ADVFN US – Market Content Editor
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Crypto this Tuesday: Circle Sets New USDC Standard, Binance and DOJ Near Billion-Dollar Settlement, and More
Binance and US DOJ negotiate billion-dollar deal in investigation The US Department of Justice is close to reaching a settlement of over $4 billion with Binance Holdings Ltd., amid a major investigation of the cryptocurrency exchange for money laundering, bank fraud, and sanctions breaches. Binance’s founder, Changpeng Zhao, faces the possibility of criminal charges in…
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Market Reaction: Wall Street dips, Treasury yields inch lower ahead of Fed minutes
On Tuesday, U.S. stocks experienced a slight decline, while benchmark Treasury yields saw a modest decrease due to a lack of significant market-moving factors to sustain the recent multi-session rally. All three major U.S. stock indexes registered declines, with the technology-heavy Nasdaq showing the most substantial drop, as investors eagerly awaited the earnings results of…
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U.S. Stocks May Give Back Ground In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to give back ground after moving mostly higher over the course of the previous session. Traders may look to cash in on the recent strength in the markets, which has lifted the major averages to…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Today, market participants will be closely monitoring the release of the Federal Reserve’s minutes from the November meeting for any new insights into the future trajectory of interest rates. “We are not expecting any major new information, but the minutes could be less dovish than the current market pricing. The minutes are likely to indicate…
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Tuesday’s Wall Street Highlights: Paramount Global, Nvidia, Zoom, Symbotic, Baidu, and more
U.S. index futures are down this Tuesday during the pre-market period, reflecting investor caution. They eagerly await the release of quarterly results from major U.S. companies, as well as the publication of the minutes from the most recent meeting of the Federal Open Market Committee (FOMC), scheduled for 2 PM. At 6:05 AM, Dow Jones…
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North American Morning Briefing: All Eyes on Nvidia Results
Market Wraps Watch For: FOMC Minutes, Existing Home Sales for October, Canadian CPI for October; Earnings from Nvidia, Kohl’s, Best Buy, HP, Nordstrom Today’s Top Headlines/Must Reads: – October Home Sales Likely Fell to New 13-Year Low – Biden’s Electric-Vehicle Push Hits a Speed Bump – Global platinum market on track to post largest supply…
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US Futures Flat, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Sonova Holding rose 6% and Rheinmetall added 4.7%. On the other hand, MorphoSys…
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Top Company News of the Day: MMG, Fortescue Metals, X, OpenAI
Chinese Property Stocks Soar on Hopes of More Supportive Measures Chinese property stocks rose sharply amid hopes for more policy support, after a media report said authorities are drafting a list of developers that are eligible for obtaining funding. MMG Plans to Buy Copper Mine in Africa for $1.88 Billion Chinese government-backed mining company MMG…
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U.S. Stocks Move Mostly Higher, Nasdaq Reaches Best Closing Level Since Late July
Following the lackluster performance seen to close out the previous week, stocks moved mostly higher during trading on Monday. The tech-heavy Nasdaq led the advance, reaching its best closing level since late July. The major averages pulled back off their highs going into the close but remained firmly positive. The Nasdaq jumped 159.05 points or…
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Crypto this Monday: Bullish Acquires CoinDesk, Santander Launches Swiss Crypto Services, and More
Javier Milei, bitcoin supporter, wins presidential election in Argentina Javier Milei was elected president of Argentina after Sergio Massa admitted defeat on Sunday night, with Milei securing 56% of the votes. Milei’s victory, known for criticizing the central bank and supporting bitcoin, influenced the cryptocurrency market, raising bitcoin (COIN:BTCUSD) by 2%, to $37,150. Milei advocates…