Author: iHub News
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Middle East Concerns Contribute To Weakness On Wall Street
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Tuesday but remained firmly negative. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq leading the way lower. The Nasdaq (NASDAQI:COMP) tumbled 278.81 points or 1.5 percent to 17,910.36,…
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Ford, Google Strong; HP Weak
Shares of Ford (NYSE:F) are seeing notable pre-market strength after Goldman Sachs upgraded its rating on the automaker’s stock to Buy from Neutral. Google parent Alphabet (NASDAQ:GOOGL) may also move to the upside after Pivotal initiated coverage of the company’s stock with a Buy rating. On the other hand, shares of HP Inc. (NYSE:HPQ) may…
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Manufacturing Activity, Construction Spending Reports Due
At 10 am ET, the Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of September. The ISM’s manufacturing PMI is expected to inch up to 47.5 in September from 47.2 in August, but a reading below 50 would still indicate contraction. The Labor Department is also due…
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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 Tuesday, with stocks likely to show a lack of direction after ending Monday’s choppy trading session mostly higher. Uncertainty about the near-term outlook for the markets may keep some traders on the sidelines following a strong September, which is historically a…
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U.S. Stocks Finish Choppy Trading Day Mostly Higher
Stocks showed a lack of direction over the course of the trading session on Monday before eventually ending the day mostly higher. The major averages all finished the day in positive territory following the mixed performance seen last Friday. The Dow (DOWI:DJI) inched up 17.15 points or less than a tenth of a percent to…
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Nio, CVS Health Should Rise; Stellantis Weak
U.S.-listed shares of Nio (NYSE:NIO) are moving sharply higher in pre-market trading after the Chinese electric vehicle maker announced a 13.3 billion yuan investment in Nio China from strategic investors. Healthcare company CVS Health (NYSE:CVS) may also see initial strength after a report from the Wall Street Journal said hedge fund Glenview Capital Management will…
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Middle East Tensions, Profit Taking May Weigh On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to move to the downside following the mixed performance seen last Friday. Concerns about rising Middle East tensions may weigh on Wall Street after Israel launched deadly airstrikes on targets in the heart of Lebanon’s capital Beirut…
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Dow Reaches Record Closing High But Nasdaq, S&P 500 Give Back Ground
Stocks turned in a mixed performance during trading on Friday, with the major averages ending the day on opposite sides of the unchanged line. The Dow rose to a new record closing high, but the Nasdaq and the S&P 500 gave back ground. While the Dow pulled back well off its highs of the session,…
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Crude Oil Futures Inching Up, Gold Futures Edging Down
Crude oil futures are inching up $0.03 to $67.70 a barrel after plunging $2.02 to $67.67 a barrel on Thursday. Meanwhile, after climbing $10.20 to $2,694.90 an ounce in the previous session, gold futures are edging down $2.90 to $2,692 an ounce. On the currency front, the U.S. dollar is trading at 142.87 yen versus…
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U.S. Consumer Prices Rise As Expected
Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The…