Author: iHub News
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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…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher. U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster…
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U.S. Stocks Close Higher; Nasdaq Outperforms
U.S. stocks closed higher on Monday, with technology shares turning in a fine performance. The major averages all started off on a somewhat weak note in lackluster trade, but turned positive with stocks gaining in strength gradually as the session progressed. The Dow ended higher by 50.66 points or 0.13 percent, at 39,169.52. The S&P…
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Manufacturing Activity and Construction Spending Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of June at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.1 in June from 48.7 in May, although a reading below 50 would still indicate contraction. Also at 10 am ET, the…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. Optimism about the outlook for interest rates may lead to renewed buying interest on Wall Street following last Friday’s closely watched…
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U.S. Stocks Showing Significant Downturn After Seeing Early Strength
Stocks moved mostly higher in early trading on Friday but showed a significant downturn over the course of the session. The major averages pulled back well off their early highs and into negative territory. After reaching record intraday highs, the Nasdaq (NASDAQI:COMP) slid 126.08 points or 0.7 percent to 17,732.60 and the S&P 500 (SPI:SP500)…
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Consumer Price Inflation In Line With Estimates
The Commerce Department released closely watched consumer price inflation data on Friday, with the readings for the month of May coming in line with economist estimates. The report said the personal consumption expenditures (PCE) price index came in unchanged in May after rising by 0.3 percent in April. The unchanged reading matched expectations. The core…
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Inflation Data In Line With Estimates May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a higher open on Friday, as investors react to the release of closely watched inflation data. Early buying interest may be generated in reaction to a Commerce Department report showing readings on consumer price inflation in the month of May came in line with economist estimates.…
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Looming Inflation Data Leads To Choppy Trading On Wall Street
With traders looking ahead to the release of closely watched inflation data, stocks turned in a lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session modestly higher. The Dow (DOWI:DJI) crept up 36.25 points or 0.1 percent…
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First-Time Unemployment Benefit Claims Down More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week’s revised level of 239,000. Economists had expected jobless claims to…