Author: iHub News
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Stocks Fail To Hold Early Gains; Dow Settles Higher, S&P And Nasdaq Close Weak
U.S. stocks saw some heavy selling in the final hour of the session on Thursday as the mood turned a bit cautious amid concerns about mega-cap firms’ earnings. Among the major averages, the Dow managed to settle higher, gaining 81.20 points or 0.20 percent at 39,935.07, a long way down from the day’s high of…
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U.S. Stocks May See Further Downside In Early Trading
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to see further downside following the sell-off seen in the previous session. After ending Tuesday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq showed…
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U.S. Stocks Move Sharply Lower On Disappointing Earnings News
After ending yesterday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq showed a particularly steep drop on the day, tumbling to its lowest closing level in over a month. The major averages saw further downside late in the session, closing near their…
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New Home Sales, Oil Inventories Reports Due
The Commerce Department is scheduled to release its report on new home sales in the month of June at 10 am ET. New home sales are expected to climb to an annual rate of 640,000 in June after plunging to a rate of 619,000 in May. At 10:30 am ET, the Energy Information Administration is…
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Disappointing Earnings News Likely To Weigh On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to come under pressure after ending yesterday’s lackluster session modestly lower. Early selling pressure is likely to be seen on Wall Street amid a negative reaction to the latest corporate earnings news. Shares of Tesla (NASDAQ:TSLA)…
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Major Averages Finish Choppy Trading Session Modestly Lower
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 following the strong upward move seen in the previous session. The major averages eventually ended the day modestly lower. The Dow slipped 57.35 points or 0.1 percent to…
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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 back to the downside following the substantial rebound seen in the previous session. Traders may look to cash in on yesterday’s tech-led rally amid lingering uncertainty about the outlook for the markets. Later in the…
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Nvidia Helps Lead Tech Rebound On Wall Street
Stocks moved sharply higher over the course of the trading session on Monday, with technology stocks seeing a significant rebound following last week’s sell-off. The tech-heavy Nasdaq posted a standout gain, although all three major averages moved to the upside on the day. The major averages moved roughly sideways going into the close, hovering near…
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Biden’s Withdrawal From Presidential Race Seemingly Welcomed By Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move to the upside following the mixed performance seen last week. The upward momentum on Wall Street comes after President Joe Biden announced his decision to drop out of the presidential race and endorsed his Vice President…
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U.S. Stocks See Further Downside Following Major IT Outage
Stocks moved mostly lower during trading on Friday, with the Nasdaq and the S&P 500 extending the steep drop seen over the two previous sessions. The narrower Dow also moved to the downside, pulling back further off the record closing high set on Wednesday. The major averages all finished the day firmly in negative territory.…