Author: iHub News
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Tame Inflation Data May Lead To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to regain ground following the pullback seen in the previous session. The futures edged higher after the Labor Department released closely watched consumer price inflation data that came in line with economist estimates. The Labor Department said…
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U.S. Stocks Pull Back Off Record Highs Ahead Of Inflation Data
Following the strong upward move seen in reaction to last week’s last elections, stocks gave back ground during trading on Tuesday. The major averages fluctuated over the course of the trading session before eventually closing in negative territory. The Dow underperformed its counterparts, slumping 382.15 points or 0.9 percent to 43,910.98. The S&P 500 (SPI:SP500)…
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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 Tuesday, with stocks likely to show a lack of direction after moving notably higher over the past several sessions. Traders may take a breather to assess the recent rally on Wall Street, which has lifted the major averages to new record…
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Dow, S&P 500 Post New Closing Highs; Nasdaq Settles Flat
U.S. stocks closed on a firm note on Monday, lifting the Dow and the S&P 500 to new record highs, even as the Nasdaq settled flat with technology stocks turning in a subdued performance. Investors remained optimistic that Donald Trump’s policies such as tax reductions and deregulation will help boost corporate earnings. The volume of…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the strong upward move seen over the past several sessions. Stocks may continue to benefit from the upward momentum generated in reaction to former President Donald Trump’s decisive victory in the U.S. presidential election. Overall trading…
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U.S. Stocks See Further Upside, Reaching New Record Highs
Extending the substantial rally seen over the past few sessions, stocks moved mostly higher over the course of the trading day on Friday. With the continued upward move, the major averages all reached new record closing highs. The major averages pulled back off their best levels going into the close but remained in positive territory.…
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Oil Futures Tumble, Gold Futures Slipping
Crude oil futures are tumbling $1.22 to $71.14 a barrel after climbing $0.67 to $72.36 a barrel on Thursday. Meanwhile, after surging $29.50 to $2,705.80 an ounce in the previous session, gold futures are slipping $4.90 to $2,700.90 an ounce. On the currency front, the U.S. dollar is trading at 152.69 yen versus the 152.94…
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U.S. Stocks May Lack Direction Following Recent Strength
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after moving sharply higher over the past few sessions. Traders may take a breather following the recent surge on Wall Street, which has lifted the major averages to new record highs.…
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Nasdaq, S&P 500 Reach New Record Closing Highs, Dow Ends Nearly Unchanged
After moving sharply higher over the two previous sessions, stocks showed another strong move to the upside during trading on Thursday. With the continued advance, the Nasdaq and the S&P 500 reached new record closing highs. The tech-heavy Nasdaq led the charge, surging by 285.99 points or 1.5 percent to 19,269.46, while the S&P 500…
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U.S. Labor Productivity Up Slightly Less Than Expected, Labor Costs Surge
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a…