Author: iHub News
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Traders May Take A Breather Following Yesterday’s Rally
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 after surging to record highs in the previous session. Traders may pause to assess the outlook for the markets following yesterday’s rally, which came as consumer prices rose by less than…
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Tamer-Than-Expected Inflation Data Leads To New Record Highs On Wall Street
With traders reacting positively to closely watched consumer price inflation data, stocks moved sharply higher during trading on Wednesday. The major averages added to Tuesday’s gains, setting new record closing highs. The major averages saw further upside late in the session, reaching new highs for the day. The tech-heavy Nasdaq (NASDAQI:COMP) surged 231.21 points or…
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Consumer Prices Up Less Than Expected, Retail Sales Flat
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. rose by slightly less than expected in the month of April. The Labor Department said its consumer price index increased by 0.3 percent in April after rising by 0.4 percent in March. Economists had expected consumer prices to…
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Futures Jump Following Tamer-Than-Expected Consumer Price Inflation Data
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the upward move seen over the course of the previous session. The futures had been indicating a roughly flat open but jumped into positive territory following the release of a highly anticipated Labor Department report showing…
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U.S. Stocks Close Mostly Higher After Choppy Trading Session
Stocks fluctuated over the course of the trading session on Tuesday before eventually ending the day mostly higher. The major averages all moved to the upside, with the Dow bouncing back after snapping an eight-day winning streak on Monday. The tech-heavy Nasdaq (NASDAQI:COMP) led the way higher, advancing 122.94 points or 0.8 percent to a…
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Producer Prices Up More Than Expected, Led By Services Prices
Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand climbed by 0.5 percent in April after a revised 0.1 percent dip in March. Economists had expected producer…
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Producer Price Inflation Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to modestly lower open on Tuesday, with stocks likely to move to the downside after ending yesterday’s lackluster session narrowly mixed. The futures edged lower following the release of a Labor Department report showing producer prices in the U.S. increased by more than expected in the month…
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Dow Snaps Eight-Day Winning Streak After Lackluster Session
Following the strong upward move seen last week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages moved to the upside early in the session but spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Nasdaq rose…
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Dow Closes Higher For Eighth Consecutive Session
Stocks moved to the upside early in the session on Friday but showed a lack of direction over the remainder of the trading day. The major averages eventually ended the day mixed, although the Dow closed higher for the eighth consecutive session. While the tech-heavy Nasdaq (NASDAQI:COMP) edged down 5.40 points or less than a…
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Interest Rate Optimism May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the advance seen over the course of the previous session. The markets may continue to benefit from renewed optimism about the outlook for interest rates, which has helped drive the Dow to a seven-day winning streak.…