ADVFN US – Market Content Editor

Cryptocurrency market recovers despite stock market downturn While the U.S. stock market faced losses on Friday, Bitcoin (COIN:BTCUSD) regained its upward momentum, reaching its highest value in nearly a month, peaking at $66,874.39. This increase coincided with a global IT shutdown and was driven by robust trading volume in BlackRock’s (NASDAQ:IBIT) spot Bitcoin ETF. A…

The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following recent tech-driven weakness. A lack of major U.S. economic data may keep some traders on the sidelines as they digest the notable declines by the tech-heavy Nasdaq and the S&P…

U.S. stock futures are trending down in pre-market trading this Friday, as investors monitor Netflix‘s results and service disruptions at Microsoft (NASDAQ:MSFT) and CrowdStrike (NASDAQ:CRWD). Other factors influencing the market include the recent rotation favoring indices like the Dow and Russell 2000, but penalizing major tech stocks, affecting the S&P 500 and Nasdaq. Additionally, the…

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended July 13th. The Labor Department said initial jobless claims rose to 243,000, an increase of 20,000 from the previous week’s revised level of 223,000. Economists had expected initial jobless…

The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to regain ground following yesterday’s sell-off. Traders may look to pick up tech stocks at relatively reduced levels following the steep drop on Wednesday, which saw the tech-heavy Nasdaq record its worst day since December 2022. Optimism…

U.S. index futures show a mixed trend in pre-market trading this Thursday, with technology stocks making a partial recovery after the Nasdaq experienced its worst session since 2022 the previous day. At 5:07 AM, Dow Jones futures (DOWI:DJI)  fell 30 points, or 0.07%. S&P 500 futures gained 0.28%, and Nasdaq-100 futures advanced 0.58%. The yield…

Darden Restaurants (NYSE:DRI) – Darden Restaurants, owner of Olive Garden, agreed to acquire Chuy’s Holdings for $605 million in an all-cash deal. The purchase will add 101 Chuy’s restaurants in 15 US states to Darden’s portfolio, which includes brands like LongHorn Steakhouse and Yard House. Beyond Meat (NASDAQ:BYND) – Beyond Meat is facing financial difficulties…