Nasdaq Advances On Netflix Earnings, Dow Inches Up To Record High
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On October 18, 2024, the Nasdaq rose by 115.94 points (0.6%) to 18,489.55, while the S&P 500 increased by 23.20 points (0.4%) to 5,864.67, both reaching record highs. The Dow gained 36.86 points (0.1%) to close at 43,275.91, marking a new record. Netflix's shares surged by 11.1% following strong Q3 earnings that exceeded analyst expectations. The Dow's gains were limited by a 3.2% drop in American Express shares, despite the company reporting better-than-expected earnings. U.S. housing starts fell by 0.5% in September to an annual rate of 1.354 million, while building permits dropped by 2.9%. Gold stocks rose significantly, with the NYSE Arca Gold Bugs Index up 4.8%. Airline stocks also saw a 3.0% increase. In overseas markets, Japan's Nikkei 225 rose 0.2%, China's Shanghai Composite surged 2.9%, and Hong Kong's Hang Seng spiked 3.6%. The yield on the benchmark ten-year note fell to 4.073%. Upcoming economic data on durable goods and home sales is anticipated to influence next week's trading.

#Nasdaq #Dow #Netflix #AmericanExpress #HousingStarts #GoldStocks #AirlineStocks #EconomicData #StockMarket #RecordHigh

https://www.rttnews.com/3482525/nasdaq-advances-on-netflix-earnings-dow-inches-up-to-record-high.aspx 

 U.S. Stocks Move Mostly Higher After Early Volatility
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On October 16, 2024, U.S. stocks showed early volatility but moved mostly higher throughout the day; the Dow rose by 337.28 points (0.8%) to 43,077.70, reaching a record closing high; the Nasdaq increased by 51.49 points (0.3%) to 18,367.08, and the S&P 500 climbed 27.21 points (0.5%) to 5,842.47; Cisco Systems (CSCO) surged 4.3% after a rating upgrade from Citi; UnitedHealth (UNH) rebounded 2.7% after a previous drop; the market's early uncertainty followed a Tuesday downturn led by tech stocks after ASML's warning; traders remain optimistic about the U.S. economy ahead of key reports on jobless claims, retail sales, and industrial production; import prices fell 0.4% in September, signaling muted inflationary pressures; airline stocks rose significantly, with United Airlines (UAL) up 12.4% after strong Q3 results; the bond market saw a dip in the yield on the ten-year note to 4.016%; overseas, Asia-Pacific markets mostly declined, while European markets had mixed results.

#Stocks #Dow #Nasdaq #S&p500 #Cisco #Unitedhealth #EconomicData #ImportPrices #AirlineStocks #BondMarket

https://www.rttnews.com/3481864/u-s-stocks-move-mostly-higher-after-early-volatility.aspx?type=glcom 

 Disturbed Announce 'The Sickness' 25th Anniversary Tour
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Disturbed announces 'The Sickness 25th Anniversary Tour' with 34 dates; tour starts on February 25, 2025, in Nampa, Idaho; features full performance of debut album 'The Sickness' and greatest hits; first half includes Three Days Grace and Sevendust; second half includes Daughtry and Nothing More; tickets on pre-sale October 15, 2024, and general sale October 18, 2024.

#Disturbed #TheSickness #Tour #Music #Concert #2025 #Tickets #ThreeDaysGrace #Daughtry #Sevendust

https://www.rttnews.com/3481000/disturbed-announce-the-sickness-25th-anniversary-tour.aspx?type=all 

 UK Economy Returns To Growth
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The UK economy grew by 0.2% in August 2024, following no growth in July and June; real GDP increased by 0.2% in the three months to August compared to the previous three months and by 0.8% year-on-year; UK Chancellor Rachel Reeves welcomed the growth, stating change will take time; ING economist James Smith noted a slowdown in growth pace; all main sectors grew in August; service sector increased by 0.1%, industrial output rose by 0.5%, and manufacturing output surged by 1.1%; construction output climbed 0.4%; annual industrial production decline slowed to 1.6%; visible trade deficit narrowed to GBP 15.06 billion from GBP 18.87 billion.

#UkEconomy #GdpGrowth #ChancellorReeves #IndustrialOutput #Manufacturing #TradeDeficit #EconomicStatistics #August2024 #EconomicAnalysis

https://www.rttnews.com/3480865/uk-economy-returns-to-growth.aspx 

 U.S. Stocks May See Modest Weakness As Jobs Data Looms
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U.S. stocks expected to open lower on 10/3/2024; S&P 500 futures down 0.2%; concerns over Middle East tensions; Labor Department's jobs report due on 10/4/2024; economists predict 140,000 jobs added in September, unemployment rate at 4.2%; initial jobless claims rose to 225,000 for week ending 9/28/2024; ISM services PMI expected to rise to 51.7; Dow closed at 42,196.52, Nasdaq at 17,925.12, S&P 500 at 5,709.54; Asian markets mixed, Nikkei up 2.0%, Hang Seng down 1.5%; European stocks mostly lower; crude oil up to $71.44 per barrel; U.S. dollar at 146.72 yen.

