Author: iHub News
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U.S. Stocks Climb Off Early Lows But Remain Firmly Negative
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Thursday. The major averages climbed well off their early lows but remained firmly in negative territory. The S&P 500 (SPI:SP500) fell as much as 1.0 percent in early trading but ended the day more moderately…
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First-Time U.S. Unemployment Benefit Claims Up Slightly
A report released by the Labor Department showed a modest increase by first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims rose to 219,000, an increase of 5,000 from the previous week’s revised level of 214,000. Economists had expected jobless claims to inch up to…
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Slump By Walmart May Weigh On Wall Street In Early Trading
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside after moving modestly higher over the two previous sessions. A slump by shares of Walmart (NYSE:WMT) is likely to weigh on Wall Street, as the retail giant is tumbling by 6.6 percent in…
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S&P 500 Reaches New Record Closing High After Early Pullback
Stocks moved modestly lower early in the session on Wednesday but regained ground over the course of the trading day. The major averages climbed well off their early lows and into positive territory, with the S&P 500 once again reaching a new record closing high. The major averages ended the day modestly higher. The S&P…
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New Residential Construction Pulled Back More Than Expected In January
After reporting a substantial increase by new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts pulled back by more than expected in the month of January. The Commerce Department said housing starts plunged by 9.8 percent to an annual rate of 1.366 million…
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Profit Taking, Tariff Concerns May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to move back to the downside after ending yesterday’s choppy trading session slightly higher. Profit taking may contribute to an initial pullback on Wall Street after yesterday’s slim gains lifted the S&P 500 to a new record…
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S&P 500 Finishes Choppy Trading Day At Record Closing High
Stocks showed a lack of direction throughout much of the trading session on Tuesday, extending the lackluster performance seen during last Friday’s session. The major averages moved to the upside going into end the day, however, with the S&P 500 reaching a new record closing high. The major averages all posted modest gains on the…
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Regional Manufacturing Activity Turns Around In February
A report released by the Federal Reserve Bank of New York on Tuesday showed a turnaround by regional manufacturing activity in the month of February. The New York Fed said its general business conditions index jumped to a positive 5.7 in February from a negative 12.6 in January, with a positive reading indicating growth. Economists…
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U.S. Stocks May Add To Last Week’s Strong Gains In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside as trading resumes following the Presidents’ Day holiday on Monday. The markets may continue to benefit from the upward momentum seen last week, which lifted the Nasdaq and the S&P 500 back within…
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U.S. Stocks Turn In Mixed Performance But Post Strong Weekly Gains
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually ending the day mixed. While the tech-heavy Nasdaq climbed 81.13 points or 0.4 percent to 20,026.77, the S&P 500 (SPI:SP500) edged down 0.44 points…