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U.S. stocks were minimally volatile on Tuesday, with General Motors surging 10.4% on strong results, offsetting a sharp decline in GE Aerospace shares. S&P 500: 5,851.20 ⬇️ down 0.0047% Nasdaq Composite: 18,573.13 ⬆️ up 0.18% Dow Jones Industrial Average: 42,924.89 ⬇️ down 0.016% STOXX Europe 600: 520.40 ⬇️ down 0.21% CSI 30 0: 3,957.78 ⬆️ 0.57% increase Nikkei average: 38,411.96 ⬇️ 1.39% down Bitcoin: $67,466.16 ⬆️ 0.15% up US: Stocks fall amid rising yields and profit expectationsTuesday’s trading session was quiet, with the S&P 500 down less than 0.1%, following a slight decline on Monday that ended a six-week winning…
Benzinga and Yahoo Finance LLC may earn commissions or revenue from some items linked below. NVIDIA Corp (NASDAQ:NVDA) reached a new milestone on Monday as its stock rose 4.14% to close at an all-time high of $143.71, prompting a notable reaction from CNBC’s Jim Cramer. What Happened: Following the stock’s record performance, Mr. Cramer told X (ex-Twitter), “Nvidia, don’t trade, own.” “I questioned the decision of the people who sold it in the low $200 range.” ” Don’t miss: Dan Ives, an analyst at Wedbush Securities, seconded Kramer’s opinion, responding with an emoji of a trophy symbolizing accomplishment and success.…
A noted cryptocurrency strategist and trader believes that Ethereum (ETH) is gearing up for a massive breakout rally. Pseudonymous analyst Immortal shared the chart with his 217,500 followers on social media platform suggests. “You may call me crazy, but I think ETH is a good spot trade here. Slower than SOL, but more secure. ” Source: Immortal/X Zooming in on Ethereum, Immortal notes that ETH has already broken out of its horizontal resistance on the lower time frame. “ETH is showing the way. Classic consolidation below resistance + rising lows. ” Source: Immortal/X At the time of this writing, Ethereum…
Will Congress fix crypto regulations before it’s too late? Behnum said the lack of legal clarity leaves the CFTC “handcuffed” as the cryptocurrency market continues to evolve. CFTC is ‘handcuffed’ The increasing complexity of the crypto market isn’t the only thing that U.S. Commodity Futures Trading Commission Chairman Rostin Behnam is concerned about. Behnum, who has long advocated for clearer rules in the digital asset space, is now calling on Congress to address two key issues: crypto regulation and election gambling. In recent remarks at a major industry conference, Behnam said the lack of a clearer legal framework leaves regulators…
Investors often become bullish on stocks when interest rates start to trickle down. That was certainly the case, as markets were anticipating the start of the US Federal Reserve’s easing cycle, which began with last month’s deep interest rate cuts. The S&P 500 stock index is up about 24% since the beginning of the year and 40% over the past 12 months. Since so-called growth stocks are often capital-intensive, it is generally believed that lower borrowing costs are advantageous. Tech stocks and small-cap stocks tend to be classified as growth stocks, meaning they are expected to rise faster than the…
Investors should look beyond the so-called “Magnificent Seven” and identify technology “winners” outside the United States, according to one hedge fund manager. Beanit Kothari, CEO and principal portfolio manager at U.S.-based hedge fund Techne Capital Management, believes there are global tech stocks that are still making good investments. said. “Our view is that there is a Magnificent Seven group of companies in each of the world’s major economies that you can buy at a fraction of the price,” he told CNBC Pro earlier this month. Ta. The Magnificent Seven stocks (Alphabet, Amazon, Apple, Metaplatform, Microsoft, Nvidia, and Tesla) have dominated…
India is leaning towards a complete ban on private cryptocurrencies such as Bitcoin and Ethereum in a bid to regulate the risks of the current volatile market. The government said it will prioritize central bank digital currencies (CBDCs) as they offer all the benefits of private cryptocurrencies without the instability and potential for abuse. The regulator added that CBDCs do not necessarily have to meet financial inclusion goals related to cryptocurrencies. The Reserve Bank of India (RBI) supports CBDCs as they enable a more secure alternative that can achieve the financial inclusion goals typically associated with cryptocurrencies. Expansion of CBDC…
Experts say the White House plays a pivotal role in shaping the future of cryptocurrencies, so the outcome of the US presidential election could impact the prices of Bitcoin and altcoins. According to the cryptocurrency prediction market Polymarket, Donald Trump has a higher probability of winning the US presidential election than Kamala Harris. Cryptocurrency regulation in the United States first surfaced during the election period, and experts say a Trump victory would definitely be an advantage for the industry. Ripple’s co-founder supports Harris as the company continues to battle the SEC over the status of XRP. Americans are set to…
McDonald’s (MCD) stock fell as much as 10% in after-hours trading on Tuesday. This comes after the Centers for Disease Control and Prevention announced that the company’s Quarter Pounder burger has been linked to E. coli outbreaks in some states, with most of the illnesses occurring in Colorado. And Nebraska. “This is an ongoing outbreak investigation,” the CDC said on its website. “Most of the sick people reported eating McDonald’s Quarter Pounder burgers, and investigators are working quickly to determine which ingredients were contaminated.” McDonald’s has stopped using raw sliced onions and quarter-pound beef patties in some states while the…
The recent drop in ETH price appears to be a retracement. Market sentiment suggested a pullback was likely as buying pressure eased. Over the past 24 hours, Ethereum (ETH) entered a so-called retracement (a temporary decline before a rally in a bull market), losing 2.70% during this period. AMBCrypto reports that the economic downturn could widen further and reverse the 1.62% gain in ETH recorded over the past week. ETH continues to face downturn The ETH chart is currently lacking bullish signals, indicating the possibility of further decline as it searches for optimal liquidity levels to support price appreciation. Currently,…