Author: iHub News
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U.S. Stocks Close Mixed On The Day But Sharply Higher For The Week
After trending higher over the past several sessions, stocks turned in a relatively lackluster performance during trading on Friday. The major averages fluctuated over the course of the session before eventually ending the day mixed. While the Nasdaq (NASDAQI:COMP) inched up 26.98 points or 0.2 percent to a new record closing high of 16,428.82, the…
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U.S. Stocks Pull Back Well Off Best Levels But Closely Mostly Higher
Stocks showed a strong move to the upside in early trading on Thursday but gave back ground over the course of the session. While the major averages pulled back well off their best levels of the day, they still ended the session at new record closing highs. The Dow (DOWI:DJI) finished the day firmly in…
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First-Time U.S. Unemployment Claims Unexpectedly Down
A report released by the Labor Department on Thursday unexpectedly showed a slight drop by first-time claims for U.S. unemployment benefits in the week ended March 16th. The Labor Department said initial jobless claims edged down to 210,000, a decrease of 2,000 from the previous week’s revised level of 212,000. The dip surprised economists, who…
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Positive Reaction To Fed Announcement May Lead To Extended Rally
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the rally seen late in the previous session. The markets may continue to benefit from a positive reaction to yesterday’s monetary policy announcement by the Federal Reserve. While the Fed left interest rates unchanged, as widely…
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U.S. Stocks Rally To Record Highs Following Fed Announcement
Stocks showed a lack of direction throughout much of the trading session on Wednesday before rallying following the Federal Reserve’s monetary policy announcement. The major averages all showed strong moves to the upside, reaching new record closing highs. The major averages reached new highs for the session in the final hour of trading, ending the…
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Oil Inventories Report, Fed Monetary Policy Decision Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended March 15th at 10:30 am ET. Crude oil inventories are expected to come in nearly unchanged after falling by 1.5 million barrels in the previous week. The Federal Reserve is due to announce its monetary policy decision at…
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Looming Fed Announcement May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the rebound seen over the course of the previous session. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s highly anticipated monetary policy announcement this afternoon.…
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U.S. Stocks Show Notable Turnaround Amid Rebound By Nvidia
After coming under pressure early in the session, stocks showed a significant turnaround over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day and into positive territory. The major averages reached new highs for the session going into the close of trading. The Dow…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground following the strong upward move seen in the previous session. A pullback by Nvidia (NASDAQ:NVDA) may generate some selling pressure, as the chipmaker is slumping by 2.7 percent in pre-market trading. Nvidia held its…
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U.S. Stocks Give Back Ground After Early Rally But Close Mostly Higher
After showing a strong move to the upside early in the session, stocks gave back some ground over the course of the trading day on Monday but managed to close mostly higher. With the upward move, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) regained ground after closing lower for three straight sessions. While the…