Author: iHub News
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U.S. Stocks Move Mostly Higher, Dow Extends Winning Streak To Seven Days
Following the lackluster performance seen over the two previous sessions, stocks moved mostly higher during trading on Thursday. The Dow extended its winning streak to seven sessions, once again reaching its best closing level in over a month. The major averages ended the day just off their highs of the session. The Dow jumped 331.37…
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First-time U.S. Benefit Claims Rose More Than Expected
First-time claims for U.S. unemployment benefits rose by much more than expected in the week ended May 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from the previous week’s revised level of 209,000. Economists had expected jobless claims…
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Choppy Trading Likely To Persist On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to extend the lackluster performance seen over the two previous sessions. The futures had been pointing to a modestly lower open but regained ground following the release of a report from the Labor Department showing a much…
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Dow Extends Winning Streak Amid Another Lackluster Session
Stocks showed a lack of direction over the course of the trading day on Wednesday, extending the lackluster performance seen during Tuesday’s session. Despite the choppy trading, the Dow closed higher for the sixth straight day, reaching its best closing level in over a month. The major averages eventually finished the day mixed. While the…
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Wholesale Inventories, Oil Inventories Reports Due
The Commerce Department is due to release its report on wholesale inventories in the month of March at 10 am ET. Wholesale inventories are expected to decrease by 0.4 percent. At 10:30 am ET, the Energy Information Administration is scheduled to release its report on oil inventories in the week ended May 3rd. Crude oil…
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Lingering Interest Rate Uncertainty May Weigh on Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside after ending yesterday’s lackluster session narrowly mixed. Lingering uncertainty about the outlook for interest rates may weigh on the markets following Tuesday’s remarks by Minneapolis Federal Reserve President Neel Kashkari. Kashkari suggested interest…
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U.S. Stocks Close Little Changed But Dow Extends Winning Streak
Stocks saw modest strength throughout much of the trading session on Tuesday but gave back ground in afternoon trading to end the day little changed. The Dow still managed to close higher for the fifth consecutive session, reaching its best closing level in a month. The major averages ended the day narrowly mixed. While the…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to roughly flat open on Tuesday, with stocks likely to show a lack of direction after moving sharply higher over the past several sessions. Traders may take a breather on the heels of the advance seen during Monday’s session, which extended the rally seen to close out…
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U.S. Stocks See Further Upside Amid Renewed Interest Rate Optimism
Stocks showed a strong move to the upside during trading on Monday, extending the rally seen to close out the previous week. With the continued advance, the major averages reached their best closing levels in almost a month. The Nasdaq and the S&P 500 reached new highs for the session going into the close of…
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Jobs Data, Apple Earnings Contribute To Extended Rally On Wall Street
Following the rally seen over the course of Thursday’s session, stocks showed another strong move to the upside during trading on Friday. The major averages all moved sharply higher, with the tech-heavy Nasdaq leading the charge. The major averages moved roughly sideways after an early surge, remaining firmly positive. The Dow jumped 450.02 points or…