvidia shares are up 1.7% in Tuesday’s pre-market, driven by Oracle‘s (NYSE:ORCL) emphasis on its importance in the artificial intelligence market. After Monday’s close, Oracle announced a new cloud computing infrastructure deal with Nvidia. Nvidia shares closed lower on Monday, but Oracle CEO Safra Catz indicated a promising collaboration in an earnings…
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News Highlights: Top Company News of the Day- Tuesday
Having Overtaken Tesla, BYD Is Running Into Problems Overseas The Chinese EV maker is seeing vehicles pile up overseas amid weak demand, quality-control issues and internal tension. Alumina Signs Binding Agreement on $2.2 Billion Alcoa Takeover Alumina said its independent nonexecutive directors and CEO recommend shareholders vote in favor of the proposed takeover. Trump Now…