#Stocks #JobsReport #Economy #Unemployment #MarketTrends #FederalReserve #Ism #CrudeOil #Currency #Asiapacific

https://www.rttnews.com/3479371/u-s-stocks-may-see-modest-weakness-as-jobs-data-looms.aspx 

 U.S. Dollar Extends Rise Amid Declining Prospects Of U.S. Fed Rate Cut, Middle East Tensions
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The U.S. dollar rose against major currencies in the Asian session on October 3, 2024, following stronger-than-expected private sector employment data from ADP, which reported a gain of 143,000 jobs in September, up from an upwardly revised 103,000 in August. Traders are cautious due to escalating Middle East tensions after Iran's missile attack on Israel, with multiple airstrikes reported in Beirut resulting in at least six deaths. The U.S. Labor Department's employment report is expected to show a 140,000 job increase for September, with the unemployment rate holding at 4.2%. The dollar reached a 1-1/2-month high of 147.24 against the yen and a 3-week high of 1.1032 against the euro. Japan's services PMI fell to 53.1 in September, and Prime Minister Shigeru Ishiba stated the country is not ready for further rate hikes. Upcoming economic data releases include U.S. jobless claims and PMI reports.

#UsDollar #FederalReserve #MiddleEast #EmploymentData #EconomicOutlook #Adp #Pmi #Japan #Iran #Israel

https://www.rttnews.com/story.aspx?Id=3479196 

 Dockworkers On Strike At Ports Across US
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Around 45,000 dockworkers went on indefinite strike at US East Coast and Gulf Coast ports on 10/1/2024 after the United States Maritime Alliance and the International Longshoremen's Association failed to reach a settlement on a new Master Contract. The ILA rejected a wage package offered by Ocean Carriers, represented by USMX, which included a nearly 50% wage increase and enhanced retirement contributions. The strike affects 36 ports, handling nearly half of the nation's ocean imports, impacting goods availability. The union will continue to handle military cargo and ensure passenger ships are unaffected.

#Dockworkers #Strike #Ports #UsEconomy #Ila #Usmx #Wages #Shipping #LaborDispute #Maritime

https://www.rttnews.com/3478677/dockworkers-on-strike-at-ports-across-us.aspx 

 Will Growth Concerns Hamper Crypto Market Sentiment?
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Anxiety over the final reading of U.S. Q2 GDP on 9/26/2024 muted crypto market sentiment; initial GDP growth estimate was 2.8%, revised to 3%; Q1 2024 growth fell to 1.4% from 3.4% in Q4 2023; Fed Chair Jerome Powell's speech added market nervousness; Fed's GDP growth forecast for 2024 lowered to 2% from 2.1%; crypto market cap rose to $2.25 trillion; meme category market cap increased by 6.9% to $46.9 billion; Shiba Inu (SHIB) gained over 12%; Bitcoin traded at $63,756.16, 14% below its all-time high; Ethereum down 0.14% at $2,618.38; significant inflows into Bitcoin and Ethereum ETFs; Dogecoin (DOGE) up 4.5%; Worldcoin (WLD) surged over 15%; Sui (SUI) led losses with a 2.9% decline.

#Cryptocurrency #Gdp #MarketSentiment #Bitcoin #Ethereum #ShibaInu #Inflation #Fed #MonetaryPolicy #CryptoMarket

https://www.rttnews.com/3477586/will-growth-concerns-hamper-crypto-market-sentiment.aspx 

 FDA Approval Propels ZVRA To 52-week High, ADMA, CPRX, TVTX Also Reach New Peaks
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Zevra Therapeutics Inc. (ZVRA) received FDA approval for MIPLYFFA on September 20, 2024, for treating Niemann-Pick disease type C; this approval led ZVRA shares to a 52-week high of $8.81; other stocks like ADMA Biologics Inc. (ADMA), Catalyst Pharmaceuticals Inc. (CPRX), and Travere Therapeutics Inc. (TVTX) also reached new peaks; ZVRA's last closing price was $8.06; ADMA's last closing price was $19.98, and CPRX's was $20.79.

