Author: iHub News
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U.S. Import Prices Fell During September
Reflecting a sharp drop by prices for fuel imports, the Labor Department released a report on Wednesday showing a continued decrease by prices for U.S. imports in the month of September. The Labor Department said import prices fell by 0.4 percent in September after slipping by a revised 0.2 percent in August. The decline matched…
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U.S. Stocks May Lack Direction Following Yesterday’s Downturn
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 notable pullback seen over the course of the previous session. Uncertainty about the near-term outlook for the markets may keep some traders on the sidelines on the heels of…
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U.S. Stocks Move Notably Lower Following Recent Strength
After moving to the upside early in the session, stocks came under considerable selling pressure over the course of the trading day on Tuesday. The major averages all moved notably lower following the strong gains posted during Monday’s session. The major averages fell to new lows late in the trading day before regaining some ground…
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Regional Manufacturing Activity Contracted
Following a significant turnaround in the previous month, the Federal Reserve Bank of New York released a report on Tuesday showing regional manufacturing activity has returned to contraction in the month of October. The New York Fed said its general business conditions index tumbled to a negative 11.9 in October from a positive 11.5 in…
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Traders May Take A Breather Following Recent Strength 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 ending the previous session notably higher. Traders may take a step back to digest recent strength in the markets, which has lifted the Dow and the S&P 500 to new…
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Interest Rate Optimism Contributes To Strength On Wall Street
Following the strong upward move seen during last Friday’s session, stocks saw further upside during trading on Monday. The major averages all moved higher on the day, with the Dow and the S&P 500 reaching new record closing highs. The major averages reached new highs for the session late in the day before giving back…
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Interest Rate Optimism May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to add to the strong gains posted in the previous session. Stocks may continue to benefit from optimism about the outlook for interest following last Friday’s report on producer price inflation. While hopes the Federal Reserve will…
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Positive Reaction To Inflation Data, Bank Earnings Leads To Strength On Wall Street
Following the modest pullback seen in the previous session, stocks showed a strong move back to the upside during trading on Friday. The major averages more than offset yesterday’s losses, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…
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U.S. Producer Prices Unexpectedly Unchanged
With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September. The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in…
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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 Friday, with stocks likely to show a lack of direction after ending the previous session modestly lower. The futures remained little changed after the Labor Department released a report showing producer prices in the U.S. were unexpectedly unchanged in September. The…