ADVFN US – Market Content Editor
-
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…
-
Crypto this Wednesday: Binance ceases operations in Cyprus, Crypto Community on Reddit breaks record, and more
Bittrex in the US authorized to withdraw after court decision Bittrex customers in the US will be able to withdraw their assets after a court ruling. The cryptocurrency exchange had declared bankruptcy in May, but the US Department of Justice has opposed efforts to restore access, citing unpaid fines for sanctions violations. The court order allows looting…
-
Futures Pointing To Flat Open On Wall Street Ahead Of Fed Decision
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 a strong start to the week. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s highly anticipated monetary policy announcement this afternoon. While the…
-
Wednesday’s Wall Street Highlights: AMD, Amazon, Alphabet, Shell, Vodafone and more
US Index Futures were mixed on Wednesday morning as investors awaited the Federal Open Market Committee (FOMC) meeting after the May Consumer Price Index (CPI), released yesterday, helped to consolidate the expectation of the first maintenance of the basic interest rate since March 2022 At around 7:04 AM, Dow Jones (DOWI:DJI) futures were down 36 points,…
-
North American Morning Briefing: Focus Fixes on Fed, Powell
Market Wraps Watch For: PPI for May; Fed interest-rate decision, economic projection; EIA Weekly Petroleum Status Report; Lennar earnings Today’s Headlines/Must Reads – Stock Market to Fed: You Haven’t Done Enough – American Investment Banks Are Giving Up Some China IPO Mandates – Oil Demand to Peak This Decade as EVs Boom, IEA Says –…
-
US Futures, European Stocks Mixed, With Fed Decision in Focus
In the U.S. futures for the S&P 500 were up 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. Etablissementen Franz Col added 9% and DocMorris rose 6.9%. On the…
-
Top Company News of the Day: Shell, Salesforce, Nvidia, Toyota
Shell to Raise Dividend, Boost Returns Shell said it will lift its shareholder distribution to 30%-40% of cash flow, with a 15% increase in dividend, and will also launch share buybacks of at least $5 billion for the second half of 2023. Salesforce Aims to Plug ‘AI Trust Gap’ With New Tech Tools The software…
-
Relatively Tame Inflation Data Contributes To Strength On Wall Street
Stocks moved mostly higher during trading on Tuesday, extending the upward move seen over the course of Monday’s session. With the continued advance, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year, while the Dow set a four-month closing high. The major averages finished the day off…
-
Crypto This Tuesday: BTC and ETH Dominate After Altcoin Aversion, Ripple Reveals SEC Documents, and More
Bitcoin, Ethereum lead cryptocurrency market as investors move away from Altcoins amid regulatory crackdown The dominance of Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD) and stablecoins in the cryptocurrency market has reached its highest level since February 2021, as investors move away from smaller tokens due to regulatory crackdowns in the US. The combined market capitalization of these assets…
-
Crypto Weekly Newsletter
Crypto and Macro Weekly Recap Last week, cryptocurrencies faced downward pressure as the U.S. Securities and Exchange Commission (SEC) launched a lawsuit against crypto service providers, exchanges, and platforms including Binance and Coinbase. It also labeled many assets as securities rather than commodities, which prompted Robinhood to delist SOL, ADA, and MATIC. Crypto.com decided to suspend…