Author: iHub News
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Higher Treasury Yields May Lead To Extended Pullback On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Tuesday, with stocks likely to see further downside after ending the previous session mostly lower. Renewed concerns about the outlook for interest rates may weigh on Wall Street following a recent surge by U.S. treasury yields. The yield on the benchmark ten-year note…
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Dow Gives Back Ground But Nasdaq Closes In Positive Territory
Following recent strength on Wall Street, the major U.S. stock indexes turned in a mixed performance during trading on Monday. While the Dow showed a notable pullback, the tech-heavy Nasdaq managed to end the day in positive territory. The Dow slid 344.31 points or 0.8 percent to 42,931.60 and the S&P 500 (SPI:SP500) dipped 10.69…
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground following recent strength. Traders may look to cash in on the recent strength in the markets, which has seen the major averages close higher for six consecutive weeks. The advance has lifted the Dow…
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Nasdaq Advances On Netflix Earnings, Dow Inches Up To Record High
After ending the previous session little changed, stocks moved mostly higher during trading on Friday. The tech-heavy Nasdaq led the charge, while the Dow ended the day modestly higher at a new record closing high. The Nasdaq (NASDAQI:COMP) climbed 115.94 points or 0.6 percent to 18,489.55 and the S&P 500 rose 23.20 points or 0.4…
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Housing Starts, Building Permits Show Modest Pullback
After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Friday showing a modest pullback by housing starts in the month of September. The Commerce Department said housing starts fell by 0.5 percent to an annual rate of 1.354 million in September…
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Futures Pointing To Mixed Open On Wall Street
The major U.S. index futures are currently pointing to a mixed open on Friday, with the Nasdaq 100 and S&P 500 futures up by 0.5 percent and 0.2 percent, respectively, but the Dow futures down by 0.2 percent. The tech-heavy Nasdaq is likely to benefit from an advance by shares of Netflix (NASDAQ:NFLX), as the…
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U.S. Stocks Close Little Changed After Seeing Modest Strength For Most Of The Day
Stocks saw modest strength for much of the session on Thursday before giving back ground late in the trading day to close roughly flat. The Dow still managed to reach a new record closing high. The Dow ended the day up 161.35 points or 0.4 percent at 43,239.05, while the Nasdaq crept up 6.53 points…
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First-Time Unemployment Benefit Claims Pulled Back Unexpectedly
First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week’s revised level of 260,000. Economists had expected jobless claims to inch…
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TSMC Earnings, Upbeat Economic Data May Lead To Early Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen over the course of the previous session. Tech stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The upward…
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U.S. Stocks Move Mostly Higher After Early Volatility
Stocks showed a lack of direction early in the session on Wednesday but moved mostly higher over the course of the trading day. With the upward move, the Dow more than offset the loss posted during Tuesday’s session, reaching a new record closing high. The major averages bounced back and forth across the unchanged line…