U.S. stock futures drifted higher Thursday, with investors anticipating a quiet day of trading on Thanksgiving. Futures tied to the S&P 500 ticked up 0.1%, a day after the benchmark stocks gauge closed at its second-highest level on record. Futures for the technology-heavy Nasdaq-100 index edged up 0.3%.
European shares inched higher in early trade on Thursday, but gains were limited as an extension of coronavirus restrictions in Germany and grim economic growth forecasts for the United Kingdom dented sentiment. The pan-European STOXX 600 rose 0.1%, with tech and healthcare sectors leading gains.
* Bitcoin falls as much as 13% * Smaller coins also suffer. * Unwinding of leveraged positions, concerns over regulation cited. By Tom Wilson. Bitcoin plunged on Thursday to its lowest level in 10 days, slamming the brakes on its blistering rally and sparking a sell-off among smaller digital coins. Bitcoin, the world's biggest cryptocurrency, slumped as much as 13% to its lowest since Nov. 16.
Bitcoin plunged on Thursday to its lowest level in 10 days, slamming the brakes on its blistering rally and sparking a sell-off among smaller digital coins. Bitcoin, the world's biggest cryptocurrency, slumped as much as 13% to its lowest since Nov. 16.
* Asian shares gain 0.3%, Nikkei up 0.6% * U.S. S&P500 futures up 0.2%, erasing Wednesday's losses. * World stocks on track to make biggest monthly gain ever. * 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Global stock market outlook: https://tmsnrt.rs/3nT0J5r. By Hideyuki Sano.
The Dow Jones Industrial retreated Wednesday, sliding back below 30000 after mixed economic data and the continued rise in Covid-19 cases. Wednesday's decline marked a pause in a rally fueled by hopes for Covid-19 vaccines and easing concerns around the U.S. presidential transition. President-elect Joe Biden's pick of former Federal Reserve head Janet Yellen for Treasury secretary has also increased hopes of sizable stimulus measures.
* MSCI's all-country stock index hits record, ends flat. * 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Global stock market outlook: https://tmsnrt.rs/3nT0J5r. By Rodrigo Campos. Stocks ended near the previous session record high on Wednesday as Wall Street bumped up against disappointing job market data, while oil continued to rise and the dollar weakened further.
The Dow Jones Industrial retreated Wednesday, sliding back below 30000 after mixed economic data. The blue-chip index fell around 174 points, or 0.6%, to 29872, a day after breaching the 30000 milestone for the first time. The S&P 500 edged down 0.2% and the Nasdaq Composite finished the day up 0.5%.
By Stephen Culp. The S&P 500 index closed lower on Wednesday as mounting U.S. layoffs in the wake of new mandated lockdowns to contain surging COVID-19 infections dampened investor risk appetite. The index and the Dow Jones Industrial Average retreated from record closing highs, pulled lower by cyclicals and small caps that drove the rally earlier in the week.
* MSCI's all-country stock index hits record before slipping. * 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Global stock market outlook: https://tmsnrt.rs/3nT0J5r. By Rodrigo Campos. Stocks edged back from record highs on Wednesday as Wall Street bumped up against underwhelming economic data, while oil continued to rise and the dollar weakened further.
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