Author: iHub News
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Hotter-Than-Expected Inflation Data Likely To Weigh On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Tuesday, with stocks likely to come under pressure after ending the previous session narrowly mixed. The futures showed a significant move to the downside following the release of a highly anticipated Labor Department report showing consumer prices in the U.S. increased…
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Dow Reaches New Record Closing High But Nasdaq, S&P 500 Give Back Ground
Stocks showed a lack of direction over the course of the trading session, with the major averages bouncing back and forth across the unchanged before eventually closing narrowly mixed. The Nasdaq and the S&P 500 had been poised to set new record closing highs but pulled back into negative territory in afternoon trading. While the…
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Teva Pharmaceutical, Urban Outfitters Upgraded
Shares of Teva Pharmaceutical (NYSE:TEVA) are seeing significant pre-market strength after Piper Sandler upgraded its rating on the pharmaceutical company to Overweight from Neutral. Retailer Urban Outfitters (NASDAQ:URBN) may also move to the upside after UBS upgraded its rating on the company’s stock to Neutral from Sell. On the other hand, shares of Big Lot…
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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 after trending higher over the past several sessions. Traders may take a breather following the recent strength on Wall Street, which lifted the S&P 500 to a new record closing high…
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S&P 500 Closes Above 5,000 As Tech Stocks Rally
With technology stocks leading the charge, stocks moved mostly higher over the course of the trading session on Friday. The major averages extended a recent upward trend, with the S&P 500 closing above 5,000 for the first time ever. The tech-heavy Nasdaq posted a standout gain, surging 196.95 points or 1.3 percent to 15,990.66 and…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the modest gains seen at the close of yesterday’s lackluster session. The markets appear poised to extend their recent upward trend, which has lifted the Dow and the S&P 500 to new record highs. With…
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S&P 500 Peeks Above 5,000 But Closes Slightly Below Key Level
Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Thursday. Despite the choppy trading, the S&P 500 and the Dow reached new record closing highs. The major averages all finished the day modestly higher. The Dow inched up 48.97 points or…
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First Time U.S. Unemployment Benefit Claims Fell More Than Expected
Following last Friday’s much stronger than expected monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended February 3rd. The report said initial jobless claims slipped to 218,000, a decrease of 9,000 from the previous week’s upwardly revised…
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Traders May Cash In On Recent Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to give back ground following the strong upward move seen over the course of the previous session. Profit taking may contribute to an initial pullback on Wall Street, as some traders look to cash in on the…
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S&P 500 Climbs To New Record Closing High Just Shy Of 5,000
After ending Tuesday’s choppy trading session modestly higher, stocks showed a strong move to the upside during trading on Wednesday. The Dow and the S&P 500 set new record closing highs, with the latter reaching an intraday peak just shy of 5,000. The major averages pulled back off their best levels going into the close…