ADVFN US – Market Content Editor
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U.S. Stocks Tumble For 3rd Straight Day As Bond Yields Rise
U.S. stocks fell on Thursday, extending recent losses, amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation. Stocks opened slightly higher, but retreated soon and then spent the rest of the day’s session in the red. The major averages all ended in the red, with the Nasdaq suffering a…
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Crypto This Thursday: Bitcoin Under 28K, Troubled Shibarium Launch, and More
Pressure on cryptocurrencies On Thursday, cryptocurrencies took a hit due to renewed concerns about the US economy. This drop occurred after the release of records from the last Federal Reserve meeting, where the body expressed concerns about inflation and possible interest rate hikes. As a result, the stock market has slumped and the 10-year US Treasury yield…
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Bargain Hunting May Contribute To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after moving notably lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street, as recent weakness has dragged the Nasdaq and S&P 500 down…
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Thursday’s Wall Street Highlights: Walmart, Paramount, Visa, Wolfspeed, and more
US index futures were higher in premarket trading on Thursday as investors reflected on the Federal Reserve minutes released yesterday, in which members did not rule out further tightening to curb inflation. By 6:45 AM, Dow Jones futures (DOWI:DJI) were up 63 points, or 0.18%. S&P 500 futures were up 0.16% and Nasdaq-100 futures were up…
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North American Morning Briefing: Treasury Yields Keep Pushing Higher
Market Wraps Watch For: Leading Indicators for July; Weekly Jobless Claims; Earnings from Walmart Today’s Top Headlines/Must Reads: – China Demands U.S. Lift Steel, Aluminum Tariffs After WTO Ruling – In China, Bidding Wars for Lithium Top Out at 1,300 Times the Starting Price – Alphabet’s Verily Plans Cost Cuts Amid Pressure on Other Bets…
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US Futures Up, European Stocks Fall Amid Concerns Over Further Fed Hikes
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.5% in morning trading. Koninklijke Philips added 3.8% and alstria office REIT rose 3%. On…
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Top Company News of the Day: BAE Systems, Evergrande, Lenovo, Alphabet, Paramount
BAE Systems Targets Ball Unit in U.S. Expansion BAE Systems has agreed to buy Ball’s aerospace business for $5.6 billion in cash and targeted closing the deal in the first half of 2024. China Evergrande’s Losses Sharply Narrowed in 2022 UPDATED: China Evergrande Group, the world’s most indebted developer, narrowed its losses significantly in 2022…
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U.S. Stocks Close Firmly Down In Negative Territory For 2nd Straight Day
U.S. stocks closed lower on Wednesday, extending losses from the previous session, amid indications the Federal Reserve will continue to hold interest rates higher for longer to contain inflation. Prospect of a possible downgrade of several U.S. lenders by Fitch Ratings weighed as well. In addition to the minutes from the Federal Reserve’s latest policy…
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Crypto This Wednesday: Coinbase to Trade Crypto Futures, Ledger Integrates with PayPal, and More
Coinbase gets approval for cryptocurrency futures, boosts its shares Coinbase Global (NASDAQ:COIN) gained approval from the National Futures Association to offer cryptocurrency futures contracts to U.S. retail customers, leading to a 5% increase in its stock ahead of the market open. This approval comes as Coinbase is in litigation with the SEC, which alleges that the…
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U.S. Stocks May Show Lack Of Direction In Early Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the weakness seen in the previous session. After a gap down opening and a subsequent fall to lower levels, U.S. stocks languished in the red right through the…