ADVFN US – Market Content Editor
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U.S. Stocks Move Sharply Higher, Dow Reaches One-Month Closing High
Stocks showed a strong move to the upside during trading on Friday, with the major averages more than offsetting the losses posted in the previous session. With the upward move, the Dow ended the day at its best closing level in a month. The major averages pulled back off their best levels in the latter…
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U.S. New Residential Construction Skyrocketed
A report released by the Commerce Department on Friday showed new residential construction in the U.S. skyrocketed by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate…
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U.S. Stocks May See Initial Strength As Treasury Yields Extend Pullback
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move back to the upside after ending yesterday’s lackluster session mostly lower. Early buying interest may be generated in reaction to a continued decrease by treasury yields, as the yield on the benchmark ten-year note is moving…
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Dow, S&P 500 Post Modest Losses, Nasdaq Closes More Firmly In The Red
Following the substantial rally seen during Wednesday’s session, stocks turned in a relatively lackluster performance during trading on Thursday. The major averages fluctuated over the course of the trading day before eventually closing in negative territory. The Dow and the S&P 500 posted more modest losses. The Dow dipped 68.42 points or 0.2 percent to…
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U.S. First-Time Unemployment Benefit Claims Climbed More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended January 11th. The Labor Department said initial jobless claims climbed to 217,000, an increase of 14,000 from the previous week’s revised level of 203,000. Economists had expected jobless claims to…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the rally seen in the previous session. Traders may a moment to digest the rally seen on Wednesday, which saw the major averages post their largest daily percentage gains in…
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Positive Reaction To Inflation Data, Bank Earnings Leads To Rally On Wall Street
Stocks moved sharply higher early in the session on Wednesday and continued to turn in a strong performance throughout the trading day. The major averages all surged after ending Tuesday’s trading narrowly mixed. The tech-heavy Nasdaq posted a standout gain, soaring 466.84 points or 2.5 percent to 19,511.23 after ending the previous session at its…
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U.S. Consumer Prices Up Slightly More Than Expected
Largely reflecting a surge by energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than expected in the month of December. The Labor Department said its consumer price index climbed by 0.4 percent in December after rising by 0.3 percent in November. Economists had…
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Positive Reaction To Inflation Data May Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Wednesday, with stocks likely to show a strong move to the upside following the lackluster performance seen in the previous session. Stocks are likely to benefit from a positive reaction to the Labor Department’s closely watched report on consumer price inflation…
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U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
After failing to sustain an early move to the upside, stocks showed a lack of direction over the course of the trading session on Tuesday. The major averages swung back and forth across the unchanged line before eventually closing narrowly mixed. While the tech-heavy Nasdaq dipped 43.71 points or 0.2 percent to 19,044.39, the S&P…