Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

21m
cointelegraph

Canadian Bitcoin scammers con $230k from U.S citizen

27m
bitcoinwarrior

Here’s How Much the Top Athletes Would Make If They Were Paid in Bitcoin

27m
beincrypto

Send Token Payouts With Ease Using Bitcoin.com’s SLP Dividend Calculator

29m
thebitcoinnews

Why FB Stock Is Poised for a 25% Rally

32m
cryptonewmedia

Crypto-Like Global Monetary System To Be a Boon For BTC

33m
cryptonewmedia

Why You Should Use Cryptocurrencies

1h
bitcoinwarrior

Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC

1h
newsbtc

Crypto News From the Spanish-Speaking World: Week in Review

2h
cointelegraph

Rwanda Reportedly Considering National Digital Currency

2h
dcebrief

The Bitcoin Price Just Did Something It’s NEVER Done Before

2h
cryptonewmedia

Is cryptocurrency mining on nuclear power a viable power solution?

2h
bitcoinwarrior

Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

2h
cointelegraph

Each Bitcoin bull market started with miner capitulation, says researcher

2h
cryptoslate

Poloniex Set to Repay Flash Crash Losses, Victims Are Not Happy

2h
thebitcoinnews

Are Whales Behing Bitcoin’s Latest Dips?

3h
livebitcoinnews

Chinese Drug Kingpins Use Bitcoin, According to U.S. Treasury

3h
beincrypto

US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000

3h
cointelegraph

Ethereum May Face 20% Pullback as Key Support Level Grows Weak

3h
newsbtc

New York Gym Grit Bxng Accepts BTC Payments

3h
livebitcoinnews

Bitcoin Transactions Lead to International Drug Trafficking…

4h
cryptonewmedia

Punk Rocker Tweets ‘Bitcoin Camaro’ to 106,000 Fans Thanks to Siri Blooper

4h
dailyhodl

Adoption Shortcut or Blockchain Purists’ Nightmare?

4h
cryptonewmedia

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

4h
thebitcoinnews

Crypto Custody: Adoption Shortcut or Blockchain Purists’ Nightmare?

4h
cointelegraph


Dow Defies Trade Drama as Booming Jobs Data Spellbinds Wall Street

By CCN: The Dow and broader U.S. market raced deeper into recovery mode on Thursday after a pair of blue-chip companies reported better than expected quarterly earnings and fewer Americans applied for jobless benefits last week.

All of Wall Street’s benchmark indexes reported significant growth on Thursday, mirroring a strong pre-market session for Dow futures. The Dow Jones Industrial Average surged 272 points, or 1.1%, to 25,820.11.

The Dow Jones Industrial Average extends its recovery on Thursday on stronger than expected corporate earnings. | Chart via Yahoo Finance.

Dow blue-chips Walmart Inc. (WMT) and Cisco Systems Inc. (CSCO) rose sharply after the companies reported better than expected quarterly earnings.

The broad S&P 500 Index of large-cap stocks gained 1.2% to 2,885.90. All 11 primary sectors recorded gains. Financials and materials were the largest percentage gainers on Thursday.

Strong performances in communication services and information technology propelled the Nasdaq Composite Index higher. The tech-driven average rose 1.3% to 7,921.89.

The U.S. labor market is on firm footing as jobless claims decline in the week ended May 11. | Source: Shutterstock

The U.S. labor market tightened much more than expected last week, further validating the Trump administration’s economic recovery.

Economists at the Labor Department said the number of Americans filing for unemployment benefits dropped by 16,000 to a seasonally adjusted 212,000 in the week ended May 11. Analysts were calling for a drop to 220,000.

A strong labor market provides a source of optimism for investors concerned that the global economic slowdown will soon hit American shores. Recessionary headwinds are being kept under control despite ongoing trade tensions with China and signs of a manufacturing downturn at home.

The U.S. housing market has been bogged down in a multi-year slowdown due to rising interest rates and higher home prices. Housing starts and building permits picked up last month, which may offer the struggling market a temporary reprieve.

Starts rose 5.7% in April to a seasonally adjusted 1.235 million units, the Department of Commerce reported Thursday. Building permits, which are a proxy for future construction plans, edged up 0.6% to a 1.296 million-unit pace.

Click here for a real-time Dow Jones Industrial Average price chart.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments