Author: iHub News
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Slump By Micron May Weigh On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Thursday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. A slump by shares of Micron Technology (NASDAQ:MU) may weigh on the markets, as the chipmaker is tumbling by 4.4 percent in pre-market trading.…
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U.S. Stocks Close Flat After Cautious Session; Nasdaq Outperforms
U.S. stocks closed slightly higher on Wednesday after a somewhat sluggish session as investors made cautious moves while awaiting the release of personal consumption expenditures price index report, due on Friday. Data on first quarter GDP, durable goods orders for the month of May, and jobless claims report are also due this week. The major…
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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 May at 10 am ET. Economists expect new home sales to rise to an annual rate of 640,000 in May after tumbling to a rate of 634,000 in April. At 10:30 am ET, the Energy Information Administration is…
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U.S. Stocks May Lack Direction In Early Trading
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction after ending the previous session mixed. U.S. stocks closed mixed on Tuesday after a cautious session, as investors looked ahead to the release of some crucial U.S. data, including a report…
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U.S. Stocks Close On Mixed Note Again; Technology Stocks Rebound
U.S. stocks closed mixed on Tuesday after a cautious session, as investors looked ahead to the release of some crucial U.S. data, including a report on consumer income and spending, for more clarity about the outlook for Federal Reserve’s interest rates. Among the major averages, the Dow (DOWI:DJI) settled with a loss of 299.05 points…
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Metropolitan Home Prices, Consumer Confidence Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of April at 9 am ET. At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of June. The consumer confidence index is expected to dip to…
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Futures Pointing To Another Mixed Performance On Wall Street
The major U.S. index futures are currently pointing to a mixed open on Tuesday, as the Dow futures are down by 0.2 percent but the Nasdaq futures are up by 0.4 percent. U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income…
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U.S. Stocks End Mixed After Cautious Session
U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income & spending due later in the week. Among the major averages, the Dow closed higher, extending gains to a fifth straight session. The index ended up by 260.88 points or 0.67 percent…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to extend the lackluster performance seen during last Friday’s session. Traders may be reluctant to make significant moves ahead of the release of some key U.S. economic data later in the week. On Friday, the Commerce Department…
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U.S. Stocks Close Mixed Following Lackluster Session
Following the mixed performance seen in the previous sessions, stocks showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow (DOWI:DJI) inched up 15.57 points…