Category: Latest News
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U.S. Housing Starts Slump But Building Permits Surge
While the Commerce Department released a report on Wednesday unexpectedly showing a continued slump by housing starts in the U.S. in the month of November, the report also showed a much bigger than expected surge by building permits. The report said housing starts tumbled by 1.8 percent to an annual rate of 1.289 million in…
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Dow May Regain Ground After Longest Losing Streak Since 1978
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Traders may look to pick up stocks at somewhat reduced levels following yesterday’s weakness, which saw the Dow close lower for the ninth consecutive session.…
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Dow Extends Losing Streak To Nine Days, Nasdaq Pulls Back Off Record High
After coming under pressure early in the session, stocks saw continued weakness throughout the trading day on Tuesday. The tech-heavy pulled back off yesterday’s record closing high, while the Dow closed lower for the ninth straight session for the first time since 1978. The major averages climbed off their worst levels going into the close…
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U.S. Retail Sales Increased More Than Expected In November
Retail sales in the U.S. increased by more than expected in the month of November, according to a report released by the Commerce Department on Tuesday, with auto sales once again leading the way higher. The report said retail sales grew by 0.7 percent in November after climbing by an upwardly revised 0.5 percent in…
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Nasdaq May Give Back Ground, Dow Poised To See Further Downside
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground following the upward move seen in the previous session. Traders may look to cash in on yesterday’s gains, which saw the Nasdaq surge to a new record closing high amid a rally by tech…
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Nasdaq Surges To New Record High But Dow Extends Losing Streak
Following the lackluster performance seen during last Friday’s session, stocks moved mostly higher during trading on Monday. The tech-heavy Nasdaq led the charge, surging to a new record closing high. The Nasdaq pulled back off its best levels going into the close but still ended the day up 247.17 points or 1.2 percent at 20,173.89.…
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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 Monday, with stocks likely to see initial strength following the lackluster performance seen during last Friday’s session. Stocks may benefit from optimism about the outlook for interest rates ahead of the Federal Reserve’s monetary policy decision on Wednesday. The Fed is widely…
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U.S. Stocks Close Little Changed Following Lackluster Session
After failing to sustain an early move to the upside, stocks showed a lack of direction over the course of the trading session on Friday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. The Dow dipped 86.06 points or 0.2 percent to 43,828.06, closing lower for the…
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U.S. Import Prices Unexpectedly Higher; Export Prices Unchanged
Import prices in the U.S. unexpectedly edged higher in the month of November, according to a report released by the Labor Department on Friday. The Labor Department said import prices crept up by 0.1 percent in November, matching the downwardly revised uptick in October. Economists had expected import prices to dip by 0.2 percent compared…
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Broadcom May Help Lead Early Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after moving mostly lower over the course of the previous session. The tech-heavy Nasdaq is likely to benefit from a surge by shares of Broadcom (NASDAQ:AVGO), as the chipmaker is soaring by 17.5 percent in…