ADVFN US – Market Content Editor
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European Union Imposes First Antitrust Fine on Apple Over Music Streaming Practices
The European Union has imposed its inaugural antitrust fine against American technology behemoth Apple (NASDAQ:AAPL), amounting to nearly $2 billion. The fine was levied for violating the bloc’s competition laws by preferentially promoting its own music streaming service at the expense of competitors. According to the European Commission, the executive arm and principal antitrust authority…
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Key U.S. Pre-Market Stock Movements: Companies in the Spotlight
In today’s pre-market trading, several stocks are showing significant movements, driven by a combination of corporate announcements, index inclusion news, and analyst upgrades. Super Micro Computer Inc (SMCI) sees a notable pre-market surge of approximately +11% following the announcement by S&P Dow Jones Indices that the company will be joining the S&P 500 index, taking…
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Stock Market Movements Amid Anticipation of Federal Reserve Chair’s Testimony and Labor Market Data
March futures for the S&P 500 E-Mini (ESH24) experienced a slight decline of 0.11%, while the Nasdaq 100 E-Mini futures (NQH24) saw a marginal increase of 0.03% in early trading. This cautious market movement comes as investors await Federal Reserve Chair Jerome Powell’s upcoming congressional testimony and prepare for significant U.S. labor market updates, with…
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Nasdaq Surges To Record High Amid Tech Sector Rally
Stocks showed a strong move to the upside during trading on Friday, adding to the gains posted in Thursday’s session. With the extended upward move, the Nasdaq (NASDAQI:COMP) and S&P 500 (SPI:SP500) once again reached new record closing highs. The tech-heavy Nasdaq jumped 183.02 points or 1.1 percent to 16,274.94 and the S&P 500 climbed…
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Manufacturing Activity, Construction Spending Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of February at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.5 in February from 49.1 in January, but a reading below 50 would still indicate contraction. Also at 10 am ET, the…
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Lingering Rate Uncertainty May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after ending the previous session mostly higher. Traders may take a step back to assess the near-term outlook for the markets after yesterday’s gains lifted the Nasdaq and S&P 500 to…
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Dell extends gains in premarket, jumps 21%
Shares of Dell Technologies Inc. (NYSE:DELL) continued to rally on Friday’s premarket trading after posting better-than-expected fourth-quarter results. Net income skyrocketed 91% to $1.2 billion, and its operating income rose 25% to $1.5 billion in the reported quarter. The company’s revenue dropped by 11% on an annual basis to land at $22.3 billion but came in higher than…
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Key Pre-Market U.S. Stock Movements: Surges and Slumps Shaping the Trading Day
In today’s pre-market trading session, several U.S. stocks are exhibiting significant movements, influenced by a range of corporate earnings reports and strategic announcements. Dell Technologies Inc (DELL) is witnessing a remarkable surge of approximately 21% after the tech giant outperformed in its Q4 earnings, provided an optimistic outlook for FY25, and announced a substantial 20%…
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S&P Futures Tick Lower Ahead of U.S. PMI Data and More Fed Speak
March S&P 500 E-Mini futures (ESH24) are experiencing a minor downturn, dropping by 0.23% this morning as investors gear up for the latest U.S. factory activity data and comments from Federal Reserve officials. This cautious sentiment follows a positive session on Wall Street, where major indexes closed on a higher note. Yesterday’s market saw notable…
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Snowflake’s Soaring Valuation Amidst Mounting Losses: A Reflection on Today’s Tech Sector
Twenty-five years after the first dot-com bubble, where tech giants boasted sky-high valuations despite modest profits, today’s landscape presents a stark contrast, leaving many MarketScreener analysts and columnists bewildered weekly. A prime example of this trend is Snowflake, a company that had already raised eyebrows last year due to its exorbitant valuation and the market’s…