Author: iHub News
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Steep Drop By Oil Prices May Lead To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to initial strength on Wall Street on Monday, with stocks likely to move mostly higher after turning in a mixed performance last week. Early buying interest may be generated amid a steep drop by the price of oil, as crude oil for December delivery is plummeting $4.36…
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Major Averages Turn In Another Mixed Performance
After ending Thursday’s session on opposite sides of the unchanged line, the major U.S. stock indexes turned in another mixed performance during trading on Friday. While the tech-heavy Nasdaq added to yesterday’s strong gain, the Dow extended its losing streak to five sessions. The Nasdaq reached a new record intraday high in early trading but…
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New Orders for U.S. Manufactured Durable Goods Fell More Than Expected
Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods slid by 0.8 percent in September, matching a revised decrease in August. Economists had…
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U.S. Stocks May Move To The Upside In Early Trading
The major U.S. index futures are currently pointing to initial strength on Wall Street on Friday, with stocks likely to move mostly higher following the mixed performance seen in the previous session. Ongoing optimism about the outlook for the economy may contribute to strength on Wall Street despite recent concerns about the Federal Reserve lowering…
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Nasdaq, S&P 500 Regain Ground But Dow Extends Losing Streak
Following the steep drop seen during Wednesday’s session, the major U.S. stock indexes turned in a mixed performance during trading on Thursday. The Nasdaq and the S&P 500 regained ground, but the narrower Dow saw further downside to close lower for the fourth straight day. The major averages finished the day on opposite sides of…
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Initial Jobless Claims Fell Unexpedtedly
After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week’s revised…
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Bargain Hunting, Tesla Earnings May Trigger Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following recent weakness on Wall Street, which has seen the Dow and the S&P 500…
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U.S. Stocks Move Sharply Lower Amid Rising Treasury Yields
Stocks came under pressure early in the session on Wednesday and saw further downside over the course of the trading day. The major averages all moved notably lower, with the Dow and the S&P 500 extending their losing streaks to three days. The major averages climbed off their worst levels late in the session but…
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Futures Pointing To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move back to the downside after recovering from early weakness to end the previous session roughly flat. The downward momentum on Wall Street comes amid a continued increase by treasury yields, which have moved sharply higher over…
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U.S. Stocks Recover From Early Weakness To Close Little Changed
After coming under pressure early in the session, stocks regained ground over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day before ending the day little changed. The major averages moved to the downside going into the close, finishing narrowly mixed. While the Nasdaq…