Author: iHub News
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Profit Taking Contributes To Significant Pullback On Wall Street
After failing to sustain an early move to the upside, stocks came under considerable selling pressure over the course of the trading session on Thursday. The major averages pulled back well off their early highs and firmly into negative territory. The Nasdaq and the S&P 500 (SPI:SP500) finished the day just off their lows of…
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Initial Jobless Claims Show Modest Rebound
After reporting decreases by first-time claims for U.S. unemployment benefits over the two previous weeks, the Labor Department released a report on Thursday showing a modest rebound by initial jobless claims in the week ended August 17th. The report said initial jobless claims rose to 232,000, an increase of 4,000 from the previous week’s revised…
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U.S. Stocks May Add To Yesterday’s Gains In Early Trading
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to add to yesterday’s gains in early trading. The markets may continue to benefit from optimism about the outlook for interest rates following the release of the minutes of the Federal Reserve’s latest monetary policy meeting on…
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U.S. Stocks Move Back To The Upside As Fed Minutes Add To Rate Cut Optimism
Following the modest pullback seen in the previous session, stocks moved back to the upside during trading on Wednesday. The major averages fluctuated over the course of the trading day but managed to close in positive territory. The Nasdaq and the S&P 500 closed higher for the ninth time in the past ten sessions. The…
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Rate Cut Optimism May Lead To Early Strength On Wall Street Ahead Of Fed Minutes
The major U.S. index futures are currently pointing to a slightly higher open on Wall Street on Wednesday, with stocks likely to move back to the upside after ending yesterday’s choppy trading session modestly lower. Optimism about the outlook for interest rates may lead stocks to resume their upward trend ahead of the release of…
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Nasdaq, S&P Close Modestly Lower, Snapping Eight-Day Winning Streak
After trending higher over the past several sessions, stock showed a lack of direction over the course of the trading day on Tuesday. The major averages bounced back and forth across the unchanged line before eventually ending the day modestly lower. The major averages finished the session well off their worst levels of the day…
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Traders May Stick To The Sidelines Ahead Of Fed Minutes, Jackson Hole Symposium
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to experience choppy trading after moving mostly higher over the course of the previous session. A lack of major U.S. economic data may keep traders on the sidelines ahead of key events later this week that could…
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U.S. Stocks Extend Upward Trend With Another Strong Day
Stocks moved mostly higher over the course of the trading session on Monday, adding to the strong gains posted last week. The major averages showed a lack of direction early in the session but climbed firmly into positive territory as the day progressed. The major averages surged going into the final hour of trading, with…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the rally seen in the previous week. Traders may be reluctant to make significant moves following recent volatility in the markets, which saw the markets fall sharply early this month…
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Nasdaq, S&P 500 Move Higher For Seventh Consecutive Session
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Friday. The major averages climbed more firmly into positive territory after bouncing back and forth across the unchanged line in early trading. The major averages pulled back off their best levels late in…