ADVFN US – Market Content Editor
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U.S. Stocks Tumble To Four-Month Lows Amid Ongoing Interest Rate Concerns
With traders continuing to express concerns about the outlook for interest rates, stocks moved sharply lower over the course of the trading day on Tuesday. The major averages all showed substantial moves to the downside after ending Monday’s trading mixed. The major averages climbed off their worst levels going into the close but still posted…
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Crypto This Tuesday: SBF Trial Begins, Web3 Investments Fall for the 7th Quarter, and More
Bitcoin and cryptocurrencies fall due to rising bond yields, disappointment with ETF launch The price of Bitcoin (COIN:BTCUSD) and other cryptocurrencies has declined in response to a rise in Treasury bond yields and the dismal performance of a new Ethereum ETF. Bitcoin fell below $27,600 after reaching $28,500 the previous day. Rising bond yields tend to reduce…
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USA Records 9.610 Million Job Openings In August, Says Jolts Report
The United States registered 9.610 million job openings on the last working day of August, an increase compared to the 8.920 million registered a month earlier (revised data), according to the employment and vacancy report (olts) released by the Department of Labor, which does not include the rural sector. There were 5.857 million hires in…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Stocks in focus in premarket trade on Tuesday, October 3rd. Don’t Trade Without Seeing The Orderbook Point Biopharma (NASDAQ:PNT) shares spiked after Eli Lilly & Co (NYSE:LLY) announced that it had agreed to buy the cancer biotech for around $1.4 billion to expand its oncology therapies into radioligand treatments, which deliver radiation to tumor cells at…
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Continued Surge By Treasury Yields May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to initial weakness on Tuesday, with stocks likely to move mostly lower following the mixed performance seen in the previous session. The downward momentum on Wall Street comes amid a continued surge by treasury yields, with the yield on the benchmark ten-year note jumping to…
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Tuesday’s Wall Street Highlights: GM, Airbnb, Tesla, Apple, Oddity Tech, and more
US index futures are declining in Tuesday’s pre-market as investors monitor the rise in Treasury yields. At 07:31 AM, Dow Jones futures (DOWI:DJI) fell 90 points, or 0.27%. S&P 500 futures dropped 0.32%, and Nasdaq-100 futures were down 0.44%. The yield on 10-year Treasury bonds stood at 4.735%, adding to yesterday’s 10-point increase. In the…
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North American Morning Briefing: Bond Yields Hold Near 16-Year Highs
Market Wraps Watch For: JOLTS jobs openings data for August; Fed speak from Raphael Bostic Today’s Top Headlines/Must Reads: – When Will the Fed Stop Raising Rates? That’s the Trillion-Dollar Question for Bond Investors – U.S. Car Sales Expected to Increase Again in the Third Quarter – Why Rising Interest Rates Hurt Bank Stocks Instead…
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US Futures, European Stocks Mostly Down
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Sweco Series B climbed 2% and CD Projekt rose 1.9%. On the…
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Top Company News of the Day: Ford, GM, Meta, Evergrandea
Ford, GM Lay Off About 500 Factory Workers as Strike Effects Ripple Out Ford and GM laid off an additional 500 workers combined, knock-on effects from the United Auto Workers’ ongoing strike. Meta Floats Charging $14 a Month for Ad-Free Instagram European users would have the option to pay a fee or agree to personalized…
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Nasdaq Closes Firmly In Positive Territory But Dow Edges Lower
After ending last Friday’s trading on opposite sides of the unchanged line, the major U.S. stocks indexes turned in another mixed performance during trading on Monday. While the tech-heavy Nasdaq ended the day firmly in positive territory, the Dow dipped to its lowest closing level in four months. The Nasdaq climbed 88.45 points or 0.7…