ADVFN US – Market Content Editor
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U.S. Stocks Recover From Early Weakness To Close Sharply Higher
Stocks showed a substantial turnaround over the course of the trading session on Friday, rebounding from early weakness to end the day sharply higher. The major averages all moved to the upside, with the tech-heavy Nasdaq leading the charge. The major averages pulled back off their best levels going into the close but remained firmly…
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Crypto This Friday: Solana Improves Its Blockchain, MoonPay Launches In-App Crypto Exchange, and More
Bitcoin experiences volatility on US jobs data Bitcoin (COIN:BTCUSD) saw a quick test of the $27,000 mark when US employment data was released, resulting in a 2.1% drop in a single hourly candle. However, a subsequent rally took bulls back to the $27,800 range. The volatility was triggered by the unexpected rise in US nonfarm payrolls in September,…
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Jobs Data Likely To Weigh On Wall Street As Treasury Yields Surge
US Market The major U.S. index futures are currently pointing to a notably lower open on Friday, with the futures coming under pressure following the release of a Labor Department report showing U.S. employment surged by much more than expected in the month of September. The Labor Department said non-farm payroll employment shot up by…
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Payroll: USA Creates 336 Thousand Jobs in September; Unemployment Stands at 3.8%
The Bureau of Labor Statistics released this Friday (6) the jobs report, the payroll, and showed the creation of 336 thousand non-agricultural jobs in September, above market estimates, which were around 170 thousand. Furthermore, the unemployment rate was 3.8%, above the investor consensus of stability at 3.7% in the period. In September, the average hourly…
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North American Morning Briefing: Investors Await the All-Important Jobs Report
Market Wraps Watch For: Employment Report for September; Canada Labour Force Survey for September Today’s Top Headlines/Must Reads: – Is The Economy Cooling or Revving Up? The September Jobs Report Will Offer Clues – Monetarism Is Back. It May Not Last. – Exxon Doesn’t Need Luck for Pioneer Deal to Be a Winner Opening Call:…
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US Futures Down, European Stocks Climb Ahead of US Jobs Data
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Aviva rose 6.9% and Man Group rose 4.5%. On the other…
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Top Company News of the Day: Exxon Mobil, Google, Apple, Shell, Tesla
Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said. South Korea Plans to Fine Google, Apple for Breaching Mobile Payment Rules South Korea’s telecom regulator plans to…
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Crypto This Thursday: TVL on Solana Rises 40%, Marathon Digital Increases Monthly Production, and More
Shocking revelations in the Sam Bankman-Fried trial, and threat of confiscation of luxury jets In the trial of former CEO of defunct cryptocurrency exchange FTX, Sam Bankman-Fried, the prosecution plans to call two of the defendant’s close associates to testify. Among the witnesses are Adam Yedidia, a close friend of SBF and former employee of FTX…
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U.S. Stocks Climb Well Off Worst Levels But Close Modestly Lower
Stocks came under pressure early in the session on Thursday but staged a notable recovery attempt over the course of the trading day. The major averages peeked above the unchanged line late in the session but closed modestly lower. After falling by nearly 190 points in early trading, the Dow ended the day down just…
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Investors Expect Lower Job Creation In The US, and Treasuries Should Reflect The Result
Investors expect job creation in the United States to slow down again in September, in a key announcement for the Federal Reserve since markets began to fear that American interest rates will remain high for longer, given of persistently high inflation in the local economy. Labor market data will be released tomorrow at 8:30 EST…