ADVFN US – Market Content Editor
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Powell Nixes Hope Of March Rate Cut
Federal Reserve chairman Jerome Powell has poured cold water on hopes of a rate cut in March. In an interview with TV show ’60 Minutes’, Powell reiterated comments from the press conference last Wednesday, that the FOMC would most likely not begin cutting rates in March. “The prudent thing to do is…to just give it…
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U.S. Stocks Extend Thursday’s Rally On Upbeat Meta, Amazon Results
Stocks moved sharply higher over the course of the trading day on Friday, extending the recovery rally seen during trading Thursday’s session. The major averages more than offset the steep drop seen on Wednesday, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels…
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Crypto: Valkyrie Selects BitGo as Custodian, Chainlink Surges 35% in the Week, and More
ARK Invest sees Bitcoin at $2.3 million with asset diversification and market updates ARK Invest predicts that Bitcoin could reach $2.3 million with a reallocation of 19.4% of global assets. The report highlights Bitcoin (COIN:BTCUSD) as an attractive investment, with an annualized return history of 44% over the past seven years, outperforming other assets. ARK…
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U.S Employment Surges, Unemployment Rate Unchanged
The Labor Department released a closely watched report on Friday showing employment in the U.S. surged by much more than expected in the month of January. The report said non-farm payroll employment spiked by 353,000 jobs in January compared to economist estimates for an increase of about 180,000 jobs. Job growth in November and December…
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Futures Give Back Ground Following Jobs Report But Remain Positive
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the significant rebound seen during the previous session. The markets may benefit from a positive reaction to earnings news from Facebook parent Meta Platforms (META) and online retail giant Amazon (AMZN). Shares of Meta are spiking…
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Amazon Surpasses Analyst Predictions with Stellar Q4 Performance, Stock Rises Over 7%
Amazon (NASDAQ:AMZN) showcased an exceptional performance in the fourth quarter after Thursday’s market close, exceeding analyst predictions and providing a solid outlook for the current quarter, leading to a stock rise of more than 7% in Friday morning’s trading. Amazon reported earnings of $1.00 per share, which exceeded the anticipated 80 cents per share forecasted…
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Apple Beats Q1 Revenue and Earnings Estimates Amid China Sales Drop, Shares Dip 3% in Early Trading
The technology behemoth Apple (NASDAQ:AAPL) unveiled its quarterly outcomes following the market closure on Thursday, surpassing revenue and earnings expectations for the first quarter, yet facing a significant downturn in sales within China, one of the firm’s crucial markets. Apple’s shares are witnessing a 3% decrease in Friday morning’s trading activities. Although Apple exceeded expectations…
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Meta Platforms Surges Over 17% with Q4 Earnings Beat and First-Ever Dividend Announcement
Meta Platforms (NASDAQ:META) exceeded earnings and revenue estimates in its fourth-quarter report on Thursday and announced its inaugural dividend payment, propelling its shares to soar more than 17% in response. Meta Platforms is also traded on the B3 through BDR (BOV:M1TA34). Meta reported earnings of $5.33 per share against the $4.96 per share expected by…
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U.S. Stocks Show Strong Move Back To The Upside After Yesterday’s Sell-Off
Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Thursday. The major averages fluctuated early in the session but climbed firmly into positive territory as the day progressed. The major averages finished the session near their best levels of the day. The Dow jumped…
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U.S. Unemployment Benefit Claims Up, U.S. Labour Productivity Surges
First-time claims for U.S. unemployment benefits unexpectedly saw a modest increase in the week ended January 27th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims rose to 224,000, an increase of 9,000 from the previous week’s revised level of 215,000. Economists had expected jobless claims…