Author: iHub News
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Retail Sales Unexpectedly Increased
Retail sales in the U.S. unexpectedly increased in the month of November, according to a report released by the Commerce Department on Thursday. The Commerce Department said retail sales rose by 0.3 percent in November after slipping by a downwardly revised 0.2 percent. Economists had expected retail sales to edge down by 0.1 percent, matching…
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Fed Pivot Likely To Contribute To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks poised to extend the rally seen late in the previous session. The markets may continue to benefit from a positive reaction to the Federal Reserve’s monetary policy announcement, which lifted the Dow to a record closing high on Wednesday.…
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US Futures, European Stocks Rise After Fed Leaves Rates Unchanged
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 1.6% in morning trading. Samhaellsbyggnadsbolaget rose 14.5% and Sinch added 13.2%. On the other hand, DocMorris sunk…
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Top Company News of the Day: Country Garden, GM Cruise, Adobe, Regis
Country Garden to Make Disposal to Aid Debt Restructuring Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt. Easing Food Prices Are Great News for Shoppers, but Bad News for Staples Stocks the food at home consumer price…
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Dow Surges To Record High Following Dovish Fed Announcement
Stocks turned in a lackluster performance throughout much of the trading session on Wednesday before skyrocketing in reaction to the Federal Reserve’s monetary policy announcement. With the late-day rally, the Dow soared to a record closing high, while the Nasdaq and the S&P 500 reached their best closing levels in almost two years. The Dow…
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Producer Prices Flat
The Labor Department released a report on Wednesday showing producer prices in the U.S. unexpectedly came in flat during the month of November. The report said the producer price index for final demand was unchanged in November after falling by a revised 0.4 percent in October. Economists had expected producer prices to inch up by…
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U.S. Stocks May See Further Upside Ahead Of Fed Announcement
The major U.S. index futures are currently pointing to a slightly higher open on Wednesday, with stocks likely to see initial strength ahead of the Federal Reserve’s monetary policy announcement this afternoon. Stocks may continue to benefit from optimism about the outlook for interest rates, which has helped lift the major averages to their best…
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US Futures, European Stocks Rise Ahead of Fed Policy Decision
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Colruyt Group rose 5.2% and Arkema climbed 5%. On the other hand, NEL…
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Top Company News of the Day: BAE Systems, Inditex, Fujitsu, AustralianSuper
BAE Systems to Keep Managing U.S. Ammunition Plant BAE Systems won a new 10-year contract worth $8.8 billion to manage the U.S. Army’s main ammunition plant in Tennessee as efforts continue to surge production of artillery shells, missiles and other weapons. Inditex Ups Gross Margin View Inditex said it now expects a gross margin for…
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U.S. Stocks Move Mostly Higher, Extending Upward Trend
After moving mostly higher over the past few sessions, stocks saw some further upside during trading on Tuesday. The major averages recovered from an early pullback and climbed firmly into positive territory as the day progressed. The major averages once again finished the session at their best closing levels in well over a year. The…