Category: Latest News
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U.S. Stocks Climb Off Worst Levels But Close Sharply Lower
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Monday but remained firmly in negative territory. The major averages added to the steep losses posted last Friday. The Dow climbed off its worst levels after tumbling by more than 700 points in early trading…
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December Chicago Business Barometer and November Pending Home Sales Insights
MNI Indicators is scheduled to release its report on Chicago-area business activity in the month of December at 9:45 am ET. The Chicago business barometer is expected to rise to 42.5 in December from 40.2 in November, but a reading below 50 would still indicate contraction. At 10 am ET, the National Association of Realtors…
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U.S. Stocks May See Further Downside After Friday’s Sell-Off
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to see further downside following the sharp pullback seen last Friday. Concerns about a recent increase by U.S. treasury yields may weigh on Wall Street, as the yield on the benchmark ten-year note closed above 4.6 percent for…
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U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
U.S. stocks tumbled on Friday and the major averages all closed notably lower with the tech-laden Nasdaq suffering a more pronounced loss as yields on 10-Year Treasury Note rose to near 8-month high. The Dow closed down 333.59 points or 0.77 percent at 42,992.21, well off the day’s low of 42,761.56. The S&P 500 (SPI:SP500)…
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Futures Pointing To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move back to the downside after recovering from early weakness to end the previous session roughly flat. After moving to the downside early in the session, stocks regained ground over the course of the trading day on…
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U.S. Stocks Recover From Early Weakness To Close Little Changed
After moving to the downside early in the session, stocks regained ground over the course of the trading day on Thursday. The major averages climbed well off their early lows and spent much of the day lingering near the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow crept up…
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U.S. Jobless Claims Dip Slightly as Continuing Claims Hit Two-Year High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week’s unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.…
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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 moving notably higher over the past few sessions. Traders may look to cash in on the recent strength in the markets, which saw the Nasdaq and the S&P 500 nearly offset the sell-off…
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U.S. Stocks Show Strong Move To The Upside On Christmas Eve
In an abbreviated Christmas Eve session, stocks moved sharply higher over the course of the trading day on Tuesday. The major averages all showed strong moves to the upside, extending the upward move seen over the two previous sessions. The major averages saw further upside going into the close, ending the session at their best…
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U.S. Stocks May Lack Direction During Abbreviated Session
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending the previous session mostly higher. Many traders are likely to be away from their desks ahead of the Christmas Day holiday on Wednesday, leading to below average volume. The…