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The S&P 500 Index ($SPX) (SPY) on Friday closed up +1.20%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.79%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.29%.  June E-mini S&P futures (ESM26) rose +1.20%, and June E-mini Nasdaq futures (NQM26) rose +1.28%.Stock indexes settled sharply higher on Friday, with the S&P 500 and Nasdaq 100 posting new all-time highs and the Dow Jones Industrials posting a 7-week high.  Stocks rallied on Friday amid mounting speculation that a deal to end the US-Iran war is near, sparking risk-on sentiment in asset markets.  Crude prices sank more than -11% after Iran announced…

Roberto Stewart has been appointed as president and chief business officer at Hightower Advisors. Stewart will lead enterprise services and support the firm’s growth strategy by advancing Hightower One, Hightower’s back- and middle-office platform. Additionally, he will oversee operations, technology, risk, product, PMO, and integrations. Prior to joining Hightower, Stewart served as COO at Engle Martin, a portfolio company of BW Forsyth Partners. He also held executive roles at American International Group, McKinsey & Company, and Allstate. As part of this transition, Gurinder Ahluwalia, who had stepped in as Interim President, will continue to be an advisor to the company and remain a member of Hightower’s…

Key points:Bitcoin soared above $76,000, opening the doors for a further rally toward $84,000.Several major altcoins are showing strength, signaling broad-based buying by the bulls.Bitcoin (BTC) skyrocketed above the $76,000 resistance on Friday after Iran’s foreign minister said that the Strait of Hormuz will remain open for the remainder of the ceasefire between the US, Israel and Iran.Another positive sign for the bulls is that BTC’s rise has been supported by solid accumulation by the whales. According to CryptoQuant data, BTC whales holding more than 1,000 BTC have added about 270,000 coins in the past 30 days, the largest buying…

The wheat complex is trading with gains across most contracts so far on the Thursday session. Chicago SRW futures are 5 to 6 cents higher so far. KC HRW futures is leading the bull’s charge, up 16 o 18 cents in the front months. MPLS spring wheat is up 10 to 11 cents at midday.Export Sales data will from Thursday morning shows just 100,318 MT of old crop wheat sold in the week of 4/9, on the lower side of estimates of 75,000 to 250,000 MT. That was down 38.68% from last week but up 31.14% from the same week…

Wellington Management has launched the Wellington Absolute Return Global Equity Fund, a market-neutral, multi-manager UCITS strategy designed to generate returns above cash while remaining independent of broader market direction. The daily-dealing fund is positioned as a liquid alternative solution, seeking to complement traditional portfolios by enhancing diversification and resilience across market cycles. Co-managed by Steve Gorman, Co-Head of Multi-Asset Portfolio Management, and Portfolio Manager Veenu Ramchandani, the strategy targets returns exceeding the ICE Bank of America 3-Month U.S. Treasury Bill Index. The fund allocates across a diversified set of internally managed equity strategies, with tailored hedging applied to each allocation.…

Bitcoin (BTC) treaded water at Thursday’s Wall Street open as the S&P 500 reached new all-time highs.Key points:Bitcoin stays locked on $74,000 after its local highs preceded a new record for the S&P 500.Analysis warns that the US midterm elections may impact the stock rally.Bitcoin could follow the Nasdaq 100 higher, a trader suggests.BTC price tripped after fresh highs from the S&P 500Data from TradingView showed $74,000 continuing to form an intraday BTC price focus.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS jobless claims came in marginally below expectations at 207,000 versus 213,000, pointing to the labor market withstanding current geopolitical and inflation…

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.80%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.40%.  June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +1.41%.Stock indexes settled mostly higher on Wednesday, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Optimism around a potential peace deal in the Middle East is supporting stocks. The AP reported on Wednesday that the US and Iran reached an “in-principle agreement” to extend the ceasefire to allow for more diplomacy.  The US and Iran are considering…

DJIA38904.04 307.06S&P 5005204.34 57.13NASDAQ16248.52 199.44Russell 20002060.10 8.70German DAX18163.94 -238.49FTSE 1007911.16 -64.73CAC 408061.31 -90.24EuroStoxx 505013.35 -57.20Nikkei 22538992.08 -781.06Hang Seng16723.92 -1.18Shanghai Comp3069.30 -5.66KOSPI2714.21 -27.79Bloomberg Comm IDX102.90 0.64WTI Crude-fut91.17 0.01Brent Crude-fut86.57 1.15Natural Gas1.79 0.00Gasoline-fut2.79 -0.01Gold-fut2345.40 33.50Silver-fut27.50 0.46Platinum-fut940.60 -5.50Palladium-fut1007.40 -23.60Copper-fut423.60 1.85Aluminum-spot1815.00 0.00Coffee-fut212.50 5.75Soybeans-fut1185.00 5.00Wheat-fut567.25 11.00Bitcoin67976.00 304.00Ethereum USD3328.10 56.27Litecoin98.71 0.69Dogecoin0.18 0.00EUR/USD1.0862 0.0007USD/JPY151.72 -0.02GBP/USD1.2678 0.0016USD/CHF0.9044 -0.0014USD IDX104.28 0.08US 10-Yr TR4.4 0.091GER 10-Yr TR2.406 0.007UK 10-Yr TR4.064 -0.005JAP 10-Yr TR0.771 -0.004Fed Funds5.5 0SOFR5.32 0

Bitcoin (BTC) circled $74,000 at Wednesday’s Wall Street open as US stocks edged higher on news that the US and Iran may be open to another round of ceasefire negotiations.Key points:Bitcoin consolidates as analysts warn that stocks may be too optimistic over geopolitical relief.The S&P 500 approaches new all-time highs despite questions over Iran’s uranium enrichment.Bitcoin traders note missing components to support a true trend change.Iran conflict lacks “genuine resolution”Data from TradingView showed declining BTC price volatility after a trip to two-month highs the day prior.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewStocks continued a recovery on the day as US President Donald…

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +1.18%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.81%.  June E-mini S&P futures (ESM26) rose +1.18%, and June E-mini Nasdaq futures (NQM26) rose +1.76%.Stock indexes rallied sharply on Tuesday, with the S&P 500 posting a 2-month high, the Dow Jones Industrial Average a 1.25-month high, and the Nasdaq 100 a 2.25-month high.  Optimism that the US and Iran will extend the two-week ceasefire knocked crude oil prices sharply lower on Tuesday and pushed stocks higher.  The US and Iran are in discussions…