ADVFN US – Market Content Editor
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Arm Achieves Record Revenue, PayPal Shares Plummet by More Than 9%, and Latest Updates
Apple (NASDAQ:AAPL) – According to The Information, Apple is working on prototypes for at least two foldable iPhone models that fold horizontally, resembling a clamshell. These foldable devices are in the early stages of development and are not expected for mass production until 2024 or 2025. Apple has recently contacted at least one manufacturer in…
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U.S. Index Futures Dip Slightly, Oil Prices Climb
In Thursday’s pre-market, U.S. index futures are showing weakened performance, contrasting with the new peaks reached by the Dow Jones and S&P 500 the previous day. At 05:28 AM, Dow Jones (DOWI:DJI) futures fell 17 points, or 0.04%. S&P 500 futures fell 0.06%, and Nasdaq-100 futures rose 0.01%. The yield on 10-year Treasury bonds was…
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S&P 500 Climbs To New Record Closing High Just Shy Of 5,000
After ending Tuesday’s choppy trading session modestly higher, stocks showed a strong move to the upside during trading on Wednesday. The Dow and the S&P 500 set new record closing highs, with the latter reaching an intraday peak just shy of 5,000. The major averages pulled back off their best levels going into the close…
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Crypto: SEC Postpones Ether ETF Decision, Hut 8 Leadership Transition, and Latest News
Bitcoin on the brink of a breakout with $535 million at stake Bitcoin (COIN:BTCUSD) shows signs of stabilization in a narrow range, suggesting an imminent breakout. There is notable accumulation at strong support levels, reflecting a robust base for potential upside. However, for a significant uptrend, it is crucial to overcome resistance at $43,800. Analysis…
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U.S Trade Deficit Widened, Oil Inventories Report Due
With imports increasing by more than exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of December. The Commerce Department said the trade deficit increased to $62.2 billion in December from a revised $61.9 billion in November. Economists had expected the trade deficit to narrow to…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to add to the modest gains posted during yesterday’s choppy trading session. The markets may benefit from recent upward momentum, which helped lift the Dow and S&P 500 to record highs last week despite waning optimism about the…
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U.S. Index Futures Dip Ahead of Key Earnings Reports, Oil Prices Climb
In Wednesday’s pre-market, U.S. index futures show a negative trend, reflecting investor uncertainty as they await a new round of quarterly reports from renowned companies. At 5:49 AM, Dow Jones futures (DOWI:DJI) fell 38 points, or 0.10%. S&P 500 futures dropped 0.07%, and Nasdaq-100 futures were stable. The 10-year Treasury bond yield was at 4.121%.…
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Moody’s Downgrades NYCB to Junk Status, Ford Declares Special Dividend, and Other Market Updates
Moody’s (NYSE:MCO), New York Community Bancorp (NYSE:NYCB) – Moody’s downgraded the long-term and some short-term ratings of New York Community Bancorp to junk on Tuesday, with warnings of potential downgrades. The downgrade reflects high governance risks and potential sensitivity to confidence due to significant losses in commercial real estate loans. NYCB shares are down 9.76%…
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U.S. Stocks Finish Choppy Trading Day Modestly Higher
Following the significant volatility seen over the past few sessions, stocks showed a lack of direction throughout the trading day on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing modestly higher. The Dow climbed 141.24 points or 0.4 percent to 38,521.36, the S&P 500 rose…
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Crypto: Robinhood and MetaMask Join Forces, XMR and MULTI Plummet on Tuesday, and More
Innovative partnership between Robinhood and MetaMask makes crypto buying easier The partnership between Robinhood (NASDAQ:HOOD) and MetaMask brings an exciting development to the cryptocurrency market in the United States: the integration of Robinhood Connect with MetaMask’s Buy Crypto aggregator. This collaboration aims to simplify the cryptocurrency purchasing experience for Robinhood users, combining the cost efficiency…