Category: Latest News
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U.S. Stocks Move Sharply Lower As Strong Jobs Data Fuels Interest Rate Worries
Stocks have moved sharply lower during trading on Friday, with the major averages all showing significant moves to the downside after ending Wednesday’s lackluster session narrowly mixed. Currently, the major averages are off their worst levels of the day but still firmly negative. The Dow is down 638.94 points or 1.5 percent at 41,996.26, the…
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U.S. Employment Surges Much More Than Expected
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to…
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Futures Plunge Following Stronger-Than-Expected Jobs Data
The major U.S. index futures are currently pointing to a sharply lower open on Friday, with stocks likely to come under pressure after ending Wednesday’s lackluster session little changed. The futures showed a significant move to the downside following the release of the Labor Department’s closely watched monthly employment report. The report showed much stronger…
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U.S. Stocks Finish Choppy Trading Session Little Changed
Following the sharp pullback seen over the course of Tuesday’s session, stocks showed a lack of during trading on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the tech-heavy Nasdaq edged down 10.80 points or 0.1 percent to 19,478.87, the Dow rose…
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U.S. Private Sector Employment Up Less Than Expected
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.…
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Mixed Jobs Data May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the sharp pullback seen over the course of the previous session. Traders may be reluctant to make significant moves amid uncertainty about the outlook for interest rates following the release…
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U.S. Stocks Pull Back Sharply After Seeing Initial Strength
Stocks moved higher early in the session on Tuesday but pulled back sharply over the course of the trading day. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq leading the way lower. The major averages climbed off their worst levels going into the close but remained firmly in…
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U.S. Trade Deficit Widens As Estimated In November
With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the…
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Nvidia May Help Lead Continued Advance On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with stocks likely to add to the gains posted in the two previous sessions. The markets may benefit from a continued advance by shares of Nvidia (NASDAQ:NVDA), which are jumping by 2.2 percent in pre-market trading after surging by 3.4…
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U.S. Stocks Pull Back Off Best Levels But Close Mostly Higher
Stocks showed a strong move to the upside early in the session on Monday but gave back ground over the course of the trading day. The major averages pulled back well off their highs of the session, although the Nasdaq and the S&P 500 managed to remain in positive territory. The Nasdaq jumped 243.30 points…