Author: iHub News
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First-Time U.S. Unemployment Claims Fell More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th. The Labor Department said initial jobless claims slid to 215,000, a decrease of 8,000 from the previous week’s revised level of 223,000. Economists had expected jobless claims to…
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Upbeat Nvidia Earnings Likely To Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to lead an early rally following upbeat quarterly results from Nvidia (NASDAQ:NVDA). Shares of Nvidia (NASDAQ:NVDA) are soaring by 7.0 percent in pre-market trading after the AI darling reported better than expected fiscal first quarter results and…
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U.S. Stocks Climb Off Worst Levels But Remain In The Red After Fed Minutes
Stocks showed a lack of direction throughout much of the trading session on Wednesday before coming under pressure following the release of the minutes of the Federal Reserve’s latest monetary policy meeting. The major averages climbed off their worst levels going into the close but ended the day in the red after ending Tuesday’s choppy…
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Caution Ahead Of Nvidia Earnings May Weigh On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Wednesday, with stocks likely to give back ground after ending yesterday’s choppy trading day modestly higher. Traders may look to cash in on recent strength in the markets ahead of the release of quarterly results from AI darling Nvidia (NASDAQ:NVDA). Nvidia…
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Nasdaq, S&P 500 End Choppy Trading Day At New Record Closing Highs
Following the mixed performance seen in the previous session, stocks showed a lack of direction throughout much of the trading day on Tuesday. Despite the choppy trading on the day, the S&P 500 and the Nasdaq reached new record closing highs. The major averages spent the day bouncing back and forth across the unchanged but…
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Lingering Rate Uncertainty May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session. Traders may take a step back to assess the recent strength in the markets, which has seen the major averages climb to…
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Nasdaq Reaches New Record Closing High But Dow Gives Back Ground
After an early advance, the major U.S. stock indexes moved in opposite directions over the course of the trading session on Monday. The tech-heavy Nasdaq added to last week’s strong gains, reaching a new record closing high, while the Dow gave back ground after closing above 40,000 for the first time last Friday. The Nasdaq…
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U.S. Stocks May Add To Last Week’s Strong Gains In Early Trading
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week. The Dow closed above 40,000 for the…
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Dow Finishes Choppy Trading Day Above 40,000 For First Time
Following the modest pullback seen over the course of the previous session, stocks showed a lack of direction during trading on Friday. The major average spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. Despite the choppy trading, the Dow closed above 40,000 for the first time, rising…
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U.S. Stocks Move Modestly Lower After Seeing Early Strength
Stocks moved to the upside early in the session on Thursday but fluctuated over the course of the trading day before eventually closing modestly lower. The major averages partly offset the strong upward move seen over the two previous sessions. While the Dow (DOWI:DJI) climbed above 40,000 for the first time in morning trading, the…