ADVFN US – Market Content Editor
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Top Company News of the Day: Nokia, TSMC, BHP, Netflix
Nokia Hit by Slowdown in US Spending Nokia’s second-quarter net profit fell 29% but came in slightly above forecasts, as macroeconomic uncertainty weighed on sales, while U.S. customers continued to cut spending. TSMC’s Second-Quarter Net Profit Fell 23% on Lower Revenue, Margins Taiwan Semiconductor Manufacturing Co. said its second-quarter net profit fell 23% from a…
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U.S. Stocks Once Again Reach Best Levels In Over A Year
Stocks fluctuated after an early move to the upside but largely managed to maintain a positive bias throughout the trading day on Wednesday. The major averages once again climbed to their highest closing levels in over a year. The major averages all closed in positive territory, although the tech-heavy Nasdaq inched up just 4.38 points…
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Crypto This Wednesday: Nasdaq Suspends Digital Asset Custody Launch, Argo Blockchain Sells Shares, and More
Nasdaq suspends launch of digital asset custody business Nasdaq (NASDAQ:NDAQ) has suspended the launch of its digital asset custody business due to regulatory risks in the United States. CEO Adena Friedman announced the decision during the second quarter earnings conference call, citing the changing regulatory and business environment. However, the company reiterated its commitment to digital asset…
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U.S. Stocks May Lack Direction Following Recent Strength
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 extended rally seen in the previous session. Traders may be reluctant to continue buying stocks as they take time to digest the strong upward move seen over…
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Goldman Sachs Profit Falls With Investment Banks And Accounting Decline In Consumer and Real Estate Portfolios
Goldman Sachs (NYSE:GS) profit plummeted as the Wall Street giant posted one of its weakest quarters under CEO David Solomon. Goldman Sachs Group reported Q2 earnings Wednesday of $3.08 per diluted share, down from $7.73 a year earlier. Analysts polled by Capital IQ expected $4.14. Earnings fell 58% on declines in investment banking, real estate…
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Wednesday’s Wall Street Highlights: ASML, Carvana, Microsoft, Meta Platforms and More
US Index Futures rose slightly premarket on Wednesday on anticipation of corporate earnings, a day after the Dow Jones hit its longest streak of gains since 2021. By 6:52 AM, Dow Jones (DOWI:DJI) futures were up 38 points, or 0.11%. S&P 500 futures were up 0.03%, while Nasdaq-100 futures were up 0.12%. The 10-year Treasury yield is at…
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North American Morning Briefing: Earnings Optimism Continues to Support Stocks
Market Wraps Watch For: Housing Starts for June; EIA Weekly Petroleum Status Report; earnings from Goldman Sachs, IBM, Netflix, Tesla Today’s Headlines/Must Reads – Antitrust Enforcers Issue Blueprint for Challenging More Mergers – Tech Stocks, Meme Stocks, Crypto: Investors Are Feeling Bold Again – U.S. Rate Rises Have Hit the Yen Hard, but Now It’s…
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US Futures, European Stocks Rise
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.5% in morning trading. Persimmon PLC added 8.7% and Tritax Big Box REIT rose 8.3%.…
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Top Company News of the Day: Microsoft, AT&T, Oddity, Rio Tinto
Microsoft and Activision Blizzard Still Committed to $75 Billion Merger The companies plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches. AT&T Halts Plans to Remove Lead Cables in Lake Tahoe Company estimates lead-clad cables represent less than 10% of its legacy phone network. Oddity Prices Closely…
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U.S. Stocks Extend Rally On Upbeat Earnings News
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the strong upward move seen over the past several sessions. With the continued advance, the major averages all reached their best closing levels in over a year. The major averages finished the session just off their highs of the day. The…