ADVFN US – Market Content Editor
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US Futures Fall, European Stocks Rise as Traders Look Ahead to US CPI
U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average decreased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. Orpea added 8.2% and Phoenix Group Holdings rose 7.3%. On the other hand,…
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Top Company News of the Day: Origin, TPG, SK Hynix, Country Garden Services
Origin’s Largest Shareholder Turns Down Chance to Join Takeover Consortium Origin Energy’s largest shareholder said it rejected an offer to join the Brookfield Asset Management-led consortium trying to buy the Australian power retailer and generator. TPG Halts Talks With Vocus Over $4.01 Billion Asset Sale Amid Rival Interest TPG Telecom ended talks with Vocus over…
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U.S. Stocks Show Substantial Move Back To The Upside After Yesterday’s Pullback
Following the sharp pullback seen Thursday afternoon, stocks showed a substantial move back to the upside during trading on Friday. The Nasdaq surged to a nearly two-month closing high, while the Dow and the S&P 500 reached their best closing levels in well over a month. The major averages saw further upside going into the…
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Crypto This Friday: JPMorgan Launches Programmable Blockchain Payments, Solana reaches $50, and More
JPMorgan launches programmable payments via blockchain JPMorgan (NYSE:JPM), through its Onyx unit, has introduced programmable payments into its blockchain-based payment system, JPM Coin. This innovation enables automatic transactions following predefined rules, optimizing treasury functions for institutional clients. Initially launched with Siemens AG (TG:SIE), the service promises to increase fund efficiency and availability, operating continuously, even…
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Friday’s Wall Street Highlights: The Trade Desk, Unity, Groupon, Diageo, Plug Power, and more
In the pre-market on Friday, U.S. index futures show a mixed performance. Investors are carefully assessing the recent tougher statements from Jerome Powell, the Federal Reserve Chairman, along with a thorough analysis of quarterly financial reports from companies. At 5:56 AM, Dow Jones futures (DOWI:DJI) rose by 37 points, or 0.11%. S&P 500 futures fell…
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US Futures Up, European Stocks Down as Markets Digest Fed Comments
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.5% in morning trading. GN Store Nord rose 11.6% and IMCD rose 3.3%. On the other hand,…
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Top Company News of the Day: Meta, Microsoft, SoftBank, SMIC
Meta Strikes Deal to Return to China After 14 Years Chinese videogame maker Tencent agrees to start selling a new lower-cost headset from Meta late next year. Microsoft Temporarily Blocked Internal Access to ChatGPT, Citing Data Concerns The company later restored access to the chatbot, which is owned by OpenAI. SoftBank Group Shares Slump After…
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30-Year Bond Auction, Powell Remarks Lead To Pullback On Wall Street
Stocks showed a lack of direction for much of morning trading on Thursday but came under considerable pressure in the afternoon. The major averages all showed notable moves to the downside, with the Nasdaq and the S&P 500 snapping their longest winning streaks in two years. The major averages climbed off their worst levels going…
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Crypto This Thursday: BlackRock Registers iShares Ethereum Trust, Ethereum Surpasses $2,000, and More
Bitcoin’s volatility reflects significant price and market capitalization fluctuations Bitcoin (COIN:BTCUSD) once again exhibited its well-known market instability, briefly reaching the $38,000 mark before retreating to around $36,500. This movement was mirrored by its market capitalization, which saw an increase from $715 billion to $740 billion before regressing to the initial level. It’s worth noting…
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Upward Momentum May Lead To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to move to the upside after ending the previous session little changed. The markets may continue to benefit from recent upward momentum, which has seen the Nasdaq and the S&P 500 extend their winning streaks…