Tag: SPI:SP500
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Crypto Market Witnesses Largest Drop in 2024; Fox and Polygon Collaborate on Blockchain Authentication, and More News
Crypto market faces biggest drop of the year The cryptocurrency market recorded its largest annual drop of 7%, led by an 8% decline in Bitcoin (COIN:BTCUSD), which triggered a widespread downturn. Bitcoin fell from a peak of $73,000 to a minimum price of $65,879.74, being quoted down -4.9% at the time of writing at $67,918.65.…
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Crypto this Friday: Cryptocurrencies Reach New Highs, Kwon’s Extradition Approved, and More
Recovery and new records in the cryptocurrency market The cryptocurrency market showed a remarkable recovery on Friday. Bitcoin (COIN:BTCUSD) reached $38,253.20 at the time of publication, with a 7-day increase of 5.83%. Ether (COIN:ETHUSD) also exceeded expectations, crossing the $2,000 mark, up 3%, at $2,123.12, with a weekly gain of 8.20%. Meanwhile, Solana (COIN:SOLUSD) rose…
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Monday’s Wall Street Highlights: Boeing, Novo Nordisk, Moody’s, StoneCo, and more
In the pre-market on Monday, U.S. index futures are showing a downward trend. Investors are currently assessing the impact of the recent change in the U.S. rating outlook. Additionally, there is growing anticipation for the inflation data, set to be announced tomorrow, which is influencing market decisions. At 05:55 AM, Dow Jones futures (DOWI:DJI) fell…
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BoA Warns of Tech Bubble, Foot Locker Stock Plunges, Deere Raises Profit Outlook
BoA Warns of Tech Bubble Michael Hartnett, a strategist at Bank of America Corp.(NYSE:BAC), has reiterated his recommendation to sell US stocks, citing concerns about a bubble forming in the tech and artificial intelligence sectors. Hartnett also believes that the Federal Reserve’s rate hikes may not be complete, and rising bond yields pose a risk.…
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Stocks Rise Amid Debt-Ceiling Deal Talks, Japanese “Digital Deficit” Weighs on Yen, Disney Cancels Florida Campus Plan
Stocks Rise Amid Debt-Ceiling Deal Talks Stocks made gains on Thursday following House Speaker Kevin McCarthy’s announcement that the House of Representatives could vote on a debt-ceiling deal as early as next week. The S&P 500 (SPI:SP500) rose by 0.9%, reaching its highest level since August 25. The Nasdaq Composite NASDAQI:NDX) increased by 1.5%, while…
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Semiconductors Shift to Japan, Walmart Exceeds Earnings Expectations, Alibaba Begins Breakup with IPOs
Optimism Surrounds Greek Stocks Investors are optimistic about Greek stocks, expecting the country to regain its investment-grade status and demonstrate fiscal discipline and economic resilience. Greek stocks have been among the best performers globally this year, with the Athens Stock Exchange General Index (EXAE:AT) up 22%. Semiconductors Shift to Japan Ahead of the G7 summit,…
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Tuesday’s Wall Street Highlights: First Republic, UPS, McDonald’s, GM and more
Main subjects of the day US stock futures fell on Tuesday as traders await the week’s earnings from major tech companies as well as new economic data, and watch for bad news from regional banks. By 8:20 AM, Dow Jones futures (DOWI:DJI) were down 68 points, or 0.20%. S&P 500 futures (SPI:SP500) and Nasdaq-100 futures (NASDAQI:COMP) were down 0.37% and 0.33%,…
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Monday’s Wall Street Highlights: Coca-Cola, Philips, Credit Suisse, C3.ai and more
Main subjects of the day By 8:18 AM, Dow Jones futures were down 43 points, or 0.13%. S&P 500 and Nasdaq-100 futures fell 0.12% and 0.14%, respectively. The main indices fell last week, with the Dow Jones (DOWI:DJI) down 0.23% and ending a four-week streak of gains. The Nasdaq (NASDAQI:NDX) shed 0.42%, while the S&P (SPI:SP500) shed 0.1%. This week,…
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SpaceX Starship Launch Fails, BuzzFeed Shuts Down News, BHP Lowers Production Outlook
Disappointing Earnings Reports Decline Stocks US and European stocks declined on Thursday after several disappointing first-quarter earnings reports. The S&P 500 index (SPI:SP500) fell by 0.6%, while the Nasdaq Composite (NASDAQI:NDX) dropped by 0.8%. Shares in Tesla (NASDAQ:TSLA) fell nearly 10% after the company reported that price cuts had further lowered its profit margin. AT&T…
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Renault Warns Against Reducing EV Prices, Bed Bath & Beyond Prepares for Bankruptcy
Mixed Earnings Affect Stocks European stocks showed a slight decrease while US equity futures declined as investors analyzed mixed corporate earnings and reviewed the most recent assessment of the US economy for hints about the path for interest rates. The Stoxx Europe 600 (STOXX:SSXP) saw a boost in banking stocks, but autos experienced a decline,…