ADVFN US – Market Content Editor
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Private Sector Employment Up By Less Tan Expected; Job Openings Report Due
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of February. ADP said private sector employment rose by 140,000 jobs in February after climbing by an upwardly revised 111,000 jobs in January. Economists had expected private sector employment to…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after moving notably lower over the two previous sessions. The futures remained positive as the Federal Reserve released Fed Chair Jerome Powell’s prepared remarks before the House Financial Services Committee. Powell will…
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Recent Analyst Upgrades and Downgrades: A Glimpse into Market Sentiments
In a series of recent analyst revisions, several major corporations have seen significant changes in their stock recommendations and price targets, reflecting shifting market sentiments and expectations for future performance. Here’s an overview of some notable adjustments: Crowdstrike Holdings, Inc. Morningstar has revised its stance on Crowdstrike Holdings, Inc., upgrading the cybersecurity firm from ‘sell’…
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U.S. Stock Futures Gain Ahead of Economic Insights; Oil Prices Climb
U.S. index futures signal a higher opening after two days of declines, with the market focusing on the ADP survey and the Fed’s Beige Book, seeking clues about the future economy and monetary policy. At 05:31 AM, Dow Jones futures (DOWI:DJI) rose 92 points, or 0.24%. S&P 500 futures advanced 0.39%, and Nasdaq-100 futures increased…
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Airship AI skyrockets with DOJ contract; Carrier Global sells Fire Industrial division for $1.43 billion, and Latest News
Airship AI Holdings (NASDAQ:AISP) – While the tech sector fell on Tuesday’s trading session, shares of Airship AI stood out, soaring 200% after securing a contract with the U.S. Department of Justice. Based in Redmond, Washington, the company uses AI to assist clients in law enforcement and defense. President Paul Allen stated that the company…
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Strong Performances in the Fourth Quarter Drive Couchbase and CrowdStrike in Pre-Market
CrowdStrike (NASDAQ:CRWD) – The cybersecurity company’s stock price jumped more than 24% after the fourth quarter financial results were announced, surpassing forecasts. CrowdStrike‘s earnings per share of 95 cents exceeded analysts’ estimates, who expected 82 cents, according to LSEG. The company’s revenue reached $845 million, surpassing the projected $839 million. Furthermore, the company released forecasts…
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Cryptos back to gains, Bitcoin surges over 5%
Major cryptocurrencies returned to the green territory and continued their rally on Wednesday after it was briefly stopped the day before. On Tuesday, Bitcoin surpassed the $69,000 mark and reached its fresh all-time high as its halving event is approaching. The upward trend in cryptocurrencies has been almost unstoppable since the beginning of 2024, with Bitcoin climbing by almost 60% and…
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US higher in premarket with Powell’s testimony looming
Major stock indexes on Wall Street traded higher in the premarket on Wednesday as attention turned to Federal Reserve Chair Jerome Powell’s testimony in Congress, which will last two days. Investors are looking to pick up more cues on when the United States central bank could potentially start easing its monetary policy. Meanwhile, in data,…
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Europe’s New Digital Markets Act Marks a Shift in Tech Regulation
Another day brings another multi-billion dollar regulatory fine from Europe that is unlikely to dent the balance sheet of a tech giant. However, this time, the European Commission’s $2 billion fine against Apple (AAPL) signifies the end of a confusing era and the beginning of a new phase where competition watchdogs might be quicker and…
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Wall Street Strategists Divided Over Potential Market Bubble Amid Stock Surge
The nearly 10% surge in major U.S. stock indices in just over two months this year has left strategists from JPMorgan Chase (JPM) and Goldman Sachs (GS) split over the possibility of a bubble forming in the market. Marko Kolanovic, chief strategist at JPMorgan, sees the dramatic rise in U.S. stocks and the rapid ascent…