ADVFN US – Market Content Editor
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US Futures Down, European Stocks Rise Following Hawkish Fed and ECB
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Orpea rose 11.4% and MorphoSys climbed 11.3%. On the other hand,…
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Top Company News of the Day: Adobe, Vice Media, Disney, Virgin Galactic
Adobe Posts Strong Earnings. CEO Touts a ‘New Era of Generative AI’ Shares of Adobe have soared on the company’s plans for generative AI. Bankrupt Vice Media in Sale Talks With Media Group GoDigital GoDigital wants to buy Vice at a court-supervised auction that would also include the company’s top lenders. Disney CFO Clashed With…
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U.S. Stocks Rally As Economic Data Eases Interest Rate Concerns
Following the mixed performance seen in the previous session, stocks moved sharply higher over the course of the trading day on Thursday. The Nasdaq and S&P 500 once again reached their best closing levels in over a year, while the Dow set to a six-month closing high. The major averages pulled back off their highs…
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Crypto This Thursday: BlackRock Plans to Launch BTC ETF, New York Banned CoinEx, and More
BlackRock Plans to Launch Bitcoin ETF Amid Regulatory Investigations BlackRock (NYSE:BLK) is close to applying for a bitcoin ETF, using offline storage solution Coinbase Custody and market data from the cryptocurrency exchange, according to CoinDesk. This decision comes amid regulatory investigations into the cryptocurrency industry in the US. CoinEx banned from operating in New York and…
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Renewed Interest Rate Concerns May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Renewed concerns about the outlook for interest rates are likely to weigh on Wall Street following the Federal Reserve’s monetary policy announcement…
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Thursday’s Wall Street Highlights: Adobe, MicroVision, XPeng, Tesla, Citigroup and More
US Index Futures are operating at lows, still under the effect of signals from the Federal Reserve yesterday that new interest rate hikes are yet to come, and before the decision of the European Central Bank for the interest rate in the Euro Zone. By 7:00 AM, Dow Jones futures (DOWI:DJI) was down 73 points,…
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North American Morning Briefing: Traders Digest Fed’s “Hawkish Pause”; ECB Decision Next
Market Wraps Watch For: Weekly Jobless Claims; Retail Sales for May; Industrial Production & Capacity Utilization for May; Canada Housing Starts for May Today’s Top Headlines/Must Reads: – After Surging Early in the Year, Retail Spending Could Be Cooling – Beijing Must Act to Avoid an ‘L-Shaped’ Future – Saudi Arabia Sought to Push Oil…
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US Futures, European Stocks Fall Ahead of ECB Rate Decision
In the U.S., futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Orpea added 11.3% and H&M Hennes & Mauritz B rose 5.3%.…
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Top Company News of the Day: Siemens, H&M, Twitter, Lennar
Siemens Plans Asia Production Expansion Siemens said it planned to invest EUR2 billion to boost manufacturing capacity this year to tap growth opportunities in digitalization and automation and after experiencing “significantly above-market growth.” H&M Sales Rise But Miss Forecasts H&M second quarter sales rose by 6% on year but were “flattish” in local currencies, affected…
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Post-Fed Volatility Results In Mixed Close On Wall Street
Stocks saw substantial volatility following the Federal Reserve’s monetary policy announcement on Wednesday. The major averages showed wild swings back and forth across the unchanged line before eventually closing mixed. The Nasdaq climbed 53.16 points or 0.4 percent to13,626.48 and the S&P 500 inched up 3.58 points or 0.1 percent to 4,372.59, once again reaching…