ADVFN US – Market Content Editor

Bitcoin ETFs in the US attract inflows for seven consecutive days On July 16, Bitcoin exchange-traded funds (ETFs) in the United States saw a net inflow of $422.5 million, marking the most robust investment day since early June. This phenomenon occurred during a streak of seven consecutive days of gains, during which the funds accumulated…

The Commerce Department released a report on Wednesday showing a significant rebound by new residential construction in the U.S. in the month of June. The report said housing starts shot up by 3.0 percent to an annual rate of 1.353 million in June after plunging by 4.6 percent to a revised rate of 1.314 million…

The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to give back ground after trending higher over the past few sessions. Tech stocks may lead an early pullback on Wall Street after a report from Bloomberg said President Joe Biden’s administration is considering tougher trade rules…

U.S. index futures are registering a significant drop in pre-market trading this Wednesday, with the technology sector being the most affected. At 5:50 AM, Dow Jones futures (DOWI:DJI) fell 78 points, or 0.19%. S&P 500 futures lost 0.74%, and Nasdaq-100 futures retreated 1.23%. The 10-year Treasury yield stood at 4.17%. In the commodities market, oil…

Spirit Airlines (NYSE:SAVE) – Spirit Airlines reduced its revenue forecast for the second quarter to $1.28 billion, down from the previous estimate of $1.32-1.34 billion, due to lower ancillary revenue. Revenue per passenger is estimated at $64, below expectations. The adjusted negative operating margin is projected between 13.5% and 12.5%. Shares fell 6.33% in pre-market…

Distribution of Mt. Gox funds and its impact on the Bitcoin market Kraken exchange customers were informed via email that Mt. Gox refunds had been transferred to Kraken, with distribution expected within 7 to 14 days. Arkham Intelligence noted the movement of 48,641 Bitcoins, valued at $3.1 billion, from a Mt. Gox fiduciary wallet, suggesting…

With steep declines in auto and gasoline sales offset by strength in other areas, the Commerce Department released a report on Tuesday showing U.S. retail sales came in unchanged in the month of June. The Commerce Department said retail sales came in flat in June after rising by an upwardly revised 0.3 percent in May.…