Author: iHub News
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U.S Trade Deficit Widened, Oil Inventories Report Due
With imports increasing by more than exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of December. The Commerce Department said the trade deficit increased to $62.2 billion in December from a revised $61.9 billion in November. Economists had expected the trade deficit to narrow to…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to add to the modest gains posted during yesterday’s choppy trading session. The markets may benefit from recent upward momentum, which helped lift the Dow and S&P 500 to record highs last week despite waning optimism about the…
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U.S. Stocks Finish Choppy Trading Day Modestly Higher
Following the significant volatility seen over the past few sessions, stocks showed a lack of direction throughout the trading day on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing modestly higher. The Dow climbed 141.24 points or 0.4 percent to 38,521.36, the S&P 500 rose…
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Treasury Dept Due To Announce Three-Year Notes Auction Results
Cleveland Federal Reserve President Loretta Mester is scheduled to speak before the Ohio Bankers League Economic Summit at 12 pm ET. At 1 pm ET, the Treasury Department is due to announce the results of this month’s auction of $54 billion worth of three-year notes. Minneapolis Federal Bank President Neel Kashkari is also scheduled to…
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U.S. Stocks May Lack Direction Following Recent Volatility
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 after recovering from early weakness but still closing mostly lower on Monday. Traders may be reluctant to make significant moves amid uncertainty about the near-term outlook for the markets following recent…
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U.S. Stocks Recover From Early Pullback But Still Close Mostly Lower
Following the rally seen over the two previous sessions, stocks showed a significant pullback during morning trading on Monday. The major averages staged a recovery attempt over the course of the afternoon but still finished the day in negative territory. The tech-heavy Nasdaq dipped 31.28 points or 0.2 percent to 15,597.68 after falling as much…
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Service Sector Activity Report Due
The Institute for Supply Management is scheduled to release its report on service sector activity in the month of January at 10 am ET. The ISM’s services PMI is expected to rise to 52.0 in January from 50.6 in December, with a reading above 50 indicating growth in the sector. At 2 pm ET, Atlanta…
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Fading Rate Cut Optimism May Lead To 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 following the rally seen to close out the previous week. Traders may look to cash in on the rally seen over the two previous sessions amid fading optimism about the likelihood the Federal…
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U.S. Stocks Extend Thursday’s Rally On Upbeat Meta, Amazon Results
Stocks moved sharply higher over the course of the trading day on Friday, extending the recovery rally seen during trading Thursday’s session. The major averages more than offset the steep drop seen on Wednesday, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels…
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U.S Employment Surges, Unemployment Rate Unchanged
The Labor Department released a closely watched report on Friday showing employment in the U.S. surged by much more than expected in the month of January. The report said non-farm payroll employment spiked by 353,000 jobs in January compared to economist estimates for an increase of about 180,000 jobs. Job growth in November and December…