Author: iHub News
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Extended Crude Oil Surge, Jobs Data Trigger Sell-Off On Wall Street
Stocks moved sharply lower during trading on Friday, adding to the losses posted in the previous session. With the steep losses on the day, the Dow and the Nasdaq dropped to their lowest closing levels in over three months and the S&P 500 hit a two-month closing low. The major averages all finished the day…
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NorthStrive urges enVVeno to pause clinical spending, calls for shareholder vote on strategic options
An activist investor holding a stake in enVVeno Medical Corporation has called on the company’s board to halt clinical spending and allow shareholders to vote on potential strategic alternatives, including liquidation or a merger. NorthStrive Companies Inc. said its subsidiary NorthStrive Fund II LP, which owns about 5.05% of enVVeno’s outstanding shares, sent an open…
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Escalating Middle East conflict, soaring oil prices and weak payrolls data pressure U.S. market outlook: Dow Jones, S&P 500 and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a sharply lower open on Friday, with stocks likely to see further downside following the weakness seen in the previous session. The futures saw further downside following the release of a closely watched Labor Department report showing U.S. unemployment unexpectedly decreased in the…
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U.S. jobs report shows payroll decline of 92,000 in February as unemployment rate rises to 4.4%
Employment in the U.S. unexpectedly decreased in the month of February, according to a closely watched report released by the Labor Department on Friday. The report said non-farm payroll employment slumped by 92,000 jobs in February after jumping by a downwardly revised 126,000 jobs in January. Economists had expected employment to increase by 60,000 jobs…
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U.S. Stocks Give Back Ground As Crude Oil Prices Resume Surge
After turning in a strong performance in the previous session, stocks moved back to the downside during trading on Thursday. The major averages all moved lower, with the Dow slumping to its lowest closing level in well over two months. The major averages saw a notable recovery attempt in the final hour of trading but…
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U.S. Stocks Move Back To The Upside After Yesterday’s Weakness
Stocks moved mostly higher during trading on Wednesday, partly offsetting the weakness seen in the previous session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq jumped 290.79…
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U.S. Stocks Climb Well Off Worst Levels But Still Close Notably Lower
After another sell-off at the start of trading on Tuesday, stocks once again staged a recovery attempt but did have as much success as Monday and still ended the day notably lower. While the major averages climbed well off their worst levels of the day, they remained firmly in negative territory. The Dow ended the…
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U.S. Stocks Recover From Initial Sell-Off To Close Narrowly Mixed
Stocks moved sharply lower at the start of trading on Monday in reaction to the conflict in the Middle East but showed a substantial recovery over the course of the session. The major averages climbed well off their lows of the session before eventually ending the day narrowly mixed. After tumbling by as much as…
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Inflation, AI Concerns Lead To Extended Pullback On Wall Street
Stocks moved notably lower during trading on Friday, extending the pullback seen during the previous session. The major averages all moved to the downside, with the tech-heavy Nasdaq adding to the steep loss posted on Thursday. The major averages ended the day well off their lows of the session but still in negative territory. The…
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Nasdaq Pulls Back Sharply As Nvidia Slumps But Dow Inches Higher
After moving sharply higher over the two previous sessions, stocks gave back some ground during trading on Thursday. The tech-heavy Nasdaq showed a significant move to the downside, although the Dow managed to end the day slightly higher. The Nasdaq climbed well off its early lows but still slumped 273.69 points or 1.2 percent to…