Author: iHub News
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Disappointing Jobs Data May Lead To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to move to the downside after ending the previous session narrowly mixed. The futures edged lower following the release of a report from payroll processor ADP showing private sector employment in the U.S. increased by much less…
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U.S. Stocks Finish Choppy Trading Session Narrowly Mixed
Following the sell-off seen during Tuesday’s session, stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually finished the day narrowly mixed. While the Dow inched up 38.04 points or 0.1 percent…
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U.S. Trade Deficit Increased To Largest In Two Years
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to…
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Nvidia, Economic Worries May Continue To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. A continued decrease by shares of Nvidia (NASDAQ:NVDA) may weigh on Wall Street, as the AI darling is slumping by 1.6 percent in…
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Renewed Economic Concerns Contribute To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Tuesday, with the major averages more than offsetting the strong gains posted last Friday. With the steep drop, the Dow pulled back well off the record closing high set in the previous session. The major averages climbed off their worst levels going into…
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U.S. Steel Shows Weakness, Boeing Under Pressure, Unity Software Should Show Initial Strength
Shares of U.S. Steel (NYSE:X) are seeing significant pre-market weakness after Vice President Kamala Harris express opposition to the sale of the steel producer to Japan’s Nippon Steel. Aerospace giant Boeing (NYSE:BA) may also come under pressure after Wells Fargo downgraded its rating on the company’s stock to Underweight from Equal Weight. On the other…
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Manufacturing Sector Activity Report Due
The Institute for Supply Management is scheduled to release its report on activity in the manufacturing sector in the month of August at 10 am ET. The ISM’s manufacturing index is expected to tick up to 47.5 in August after falling to 46.8 in July, but a reading below 50 would still indicate contraction. Also…
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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 Tuesday, with stocks likely to give back ground after ending last Friday’s trading sharply higher. Traders may look to cash in on the previous session’s gains amid lingering uncertainty about the outlook for interest rates. The Federal Reserve is almost universally expected…
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U.S. Stocks Fluctuate Before Closing Sharply Higher
Stocks fluctuated over the course of the trading session on Friday before eventually ending day sharply higher. The Dow closed higher for the fifth time in the past six sessions, reaching a new record closing high. The major averages reached new highs for the session going into the close of trading. The Nasdaq surged 197.19…
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U.S. Consumer Prices Increased As Expected
A highly anticipated report released by the Commerce Department on Friday showed U.S. consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching…