Author: iHub News
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Private Sector Employment Up By Less Tan Expected; Job Openings Report Due
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of February. ADP said private sector employment rose by 140,000 jobs in February after climbing by an upwardly revised 111,000 jobs in January. Economists had expected private sector employment to…
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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 Wednesday, with stocks likely to move back to the upside after moving notably lower over the two previous sessions. The futures remained positive as the Federal Reserve released Fed Chair Jerome Powell’s prepared remarks before the House Financial Services Committee. Powell will…
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U.S. Stocks Move Sharply Lower Ahead Of Powell Testimony
Following the modest pullback seen during the previous session, stocks showed a more substantial move to the downside during trading on Tuesday. The major averages all moved notably lower, with the tech-heavy Nasdaq (NASDAQI:COMP) showing a particularly steep drop. The major averages climbed off their worst levels going into the close but remained firmly negative.…
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Service Sector Activity and Manufactured Goods Orders Reports Due
The Institute for Supply Management is scheduled to release its report on service sector activity in the month of February at 10 am ET. The ISM’s services PMI is expected to edge down to 53.0 in February after climbing to 53.4 in January, although a reading above 50 would still indicate growth. Also at 10…
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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 Tuesday, with stocks likely to see further downside following the modest pullback seen on Monday. Traders may continue to cash in on recent strength in the markets, which lifted the S&P 500 and the Nasdaq to record closing highs last Friday. Uncertainty…
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U.S. Stocks Close Weak After Cautious Session
After a weak start and a subsequent long spell in negative territory, U.S. stocks briefly managed to turn positive in the final hour, but failed to find support and ended marginally down on Monday. The mood was cautious right through the day’s session due to a lack of major U.S. economic data. Traders largely stayed…
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to give back ground after turning in a strong performance last week. Traders may look to cash in on recent strength in the markets, which lifted the Nasdaq and S&P 500 to new record closing highs last…
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Nasdaq Surges To Record High Amid Tech Sector Rally
Stocks showed a strong move to the upside during trading on Friday, adding to the gains posted in Thursday’s session. With the extended upward move, the Nasdaq (NASDAQI:COMP) and S&P 500 (SPI:SP500) once again reached new record closing highs. The tech-heavy Nasdaq jumped 183.02 points or 1.1 percent to 16,274.94 and the S&P 500 climbed…
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Manufacturing Activity, Construction Spending Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of February at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.5 in February from 49.1 in January, but a reading below 50 would still indicate contraction. Also at 10 am ET, the…
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Lingering Rate Uncertainty May Lead To Choppy Trading On Wall Street
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 higher. Traders may take a step back to assess the near-term outlook for the markets after yesterday’s gains lifted the Nasdaq and S&P 500 to…