ADVFN US – Market Content Editor
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US housing starts up by 5.7% in April
Privately‐owned housing starts in the United States saw a monthly increase of 5.7% in April to reach 1,360,000, the US Census Bureau unveiled in its report published on Thursday. Compared to April 2023, the figure declined by 0.6%. Single-family housing starts decreased by 0.4% month-on-month to land at 1,031,000. Privately‐owned housing completions rose by 8.6%…
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Daily Analyst Recommendations Update: Ecolab, Cisco, Shopify…
Each morning, we compile a selection of analysts’ recommendations. This list includes companies that have experienced a change in opinion or price target, or have come under new coverage. The list may be updated during the session, providing insights into stock movements or market sentiment towards a company. Devon Energy Corporation (DVN) Ecolab Inc. (ECL)…
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Wall Street Analysts Discuss Fed’s Next Steps After Inflation Data
The recent US consumer inflation data (CPI), released on Wednesday, brought relief to some economists who feared that the Fed would not be able to cut rates this year. The 0.3% change in the CPI in April, slightly below the last three months and median projections, coincided with an unexpected stability in retail sales for…
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Chubb Stock Soars 9% with Berkshire Acquisition, AST SpaceMobile jumps 37% on AT&T deal, and More News
Berkshire Hathaway (NYSE:BRK.A), Chubb (NYSE:CB) – Chubb’s stock increased by approximately 9.3% after Berkshire Hathaway disclosed its acquisition of nearly 26 million shares of the property and casualty insurer, representing a $6.7 billion investment. As a result, Chubb became Berkshire’s ninth-largest holding by the end of March, as recorded in a new regulatory document. Netflix…
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US Stock Futures Rise Amid Softer Inflation, Oil Prices Dip
U.S. index futures show a slight uptick in pre-market trading on Thursday, buoyed by softer-than-expected inflation. This optimistic scenario has helped the S&P 500 surpass the 5,300 point mark for the first time, signaling potential relief in inflationary pressures and rejuvenating investor spirits. At 6:37 AM, the Dow Jones (DOWI:DJI) futures rose by 16 points,…
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Tamer-Than-Expected Inflation Data Leads To New Record Highs On Wall Street
With traders reacting positively to closely watched consumer price inflation data, stocks moved sharply higher during trading on Wednesday. The major averages added to Tuesday’s gains, setting new record closing highs. The major averages saw further upside late in the session, reaching new highs for the day. The tech-heavy Nasdaq (NASDAQI:COMP) surged 231.21 points or…
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Bitcoin Hits $65,000 with US Inflation Drop, Circle Plans Move to US, and More Crypto News
Circle plans relocation to the US, potentially eyeing IPO The issuer of the stablecoin Circle (COIN:USDCUSD) is planning to move its legal base from Ireland to the United States, a surprising move given the tax benefits in Ireland, as reported by Bloomberg on May 15. The company has already started the necessary legal process in…
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Consumer Prices Up Less Than Expected, Retail Sales Flat
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. rose by slightly less than expected in the month of April. The Labor Department said its consumer price index increased by 0.3 percent in April after rising by 0.4 percent in March. Economists had expected consumer prices to…
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Futures Jump Following Tamer-Than-Expected Consumer Price Inflation Data
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the upward move seen over the course of the previous session. The futures had been indicating a roughly flat open but jumped into positive territory following the release of a highly anticipated Labor Department report showing…
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U.S. Index Futures Flat Ahead of April CPI Data Release, Oil Prices Drop
U.S. index futures are virtually flat in pre-market trading this Wednesday, with Wall Street awaiting April’s consumer price index data. At 7:18 AM, Dow Jones futures (DOWI:DJI) were up 3 points, or +0.01%. S&P 500 futures rose 0.03%, and Nasdaq-100 futures lost 0.02%. The 10-year Treasury yield stood at 4.41%. In the commodities market, West…