Author: iHub News
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U.S. Stocks Move Mostly Lower Amid Ongoing Interest Rate Worries
After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Wednesday. The major averages have all moved to the downside after ending the previous session narrowly mixed. The major averages have climbed well off their worst levels in recent trading but are…
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Oil Inventories Report, 21-year Bonds Action Results Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended April 12th at 10:30 am ET. Crude oil inventories are expected to increase by 1.6 million barrels after jumping by 5.8 million barrels in the previous week. The Treasury Department is scheduled to announce the results of this…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to see initial strength following the lackluster performance seen in the previous session. Traders may once again look to pick up stocks at relatively reduced levels following recent weakness in the markets. While the Dow managed to snap…
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U.S. Stocks Finish Lackluster Session Narrowly Mixed
Stocks showed a lack of direction over the course of the trading day on Tuesday, as traders took a breather following the sell-off seen over the two previous sessions. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow (DOWI:DJI) rose 63.86 points or 0.2 percent…
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Dow Looks To Snap Six-Day Losing Streak As UnitedHealth Surges
The major U.S. index futures are currently pointing to higher open on Tuesday, with stocks likely to regain ground after moving sharply lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street, as traders pick up stocks at relatively reduced levels following the steep drops seen over the past…
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U.S. Stocks Extend Sell-Off As Treasury Yields Surge After Retail Sales Data
Following the steep drop seen last Friday, stocks showed another substantial move to the downside over the course of the trading session on Monday. The major averages moved notably higher early in the session but pulled back sharply as the day progressed. The major averages all closed firmly in the red, with the tech-heavy Nasdaq…
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U.S. Retail Sales Up More Than Expected
The Commerce Department released a report on Monday showing U.S. retail sales increased by much more than expected in the month of March. The report said retail sales climbed by 0.7 percent in March after advancing by an upwardly revised 0.9 percent in February. Economists had expected retail sales to rise by 0.3 percent compared…
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Upbeat Earnings, Retail Sales Data May Generate Buying Interest
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last Friday. A positive reaction to earnings news from Goldman Sachs (NYSE:GS) may generate early buying interest, as the investment banking company is surging by 4.1 percent in pre-market trading. The…
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U.S. Stocks Pulling Back Sharply As JPMorgan Chase Disappoints
Following the notable rebound seen in the previous session, stocks have shown a significant move back to the downside during trading on Friday. The major averages have all slid firmly into negative territory, with the Dow falling to a two-month intraday low. Currently, the major averages are just off their worst levels of the day.…
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Import and Export Prices Rise
Import prices in the U.S. increased by slightly more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said import prices climbed by 0.4 percent in March after rising by 0.3 percent in February. Economists had expected import prices to increase by another 0.3…