Author: iHub News
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Tech Stocks May Lead Initial Upward Move On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to see initial strength after ending yesterday’s choppy trading session little changed. Technology stocks may lead an early upward move after Taiwan Semiconductor (NYSE:TSM) reported its second quarter sales surged much more than expected. Shares of Taiwan Semiconductor,…
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U.S. Stocks Close Little Changed Following Powell Testimony
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 before eventually ending the day narrowly mixed. Despite the choppy trading, the Nasdaq and the S&P 500 once again reached new record closing highs. While the Dow (DOWI:DJI)…
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Futures Pointing To Modestly Higher Open On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Stocks may benefit from optimism about the outlook for interest rates ahead of several key economic events this week. However, early trading is likely…
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U.S. Stocks Close On Mixed Note; Nasdaq, S&P Hit Record Closing Highs
U.S. stocks ended mixed on Monday, turning a bit sluggish after a fairly good start. Among the major averages, the Nasdaq and the S&P 500 moved on to record highs, while the Dow ended in negative territory. Optimism about the outlook for interest rates aided stocks earlier in the session. However, the mood turned a…
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Looming Inflation Data, Powell Testimony May Lead To Choppy Trading 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 after turning in a strong performance last week. Traders may be reluctant to make significant moves ahead of several key economic events this week that could have a significant impact on…
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U.S. Stocks Advance As Treasury Yields Drop Following Jobs Data
Stocks moved mostly higher over the course of the trading day on Friday, with the major averages all moving to the upside after turning in a mixed performance early in the session. The Nasdaq and the S&P 500 closed higher for the fourth straight session, once again reaching new record closing highs. The major averages…
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U.S. Stocks Move Mostly Higher In Abbreviated Trading Session
After moving mostly higher to start the week, stocks saw further upside over the course of the trading session on Wednesday. With the continued upward move, the Nasdaq and the S&P 500 once again reached new record closing highs in an abbreviated trading session. The Nasdaq (NASDAQI:COMP) advanced 159.54 points or 0.9 percent to 18,188.30…
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Private Sector Employment, U.S. Trade Deficit Up Less Than Expected
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by slightly less than expected in the month of June. ADP said private sector employment climbed by 150,000 jobs in June after rising by an upwardly revised 157,000 jobs in May. Economists had expected private sector employment to increase…
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Profit Taking May Contribute To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Traders may look to cash in on yesterday’s gains, which lifted the Nasdaq and the S&P 500 to new record closing highs. The S&P 500 closed…
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Major Averages Close On Firm Note As Stocks Rally After Early Struggle
After struggling for direction till a little past noon on Tuesday, stocks began climbing higher, and continued to gain in strength to eventually end the day’s session a firm note. Concerns about the outlook for interest rates rendered the mood cautious early on in the session, with investors digesting Federal Reserve Chair Jerome Powell’s speech…