ADVFN US – Market Content Editor
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U.S. Stocks Show Significant Move Back To The Upside
Stocks showed a strong move back to the upside during trading on Wednesday, partly offsetting the sell-off seen in the previous session. The major averages all moved higher on the day, with the tech-heavy Nasdaq leading the rebound. After plunging by 1.8 percent Tuesday’s trading, the Nasdaq (NASDAQI:COMP) surged 203.55 points or 1.3 percent to…
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Crypto: Citi Tokenizes Blockchain Funds, Robinhood’s Crypto Revenue Surges by 10%, and Latest Updates
Bitcoin recovery boosts crypto stocks in the US A recent surge of Bitcoin (COIN:BTCUSD) above $51,000 has boosted the shares of crypto companies in the US, with Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR) among the beneficiaries. The increase propelled BTC to a market capitalization of $1 trillion, aligning it with giants like Meta (NASDAQ:META) and Amazon…
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Lyft, Robinhood Shares Strong
Shares of Lyft (NASDAQ:LYFT) are soaring in pre-market trading after the ride-hailing company reported better than expected fourth quarter results and provided upbeat guidance. Investing platform Robinhood (NASDAQ:HOOD) is also seeing significant pre-market strength after reporting fourth quarter results that exceeded analyst estimates on both the top and bottom lines. On the other hand, shares…
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Oil Inventories Report Due
At 10:30 am ET, the Energy Information Administration is scheduled to release its report on oil inventories in the week ended February 9th. Crude oil inventories are expected to increase by 2.6 million barrels after jumping by 5.5 million barrels in the previous week. Chicago Federal Reserve Bank President Austan Goolsbee is due to participate…
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Traders May See Yesterday’s Sell-Off As Buying Opportunity
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Traders may see the sharp pullback during Tuesday’s session as a buying opportunity amid ongoing optimism about the outlook for the markets. While yesterday’s inflation data further…
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U.S. Stocks Move Sharply Lower On Hotter-Than-Expected Inflation Data
Stocks moved sharply lower during trading on Tuesday, with the major averages all showing significant moves to the downside after ending Monday’s trading narrowly mixed. The Dow pulled back well off yesterday’s record closing highs. The major averages climbed off their worst levels going into the close but still posted steep losses on the day.…
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U.S. Consumer Prices Up More Than Expected
A highly anticipated report released by the Labor Department on Tuesday showed consumer prices in the U.S. increased by slightly more than expected in the month of January. The Labor Department said its consumer price index rose by 0.3 percent in January after inching up by 0.2 percent in December. Economists had expected consumer prices…
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Hotter-Than-Expected Inflation Data Likely To Weigh On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Tuesday, with stocks likely to come under pressure after ending the previous session narrowly mixed. The futures showed a significant move to the downside following the release of a highly anticipated Labor Department report showing consumer prices in the U.S. increased…
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Dow Reaches New Record Closing High But Nasdaq, S&P 500 Give Back Ground
Stocks showed a lack of direction over the course of the trading session, with the major averages bouncing back and forth across the unchanged before eventually closing narrowly mixed. The Nasdaq and the S&P 500 had been poised to set new record closing highs but pulled back into negative territory in afternoon trading. While the…
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Teva Pharmaceutical, Urban Outfitters Upgraded
Shares of Teva Pharmaceutical (NYSE:TEVA) are seeing significant pre-market strength after Piper Sandler upgraded its rating on the pharmaceutical company to Overweight from Neutral. Retailer Urban Outfitters (NASDAQ:URBN) may also move to the upside after UBS upgraded its rating on the company’s stock to Neutral from Sell. On the other hand, shares of Big Lot…