ADVFN US – Market Content Editor
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Top Company News of the Day: Apple, SQM, Credit Suisse, Microsoft
Apple Can Restart Watch Sales as U.S. Court Pauses Ban A U.S. appeals court temporarily lifted a federal agency’s import ban on Apple watch models while it weighs the company’s request to suspend the ban during litigation over patents. SQM Strikes Lithium Deal With State-Run Miner Codelco Chilean lithium company SQM has reached an agreement…
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U.S. Stocks Finish Choppy Trading Day Modestly Higher
Stocks showed a lack of direction throughout the trading session on Wednesday, with the major averages spending the day bouncing back and forth across the unchanged line. Despite the choppy trading, the Dow reached a new record closing high, and the Nasdaq and the S&P 500 ended the day at their best closing levels in…
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Crypto: MicroStrategy Expands BTC Holdings, Grayscale Leadership Renewed, MATIC Breaks $1 Barrier, and More
Bitcoin and cryptocurrencies display mixed movement on Wednesday Bitcoin (COIN:BTCUSD) and other cryptocurrencies have shown mixed performance in the last 24 hours, with traders assessing recent highs and awaiting new catalysts, including the expected approval of Bitcoin-holding ETFs. Bitcoin recorded a modest increase of 1.05%, reaching $43,070, mostly trading between $41,000 and $44,000 since December.…
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S&P Futures Edge Up Amid Optimism for Year-End Interest Rate Cut
March S&P 500 E-Mini futures are showing an upward trend this morning, following a positive close in the regular session for three major U.S. indices. This rise is fueled by the growing expectation that the Federal Reserve may initiate interest rate cuts as early as March. During Tuesday’s session, the S&P 500 reached a near…
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Metals and Gold Prices Rise
Metal prices were rising, with increasing Chinese earnings helping to boost prices in muted trading. Data from China showed that Chinese industrial profits rose 29.5% from a year earlier in November -a sign that the government’s stimulus efforts are helping the country’s economy. Meanwhile, worries over the wider global economy helped boost gold prices, given…
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Oil Edges Lower
Oil prices edged lower with trading muted through the festive period. Major shipping firms including Maersk and MSC are returning to shipping routes through the Red Sea, despite the ongoing fighting in the Middle East. Prices climbed on Tuesday over worries that exports through the region would be constrained by the hostilities.
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S&P 500 Hovers Near Record as Interest Rate Optimism Holds Sway
Stock futures were little changed on Wednesday, indicating the S&P 500 will open a fraction shy of a fresh record amid lingering optimism that borrowing costs will fall in 2024. “Aside from the customary Santa seasonality, any gains witnessed for the remainder of this week may be attributed to the notable increase in the probability…
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Wall Street Highlights: Apple Appeals Watch Ban, Tesla to Launch Updated Model Y, and More
U.S. index futures remained firm and stable in the pre-market on Wednesday, as investors closely watched the progress of the S&P 500 index, which is moving towards hitting record milestones. At 05:49 AM, the Dow Jones futures (DOWI:DJI) fell 2 points, or 0.01%. The S&P 500 futures fell 0.03% and the Nasdaq-100 futures retreated 0.01%.…
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Oil Exhibits a Downward Trend As the Crisis in the Red Sea is Closely Monitored
Oil is showing a downward bias after the strong gains of the previous day, as investors monitor developments in the Red Sea and some major carriers resume passage through the area, despite ongoing attacks and broader tensions in the Middle East. Benchmark indices rose more than 2% in the previous session due to fears of…
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Global shares climb, tracking advance on Wall Street
Global stock markets saw an uptick on Wednesday, with investors drawing inspiration from Wall Street’s gains as U.S. markets resumed trading post-holiday, anticipating a tranquil week with shortened trading sessions. The future contracts for major U.S. indices showed mixed movements. The S&P 500’s future contract witnessed a marginal increase of less than 0.1%, while the…