Author: iHub News
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Futures Give Back Ground Following Jobs Report But Remain Positive
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the significant rebound seen during the previous session. The markets may benefit from a positive reaction to earnings news from Facebook parent Meta Platforms (META) and online retail giant Amazon (AMZN). Shares of Meta are spiking…
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U.S. Stocks Show Strong Move Back To The Upside After Yesterday’s Sell-Off
Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Thursday. The major averages fluctuated early in the session but climbed firmly into positive territory as the day progressed. The major averages finished the session near their best levels of the day. The Dow jumped…
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U.S. Unemployment Benefit Claims Up, U.S. Labour Productivity Surges
First-time claims for U.S. unemployment benefits unexpectedly saw a modest increase in the week ended January 27th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims rose to 224,000, an increase of 9,000 from the previous week’s revised level of 215,000. Economists had expected jobless claims…
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Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the sell-off seen in the previous session. Some traders may see the steep drop seen on Wednesday as a buying opportunity amid optimism the markets will resume the upward trend seen throughout much of…
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U.S. Stocks Move Sharply Lower As Fed Casts Doubt On March Rate Cut
Stocks moved sharply lower over the course of the trading day on Wednesday, with the major averages all moving to the downside following the mixed performance seen in the previous session. The tech-heavy Nasdaq posted a particularly steep loss, extending the notable pullback seen on Tuesday. The major averages finished the session near their worst…
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Private Sector Job Growth Slowed, Oil Inventories Report Due
Private sector job growth in the U.S. slowed by more than expected in the month of January, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment rose by 107,000 jobs in January after climbing by a downwardly revised 158,000 jobs in December. Economists had expected private sector employment…
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Disappointing Tech Earnings News 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 following the mixed performance seen in the previous session. Technology stocks may extend the notable pullback seen on Tuesday, as reflected by the 1.0 percent slump by the Nasdaq 100 futures. A steep…
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Dow Reaches New Record High But Nasdaq Gives Back Ground
After ending Monday’s session firmly in positive territory, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday. While the tech-heavy Nasdaq showed a notable pullback, the Dow climbed to a new record closing high. The Dow ended the day up 133.86 points or 0.4 percent at 38,467.31, while the Nasdaq…
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Home Prices, Consumer Confidence and Job Openings Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of November at 9 am ET. At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of January. The consumer confidence index is expected to rise to…
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U.S. Stocks May Give Back Ground In Early Trading
The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to give back ground following the strong upward move seen over the course of the previous session. Traders may look to cash in on the rally seen late in Monday’s trading, which lifted the Dow and the…