Category: Latest News
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U.S. Stocks Move Sharply Lower On Tariff Concerns
After showing a lack of direction early in the session, stocks moved sharply lower over the course of the trading day on Monday. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq plunging to a four-month closing low. The major averages climbed off their worst levels going into the close…
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Tesla, Crypto Exchanges May Lead Early Upward Move On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the surge seen late in last Friday’s session. The markets may benefit from an early upward move by shares of Tesla (NASDAQ:TSLA), as the electric vehicle maker is jumping by 2.9 percent in pre-market trading. The…
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U.S. Stocks Finish Volatile Session Sharply Higher
Following the significant pullback seen over the course of the previous session, stocks saw substantial volatility during trading on Friday. The major averages swung wildly back and forth across the unchanged line before eventually closing sharply higher. The major averages showed strong moves to the upside going into the close, ending the session near their…
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Consumer Price Inflation Up As Expected In January
Closely watched readings on U.S. consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in January, matching the increase seen in December as well…
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Inflation Data In Line With Estimates May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen over the course of the previous session. Traders may once again look to pick up stocks at reduced levels following recent weakness, which saw the Nasdaq plunge to a nearly four-month…
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Nasdaq Plunges To Nearly Four-Month Low As Nvidia Slumps
Stocks once again failed to sustain an early upward move and came under pressure over the course of the trading day on Thursday. Unlike the previous session, however, the major averages extended the pullback as the day progressed, closing sharply lower. The tech-heavy Nasdaq posted a particularly steep loss, plunging 530.84 points or 2.8 percent…
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New Orders For U.S. Manufactured Durable Goods Soared In January
Reflecting a substantial rebound by orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of January. The Commerce Department said durable goods orders shot up by 3.1 percent in January after tumbling by a revised 1.8…
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Upbeat Nvidia Earnings May Lead To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to initial strength on Wall Street on Thursday, with stocks likely to see further upside after ending the previous session mostly higher but well off their best levels The markets are likely to benefit from a positive reaction to earnings news from Nvidia (NASDAQ:NVDA), as the AI…
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U.S. Stocks Give Back Ground Following Early Rebound
Stocks showed a strong move to the upside early in the session on Wednesday but have given back ground since then. The major averages have pulled back well off their highs of the session, with the Dow sliding firmly into negative territory. Currently, the major averages are turning in a mixed performance. While the Dow…
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U.S. Stocks May Regain Ground Following Recent Weakness
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground after moving sharply lower over the past several sessions. Bargain hunting may contribute to initial strength on Wall Street following the recent pullback, which saw the Nasdaq and the S&P 500 close lower for four…