Author: iHub News
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New Residential Construction, Building Permits Down
New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329…
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Profit Taking May Lead To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground following the substantial rally seen in the previous session. Traders may look to cash in on some of the recent strength in the markets, which saw the Nasdaq and the S&P 500 close higher…
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Upbeat Retail Sales Data Contributes To Rally On Wall Street
After trending higher over the past several sessions, stocks showed another significant move to the upside during trading on Thursday. The major averages all posted strong gains, with the Nasdaq and the S&P 500 extending their winning streaks to six days. The major averages pulled back off their best levels going into the close but…
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Retail Sales Up More Than Expected, First-Time U.S. Unemployment Claims Unexpectedly Down
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The report said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3…
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Strong Retail Sales Data May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward trend seen over the past several sessions. Easing concerns about the economic outlook may generate continued buying interest on Wall Street after the Commerce Department released a report showing much stronger than expected retail…
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U.S. Stocks Finish Choppy Trading Day Mostly Higher
Stocks turned in a relatively lackluster performance during trading on Wednesday but managed to end the day mostly higher. With the upward move, the Nasdaq and the S&P 500 both closed higher for the fifth consecutive session. The major averages bounced back and forth across the unchanged line before closing in positive territory. The Dow…
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Consumer Prices In Line With Estimates, Growth Slowed Slightly
A highly anticipated report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of July. The Labor Department said its consumer price index rose by 0.2 percent in July after edging down by 0.1 percent in June. The modest increase by consumer prices…
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U.S. Stocks May Lack Direction Following Yesterday’s Rally
The major U.S. index futures are currently pointing to a roughly flat open on Wall Street on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session. The futures remained little changed even after the Labor Department released its highly anticipated report on consumer price inflation in…
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Inflation Data Sparks Rally On Wall Street Amid Rate Cut Optimism
Following the lackluster performance seen in the previous session, stocks moved sharply higher over the course of the trading day on Tuesday. The major averages all showed strong moves to the upside after ending Monday’s trading narrowly mixed. The major averages saw continued strength going into the close, ending the day near their highs of…
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U.S. Stocks Fluctuate Before Closing Little Changed
Stocks fluctuated over the course of the trading session on Monday before eventually ending the day little changed. The major averages bounced back and forth across the unchanged line and finished the session narrowly mixed. While the Dow dipped 140.53 points or 0.4 percent to 39,357.01, the S&P 500 (SPI:SP500) inched up 0.23 points or…