Author: iHub News
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U.S. Stocks Close Sharply Lower Following Late-Day Sell-Off
Stocks turned in a strong performance throughout much of the trading day on Thursday but came under substantial pressure in the latter part of the session. The major averages plummeted in the final two hours of trading, ending the day sharply lower. The major averages saw continued weakness going into the close, finishing the session…
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U.S. Unemployment First-Time Claims Up More Than Expected; Trade Deficit Unexpectedly Widened
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended March 30th. The report said initial jobless claims climbed to 221,000, an increase of 9,000 from the…
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Bigger Than Expected Increase In Jobless Claims May Generate Buying Interest
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move to the upside after ending the previous session little changed. The futures climbed more firmly into positive territory following the release of a Labor Department report showing first-time claims for U.S. unemployment benefits rose by more…
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Major Averages Fluctuate Before Closing Narrowly Mixed
Stocks recovered from an initial move to the downside and spent most of Wednesday’s trading session in positive territory. Buying interest waned in the latter part of the session, however, with the major averages eventually ending the day narrowly mixed. While the Dow (DOWI:DJI) edged down 43.10 points or 0.1 percent to 39,127.14, closing lower…
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Futures Pointing To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the steep drop seen in the previous session. Concerns the Federal Reserve may hold off on lowering interest rates may continue to weigh on the markets following the release of more upbeat U.S.…
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U.S. Stocks Move Sharply Lower Amid Renewed Interest Rate Uncertainty
After moving sharply lower early in the session, stocks continue to see considerable weakness throughout the trading day on Tuesday. The Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) added to Monday’s losses, pulling back further off the record closing highs set last Thursday. The major averages ended the session off their worst levels of the…
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New Manufactured Goods Orders, Job Openings Reports Due
The Commerce Department is scheduled to release its report on new orders for manufactured goods in the month of February at 10 am ET. Factory orders are expected to increase by 1.0 percent in February after tumbling by 3.6 percent in January. Also at 10 am ET, the Labor Department is due to release its…
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Renewed Interest Rate Uncertainty May Weigh On Wall Street
The major U.S. index futures are currently pointing to early weakness on Tuesday, with stocks likely to see further downside after turning lower over the course of the previous session. Renewed uncertainty about the outlook for interest rates may weigh on the markets as traders digest recent U.S. economic data. Last Friday’s closely watched inflation…
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Dow, S&P 500 Give Back Ground But Nasdaq Inches Higher
After failing to sustain an early move to the upside, stocks moved mostly lower over the course of the trading day on Monday. The Dow and the S&P 500 gave back ground after ending last Thursday’s trading at record closing highs, while the tech-heavy Nasdaq managed to end the day in positive territory. While the…
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U.S. Stocks Close Little Changed Ahead Of Inflation Data
Following the strong upward move seen late in Wednesday’s session, stocks showed a lack of direction over the course of the trading day on Thursday. Despite the choppy trading, the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reached new record closing highs. The major averages eventually ended the session narrowly mixed. While the Nasdaq (NASDAQI:COMP)…