#Fda #ZevraTherapeutics #Biotech #StockMarket #NiemannpickDisease #Miplyffa #Adma #Cprx #Tvtx #Investments

https://www.rttnews.com/3476575/fda-approval-propels-zvra-to-52-week-high-adma-cprx-tvtx-also-reach-new-peaks.aspx 

 U.S. Stocks Showing A Lack Of Direction As Fed Announcement Looms
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U.S. stocks are mixed ahead of the Federal Reserve's monetary policy announcement on 9/18/2024 at 2 PM ET; Nasdaq up 19.09 points (0.1%) at 17,647.15; S&P 500 down 1.57 points (<0.1%) at 5,633.01; Dow down 80.08 points (0.2%) at 41,526.10; CME Group's FedWatch Tool shows 61% chance of a half-point rate cut, 39% for a quarter-point; John Lynch from Comerica Wealth Management predicts a 25 basis point cut; U.S. inflation growth is below target, unemployment at 4.0%, and federal deficit spending is rising; August saw a rebound in new residential construction; Asian markets mostly higher, European stocks mostly lower; U.S. ten-year treasury yield up 4.9 basis points at 3.691%.

#Stocks #FederalReserve #InterestRates #EconomicNews #MarketTrends #UsEconomy #Trading #Investments #CmeGroup #ResidentialConstruction

https://www.rttnews.com/3475951/u-s-stocks-showing-a-lack-of-direction-as-fed-announcement-looms.aspx 

 U.S. Stocks Extend Upward Trend With Another Strong Day
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U.S. stocks rose on 8/19/2024, with the Nasdaq up 245.05 points (1.3%) to 17,876.77, S&P 500 up 54.00 points (1.0%) to 5,608.26, and Dow up 236.77 points (0.6%) to 40,896.53; this marks the eighth consecutive day of gains for Nasdaq and S&P 500; 75.5% chance of a quarter-point Fed rate cut next month; Conference Board's leading economic index fell 0.6% in July; biotech stocks surged 2.2%, gold stocks up 2.1%; mixed performance in Asia-Pacific markets; U.S. treasuries rose, 10-year note yield fell to 3.867%; upcoming Fed minutes and Jackson Hole Symposium are anticipated.

#Stocks #Nasdaq #S&p500 #Dow #FederalReserve #Biotech #Gold #EconomicIndicators #InterestRates #JacksonHole

https://www.rttnews.com/3469866/u-s-stocks-extend-upward-trend-with-another-strong-day.aspx?type=glcom 

 Asian Markets Trade Mixed
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Asian stock markets are trading mixed on August 18, 2024, following mixed global cues from Friday; optimism about a soft landing for the U.S. economy is growing after positive retail sales data and improved consumer sentiment; Atlanta Fed President Raphael Bostic and Chicago Fed President Goolsbee's comments support expectations for interest rate cuts in September; Australian market sees slight gains with S&P/ASX 200 index at 7,964.90, down 6.20 points; A2 Milk shares tumble over 16% due to revenue growth forecast; Japanese Nikkei 225 Index down 15.50 points to 38,047.17; Hong Kong up 1.3%, while other Asian markets show mixed results; Wall Street saw modest gains on Friday with Dow up 96.70 points to 40,659.76.

#AsianMarkets #StockTrading #EconomicOutlook #InterestRates #A2Milk #Nikkei225 #S&p/asx200 #WallStreet #RetailSales #ConsumerSentiment

https://www.rttnews.com/3469688/asian-markets-trade-mixed.aspx?type=ts 

 Asian Markets Track Wall Street Lower
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Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight; Australian market is notably lower, with benchmark S&P/ASX 200 falling well below the 7,700 level; Japanese market is modestly higher on Thursday after opening in the red; UK House Prices Fall Most Since Early 2021; Japan posted a current account surplus of 1.533 trillion yen in June; Taiwan is down 1.3 percent, while New Zealand, China, South Korea, and Indonesia are lower by between 0.2 and 0.8 percent each; Wall Street stocks gave back ground over the course of the trading day on Wednesday; crude oil prices rose sharply on Wednesday as data showed a much larger than expected drop in U.S. crude inventories last week.

#AsianMarkets #WallStreet #StockMarkets #Economy #UsFed #Recession #GeopoliticalTensions #AustralianMarket #S&p/asx200 #Miners #EnergyStocks #TechnologyStocks #JapaneseMarket #Nikkei225 #UkHousePrices #CurrentAccountSurplus #Taiwan #NewZealand #China #SouthKorea #Indonesia #WallStreetStocks #CrudeOilPrices

https://www.rttnews.com/3467364/asian-markets-track-wall-street-lower.aspx?type=glcom 

 Fed's Beige Book Says U.S. Economy Continued To Expand, Prices Rose Modestly
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The Federal Reserve's Beige Book reports that the U.S. economy continued to expand from early April to mid-May, with most districts reporting slight or modest growth. Retail spending was described as flat to slightly up, while travel and tourism strengthened. Demand for non-financial services rose, transportation services activity was mixed, and manufacturing activity was flat to up. Overall employment rose slightly, with wage growth remaining moderate. Prices increased at a modest pace and are expected to continue growing. The Beige Book is released two weeks ahead of the Fed's next monetary policy meeting scheduled for June 11-12.

