Author: iHub News
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U.S. Stocks Recover From Early Sell-Off To Close Sharply Higher
Stocks moved sharply lower early in the session on Wednesday but showed a substantial turnaround over the course of the trading day. The tech-heavy Nasdaq led the recovery, with all of the major averages ending the day in positive territory. After tumbling by as much as 1.4 percent in early trading, the Nasdaq surged 369.65…
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Consumer Prices Annual Rate Slowed More Than Expected
While the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased in line with estimates in the month of August, the annual rate of consumer price growth slowed by slightly more than expected. The Labor Department said its consumer price index rose by 0.2 percent in August, matching the uptick…
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Mixed Inflation Data May Lead To Initial Pullback on Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. The futures remained in negative territory following the release of the Labor Department’s closely watched report on consumer price inflation in the month of August.…
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Nasdaq, S&P 500 Add To Yesterday’s Gains But Dow Gives Back Ground
Stocks fluctuated over the course of the trading session on Tuesday but managed to end the day mostly higher. The Nasdaq and the S&P 500 added to the strong gains posted during Monday’s session, although the narrower Dow bucked the uptrend. The Nasdaq and the S&P 500 saw further upside going into the close, reaching…
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Futures Pointing To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the strong gains posted in the previous session. Traders may continue to pick up stocks at somewhat reduced levels, as the major averages remain well off their recent highs even after yesterday’s rally. Optimism about…
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U.S. Stocks Show Strong Move Back To The Upside
Following the sell-off seen in the previous week, stocks showed a strong move back to the upside during trading on Monday. The major averages all moved sharply higher over the course of the session. The major averages pulled back off their highs of the session in afternoon trading but remained firmly positive. The Dow surged…
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Bargain Hunting May Contribute To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last Friday. Traders may look to pick up stocks at somewhat reduced levels following the steep drop seen last week, which dragged the Nasdaq down to its lowest levels in nearly…
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Disappointing Jobs Data Leads To Sell-Off On Wall Street
With traders reacting negatively the monthly jobs report, stocks moved sharply lower during trading on Friday. The major averages all showed significant moves to the downside on the day, with the tech-heavy Nasdaq tumbling to its lowest closing level in almost a month. The major averages finished the day near their lows of the session.…
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U.S. Stocks Turn In Mixed Performance Ahead Of Monthly Jobs Data
After ending yesterday’s lackluster session narrowly mixed, the major U.S. stock indexes turned in another mixed performance during trading on Thursday. While the S&P 500 closed lower for the third straight session, the tech-heavy Nasdaq ended the day in positive territory. The Nasdaq bounced back and forth across the unchanged line before eventually closing up…
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Private Sector Employment Up Less Than Expected
A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 99,000 jobs in August after climbing by a downwardly revised 111,000 jobs in July. Economists had expected private sector employment to…