Author: iHub News
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Upbeat Amazon, Intel Earnings May Spark Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from big-name companies like Amazon (NASDAQ:AMZN) and Intel (NASDAQ:INTC). Shares of Amazon are surging by…
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Negative Reaction To Microsoft, Meta Results Leads To Sell-Off On Wall Street
After moving sharply lower early in the session, stocks continued to see considerable weakness throughout the trading day on Thursday. The Nasdaq saw a particularly steep drop on the day amid a sell-off by technology stocks. The major averages saw further downside going into the close, ending the session near their worst levels of the…
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Personal Consumption Expenditures (PCE) Rose Slightly in September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve’s preferred readings on consumer price inflation. The report said the personal consumption expenditures (PCE) price index rose by 0.2 percent in September after inching up by 0.1 percent in August. The…
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Negative Reaction To Microsoft, Meta Results May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside after coming under pressure late in the previous session. A negative reaction to earnings news from tech giants Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) is likely to weigh on Wall Street early in the…
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U.S. Stocks Finish Choppy Trading Day Mostly Lower On Late-Day Weakness
Stocks showed a lack of direction throughout much of the session on Wednesday but came under pressure in the latter part of the trading day. The major averages spent most of the day bouncing back and forth across the unchanged before sliding more firmly into negative territory. After reaching a new record intraday high in…
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Private Sector Employment Up More Than Expected; U.S. Economic Growth Unexpectedly Slowed
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to…
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Mixed Earnings, Economic News May Lead To Choppy Trading
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session. A mixed batch of corporate earnings and U.S. economic news may lead to choppy trading on Wall Street early in the session.…
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Nasdaq Reaches New Record Closing High But Dow Moves Lower
The major U.S. stock indexes all moved higher during trading on Monday but returned to the mixed performance seen to close out the previous week on Tuesday. While the tech-heavy Nasdaq showed a notable advance to reach a new record closing high, the Dow closed lower for the sixth time in the past seven sessions.…
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Futures Pointing To Modestly Lower Open On Wall Street
The major U.S. index futures are currently pointing to modestly lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher. Uncertainty ahead of the release of key U.S. economic data in the coming days may lead some traders to cash in on yesterday’s gains. The monthly jobs…
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U.S. Stocks Pull Back Off Early Highs But Close Mostly Positive
After showing a strong move to the upside early in the session, stocks gave back ground over the course of the trading day on Monday but managed to end the day mostly higher. The major averages all finished the day in positive territory after turning in mixed performances over the two previous sessions. The Dow…