ADVFN US – Market Content Editor
-
Options Market Eyes CPI Report Over Fed Rate Decision, Citi Says
In a recent analysis by Citigroup, the spotlight in the financial markets is firmly on the upcoming inflation report rather than the Federal Reserve’s impending interest rate decision. According to the bank’s equity strategists, led by Stuart Kaiser, the S&P 500 Index is expected to experience a significant move of 0.9% in either direction this…
-
Dow Posts Modest Gain But Nasdaq, S&P 500 See Further Downside
After coming under pressure over the course of the previous session, stocks saw further downside in early trading on Monday. The major averages regained ground over the course of the trading day, however, with the Dow closing modestly higher. While the Dow (DOWI:DJI) inched up 46.97 points or 0.1 percent to 38,769.66 after falling nearly…
-
Bitcoin Outshines Silver in Market Value as London Embraces Crypto-Backed Securities, and More News
Bitcoin surpasses silver and reaches top among global assets With a recent increase of 4.71% in its value, Bitcoin (COIN:BTCUSD) reached the impressive mark of $72,273.60, raising its market capitalization to $1.413 trillion. This notable ascent caused Bitcoin to surpass silver in market value, positioning itself as the eighth largest global asset. Despite this achievement,…
-
Futures Pointing To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to see further downside following the notable downturn seen over the course of last Friday’s session. Uncertainty about the outlook for interest rates may weigh on the markets ahead of the release of key inflation data in the…
-
Market Movements: Analysts Adjust Targets and Recommendations
In a series of noteworthy updates from financial analysts, several prominent companies have seen changes in stock recommendations and target prices, reflecting the ongoing shifts in market sentiment and company valuations. Dominion Energy, Inc. Sees a Downgrade BMO Capital Markets has revised its stance on Dominion Energy, Inc., downgrading the company to ‘Market Perform’ from…
-
U.S. Index Futures Dip Ahead of Inflation Data and Oracle’s Earnings; Oil Prices Edge Higher
In Monday’s pre-market trading, U.S. index futures are indicating a downward move, following the worst week for the Dow Jones since October. Investors are keeping an eye on the important inflation data expected this week and the financial results from Oracle, which will be announced after today’s market close. At 06:15 AM, Dow Jones futures…
-
Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone
OpenAI – Sam Altman, CEO of OpenAI, returns to the board along with three new directors, following a WilmerHale investigation into his dismissal last November. The company has strengthened its governance rules and conflict of interest policy, with unanimous board support. Coinbase (NASDAQ:COIN), MicroStrategy (NASDAQ:MSTR), Marathon Digital (NASDAQ:MARA) – In pre-market trading, Coinbase registers a…
-
Financial Markets Reach New Peaks Amid Rate Cut Expectations and AI Enthusiasm
Financial markets globally have ascended to unprecedented heights this week, buoyed by the sustained excitement around artificial intelligence and growing anticipation of rate cuts by the Federal Reserve and the European Central Bank in June. Jerome Powell’s addresses to Congress initially bolstered these expectations, which were further fueled by Christine Lagarde’s announcement of reduced growth…
-
Global Financial Markets Brace for Key Economic Indicators
Financial markets worldwide are gearing up for a crucial week filled with significant economic updates. In the United States, the spotlight will be on the inflation rate, retail sales, producer inflation, the Michigan consumer sentiment index, and industrial production. Across the pond, the UK will focus on its unemployment rate, industrial production, GDP growth for…
-
U.S. Stocks Close Firmly In The Red As Early Buying Interest Evaporates
Stocks moved mostly higher in early trading on Friday but showed a notable downturn over the course of the session. The major averages pulled back well off their early highs, with the tech-heavy Nasdaq (NASDAQI:COMP) showing a particularly steep drop. The major averages staged a failed recovery attempt in the latter part of the session,…