#FederalReserve #UsEconomy #EconomicGrowth #Prices #Employment #WageGrowth #MonetaryPolicy

https://www.rttnews.com/3450960/fed-s-beige-book-says-u-s-economy-continued-to-expand-prices-rose-modestly.aspx 

 U.S. Stocks Show Modest Move To The Downside
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After an early move to the downside, U.S. stocks fluctuated over the course of the trading session on Monday but largely maintained a negative bias. The tech-heavy Nasdaq fell 0.3 percent to 16,384.47, while the S&P 500 dipped 0.3 percent to 5,218.19 and the Dow slid 0.4 percent to 39,313.64. Semiconductor giant Intel (INTC) plunged by as much as 4.7 percent after China introduced new guidelines to phase out microprocessors from Intel and Advanced Micro Devices (AMD) out of government PCs and servers. Shares of Microsoft (MSFT) also fell by 1.4 percent after stricter Chinese government procurement guidance seeks to sideline the company's Windows operating system and foreign-made database software in favor of domestic options. Traders are awaiting key economic data on durable goods orders, consumer confidence, and pending home sales. New home sales in the U.S. unexpectedly decreased by 0.3 percent in February. Airline stocks showed a strong move to the upside, while oil service stocks saw considerable strength. In overseas trading, stock markets across the Asia-Pacific region moved mostly lower, while the major European markets turned in a mixed performance. Treasuries gave back ground, resulting in the yield on the benchmark ten-year note rising to 4.253 percent. Trading on Tuesday may be impacted by reaction to the latest U.S. economic data, including reports on durable goods orders and consumer confidence.

#UsStocks #StockMarket #SemiconductorIndustry #Intel #AdvancedMicroDevices #Microsoft #ChineseGovernmentProcurement #EconomicData

https://www.rttnews.com/3434612/u-s-stocks-show-modest-move-to-the-downside.aspx 

 Major Averages Climbing To New Highs For The Session
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Stocks are moving higher in afternoon trading, with the S&P 500 reaching a new record intraday high. The S&P 500 is up 42.35 points or 0.9 percent at 4,996.58, the Nasdaq is up 145.85 points or 0.9 percent at 15,754.85 and the Dow is up 209.97 points or 0.6 percent at 38,731.33. Recent upbeat economic data has seemingly reduced the likelihood of a near-term rate cut but a strong is still seen as a net positive for stocks. Share of Enphase Energy (ENPH) are soaring by 20.1 percent after the solar inverter maker reported weaker than expected fourth quarter revenues but said it expects demand to improve throughout 2024. Auto giant Ford (F) has also surged by 4.9 percent after reporting better than expected fourth quarter results, providing upbeat guidance for 2024 and announcing a supplemental dividend of 18 cents per share. On the other hand, shares of Snap (SNAP) have plummeted by 35.9 percent after the Snapchat parent reported mixed fourth quarter results and forecast first quarter sales below analyst estimates. In U.S. economic news, the Commerce Department released a report this morning showing the U.S. trade deficit widened in the month of December. The Commerce Department said the trade deficit increased to $62.2 billion in December from a revised $61.9 billion in November. Software stocks continue to see significant strength on the day, driving the Dow Jones U.S. Software Index up by 1.8 percent to a record intraday high. Considerable strength also remains visible among housing stocks, as reflected by the 1.5 percent gain being posted by the Philadelphia Housing Sector Index. Semiconductor stocks are also seeing a notable rebound after moving sharply lower on Tuesday, while biotechnology stocks have moved to the downside on the day. In overseas trading, stock across the Asia-Pacific region turned in a mixed performance on Wednesday. China's Shanghai Composite Index surged by 1.4 percent, while Hong Kong's Hang Seng Index dipped by 0.3 percent and Japan's Nikkei 225 Index edged down by 0.1 percent. Meanwhile, the major European markets all moved to the downside on the day. While the French CAC 40 Index fell by 0.4 percent, the German DAX Index and the U.K.'s FTSE 100 Index both slid by 0.7 percent.

#StockMarket #S&p500 #Nasdaq #Dow #EnphaseEnergy #Ford #Snap #TradeDeficit #SoftwareStocks #HousingStocks #SemiconductorStocks #BiotechnologyStocks #Asia-pacific #Europe

https://www.rttnews.com/3422861/major-averages-climbing-to-new-highs-for-the-session.aspx