ADVFN US – Market Content Editor
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US Futures, European Stocks Largely Flat
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Flutter Entertainment climbed 9.6% and Viaplay Group Series B rose 9.2%. On the…
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Top Company News of the Day: Hyundai, Kia, Tesla, Spotify, Boeing
Hyundai and Kia Emerge as Tesla’s Biggest U.S. Rivals A pair of allied Korean carmakers are pushing to launch electric vehicles ahead of competitors. Spotify Dominates Audio Streaming, but Where Are the Profits? The company has expanded beyond music to stay ahead but has struggled to make money. Boeing Secures Order for 150 MAX Jets…
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U.S. Stocks Move Mostly Lower As Data Adds To Interest Rate Uncertainty
After coming under pressure early in the session, stocks remained mostly lower throughout the trading day on Wednesday. The major averages added to the losses posted during Tuesday’s session, with the Dow falling to its lowest closing level in almost a month. The major averages regained ground going into the close of trading but remained…
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Crypto: RNDR, LINK, CHZ Emerge as Wednesday’s Top Performers, Ethereum Pilots Dencun Update, and More
Lesser-known tokens gain prominence in the crypto market While Bitcoin (COIN:BTCUSD) remains stagnant at $42,500, smaller tokens such as Chiliz (COIN:CHZUSD) and Klaytn (COIN:KLAYUSD) are gaining attention in the cryptocurrency market. CHZ, used to buy Fan tokens on Socios.com, rose 40.3% in the last 7 days. KLAY, supported by the giant Kakao, shows a weekly…
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US Retail Sales Increased More Than Expected
The Commerce Department released a report on Wednesday showing U.S. retail sales increased by more than expected in the month of December. The report said retail sales climbed by 0.6 percent in December after rising by 0.3 percent in November. Economists had expected retail sales to advance by 0.4 percent. Excluding a jump in sales…
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Futures Pointing To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the weakness seen in the previous session. Ongoing uncertainty about the outlook for interest rates may weigh on Wall Street amid recent concerns the Federal Reserve won’t lower rates as early as previously…
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Metal Prices Fall
Metals prices were falling as the latest figures from top consumer China weighed on market sentiment, revealing the country’s economy grew at one of its slowest rates in decades last year. Meanwhile, the impact of shipping disruptions in the Red Sea seems to be having only a marginal impact on commodities, but further escalation of…
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Oil Prices Down On Stronger Dollar
Oil prices traded lower on a stronger dollar as investors scaled back expectations of imminent interest-rate cuts following comments from a Fed official. “Oil markets continue to trade in a fairly rangebound manner despite developments in the Middle East,” ING said. “Comments from a Fed official and a surge in the USD yesterday held large…
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Euro Falls To Lowest Level This Year Against Dollar
The euro fell to its lowest level against the dollar so far in 2024 as bond markets reassessed interest-rate cut pricing, driving Treasury yields higher, Danske Bank Research said. “EUR/USD faced renewed pressure as markets reassessed the aggressive pricing of rate cuts.” Danske Bank Research maintained its strategic case for a lower EUR/USD, and in…
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Central Bankers Push Back Against Rate Cuts
Stock futures fell on Wednesday as central-bank officials’ cautious comments regarding the speed of rate cuts continued to weigh. European Central Bank President Christine Lagarde said this morning that interest-rate cuts were likely, but data dependent and that there was still some uncertainty. This came after Fed governor Christopher Waller said Tuesday that continued declines…