ADVFN US – Market Content Editor
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Rebound By Regional Banks May Contribute To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside following the mixed performance seen in the previous session. The markets may benefit from a rebound by regional banks, which came under pressure on Thursday amid ongoing concerns about turmoil in…
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North American Morning Briefing: Hopes of Easing US-China Tensions to Lift Mood
Market Wraps Watch For: Import Prices for April; World Agricultural Supply & Demand Estimates; Canada New Motor Vehicle Sales for March Today’s Headlines/Must Reads – Decline in PacWest Stock Indicates Bank Fears Persist – White House Debt-Ceiling Meeting Postponed – U.S., China Senior Officials Meet in Tentative Effort to Restart Ties – Stop Equating Latest…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.2% 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 grew 0.4% in morning trading. Scor SE added 7.4% and Richemont rose 4.9%. On the other…
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Top Company News of the Day: Allianz, Richemont, SMIC, News Corp
Allianz Profits Jump, Helped by U.S. Growth Allianz posted a 24% rise in first-quarter operating profit, driven by growth in its U.S. life-health business and a stronger result in its property-casualty segment, but profits for the asset-management division-which houses Pimco-fell 13%. Richemont Confident on Outlook as China Reopens Richemont said it expected further strong demand…
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Nasdaq Reaches Eight-Month Closing High But Dow Extends Losing Streak
Stocks came under pressure in early trading on Thursday but regained ground over the course of the session. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq rose 22.06 points or 0.2 percent to 12,328.51, its best closing level in over eight months.…
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Crypto this Thursday: NY to Accept Stablecoin Bail, Justin Sun to Trade Memecoins, and More
Bail payments in New York can now be made using stablecoins New York is considering accepting dollar-pegged stablecoins as bail payments, according to a new bill introduced by state legislator Latrice Walker. The proposal aims to add fiat-backed stablecoins to the list of pre-existing methods of paying bail bonds, which includes cash, insurance bonds and credit…
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Thursday’s Wall Street Highlights: PPI, Disney, Robinhood, Unity Software, Shell and more
US Index Futures were mixed with investors saying the Federal Reserve is likely to halt interest rate hikes due to inflation data cooling, as investors look further into economic data, the Producer Price Index and Initial jobless claims. By 8:40 AM, Dow Jones futures were down 110 points, or 0.33%. S&P 500 futures were down 0.05%,…
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Futures Pointing To Mixed Open On Wall Street
US Market The major U.S. index futures are currently pointing to mixed open on Thursday, with the Dow futures down by 0.3 percent but the Nasdaq 100 futures up by 0.3 percent. A notable decline by shares of Disney (DIS) may weigh on the Dow, as the entertainment giant is tumbling by 5.8 percent in…
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North American Morning Briefing: Stock Futures Edge up with PPI Data Ahead
Market Wraps Watch For: PPI for April; Weekly Jobless Claims; speeches by Fed’s Kashkari, Waller Today’s Headlines/Must Reads – Yellen Doubts Biden Administration Can Avoid Default Without Congress – Biden, Republicans Dig In on Debt Ceiling – China’s Consumer Inflation Slows to Lowest in Two Years – Energy Stocks in Doldrums After Last Year’s Big…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.5% in morning trading. SalMar added 6.1% and Diploma PLC climbed 5.9%. On the other…