ADVFN US – Market Content Editor
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U.S. Futures Slightly Dip Amid Corporate Earnings and Quiet Economic Calendar, Oil Prices Fall
U.S. index futures show slightly negative fluctuations on a day with a limited economic agenda, as investors await statements from key Federal Reserve officials. Throughout the day, figures such as Vice Chairman Philip Jefferson, Boston Fed President Susan Collins, and Fed Director Lisa Cook are expected to share their perspectives, potentially influencing market expectations. At…
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Meta Platforms Expands AI Ads, Apple Boosts iPhone Shipments, and More Highlights
Meta Platforms (NASDAQ:META) – Meta announced the expansion of its AI-generated ad products, enabling the automatic creation of image variations and text overlay. The tool, currently in testing, aims to simplify campaign creation but faces concerns about third-party use of intellectual property. Apple (NASDAQ:AAPL) – Chinese shipments of iPhones increased by 12% in March, following…
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Reddit Rises 15% After First Quarterly Report, Upstart and Twilio Plunge Due to Weak Q2 Forecast, and More in Earnings
Reddit (NYSE:RDDT) – Shares of the social media company rose 15% in pre-market trading due to better-than-expected quarterly earnings in its first report since the company went public in March. Reddit generated revenue of $243 million, surpassing the $212.8 million expected by FactSet analysts. The loss per share was $8.19, which may not be directly…
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U.S. Stocks Close Little Changed But Dow Extends Winning Streak
Stocks saw modest strength throughout much of the trading session on Tuesday but gave back ground in afternoon trading to end the day little changed. The Dow still managed to close higher for the fifth consecutive session, reaching its best closing level in a month. The major averages ended the day narrowly mixed. While the…
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Tellor Tributes Skyrocket 104% in May, Marathon Digital Set to Enter S&P SmallCap 600, and More Crypto News
Tellor Tributes surges over 100% in May In May, Tellor Tributes (COIN:TRBUSD), a decentralized oracle network, saw impressive growth, nearly doubling its market capitalization at the beginning of the month. Tellor’s market value surged from $143.32 million on April 30 to $290.3 million on May 7. This increase is associated with growth in whale activity…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to roughly flat open on Tuesday, with stocks likely to show a lack of direction after moving sharply higher over the past several sessions. Traders may take a breather on the heels of the advance seen during Monday’s session, which extended the rally seen to close out…
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U.S. Index Futures Mixed in Pre-Market Tuesday, Oil Dip
U.S. index futures signal a mixed opening this Tuesday in pre-market trading, reflecting investors’ caution as they assess the latest quarterly results. At 6:44 AM, the futures of the Dow Jones Industrial Average (DOWI:DJI) were up 66 points, or 0.17%. S&P 500 futures advanced 0.05%, and Nasdaq-100 futures fell -0.14%. The yield on 10-year Treasury…
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Disney Slashes Streaming Losses, UBS shoots up 9% as profit triples expectations, and More in Earnings
Walt Disney (NYSE:DIS) – In the fiscal second quarter, Disney exceeded analysts’ earnings estimates, thanks to reduced losses from its streaming services. The company reported a 17% increase in operating income for the segment, with Disney+ and Hulu turning a profit for the first time. Disney reported an adjusted earnings per share of $1.21, surpassing…
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Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News
Amazon (NASDAQ:AMZN) – Amazon plans to invest $8.88 billion in Singapore over the next four years to expand its cloud infrastructure, bringing its total in the region to over $17.06 billion by 2028. Tesla (NASDAQ:TSLA) – Tesla laid off employees in software, services, and engineering on Monday, as part of the announcement to reduce its…
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U.S. Stocks See Further Upside Amid Renewed Interest Rate Optimism
Stocks showed a strong move to the upside during trading on Monday, extending the rally seen to close out the previous week. With the continued advance, the major averages reached their best closing levels in almost a month. The Nasdaq and the S&P 500 reached new highs for the session going into the close of…