Nvidia May Lead Early Upward Move On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 20 June 2024 10:45:00 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move the upside as trading resumes following the Juneteenth holiday on Wednesday. A notable advance by shares of Nvidia (NVDA) may contribute to early strength on Wall Street, as the AI darling is surging by 3.7 percent in pre-market trading. Nvidia shot up by 3.5 percent during trading on Tuesday, surpassing Microsoft (MSFT) as the world?s most valuable public company. The futures remained positive after the Labor Department released a report showing a modest pullback by first-time claims for U.S. unemployment benefits in the week ended June 15th. The Labor Department said initial jobless claims dipped to 238,000, a decrease of 5,000 from the previous week's revised level of 243,000. Economists had expected jobless claims to fall to 235,000 from ... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports First-time claims for U.S. unemployment benefits saw a modest pullback in the week ended June 15th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims dipped to 238,000, a decrease of 5,000 from the previous week's revised level of 243,000. Economists had expected jobless claims to fall to 235,000 from the 242,000 originally reported for the previous week. Meanwhile, the report said the less volatile four-week moving average rose to 232,750, an increase of 5,500 from the previous week's revised average of 227,250. A separate report released by the Commerce Department on Thursday unexpectedly sh... [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly higher on Thursday as the Bank of England retained its key policy rate for the seventh straight session on Thursday. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008. Elsewhere, the Swiss National Bank delivered another interest rate cut, reducing its policy rate by 25 basis points to 1.25 percent, as expected by two-thirds of analysts. Norway's central bank held its key policy rate at 4.5 percent as expected. [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks ended mixed on Thursday as France's political crisis fueled jitters and investors look ahead to a slew of central bank decisions. The dollar index held steady in Asian trading, while gold and oil prices were higher in the wake of rising geopolitical tensions in Europe and the Middle East. Chinese markets ended modestly lower as the People's Bank of China left benchmark lending rates unchanged at a monthly fixing and the... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.06 to $81.63 a barrel after jumping $1.24 to $81.57 a barrel on Tuesday. Me... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49