Author: iHub News
-
U.S. Stocks Close Little Changed After Seeing Early Strength
After moving mostly higher early in the session, stocks gave back ground over the course of the trading day on Tuesday. The Dow and the S&P 500 reached new record intraday highs in early trading but subsequently pulled back near the unchanged line. The major averages ended the day narrowly mixed. While the Dow edged…
-
U.S. Retail Sales Up Unexpectedly
Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales inched up by 0.1 percent in August after surging by an upwardly revised 1.1 percent in July. The uptick surprised economists, who had expected retail…
-
Interest Rate Optimism May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Stocks are likely to benefit from optimism about the outlook for interest rates ahead of the Federal Reserve’s monetary policy announcement on Wednesday. While…
-
U.S. Stocks Close Mixed Ahead Of Fed Policy Meeting; Dow Hits New Record High
U.S. stocks ended on a mixed note on Monday as investors looked ahead to the Federal Reserve’s monetary policy announcement later this week, and stayed largely cautious and selective with regard to their moves. Among the major averages, the Dow (DOWI:DJI) hit a new record high and ended up 228.30 points or 0.55 percent at…
-
U.S. Extend Upward Trend Amid Optimism About Lower Interest Rates
Stocks moved mostly higher during trading on Friday, extending the upward trend seen over the past several sessions. The Nasdaq and the S&P 500 closed higher for the fifth straight day, largely offsetting the steep losses posted last week. The major averages all finished the day firmly in positive territory. The Dow advanced 297.01 points…
-
U.S. Import Prices Down Slightly
A report released by the Labor Department on Friday showed import prices in the U.S. decreased by slightly more than expected in the month of August. The Labor Department said import prices fell by 0.3 percent in August after inching up by 0.1 percent n July. Economists had expected import prices to dip by 0.2…
-
Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the upward trend seen over the past several sessions. Optimism about the outlook for interest rates may contribute to continued strength on Wall Street ahead of the Federal Reserve’s monetary policy meeting next week. The Fed…
-
Nasdaq, S&P 500 Close Higher For Fourth Consecutive Session
After turning in a lackluster performance early in the session, stocks moved notably higher over the course of the trading day on Thursday. The Nasdaq and the S&P 500 added to strong gains posted in Wednesday’s session, closing higher for the fourth straight day. The major averages all finished the day firmly in positive territory.…
-
Producer Prices Up More Than Expected; First-Time Unemployment Benefit Claims Show Modest Rise
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had…
-
U.S. Stocks May Lack Direction Following Yesterday’s Turnaround
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the substantial turnaround seen over the course of the previous session. The futures had been pointing to a higher open for the markets but gave back ground following the release…