Author: iHub News
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U.S. Stocks Close Mostly Higher On Late-Day Strength
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Monday. With the upward move, the Dow and the S&P 500 set new record closing highs, while the Nasdaq reached its best closing level in two years. The major averages rallied to new…
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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 extend the lackluster performance seen in the previous session. Traders may be reluctant to make significant ahead of several key events this week, including the Federal Reserve’s monetary policy announcement on Wednesday. While the Fed is…
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U.S. Close Mixed As Traders Weigh Intel Guidance Against Inflation Data
After trending higher over the past several sessions, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the S&P 500 edged down 3.19 points or 0.1 percent to 4,890.97 and the Nasdaq fell 55.13 points or…
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U.S. Stocks Close Mostly Higher Amid Positive Reaction To Economic Data
Stocks gave back ground after an early advance but rebounded going into the close to end Thursday’s trading mostly higher. The Dow and the S&P 500 once again reached new record closing highs, while the Nasdaq edged up its best closing level in well over two years. The Dow ended the session just off its…
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended January 19th at 10:30 am ET. Crude oil inventories are expected to decrease by 3.0 million barrels after falling by 2.5 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…
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Futures Move To The Upside Following Mixed U.S. Economic Data
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. Technology stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The…
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Oil Trading Higher
Oil prices traded higher after data showed a significant drop in U.S. crude stockpiles last week and China cut reserve requirements for banks in order to spur growth, bolstering sentiment around the country’s economic recovery. Middle East tensions have continued to support prices, but analysts don’t expect to see strong gains unless supply gets materially…
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US Futures Mixed, European Stocks Fall Ahead of ECB Rate Decision
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Nokia climbed 6.5% and Netcompany Group rose 6.1%. On the other hand, IG Group…
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Top Company News of the Day: Nokia, Publicis, Boeing, Hewlett Packard
Nokia Starts to See Green Shoots Despite Ongoing Challenges Nokia expects the challenging network industry environment to continue through the first half of 2024 as operator spending remains muted, but said the situation should improve later in the year. Publicis Sales Growth Picks Up Publicis said organic revenue growth accelerated to 5.7% in the fourth…
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U.S. Stocks Pull Back Well Off Highs As Treasury Yields Rebound
Stocks showed a strong move to the upside in early trading on Wednesday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session in afternoon trading, with the Dow sliding into negative territory. The major averages eventually ended the session mixed. While the…