Author: iHub News
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Looming Fed Meeting, Inflation Data 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 extend the lackluster performance seen over the two previous sessions. Traders may be reluctant to make significant moves ahead of several key events later this week, including the Federal Reserve’s monetary policy meeting. The Fed is…
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U.S. Stocks Close Modestly Lower Following Monthly Jobs Report
Stocks showed a lack of direction over the course of the trading day on Friday, extending the lackluster performance seen during Thursday’s session. The major averages spent the day bouncing back and forth across the unchanged line before closing modestly lower. After reaching a new record intraday high in early afternoon trading, the S&P 500…
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U.S. Stocks Finish Lackluster Session Little Changed Ahead Of Jobs Data
Following the rally seen over the course of Wednesday’s session, stocks turned in a relatively lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow (DOWI:DJI) rose 78.84 points or 0.2 percent to 38,886.17, the Nasdaq (NASDAQI:COMP)…
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First-Time Unemployment Bebefit Claims Up More Than Expected; U.S. Trade Deficit Widened
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended June 1st. The Labor Department said initial jobless claims climbed to 229,000, an increase of 8,000 from…
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Traders May Take A Breather Following Yesterday’s Rally As Jobs Data Looms
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the rally seen over the course of the previous session. Traders may take a step back to assess the outlook for the markets following yesterday’s surge, which lifted the Nasdaq…
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Nasdaq, S&P 500 Rally To New Record Closing Highs
Stocks moved sharply higher over the course of the trading day on Wednesday, adding to the modest gains posted in the previous session. With the rally on the day, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) saw further upside going into the close,…
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Private Sector Job Growth Slowed More Than Expected
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April. Economists had expected private sector employment to…
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Weaker Than Expected Jobs Data May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing initial strength on Wall Street on Wednesday, with stocks likely to see further upside after ending yesterday’s lackluster session mostly higher. Early buying interest may be generated in reaction to a report from payroll processor ADP showing private sector job growth in the U.S. slowed by more…
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U.S. Stocks Finish Choppy Trading Day Modestly Higher
Stocks fluctuated over the course of the trading session on Tuesday before eventually ending the day modestly higher. The major averages all finished the day in positive territory following the mixed performance seen on Monday. The Dow (DOWI:DJI) climbed 140.26 points or 0.4 percent to 38,711.29, the Nasdaq (NASDAQI:COMP) rose 28.38 points or 0.2 percent…
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Crude Oil, Gold Futures Slump
Crude oil futures are slumping $1.15 to $73.07 a barrel after plunging $2.77 to $74.22 a barrel on Monday. Meanwhile, after jumping $23.50 to $2,369.30 an ounce in the previous session, gold futures are falling $15 to $2,354.30 an ounce. On the currency front, the U.S. dollar is trading at 154.82 yen compared to the…