Author: iHub News
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Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks poised add to the substantial gains posted over the two previous sessions. Stocks may continue to benefit from optimism about what a second Donald Trump presidency will mean for the markets and the U.S. economy. Overall trading activity…
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Trump Victory Sparks Record-Setting Rally On Wall Street
Stocks skyrocketed during trading on Wednesday, as traders celebrated Donald Trump’s victory in the presidential election. The major averages added to the strong gains posted during Tuesday’s session, reaching new record closing highs. The major averages saw further upside in late-day trading, reaching new highs for the session. The Dow (DOWI:DJI) soared 1,508.05 points or…
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Trump Victory To Trigger Initial Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Wednesday, with stocks likely to extend the rally seen in the previous session. The substantial upward momentum on Wall Street comes as former President Donald Trump has been declared the winner in the presidential election versus Vice President Kamala Harris. Claiming…
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U.S. Stocks Rally As Economic Optimism Overshadows Election Uncertainty
Stocks showed a lack of direction over the course of Monday’s session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq…
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U.S. Trade Deficit Increases Substantially
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August. Economists had expected…
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Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to modestly higher open on Tuesday, with stocks likely to move back to the upside after ending yesterday’s lackluster session moderately lower. Stocks may regain ground following the lower close on Monday, although trading activity is likely to remain subdued as Election Day gets underway. Polls show…
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U.S. Stocks Finish Choppy Trading Day Moderately Lower
After turning in a strong performance during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages bounced back and forth across the unchanged line before eventually closing in negative territory. The Dow underperformed its counterparts, sliding 257.59 points or 0.6 percent to 41,794.60.…
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Election Uncertainty May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction in early trading. Traders may be reluctant to make significant moves ahead of the U.S. elections on Tuesday, as Vice President Kamala Harris faces off against former President Donald Trump. With…
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Upbeat Earnings News Contributes To Rebound On Wall Street
Following the sell-off seen during Thursday’s session, stocks showed a strong move back to the upside in early trading on Friday. The major averages gave back some ground over the course of the trading day but remained firmly in positive territory. The tech-heavy Nasdaq led the way higher, advancing 144.77 points or 0.8 percent to…
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U.S. Employment Edges Up
With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October. The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October after jumping by…