Author: iHub News
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Tech Stocks May Lead Early Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground after trending lower over the past few sessions. Technology stocks may help lead an early rebound on Wall Street, as reflected by the 1.2 percent jump by the Nasdaq 100 futures. Shares of Alphabet (NASDAQ:GOOGL)…
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Nasdaq, S&P 500 Close Lower For Third Straight Day As Fed Meeting Looms
With traders looking ahead to next week’s Federal Reserve meeting, stocks moved mostly lower over the course of the trading session on Friday. With the downward move, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) closed lower for the third straight day. The major averages finished the day off their worst levels but still firmly…
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Import Prices Rose In Line With Estimates, Export Prices Also Up
A report released by the Labor Department on Friday showed import prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said import prices rose by 0.3 percent in February after climbing by 0.8 percent in January. The uptick matched expectations. Meanwhile, the report said export prices…
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U.S. Stocks May Lack Direction Ahead Of Next Week’s Fed Meeting
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after ending the previous session mostly lower. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s monetary policy meeting next week. While the Fed is widely expected…
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U.S. Stocks Move Mostly Lower As Producer Price Inflation Exceeds Estimates
Stocks showed a lack of direction in early trading on Thursday but moved mostly lower over the course of the session. The major averages all moved to the downside on the day, although selling pressure remained somewhat subdued. The major averages climbed well off their worst levels going into the close but remained in negative…
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U.S. Retail Sales Rebounded, First-Time Employment Benefit Claims Down
Retail sales in the U.S. rebounded in the month of February, according to a report released by the Commerce Department on Thursday, although the increase fell short of economist estimates. The Commerce Department said retail sales climbed by 0.6 percent in February after slumping by a revised 1.1 percent in January. Economists had expected retail…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to see initial strength as traders digest a slew of key U.S. economic data. The futures remained positive even after the Labor Department released a report showing producer prices increased by much more than expected in the…
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Nasdaq, S&P 500 Give Back Ground But Dow Closes Higher
Following the significant rebound seen during Tuesday’s session, stocks turned in a relatively lackluster performance during trading on Wednesday. The major averages spent most of the day on opposite sides of the unchanged line before closing mixed. While the Dow (DOWI:DJI) inched up 37.83 points or 0.1 percent to 39,043.32, closing higher for the third…
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Oil Inventories, Bond Auction Reports Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended March 8th at 10:30 am ET. Crude oil inventories are expected to increase by 1.3 million barrels after rising by 1.4 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…
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Quiet Economic Day 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 substantial rebound seen in the previous session. A lack of major U.S. economic data may keep some traders on the sidelines ahead of the release of several key reports…