Author: iHub News
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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…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong performance seen last week. Traders may be reluctant to make significant moves as they digest last week’s gains, which lifted the Dow and S&P 500 to new record…
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Dow, S&P 500 Finish Lackluster Session At New Record Highs
Stocks extended Thursday’s substantial rally in early trading on Friday but turned in a relatively lackluster performance over the remainder of the trading session. Despite the choppy trading, the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reached new record closing highs. The major averages bounced back and forth across the unchanged line before closing narrowly…
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U.S. Stocks Rally To Record Highs On Upbeat Nvidia Earnings
Stocks showed a substantial move to the upside during trading on Thursday, with the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reaching new record closing highs. The tech-heavy Nasdaq (NASDAQI:COMP) had also been poised to set a record closing high but ended the day just shy of its November 2021 levels. The major averages held…
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Upbeat Nvidia Earnings May Lead To Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Thursday, with stocks likely to extend the upward move seen late in the previous session. The markets are likely to benefit from a positive reaction to earnings news from Nvidia (NASDAQ:NVDA), as the chipmaker is spiking by 12.3 percent in pre-market…
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U.S. Stocks Close Mixed Following Late-Day Recovery
Stocks spent most of Wednesday’s session in the red but staged a notable recovery attempt going into the close of trading. The Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) bounced well off their worst levels and into positive territory, although the tech-heavy Nasdaq (NASDAQI:COMP) still closed lower for the third straight session. While the Nasdaq…
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Palo Alto Networks Stocks Plummet, Teledoc Also Weak
Shares of Palo Alto Networks (PANW) are plummeting in pre-market trading after the cybersecurity company reported better than expected fiscal second quarter results but lowered its forecast for full-year revenue growth. Online healthcare company Teledoc (TDOC) is also seeing substantial pre-market weakness after reporting fourth quarter revenue that missed analyst estimates and providing disappointing guidance.…
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Twenty-Year Bonds Auction Results Due
Federal Reserve Board Governor Michelle Bowman is due to participate in a discussion, “A View from the Federal Reserve,” before an Exchequer Club luncheon at 1 pm ET. Also at 1 pm ET, the Treasury Department is scheduled to announce the results of this month’s auction of $16 billion worth of twenty-year bonds. The Federal…
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Anxiety Ahead Of Fed Minutes, Nvidia Earnings May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to add to the losses posted in the two previous session. The downward momentum on Wall Street reflects lingering concerns about the outlook for interest rates ahead of the release of the minutes of the latest Federal Reserve…
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U.S. Stocks Move Mostly Lower Ahead Of Fed Minutes
Stocks moved mostly lower during trading on Tuesday, extending the pullback seen during last Friday’s session. The Nasdaq showed a notable move to the downside amid weakness among tech stocks. The major averages ended the day in negative territory but off their lows of the session. The Nasdaq (NASDAQI:COMP) slumped 144.87 points or 0.9 percent…