Category: Latest News
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S&P 500 Reaches New Record Closing High As U.S. Stocks Extend Uptrend
Stocks moved mostly higher over the course of the trading day on Thursday, extending the strong upward move seen over the past several sessions. The S&P 500 closed higher for the seventh time in the past eight sessions, reaching a new record closing high. The major averages reached new highs going into the close of…
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U.S. Unemployment Benefit Claims Up After Hitting Eleven-Month Low
After reporting a rebound by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further upside in the week ended January 18th. The Labor Department said initial jobless claims rose to 223,000, an increase of 6,000 from the previous week’s unrevised…
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground after turning in a strong performance in recent sessions. Traders may look to cash in on recent strength in the markets, which has seen stocks largely offset the sell-off seen earlier this month. The…
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U.S. Stocks Close Higher Again; Nasdaq Leads
U.S. stocks closed on a firm note on Wednesday as investors reacted positively to some upbeat earnings updates and corporate news, and on continued optimism about a few interest rate cuts by the Federal Reserve this year. Worries about tariff threats lingered but investors largely shrugged off concerns and kept picking up stocks. The major…
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Upbeat Earnings News May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to add to the gains posted in the previous session. Early buying interest is likely to be generated in reaction to upbeat earnings news from big name companies such as Netflix (NASDAQ:NFLX), Procter & Gamble (NYSE:PG) and Travelers…
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U.S. Stocks Close On Bright Note On Fairly Widespread Buying
After a positive start, U.S. stocks largely kept moving higher on Tuesday, and the major averages all ended the day’s session on a firm note. A drop in bond yields and optimism about a few interest-rate cuts this year contributed to the positive sentiment in the market. Investors picked up stocks as worries about tariffs…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the strong gains posted last week. The markets may benefit from optimism President Donald Trump will take a more lenient approach to tariffs after he refrained from imposing immediate tariffs on his first day back…
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U.S. Stocks Move Sharply Higher, Dow Reaches One-Month Closing High
Stocks showed a strong move to the upside during trading on Friday, with the major averages more than offsetting the losses posted in the previous session. With the upward move, the Dow ended the day at its best closing level in a month. The major averages pulled back off their best levels in the latter…
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U.S. New Residential Construction Skyrocketed
A report released by the Commerce Department on Friday showed new residential construction in the U.S. skyrocketed by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate…
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U.S. Stocks May See Initial Strength As Treasury Yields Extend Pullback
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move back to the upside after ending yesterday’s lackluster session mostly lower. Early buying interest may be generated in reaction to a continued decrease by treasury yields, as the yield on the benchmark ten-year note is moving…