Author: iHub News
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Dow Closes Firmly Positive But Nasdaq, S&P 500 Give Back Ground
Following a modest move to the upside early in the session, the major U.S. stock indexes moved in starkly opposite directions during trading on Thursday. While the Nasdaq and the S&P 500 pulled back off their early highs and into negative territory, the narrower Dow saw continued strength. The Dow ended the day up 299.90…
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First-Time U.S. Unemployment Claims Fall Slightly, New Residential Construction Drops Steeply
First-time claims for U.S. unemployment benefits saw a modest pullback in the week ended June 15th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims dipped to 238,000, a decrease of 5,000 from the previous week’s revised level of 243,000. Economists had expected jobless claims to…
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Nvidia May Lead Early Upward Move On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move the upside as trading resumes following the Juneteenth holiday on Wednesday. A notable advance by shares of Nvidia (NASDAQ:NVDA) may contribute to early strength on Wall Street, as the AI darling is surging by 3.7 percent…
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U.S. Stocks Finish Choppy Trading Session Modestly Higher
Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the S&P 500 and the Nasdaq once again reached new record closing highs. The major averages all finished the day modestly higher. The S&P 500 (SPI:SP500) climbed…
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Retail Sales Slightly Up
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales crept up by 0.1 percent in May after dipping by a revised 0.2 percent in April. Economists had expected retail sales to rise by 0.2…
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U.S. Stocks May Experience Choppy Trading Early On
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to experience choppy trading after ending the previous session sharply higher. The futures remained little changed after the Commerce Department released a report showing retail sales in the U.S. inched up slightly less than expected in the…
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Nasdaq, S&P 500 Reach New Record Closing Highs
Stocks showed a lack of direction early in the session on Monday but moved notably higher over course of the trading day. The major averages all moved to the upside, with the Nasdaq and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…
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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 continue to show a lack of direction after ending last Friday’s trading little changed. Traders may stick to the sidelines as they take a moment to assess the recent activity in the markets and the near-term…
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U.S. Stocks Close Little Changed But Post Strong Weekly Gains
Stocks saw modest weakness throughout much of the trading session on Friday but recovered to end the day roughly flat. The tech-heavy Nasdaq bounced back and forth across the unchanged line before eventually ending the session at a record closing high. While the Nasdaq (NASDAQI:COMP) crept up 21.32 points or 0.1 percent to 17,688.88, the…
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Import and Export Prices Down Unexpectedly
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent. Prices for…