ADVFN US – Market Content Editor
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Major Averages Post New Closing Highs
U.S. stocks closed higher on Monday and the major averages all ended at new highs, amid optimism about the outlook for earnings. The Dow, which climbed to a new high at 38,109.20, settled at 38,001.81, gaining 138.01 points or 0.36 percent. The S&P 500 ended with a gain of 10.62 points or 0.22 percent, at…
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Crypto: Terraform Labs Files for Bankruptcy, MetaMask and Consensys Stake Introduce ETH Staking, and More
Crypto market volatility causes $138 million liquidation in 24 hours The crypto market starts the week with significant losses, highlighted by the sharp falls of Solana (COIN:SOLUSD), Ripple (COIN:XRPUSD), and Cardano (COIN:ADAUSD). Bitcoin (COIN:BTCUSD), having lost the crucial support level of $41,000, affected other cryptocurrencies, resulting in over $138 million in liquidations, mainly of long…
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Leading Economic Indicators Report Due
The Conference Board is scheduled to release its report on leading economic indicators in the month of December at 10 am ET. The leading economic index is expected to decrease by 0.3 percent in December after falling by 0.5 percent in November.
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Earnings Optimism May Contribute To Continued Strength On Wall Street
Earnings Optimism May Contribute To Continued Strength On Wall Street The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the strong upward move seen to close out the previous week. The markets may continue to benefit from optimism about the outlook for earnings from major…
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Base Metals And Gold Weaker
Base metals and gold were weaker, weighed by a mixed macroeconomic environment and as investors awaited key monetary policy decisions this week. “Thursday’s [European Central Bank] decision will be the most impactful for our markets via the direction of the euro,” Peak Trading Research said.
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Crude Futures Down
Crude futures eased lower as concerns over the macroeconomic outlook and global oil demand offset the impact of geopolitical tensions in Russia and the Middle East. Prices failed to gain momentum despite Ukraine’s drone attack on a Russian fuel terminal in the Baltic Sea on Sunday and growing tensions in the Middle East amid increasing…
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Dollar Slips Lower
The dollar edged lower and it could struggle to rise unless concerns resurface that U.S. interest rates are likely to remain higher for longer and rate-cut expectations are trimmed back again, UniCredit Research said. “A return of market expectations towards a high-for-longer scenario in terms of U.S. policy rates is needed to provide the greenback…
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Wall Street Highlights: Sony Abandons Billion-Dollar Merger, SolarEdge Announces 16% Workforce Reduction, and More
In Monday’s pre-market, U.S. stock indices indicate a positive opening, reflecting investor optimism ahead of important economic reports to be released this week. Attention is focused on GDP data on Thursday and personal consumption expenditures prices on Friday, while the Wall Street earnings season promises to be bustling, with major technology companies about to release…
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US Futures, European Stocks Rise After U.S. Tech-Driven Rally
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.7% in morning trading. Kindred Group SDR rose 17% and S4 Capital rose 8.9%. On the other…
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Top Company News of the Day: Exxon, Macy, ADM, FDJ
Exxon Sues Two ESG Investors The oil giant says Arjuna Capital and Follow This want Exxon’s oil-and-gas business to shrink, putting them at odds with shareholders. Investor Threatens to Take Macy’s Offer to Shareholders Arkhouse says is will take all “necessary steps” to strike a deal for the famed department-store owner if talks fail to…