Category: Latest News
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Nasdaq Tumbles To Three-Month Closing Low As Tech Stocks Slump
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Tuesday but remained firmly negative. With the continued weakness, the Nasdaq and the S&P 500 closed lower for the fourth straight session. The Nasdaq plunged 260.54 points or 1.4 percent to a three-month closing low…
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Traders May Stick To The Sidelines Ahead Of Nvidia Earnings, Key Data
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to continue experiencing choppy trading after seeing considerable volatility in the previous session. Uncertainty about the near-term outlook for the markets may keep some traders on the sidelines following recent weakness, which saw the Nasdaq and S&P…
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Nasdaq Moves Sharply Lower But Dow Posts Modest Gain
Following the significant pullback seen during last Thursday and Friday’s session, stocks saw considerable volatility over the course of the trading day on Monday. The major averages showed wild swings back and forth across the unchanged line as the day progressed. The Nasdaq and the S&P 500 eventually ended the day firmly in negative territory,…
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Bargain Hunting May Contribute To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground after moving sharply lower over the two previous sessions. Traders may look to pick up stocks at relatively reduced levels following the recent pullback, which dragged the Dow down to its lowest closing level in…
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Disappointing Consumer Sentiment Data Contributes To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Friday, extending the pullback seen during Thursday’s session. The major averages all showed significant moves to the downside, with the Dow tumbling to its lowest closing level in a month. The major averages moved roughly sideways going into the close, lingering near their…
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January Existing Home Sales Report, Consumer Sentiment Data, and Fed Speeches Expected Today
The National Association of Realtors is scheduled to release its report on existing home sales in the month of January at 10 am ET. Existing home sales are expected to tumble by 2.8 percent to an annual rate of 4.12 million in January after jumping by 2.2 percent to an annual rate of 4.24 million…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following the weakness seen in the previous session. Uncertainty about the outlook for the markets may keep some traders on the sidelines following yesterday’s weakness, which saw the S&P 500 pull…
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U.S. Stocks Climb Off Early Lows But Remain Firmly Negative
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Thursday. The major averages climbed well off their early lows but remained firmly in negative territory. The S&P 500 (SPI:SP500) fell as much as 1.0 percent in early trading but ended the day more moderately…
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First-Time U.S. Unemployment Benefit Claims Up Slightly
A report released by the Labor Department showed a modest increase by first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims rose to 219,000, an increase of 5,000 from the previous week’s revised level of 214,000. Economists had expected jobless claims to inch up to…
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Slump By Walmart May Weigh On Wall Street In Early Trading
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside after moving modestly higher over the two previous sessions. A slump by shares of Walmart (NYSE:WMT) is likely to weigh on Wall Street, as the retail giant is tumbling by 6.6 percent in…