Author: iHub News
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Nasdaq, S&P 500 Reach Record Closing Highs On Positive Reaction To Inflation Data
Stocks fluctuated over the course of the trading session on Thursday but largely maintained a positive bias before ending the day mostly higher. The major averages all moved to the upside, with the Nasdaq (NASDAQI:COMP) and S&P 500 (SPI:SP500) reaching new record closing highs. The Nasdaq and S&P 500 reached new highs for the session…
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Consumer Prices Up As Expected, U.S. First-Time Unemployment Benefits Claims Also Rise
A highly anticipated report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of January. The Commerce Department said consumer prices rose by 0.3 percent in January after inching up by a revised 0.1 percent in December. Economists had expected consumer prices…
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Futures Turn Positive Following Highly Anticipated Inflation Data
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending the previous session modestly lower. The futures turned positive following the release of a highly anticipated Commerce Department showing consumer prices in the U.S. increased in line with economist estimates…
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U.S. Stocks Climb Off Worst Levels But Close Mostly Lower
Stocks regained ground after an early move to the downside on Wednesday but still ended the day mostly lower. The major averages all finished the day in negative territory following the mixed performance on Tuesday, with the Dow (DOWI:DJI) closing lower for the third consecutive session. After falling by more than 200 points in early…
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Looming Inflation Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside after ending yesterday’s choppy trading session mixed. Traders may look to cash in on some of the recent strength in the markets ahead of the release of closely watched readings on consumer price…
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Nasdaq, S&P 500 Edge Higher But Dow Extends Pullback
Following the modest pullback seen in the previous session, stocks showed a lack of direction over the course of the trading day on Tuesday. The major averages bounced back and forth across the unchanged line before eventually ending the day mixed. While the Nasdaq (NASDAQI:COMP) climbed 59.05 points or 0.4 percent to 16,035.30 and the…
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U.S. Manufactured Durable Goods Orders Down, Metropolitan Home Prices Report Due
New orders for U.S. manufactured durable goods saw a substantial decrease in the month of January, according to a report released by the Commerce Department on Tuesday. The Commerce Department said durable goods orders plunged by 6.1 percent in January after falling by a revised 0.3 percent in December. Economists had expected durable goods orders…
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U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the modest pullback seen in the previous session. Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street following last week’s advance by the…
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U.S. Stocks Close Weak As Investors Await Key Economic Data
U.S. stocks ended on a negative note on Monday, and the major averages turned weak after a slightly positive start, as investors largely stayed cautious ahead of some key economic data, including a report on consumption expenditure. Among the major averages, the Dow (DOWI:DJI) ended lower by 62.30 points or 0.16 percent at 39,069.23. The…
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New Home Sales, Treasury Auction of Two-Year Notes Reports Due Today
The Commerce Department is scheduled to release its report on new home sales in the month of January at 10 am ET. New home sales are expected to jump to an annual rate of 680,000 in January after surging to a rate of 664,000 in December. At 11:30 am ET, the Treasury Department is due…