Category: Latest News
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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…
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U.S. Stocks Add To Last Friday’s Strong Gains In Pre-Holiday Trading
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Monday. The major averages added to the strong gains posted on Friday, further offsetting the sell-off seen last Wednesday. The Nasdaq and the S&P 500 climbed firmly into positive territory as the day…
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Consumer confidence index for December expected to rise to 113.0
The Conference Board is due to release its report on consumer confidence in the month of December at 10 am ET. The consumer confidence index is expected rise to 113.0 in December after climbing to 111.7 in November. At 1 pm ET, the Treasury Department is scheduled to announce the results of this month’s auction…
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Trading Activity May Be Subdued Ahead Of Christmas
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong upward move seen last Friday. Traders may be reluctant to make significant moves amid what is likely to be a relatively quiet week due to the Christmas Day…
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U.S. Stocks Show Strong Move To The Upside Following Inflation Data
After ending the previous session little changed, stocks moved sharply higher over the course of the trading day on Friday. The major averages recovered from initial weakness and climbed firmly into positive territory as the day progressed. The Dow surged 498.02 points or 1.2 percent to 42,840.26, adding to the slim gain posted in Thursday’s…
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U.S. Consumer Prices and Personal Spending Up Slightly
Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices…
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Futures Regain Ground Following Inflation Data But Remain Negative
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move to the downside after ending the previous session little changed. Concerns about the outlook for interest rates may continue to weigh on Wall Street following the sell-off seen during trading on Wednesday. The Fed signaled Wednesday…
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U.S. Stocks Close Roughly Flat But Dow Snaps 10-Day Losing Streak
Following the sell-off seen late in the previous session, stocks showed a notable rebound in early trading on Thursday. Buying interest waned over the course of the trading day, however, and the major averages eventually ended the day roughly flat. The Dow managed to snap its ten-day losing streak, inching up 15.37 points or less…
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U.S. First-Time Enemployment Benefit Claims Pulled Back More Than Expected; U.S. Economic Growth Unexpectedly Surged
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended December 14th. The Labor Department said initial jobless claims fell to 220,000, a decrease of 22,000 from the previous week’s unrevised level of 242,000. Economists had expected jobless claims…
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U.S. Stocks Plunge As Fed Forecasts Fewer Rate Cuts Next Year
Stocks saw modest strength early in the session on Wednesday but plummeted in reaction to the Federal Reserve’s monetary policy announcement. The major averages all moved sharply lower on the day, with the Dow extending its losing streak to ten straight sessions. The major averages finished the day near their lows of the session. The…