ADVFN US – Market Content Editor
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Nasdaq, S&P 500 Tumble To Lowest Closing Levels In Over Four Months
Stocks moved sharply lower over the course of the trading day on Friday, extending the downward move seen over the two previous sessions. With the extended decline, the Nasdaq and the S&P 500 fell to their lowest closing levels in well over four months. The major averages saw further downside going into the close, ending…
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Crypto This Friday: Tether’s Real-Time Attestation Plan, EGLD’s Surge with Google Cloud, Base’s Open Source Move, and More
Bitcoin on the verge of $30,000 as observers await weekly close On October 20th, the price of Bitcoin (COIN:BTCUSD) briefly reached $30,000 at the Wall Street opening, continuing its recent upward trend. However, analysts are focused on the weekly close to assess the sustainability of this move. While some see the breakout above the 100-week…
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Worries About Treasury Yields May Continue To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to extend the downward move seen over the two previous sessions. Concerns about higher treasury yields may continue to weigh on Wall Street after the yield on the benchmark ten-year note climbed above 5 percent for…
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American Express Surpasses Q3 Earnings Expectations Thanks to Strong Consumer Spending
American Express (NYSE:AXP), the prominent credit card issuer, reported a third-quarter profit that surpassed market expectations. This feat was achieved with the support of affluent customers who displayed strong spending habits, disregarding concerns about an impending economic downturn. Catering primarily to a premium clientele, AmEx has adeptly navigated the challenges posed by inflation and the…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers SolarEdge Technologies (NASDAQ:SEDG) plunged about -23% in pre-market trading after cutting its Q3 revenue outlook, citing “substantial unexpected cancellations and pushouts of existing backlog from our European distributors.” Knight-Swift Transportation (NYSE:KNX) soared over +16% in pre-market trading after the company reported upbeat Q3 results. Intuitive Surgical (NASDAQ:ISRG) slid more than -8%…
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Friday’s Wall Street Highlights: SolarEdge, Intuitive Surgical, Knight-Swift, HPE, and more
US index futures were declining in pre-market trading on Friday following comments by Federal Reserve Chairman, Jerome Powell, regarding the potential for future interest rate hikes. Additionally, escalating tensions between Israel and Hamas have dampened investor enthusiasm. As of 06:56 AM, Dow Jones futures (DOWI:DJI) were down by 86 points, or 0.26%. S&P 500 futures…
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North American Morning Briefing: Bond Yields, Geopolitics Continue to Take Their Toll
Market Wraps Watch For: Canada Retail Trade for August; American Express earnings Today’s Headlines/Must Reads – Philadelphia Fed President Patrick Harker Discusses the Economic Outlook – The Next Hot Obesity Drug Won’t Be Approved for Years. Online Sellers Hawk It Anyway – There’s a Reason This Bull Market Feels So Weird Opening Call: Stock futures…
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US Futures, European Stocks Fall as Investors Weigh Powell’s Comments, Geopolitical Risks
U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 1% in morning trading. Huhtamaki rose 3.9% and Lifco Series B added 3.5%. On the other hand,…
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Top Company News of the Day: Merck, CATL, HP Enterprise, CSX, BMW
Merck, Daiichi Sankyo Ink Commercialization Deal for Up to $22 Billion The companies agreed to jointly develop and commercialize three potential cancer treatments. CATL’s Profit Rose 11% on Higher Sales The world’s largest maker of electric-vehicle batteries posted an increase in third-quarter profit, but came up short of analyst expectations. HP Enterprise stock drops following…
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U.S. Stocks Finish Volatile Session Firmly Negative After Powell Remarks
After ending Wednesday’s session sharply lower, stocks saw significant volatility over the course of the trading day on Thursday. The major averages swung back and forth across the unchanged line before ending the day firmly in the red. The major averages fell to new lows going into the close of trading. The Dow fell 250.91…