Category: Latest News
-
U.S. Stocks Show Strong Move To The Upside Following Inflation Data
After ending the previous session little changed, stocks moved sharply higher over the course of the trading day on Friday. The major averages recovered from initial weakness and climbed firmly into positive territory as the day progressed. The Dow surged 498.02 points or 1.2 percent to 42,840.26, adding to the slim gain posted in Thursday’s…
-
U.S. Consumer Prices and Personal Spending Up Slightly
Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices…
-
Futures Regain Ground Following Inflation Data But Remain Negative
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move to the downside after ending the previous session little changed. Concerns about the outlook for interest rates may continue to weigh on Wall Street following the sell-off seen during trading on Wednesday. The Fed signaled Wednesday…
-
U.S. Stocks Close Roughly Flat But Dow Snaps 10-Day Losing Streak
Following the sell-off seen late in the previous session, stocks showed a notable rebound in early trading on Thursday. Buying interest waned over the course of the trading day, however, and the major averages eventually ended the day roughly flat. The Dow managed to snap its ten-day losing streak, inching up 15.37 points or less…
-
U.S. First-Time Enemployment Benefit Claims Pulled Back More Than Expected; U.S. Economic Growth Unexpectedly Surged
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended December 14th. The Labor Department said initial jobless claims fell to 220,000, a decrease of 22,000 from the previous week’s unrevised level of 242,000. Economists had expected jobless claims…
-
U.S. Stocks Plunge As Fed Forecasts Fewer Rate Cuts Next Year
Stocks saw modest strength early in the session on Wednesday but plummeted in reaction to the Federal Reserve’s monetary policy announcement. The major averages all moved sharply lower on the day, with the Dow extending its losing streak to ten straight sessions. The major averages finished the day near their lows of the session. The…
-
U.S. Housing Starts Slump But Building Permits Surge
While the Commerce Department released a report on Wednesday unexpectedly showing a continued slump by housing starts in the U.S. in the month of November, the report also showed a much bigger than expected surge by building permits. The report said housing starts tumbled by 1.8 percent to an annual rate of 1.289 million in…
-
Dow May Regain Ground After Longest Losing Streak Since 1978
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Traders may look to pick up stocks at somewhat reduced levels following yesterday’s weakness, which saw the Dow close lower for the ninth consecutive session.…
-
Dow Extends Losing Streak To Nine Days, Nasdaq Pulls Back Off Record High
After coming under pressure early in the session, stocks saw continued weakness throughout the trading day on Tuesday. The tech-heavy pulled back off yesterday’s record closing high, while the Dow closed lower for the ninth straight session for the first time since 1978. The major averages climbed off their worst levels going into the close…
-
U.S. Retail Sales Increased More Than Expected In November
Retail sales in the U.S. increased by more than expected in the month of November, according to a report released by the Commerce Department on Tuesday, with auto sales once again leading the way higher. The report said retail sales grew by 0.7 percent in November after climbing by an upwardly revised 0.5 percent in…