ADVFN US – Market Content Editor
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Crypto This Tuesday: BTC Under 30k, SEC to Review Valkyrie’s Bitcoin ETF, and More
Bitcoin price close to one-month low Bitcoin (COIN:BTCUSD) price is near a one-month low as economic data indicates continued growth in the US and traders brace for another Federal Reserve rate hike. Although the June Retail Sales report showed some weakness, excluding autos, gasoline, building materials and food services, retail sales grew by 0.6% in June. This boosts…
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Futures Edge Lower Following Disappointing Retail Sales Data
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move back to the downside after trending higher over the past several sessions. The futures edged lower following the release of a report from the Commerce Department showing retail sales in the U.S. increased…
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Tuesday’s Wall Street Highlights: Novartis, BofA, Dollar General, Uber, Masimo and more
US Index Futures operate without a defined direction in pre-market on Tuesday, awaiting economic data and corporate earnings, while European markets undergo adjustments and operate higher. By 6:53 AM, Dow Jones (DOWI:DJI) futures were up 2 points, or 0.01%. S&P 500 futures were down -0.07%, while Nasdaq-100 futures were down -0.15%. The 10-year Treasury yield is at 3.76%.…
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North American Morning Briefing: Fresh Batch of Bank Earnings to Dictate Mood
Market Wraps Watch For: Retail Sales for June; Industrial Production & Capacity Utilization for June; Canada Housing Starts for June; Canada CPI for June; Earnings from Morgan Stanley; Bank of America; Charles Schwab; PNC Financial; Bank of New York Mellon; Lockheed Martin Today’s Top Headlines/Must Reads: – Shoppers Likely Spent More Last Month as Inflation…
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US Futures Flat, European Stocks Mixed As Markets Set to Track Corporate Earnings, US Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. argenx climbed 31% and Dometic Group rose 11.3%. On the other hand, Tele2…
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Top Company News of the Day: Novartis, Activision, Evergrande, NBCUniversal, AT&T
Novartis Upgrades Outlook After Strong First Half Novartis said it expected core operating income to grow in the low double digits from a previous expectation of high-single-digit growth, lifted its sales guidance and confirmed its $15 billion share buyback. Berkshire Cuts Activision Stake by 70% to 14.6 Million Shares as Deal Nears Berkshire Hathaway, led…
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U.S. Stocks Move Mostly Higher, Extending Upward Trend
Following the strong upward move seen last week, stocks saw some further upside during trading on Monday. With the continued advance, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year. The major averages pulled back off their best levels going into the close but remained in positive…
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Crypto This Monday: Binance Integrates Lightning Network, Crypto Investing in Q2, and More
Binance integrates Lightning Network for fast and cheap Bitcoin deposits Cryptocurrency exchange Binance has announced the integration of the Lightning Network, allowing Bitcoin holders to deposit their assets faster and cheaper. Lightning Network’s base fee is $0.04, while regular deposits reached $30 in May. Furthermore, transactions settle in less than a minute, compared to approximately 10 minutes…
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Profit Taking May Contribute To Initial Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to give back ground following the strong upward move seen last week. Profit taking may contribute to initial weakness on Wall Street after last week’s rally lifted the Nasdaq and the S&P 500 to their…
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Monday’s Wall Street Highlights: Microsoft, Santander, Tesla, Chewy, and more
US Index Futures and European markets were lower on Monday morning after weaker data from China added to pressure for stimulus on the Asian giant. By 6:57 AM, Dow Jones (DOWI:DJI) futures were down 70 points, or -0.20%. S&P 500 futures were down -0.12%, while Nasdaq-100 futures were down -0.02%. The 10-year Treasury yield is at 3.781%. In…