ADVFN US – Market Content Editor
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Crypto: Bitcoin Surpasses $42K on Friday, Canaan Raises $50 Million for Expansion and R&D, and More
Bitcoin surpasses $42,000 with reduced selling pressure and favorable economic outlooks Bitcoin (COIN:BTCUSD) saw a significant increase of 5.3%, reaching $42,020, buoyed by the reduction in outflows from the Grayscale Bitcoin Trust (AMEX:GBTC), easing investor concerns and propelling weekly gains into positive territory. Fernando Pereira, analyst at Bitget, highlighted the bullish scenario for cryptocurrencies, supported…
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Wall Street Highlights: Intel’s Disappointing Quarterly Forecast, PayPal’s New AI Solutions for Merchants, and More
In the pre-market on Friday, U.S. index futures experienced declines, reflecting investors’ reactions to lower-than-expected sales forecasts by giants such as Intel (NASDAQ:INTC) and Tesla (NASDAQ:TSLA), announced on Thursday. The market is also anticipating the release of the Personal Consumption Expenditures price index deflator, which is the inflation indicator most closely monitored by the Federal…
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U.S. Stocks Close Mostly Higher Amid Positive Reaction To Economic Data
Stocks gave back ground after an early advance but rebounded going into the close to end Thursday’s trading mostly higher. The Dow and the S&P 500 once again reached new record closing highs, while the Nasdaq edged up its best closing level in well over two years. The Dow ended the session just off its…
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Crypto: Tesla’s 4Q BTC Holdings, Final Ethereum Update Tests, and More
BTC price experienced a slight fluctuation following an optimistic US GDP report Bitcoin (COIN:BTCUSD) dropped by less than 1%, approaching $39,600, after the US reported a 3.3% growth in fourth-quarter GDP, surpassing expectations of 2%. While this growth was lower than the 4.9% seen in the previous quarter, it nearly matched December’s inflation rate of…
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended January 19th at 10:30 am ET. Crude oil inventories are expected to decrease by 3.0 million barrels after falling by 2.5 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…
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Futures Move To The Upside Following Mixed U.S. Economic Data
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. Technology stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The…
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Oil Trading Higher
Oil prices traded higher after data showed a significant drop in U.S. crude stockpiles last week and China cut reserve requirements for banks in order to spur growth, bolstering sentiment around the country’s economic recovery. Middle East tensions have continued to support prices, but analysts don’t expect to see strong gains unless supply gets materially…
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Wall Street Highlights: Nokia’s Margins Surprise, FAA Halts Boeing Production Expansion, and More
In the pre-market on Thursday, U.S. index futures are showing positive performance, with investors keeping an eye on the fourth-quarter GDP. At 05:45 AM, Dow Jones futures (DOWI:DJI) rose by 102 points, or 0.27%. S&P 500 futures increased by 0.07%, and Nasdaq-100 futures remained stable. The yield on 10-year Treasury bonds stood at 4.157%. In…
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US Futures Mixed, European Stocks Fall Ahead of ECB Rate Decision
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Nokia climbed 6.5% and Netcompany Group rose 6.1%. On the other hand, IG Group…
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Top Company News of the Day: Nokia, Publicis, Boeing, Hewlett Packard
Nokia Starts to See Green Shoots Despite Ongoing Challenges Nokia expects the challenging network industry environment to continue through the first half of 2024 as operator spending remains muted, but said the situation should improve later in the year. Publicis Sales Growth Picks Up Publicis said organic revenue growth accelerated to 5.7% in the fourth…