Author: iHub News
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Late-Day Surge Contributes To Higher Close On Wall Street
Stocks fluctuated over the course of the trading session on Wednesday but managed to end the day mostly higher thanks to a late-day surge. With the upward move, the Dow and the S&P 500 snapped three-day losing streaks. The major averages all moved to the upside, with the Dow posting a standout gain. While the…
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended March 22nd at 10:30 am ET. Crude oil inventories are expected to dip by 1.0 million barrels after decreasing by 2.0 million barrels in the previous week. The Treasury Department is due to announce the results of this…
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S&P 500 May Regain Ground Following Three-Day Losing Streak
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks poised to attempt another rebound following pullback seen late in the previous session. Traders may once again look to pick up stocks at somewhat reduced levels after early buying interest faded over the course of Tuesday’s session. The major…
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U.S. Stocks Close Modestly Lower Following Late-Day Pullback
Stocks saw modest strength throughout much of the trading day on Tuesday before coming under pressure in the final hour of the session. The major averages all moved to the downside, finishing the day in negative territory. After climbing by more than 100 points earlier in the day, the Dow (DOWI:DJI) ended the session down…
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New U.S. Manufactured Goods Orders Increased; Major Metropolitan House Prices Report Due
Partly reflecting a rebound in orders for transportation equipment, the Commerce Department released a report on Tuesday showing a notable increase in new orders for U.S. manufactured durable goods in the month of February. The report said durable goods orders jumped by 1.4 percent in February after plummeting by a revised 6.9 percent in January.…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move back to the upside following the modest weakness seen on Monday. Optimism about the outlook for interest rates may inspire renewed buying interest on Wall Street following the Federal Reserve’s monetary policy announcement last week. While…
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U.S. Stocks Show Modest Move To The Downside
After an early move to the downside, stocks fluctuated over the course of the trading session on Monday but largely maintained a negative bias. The major averages all finished the day lower after ending last Friday’s trading mixed. The tech-heavy Nasdaq (NASDAQ:COMP) fell 44.35 points or 0.3 percent to 16,384.47, pulling back off the record…
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Masimo Shares Up, Foot Locker Upgraded
Shares of Masimo (NASDAQ:MASI) are moving sharply higher in pre-market trading after the medical technology company announced its board has authorized management to evaluate a proposed separation of its consumer business. Sportswear and footwear retailer Foot Locker (NYSE:FL) is also likely to see initial strength after Evercore ISI upgraded its rating on the company’s stock…
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New Home Sales Report, Two-Year Note Auction Results Due
The Commerce Department is scheduled to release its report on new home sales in the month of February at 10 am ET. Economists expect new home sales to surge to an annual rate of 680,000 in February after jumping to a rate of 661,000 in January. At 10:30 am ET, Federal Reserve Board Governor Lisa…
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Tech Sector Weakness May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to move to the downside after ending last Friday’s choppy session mixed. Weakness among technology stocks may weigh on the markets, as reflected by the 0.5 percent drop by the Nasdaq 100 futures. Shares of Intel (NASDAQ:INTC) and…