Author: iHub News
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Positive Reaction To Inflation Data May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday after the Commerce Department released readings on U.S. consumer price inflation that are said to be preferred by the Federal Reserve. The report showed consumer prices increased in line with economist estimates in the month of July, while the annual rate…
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Dow Reaches New Record Closing High But Nasdaq Edges Lower As Nvidia Slumps
Stocks turned in a strong performance throughout much of the trading day on Thursday but gave back ground in the latter part of the session. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 slipping into negative territory. The tech-heavy Nasdaq dipped 39.69 points or…
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U.S. Unemployment First Time Claims Slightly Down; Economy Grew By More Than Estimated
First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 231,000, a decrease of 2,000 from the previous week’s revised level of 233,000. Economists had expected jobless claims to come in…
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Interest Rate Optimism May Overshadow Negative Reaction To Nvidia Results
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending the previous session mostly lower. Stocks may rebound following the tech-led weakness on Wednesday amid ongoing optimism about the outlook for interest rates. The Dow is likely to benefit from…
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U.S. Stocks Move Mostly Lower Ahead Of Nvidia Earnings
Stocks moved mostly lower during trading on Wednesday, with weakness in the tech sector weighing on the broader markets. With the downward move on the day, the Dow pulled back off the record closing high set on Tuesday. The major averages climbed well off their worst levels in the latter part of the session but…
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Choppy Trading Likely To Persist On Wall Street Ahead Of Nvidia Earnings
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may continue to stick to the sidelines ahead of the release of fiscal second quarter results from market leader Nvidia (NASDAQ:NVDA) after the close of today’s…
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Dow Finishes Choppy Trading Day At New Record Closing High
Stocks showed a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line. Despite the choppy trading, the Dow crept up to a new record closing high. The major averages all finished the day modestly higher. The Dow inched up 9.98…
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Futures Pointing To Modestly Lower Open On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. The Dow futures are down by 0.2 percent, as the blue chip index is likely to give back ground after reaching record highs…
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Dow Sets New Record Closing High But Nasdaq, S&P 500 Give Back Ground
The major U.S. stock indexes turned in a mixed performance during trading on Monday, with the Dow reaching a new record closing high, while the tech-heavy Nasdaq saw a notable pullback after posting a strong gain last week. The Dow pulled back well off its best levels of the session and briefly dipped into negative…
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Powell Speech Signaling Rate Cuts Contributes To Rally On Wall Street
Following the pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The major averages all moved sharply higher, with the Dow and the S&P 500 reaching their best closing levels since reaching record highs in mid-July. The major averages gave back ground…