Author: iHub News
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US Economic Calendar Highlights Existing Home Sales and Consumer Sentiment Data
The National Association of Realtor is scheduled to release its report on existing home sales in the month of November at 10 am ET. Existing home sales are expected to increase to an annual rate of 4.15 million in November from a rate of 4.10 million in October. Also at 10 am ET, the University…
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Tamer-Than-Expected Inflation Data Contributes To Rebound On Wall Street
After coming under considerable selling pressure over the course of the previous session, stocks showed a strong move back to the upside during trading on Thursday. The tech-heavy Nasdaq led the rebound by the major averages. The Nasdaq jumped 313.04 points or 1.4 percent to 23,006.36 and the S&P 500 (SPI:SP500) advanced 53.33 points or…
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U.S. Stocks Move Sharply Lower Amid Renewed Tech Weakness
After ending yesterday’s choppy session narrowly mixed, stocks moved to the upside in early trading on Wednesday but quickly came under pressure. The major averages pulled back well off their highs of the session and firmly into negative territory. The major averages saw further downside going into the end of the day, closing just off…
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U.S. Stocks Close Mixed Following Another Choppy Session
Following the lackluster performance seen in the previous session, stocks continued to experience choppy trading on Tuesday. The major averages fluctuated over the course of the trading day before eventually closing on opposite sides of the unchanged line. While the tech-heavy Nasdaq rose 54.05 points or 0.2 percent to 23,111.46, the S&P 500 slipped 16.25…
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U.S. Stocks Close Modestly Lower After Initial Move To The Upside
Stocks moved to the upside at the start of trading on Monday but quickly gave back ground early in the session. The major averages pulled back well off their early highs and spent much of the rest of the day lingering near the unchanged line. The major averages eventually ended the day modestly lower. While…
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Tech Sell-Off Leads To Significant Weakness On Wall Street
Following the mixed performance seen during Thursday’s session, stocks showed a significant move to the downside during trading on Friday. The major averages all moved lower, with the tech-heavy Nasdaq showing a particularly steep drop. The major averages ended the day off their worst levels of the session but still in negative territory. The Nasdaq…
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Dow Jones, S&P 500 and Nasdaq Futures diverge as tech weakens and cyclical stocks gain momentum
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a mixed open on Friday, with the major averages likely to once again move in opposite directions. While the Nasdaq 100 futures are down by 0.5 percent, the Dow futures are up by 0.2 percent. A slump by shares of Broadcom (NASDAQ:AVGO) may weigh…
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Goolsbee speaks at Economic Outlook Symposium
Chicago Federal Reserve President Austan Goolsbee is scheduled to participate in a moderated conversation before the 39th Annual Economic Outlook Symposium at 10:35 am ET.
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Dow Jumps To New Record Closing High But Nasdaq Closes Modestly Lower
The major U.S. stock indexes moved in starkly opposite directions in early trading on Thursday, with the Dow moving sharply higher and the Nasdaq showing a significant pullback. While the Nasdaq climbed well off its worst levels of the day, the tech-heavy index still closed down 60 points or 0.3 percent at 23,594. Meanwhile, the…
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Markets in Motion: Fed rate decision, silver surge, VIX holds low
In this week’s Markets in Motion, Bruce Campbell highlights the biggest catalyst on the horizon: the upcoming Federal Reserve announcement. Markets are overwhelmingly pricing in a quarter-point fed rate cut, with roughly 85 per cent of expectations leaning in that direction. With sentiment already tilting toward easing, investors will be watching closely for confirmation. Bruce…