Author: iHub News
-
Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after ending yesterday’s choppy trading session mostly higher. Profit taking may contribute to initial weakness on Wall Street after the Nasdaq and the S&P 500 ended the previous session at new record closing highs.…
-
Nasdaq, S&P 500 Finish Choppy Trading Session At New Record Highs
Stocks turned in a relatively lackluster performance during trading on Thursday, as traders took a breather following the rally seen in the previous session. Despite the choppy trading, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) once again reached new record closing highs. The Nasdaq climbed 59.12 points or 0.3 percent to 17,667.56 and the…
-
First-Time U.S. Unemployment Benefit Claims Unexpectedly Rise
The Labor Department released a report on Thursday showing an unexpected increase by first-time claims for U.S. unemployment benefits in the week ended June 8th. The report said initial jobless claims climbed to 242,000, an increase of 13,000 from the previous week’s unrevised level of 229,000. Economists had expected jobless claims to edge down to…
-
Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see further upside after ending the previous session sharply higher. While the Federal Reserve lowered its forecast for interest rate cuts this year on Wednesday, stocks may continue to benefit from optimism about the outlook for rates…
-
U.S. Stocks Close Mostly Higher Following Inflation Data, Fed Announcement
After an early rally on tamer than expected consumer price inflation data, stocks saw some volatility following the Federal Reserve’s monetary policy announcement but still managed to end Wednesday’s trading mostly higher. The Nasdaq (NASDAQI:COMP) led the charge, surging 264.89 points or 1.5 percent to a new record closing high of 17,608.44. The S&P 500…
-
U.S. Consumer Prices Surprisingly Flat, Annual Rate Of Consumer Price Growth Slowed
With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May. The Labor Department said its consumer price index came in unchanged in May after rising by 0.3 percent in April.…
-
Tamer Than Expected Inflation Data May Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to a notably higher open on Wednesday, with stocks likely to see initial strength amid a positive reaction to a closely watched report on consumer price inflation. The futures surged following the release of a Labor Department report showing U.S. consumer prices were unexpectedly flat in the…
-
Nasdaq, S&P 500 Recover From Early Weakness To Reach Record Highs
The major U.S. stock indexes all moved to the downside in early trading on Tuesday but turned mixed over the course of the session. While the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) recovered from the early weakness to reach new record closing highs, the narrower Dow (DOWI:DJI) climbed off its worst levels but spent…
-
U.S. Stocks May Move Back To The Downside In Early Trading
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after ending the previous session modestly higher. Traders may look to cash in on yesterday’s slim gains, which lifted the Nasdaq and the S&P 500 to new record closing highs. Overall trading…
-
Nasdaq, S&P 500 Finish Choppy Trading Day At Record Closing Highs
Extending the lackluster performance seen over the two previous sessions, stocks showed a lack of direction during trading on Monday. The major averages bounced back and forth across the unchanged line before eventually closing modestly higher. Despite the choppy trading, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) reached new record closing highs. The Nasdaq…