ADVFN US – Market Content Editor
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Tech Stocks May Lead Early Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Tech stocks may lead an early pullback on Wall Street amid a negative reaction to earnings news from Alphabet (NASDAQ:GOOGL) and Advanced Micro Devices (NASDAQ:AMD). Shares of…
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Gold Prices Boosted To Record High On Fears Of Trade War, Gaza Uncertainty
Gold prices hit a record high in Asian trade on Wednesday as demand for the precious metal as a safe haven was boosted by geopolitical uncertainty. With concerns over a brewing trade war between the U.S. and China, and President Trump’s comments about Gaza, demand for gold was high and the spot price jumped 0.6%…
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Easing Tariff Concerns Contribute To Rebound On Wall Street
Stocks moved mostly higher during trading on Tuesday, largely offsetting the weakness seen in the previous session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages finished the session just off their best levels of the day. The Nasdaq jumped 262.06 points or…
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Moderna, BioNTech Shares Down After Senate Committee Vote To RFK Jr.’s Nomination
The U.S. Senate Finance Committee has voted to advance Robert F. Kennedy Jr.’s nomination for Secretary of Health and Human Services to the full Senate. Shares in Moderna (NASDAQ:MRNA) and BioNTech (NASDAQ:BNTX) slumped on the news: Moderna was down 4.9% and BioNTech 1.5%. The fall in stock prices comes from concerns about Kennedy’s views on…
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Spotify Shares Surge On Results Exceeding Expectations And Upbeat Guidance
Music streaming giant Spotify (NYSE:SPOT) reported that its fourth-quarter results exceeded expectations and provided upbeat guidance. Shares soared over 10% on the news. The company posted revenue of €4.24 billion, surpassing analyst estimates of €4.14 billion and marking a 16% increase year on year. However, adjusted earnings per share missed the consensus forecast of €2.03,…
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PepsiCo Earnings Higher Than Estimated Despite Weaker Than Anticipated Revenue Growth
Food and beverage company PepsiCo (NASDAW:PEP) has reported that its per-share income in the fourth quarter exceeded estimates, although organic revenue growth was lower than anticipated as cost-conscious U.S. shoppers responded to price hikes. The company, which sells brands such as Mountain Dew soda and Frito-Lay potato chips posted a 2.1% rise in organic sales…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after seeing considerable volatility in the previous session. Traders may be reluctant to make significant moves as they digest the latest developments regarding President Donald Trump’s tariffs. While Trump has agreed…
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Ethereum Rebounds To Top $2.9K After Eric Trump Says ‘It’s A Great Time To Add ETH’
After yesterday morning’s drastic fall in the price of ETH (COIN:ETHUSD), along with many other cryptocurrencies, Eric Trump, son of the U.S. President, told his followers on social media that it’s a good time to buy Ether. Ether’s price rebounded to over $2,900 after Trump’s tariffs on Canada and Mexico were halted, and Trump told…
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China Retaliates Against Trump’s Tariffs With Levies on U.S. Imports
China has placed counter tariffs on U.S. imports after President Trump put a 10% tariff on Chinese goods. The Chinese tariffs will come into effect on February 10. Despite the escalating trade war, Asian shares climbed this morning, with the Hang Seng Index in Hong Kong growing 2.10% to 20,642.58. Japan’s Nikkei 225 was up…
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Trump Agrees To Pause Canada And Mexico Tariffs But Not China
President Trump has agreed to delay the imposition of 25% tariffs on imports from Canada and Mexico for 30 days. This staves off the threat of a potentially damaging trade war amongst the North American neighbors – at least for now. The President made a deal with Mexican President Claudia Sheinbaum in which she agreed…