Author: iHub News
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U.S. Stocks See Modest Weakness Following Inflation Data
After turning in a strong performance in the previous session, stocks saw modest weakness during trading on Thursday. The major averages all gave back ground, with the Dow and the S&P 500 pulling back off yesterday’s record closing highs. The major averages moved to the upside going into the close of trading but remained in…
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U.S. Consumer Prices Up More Than Expected
Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increase seen in August. Economists had expected consumer prices to inch up…
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Inflation Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground following the strong upward move seen in the previous session. The futures slid following the release of a highly anticipated Labor Department report showing consumer prices in the U.S. increased by slightly more than…
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U.S. Stocks Close On Firm Note; Dow, S&P Post New Record Highs
U.S. stocks started off on a somewhat flat note on Wednesday, but gained in strength as the day progressed, as investors assessed the minutes of the Federal Reserve’s most recent policy meeting, and looked ahead to the nation’s consumer price and producer price inflation data for more clarity on interest-rate trajectory. The major averages all…
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U.S. Stocks May Lack Direction Ahead Of Fed Minutes
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 strong upward move seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of the minutes of the Federal Reserve’s latest monetary…
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U.S. Stocks Close On Firm Note; Nasdaq Rises 1.5 Percent
U.S. stocks moved higher on Tuesday, with technology stocks turning in a strong performance. Pushing geopolitical concerns and interest-rate uncertainty aside, investors picked up stocks, choosing to focus on the earnings season. The major averages all ended on a firm note. The Dow started off on a sluggish note and remained that way till midway…
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U.S. Trade Deficit Narrows
With exports surging and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of August. The Commerce Department said the trade deficit shrank to $70.4 billion in August from a revised $78.9 billion in July. Economists had expected the trade deficit to decrease to $70.6…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move back to the upside following the weakness seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following the steep drop seen during trading on Monday. Overall trading activity is…
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Stocks Fall On Geopolitical Tensions; Major Averages Close Notably Lower
U.S. stocks fell on Monday amid easing prospects of aggressive rate cuts by the Federal Reserve following a much higher than expected addition in U.S. non-payroll employment in the month of September. Investors also awaited earnings announcements from major banks, and some crucial economic data, including readings on consumer price and producer price inflation. The…
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Futures Pointing 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 the strong upward move seen last Friday. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong gains posted in the previous session.…