Author: iHub News
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U.S. Stocks May Extend Rebound As Inflation Data Looms
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the rebound seen over the past several sessions. Easing concerns about the outlook for economy may lead to continued buying on Wall Street following the steep drop seen earlier this month. Overall trading activity may be…
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U.S. Stocks Move Mostly Higher, Largely Offset Monday’s Sell-Off
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday but managed to end the day mostly higher. The major averages finished the session off their highs of the day but still in positive territory. The Dow edged up 51.05 points or 0.1 percent to 39,497.54, the…
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Lingering Economic Concerns May Lead To 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 after moving sharply higher in the previous session. Traders may look to cash in on yesterday’s rally, which saw the S&P 500 post its biggest percentage gain since November 2022. Lingering concerns about the…
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Pullback By Jobless Claims Contributes To Rally On Wall Street
Stocks moved sharply higher during trading on Thursday, with the major averages more than offsetting the downturn seen over the course of the previous session. The major averages surged early in the session and saw further upside as the day progressed. The major averages moved roughly sideways going into the close, hovering near their best…
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First-Time Unemployment Benefit Claims Fell More Than Expected
First-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 233,000, a decrease of 17,000 from the previous week’s revised level of to 250,000. Economists had expected jobless…
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Jobless Claims Data May Lead To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. The advance by the futures came after the Labor Department released a report showing first-time claims for U.S. unemployment benefits pulled…
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U.S. Stocks Move Back To The Downside After Initially Extending Yesterday’s Rebound
After extending yesterday’s rebound early in the session, stocks gave back ground over the course of the trading day on Wednesday. The major averages pulled back well off their early highs and into negative territory. The major averages ended the day just off their lows of the session. The Nasdaq slumped 171.05 points or 1.1…
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended August 2nd at 10:30 am ET. Crude oil inventories are expected to edged down by 0.4 million barrels after falling by 3.4 million barrels in the previous week. The Treasury Department is due to announce the results of…
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Futures Pointing To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to sharply higher open on Wall Street on Wednesday, with stocks likely to extend the rebound seen in the previous session. While stocks saw a notable advance during Tuesday’s session, traders may still see stocks as oversold following the recent weakness in the markets. Concerns the U.S.…
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U.S. Stocks Snap 3-day Losing Streak, End On Firm Note
U.S. stocks closed higher on Tuesday, recovering well after three successive days of losses, as investors shrugged off fears of a recession and geopolitical concerns, and chose to indulge in some buying at reduced levels. Investors also reacted positively to the latest batch of corporate earnings news. The major averages all closed on a firm…