ADVFN US – Market Content Editor
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U.S. Stocks Recover From Early Weakness To Close Little Changed
After coming under pressure early in the session, stocks regained ground over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day before ending the day little changed. The major averages moved to the downside going into the close, finishing narrowly mixed. While the Nasdaq…
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Supply Increase Pressures Ethereum; Chainlink Launches Protocol for Transaction Privacy
Ethereum supply increase could push price downward Last week, 7,728 Ethereum tokens (COIN:ETHUSD) were added to circulation, raising the supply to 120.39 million ETH, the highest in six months. This increase, without corresponding demand, could pressure the price downward. Ethereum network activity also fell by 3%, negatively affecting transaction fees. ETH is currently priced at…
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Higher Treasury Yields May Lead To Extended Pullback On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Tuesday, with stocks likely to see further downside after ending the previous session mostly lower. Renewed concerns about the outlook for interest rates may weigh on Wall Street following a recent surge by U.S. treasury yields. The yield on the benchmark ten-year note…
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US Futures Slip as Investors Eye Q3 Earnings; Oil Prices Drop
U.S. index futures fell in premarket trading on Tuesday after the Dow Jones ended a three-day winning streak. Investors are focused on interest rate comments and Q3 earnings, with 20% of the S&P 500 reporting profits this week. However, concerns over excessive 2025 expectations remain. At 5:00 AM ET, Dow Jones futures (DOWI:DJI) dropped 128…
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HSBC Begins Major Restructuring; SAP’s Cloud Revenue Grows 25%; Logitech Shares Drop 7.3% Pre-Market
HSBC Holdings (NYSE:HSBC) – HSBC is undergoing a major restructuring under new CEO Georges Elhedery, focusing on cost-cutting and simplification. The merger of commercial and institutional banking operations will be overseen by Michael Roberts. Additionally, Pam Kaur has been appointed as the bank’s first female CFO, while regional changes create new autonomous units in the…
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Dow Gives Back Ground But Nasdaq Closes In Positive Territory
Following recent strength on Wall Street, the major U.S. stock indexes turned in a mixed performance during trading on Monday. While the Dow showed a notable pullback, the tech-heavy Nasdaq managed to end the day in positive territory. The Dow slid 344.31 points or 0.8 percent to 42,931.60 and the S&P 500 (SPI:SP500) dipped 10.69…
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IBIT Among Top 3 Traded ETFs This Year; Sui Launches Blockchain Hub in Dubai; DYDX and APE in Focus
Bitcoin ETFs reach $2.1 billion in weekly inflows, with IBIT leading Last Friday, Bitcoin ETFs saw their fifth consecutive day of inflows, with net entries reaching $273.71 million, totaling approximately $2.1 billion for the week. ARK 21Shares (AMEX:ARKB) led with $109.86 million, followed by BlackRock’s iShares (NASDAQ:IBIT) with $70.41 million. Of the $2.1 billion total,…
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground following recent strength. Traders may look to cash in on the recent strength in the markets, which has seen the major averages close higher for six consecutive weeks. The advance has lifted the Dow…
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US Futures Trade Mixed as Investors Eye Corporate Earnings and Geopolitical Risks; Oil Prices Rise
U.S. index futures are mixed in pre-market trading on Monday, following record highs for the Dow Jones and S&P 500 and their best weekly streaks of 2024. Investors are anticipating more corporate earnings this week, while remaining cautious about overvalued prices and geopolitical risks. As of 5:05 AM, Dow Jones futures (DOWI:DJI) rose 24 points…
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Spirit’s Stock Surges 56% on Refinancing; Starboard Invests in Kenvue; Cigna-Humana Merger Back in Negotiations
Spirit Airlines (NYSE:SAVE) – Spirit Airlines managed to extend its $1.1 billion debt refinancing deadline by two months, until December 23, with the help of U.S. Bank. The company, which has been facing losses and doubts about its ability to pay debts, seeks to increase revenues and reduce costs. Shares rose 56.5% in pre-market trading…