Author: iHub News
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U.S. Stocks Show Strong Move Back To The Upside On Inflation Data
After moving mostly lower over the two previous sessions, stocks showed a strong move back to the upside during trading on Tuesday. The major averages fluctuated over the course of the session but finished the day firmly in positive territory. The tech-heavy Nasdaq (NASDAQI:COMP) helped lead the way higher on the day, surging 246.36 points…
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Consumer Prices Increase in February; Core Consumer Price Growth Slowed
Consumer prices in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index climbed by 0.4 percent in February after rising by 0.3 percent in January. The advance matched expectations. Excluding food and…
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Positive Reaction To CPI Data May Lead To Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground following the pullback seen over the two previous sessions. The futures advanced following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of February. The Labor Department said…
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Dow Posts Modest Gain But Nasdaq, S&P 500 See Further Downside
After coming under pressure over the course of the previous session, stocks saw further downside in early trading on Monday. The major averages regained ground over the course of the trading day, however, with the Dow closing modestly higher. While the Dow (DOWI:DJI) inched up 46.97 points or 0.1 percent to 38,769.66 after falling nearly…
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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 Monday, with stocks likely to see further downside following the notable downturn seen over the course of last Friday’s session. Uncertainty about the outlook for interest rates may weigh on the markets ahead of the release of key inflation data in the…
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U.S. Stocks Close Firmly In The Red As Early Buying Interest Evaporates
Stocks moved mostly higher in early trading on Friday but showed a notable downturn over the course of the session. The major averages pulled back well off their early highs, with the tech-heavy Nasdaq (NASDAQI:COMP) showing a particularly steep drop. The major averages staged a failed recovery attempt in the latter part of the session,…
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Futures Turn Positive Following Monthly Jobs Report
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the strong upward move seen over the two previous sessions. The futures turned positive following the release of the Labor Department’s closely watched report on employment in the month of February. While job growth in February…
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Nasdaq, S&P 500 Hit New Record Highs Amid Extended Rebound
Extending the rebound seen during Wednesday’s session, stocks moved sharply higher during trading on Thursday. The major averages further offset the notable pullback seen to start the week, with the Nasdaq and the S&P 500 bouncing back to record intraday highs. The tech-heavy Nasdaq (NASDAQI:COMP) surged 241.83 points or 1.5 percent to 16,273.38, ending the…
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Interest Rate Optimism May Lead To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the rebound seen in the previous session. Optimism about the outlook for interest rates may continue to inspire traders to get back into the markets following the notable pullback seen to start the week. Federal Reserve…
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U.S. Stocks Move Back To The Upside Following Powell Testimony
Following a notable pullback to start the week, stocks moved mostly higher during trading on Wednesday. The major averages all moved to the upside on the day but remain well off their recent record highs. The major averages finished the day off their highs of the session but still in positive territory. The Nasdaq (NASDAQI:COMP)…