Author: iHub News
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Kohl’s, UiPath Shares Down, Foot Locker and Okta Should Rise
Shares of Kohl’s (NYSE:KSS) have plummeted in pre-market trading after the department store chain reported an unexpected fiscal first quarter loss on weaker than expected revenues. Software company UiPath (NYSE:PATH) is also seeing a pre-market nosedive after reporting fiscal first quarter results that exceeded estimates but providing disappointing guidance. The company also announced the resignation…
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First-Time Unemployment Benefit Claims Modestly Higher; Economic Gworth Slowed
First-time claims for U.S. unemployment benefits crept modestly higher in the week ended May 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 219,000, an increase of 3,000 from the previous week’s revised level of 216,000. Economists had expected jobless claims to inch up…
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Dow Likely To See Further Downside Amid Steep Drop By Salesforce
The major U.S. index futures are currently pointing to a lower open on Thursday, with the Dow futures showing a notable move to the downside. A steep drop by shares of Salesforce (NYSE:CRM) is likely to weigh on the Dow, as the cloud-based software company is plunging by 16.5 percent in pre-market trading. Salesforce is…
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Rising Treasury Yields Contribute To Weakness On Wall Street
Following the mixed performance seen during Tuesday’s session, the major U.S. stock indexes all moved to the downside during trading on Wednesday. The Dow showed a notable decline, falling to its lowest closing level in almost a month. The major averages all finished the day firmly in negative territory. The Dow (DOWI:DJI) slumped 411.32 points…
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Treasury Department Seven-Year Note Auction Results Due
The Treasury Department is scheduled to announce the results of this month’s auction of $44 billion worth of seven-year notes at 1 pm ET. At 1:45 pm ET, New York Federal Reserve President John Williams is due to participate in a roundtable with local leaders to hear about business conditions and municipal and community services.…
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Rising Treasury Yields May Weigh On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to move mostly lower following the mixed performance seen in the previous session. A continued increase by treasury yields may weigh on Wall Street, as the yield on the benchmark ten-year note is seeing further upside…
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Nasdaq Climbs To Another Record Closing High But Dow Sees Further Downside
After moving in opposite directions early in the session, the Nasdaq and the Dow turned in a mixed performance throughout much of the trading day on Tuesday. While the Nasdaq briefly joined the Dow in negative territory in afternoon trading, the tech-heavy index rebounded to end the day at a new record closing high. The…
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Tech Stocks May Lead Early Uptick On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with tech stocks likely to see further upside after leading the markets higher last Friday. Shares of Nvidia (NASDAQ:NVDA) are surging by 3.0 percent in pre-market trading, as the AI darling seems poised to continue to benefit from last week’s…
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Nasdaq Reaches New Record Closing High But Dow Nearly Unchanged
Following the downturn seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the rebound, surging to a new record closing high. The Nasdaq jumped 184.76 points or 1.1 percent to 16,920.94 and the S&P 500 (SPI:SP500) climbed 36.88 points…
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U.S. Stocks Move Mostly Lower As Early Buying Interest Evaporates
Stocks moved mostly higher at the start of trading on Thursday but failed to sustain the initial upward move and came under pressure over the course of the session. The major averages pulled back well off their highs of the session and into negative territory. After reaching record intraday highs, the Nasdaq fell 65.51 points…