ADVFN US – Market Content Editor
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U.S. Stocks Finish Lackluster Session Mostly Higher
Stocks turned in a relatively lackluster performance for much of the trading session on Monday but managed to end the day mostly higher. The tech-heavy Nasdaq reached its best closing level in well over eight months, while the Dow snapped a five-session losing streak. The major averages all finished the day in positive territory. The…
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Crypto this Monday: LTC rises with NFT market entry, Samsung and BOK Together for CBDC, and More
SEC revises $22 million fine against LBRY SEC seeks to reduce fine from $22 million against platform LBRY to $111,614 due to lack of company funds. LBRY claims to be financially ruined and alleges that the amount originally required by the SEC was overstated. ”The Commission acknowledges LBRY’s representations that it is bankrupt, ceasing operations and…
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Corporate Earnings, Bank Breakthroughs and the Debt Ceiling
This week’s focus will be on US debt ceiling negotiations (the next meeting between President Joe Biden and congressional leaders is set for Tuesday), speeches by Fed members, regional bank “breakthroughs”, and corporate earnings. Starting from the end, the corporate sector beat analysts’ expectations again: S&P 500 earnings fell 3% year-over-year versus an expected 7%…
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Optimism About Debt Ceiling Deal May Lead To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside after ending last Friday’s trading modestly lower. Optimism about an eventual agreement on raising the U.S. debt ceiling may generate early buying interest following comments from Treasury Secretary Janet Yellen.…
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Monday’s Wall Street Highlights: Amazon, Oneok, Vice Media, Athenex and more
US Index Futures rebounded on Monday after the Dow Jones and S&P 500 posted second straight weekly losses. Investors are adopting a more optimistic tone as talks progress among US policymakers on a solution to the debt ceiling impasse. By 7:54 AM, Dow Jones futures were up 121 points, or 0.36%. S&P 500 futures were up 0.34%,…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Evotec added 3.7% and Valeo rose 3.5%. On the other hand,…
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Top Company News of the Day: Mega-Pipeline, Newmont, Air-bags, Shake Shack
$14 Billion Deal to Create Mega-Pipeline Company The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. The World’s Biggest Gold Miner Bets Big on Copper Newmont’s $17.5 billion recommended takeover of Australia’s Newcrest boosts its exposure to a key metal in the energy transition. Parts Maker…
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U.S. Stocks Stage Late-Day Recovery Attempt But Close Modestly Lower
Following the downturn seen in morning trading on Friday, stocks showed a notable recovery attempt in the latter part of the session. The major averages climbed well off their worst levels of the day but still closed in the red. The tech-heavy Nasdaq fell 43.76 points or 0.4 percent to 12,284.74 and the S&P 500…
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Crypto This Friday: Silvergate Delisted by NYSE, Animoca Brands Financial Position and More
BTC drops below $27,000 on US regulatory crackdown Cryptocurrency prices have plummeted due to regulatory and tight supply pressure from major market makers. Bitcoin (COIN:BTCUSD) is down 2.6% over the past 24 hours to $26,301, while Ether (COIN:ETHUSD) lost 1.6% to trade at $1,766. Chart analysts highlight $25,200 as a threshold before a more significant drop, according…
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Wall Street Highlights on Friday: Import Prices, First Solar, Tesla, Meta and more
The US Index Futures operate with high, after four consecutive falls of the Dow Jones and S&P 500, when fears of recession returned to the investors’ radar. Market players fear that weaker inflation figures, along with rising jobless claims, the banking crisis and the US debt impasse could lead to an economic slowdown in the world’s…