Author: iHub News
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U.S. Stocks Close Slightly Higher; Dow, S&P Post New Highs
U.S. stocks closed higher on Monday and the Dow and S&P 500 posted record highs, although the gains were just marginal, as investors largely made cautious moves ahead of some crucial economic data and Fed speeches. Reports on durable goods orders, new home sales and consumer confidence are likely to attract attention along with a…
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Futures Pointing To Modestly Higher Open On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to move to the upside after ending last Friday’s trading narrowly mixed. Stocks may benefit from optimism about the outlook for the economy following the Federal Reserve’s interest rate cut last week. The Fed is expected to…
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Nasdaq, S&P 500 Give Back Ground But Dow Inches Up To New Record Closing High
Stocks moved mostly lower early in the session on Friday but regained ground over the course of the trading day. The major averages climbed well off their worst levels of the day before eventually closing narrowly mixed. While the Dow (DOWI:DJI) inched up 38.17 points or 0.1 percent to a new record closing high of…
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U.S. Stocks May Lack Direction Following Yesterday’s Rally
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 following the rally seen in the previous session. Traders may take a breather following the surge during Thursday’s trading, which lifted the Dow and the S&P 500 to new record closing…
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Optimism About Soft Landing Contributes To Rally On Wall Street
After ending Wednesday’s session moderately lower following late-day volatility, stocks moved sharply higher during trading on Thursday. The major averages all showed strong moves to the upside, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels late in the trading session but remained…
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U.S. First-Time Unemployment Benefit Claims Fall Unexpectedly
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous week’s revised level of 231,000. Economists had expected jobless…
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Futures Pointing To Sharply Higher Open On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Thursday, with stocks likely to see an early rally after ending yesterday’s session moderately lower following late-day volatility. The considerable upward momentum on Wall Street comes as traders continue to digest the Federal Reserve’s decision on Wednesday to slash interest rates…
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U.S. Stocks Close Moderately Lower After Fed Slashes Interest Rates
Stocks saw considerable volatility late in the trading session on Wednesday following the Federal Reserve’s announcement of its decision to lower interest rates. The major averages showed wild swings back and forth across the unchanged line before eventually closing in negative territory. The Dow and the S&P 500 reached new record intraday highs immediately following…
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U.S. Residential Construction Rebounds
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August. The Commerce Department said housing starts spiked by 9.6 percent to an annual rate of 1.356 million in August after plunging by 3.9 percent to a revised rate of 1.237…
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U.S. Stocks May Move To The Upside Ahead Of Widely Expected Rate Cut
The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to move to the upside after ending the previous session little changed. Traders may be reluctant to make significant moves early in the session ahead of the Federal Reserve’s monetary policy decision this afternoon. The Fed is…