Category: Latest News
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U.S. Stocks Give Back Ground Following Inflation Data
Stocks recovered from an early pullback during trading on Thursday but moved back to the downside over the course of the session. With the downward move, the Dow closed lower for the sixth consecutive session. The major averages fell to new lows for the session going into the close of trading. The Dow slid 234.44…
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U.S. First-Time Unemployment Benefits Rise Unexpectedly
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended December 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 242,000, an increase of 17,000 from the previous week’s revised level of 225,000. Economists had expected jobless claims to dip to 220,000…
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Futures Pointing 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 turning in a strong performance in the previous session. Traders may look to cash in on yesterday’s gains, which saw the tech-heavy Nasdaq surge above 20,000 for the first time ever. Negative sentiment…
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Nasdaq Closes Above 20,000 For The First Time Ever
Stocks moved mostly higher during trading on Wednesday, rebounding strongly following the pullback seen to start the week. The tech-heavy Nasdaq showed a particularly strong upward move, closing above 20,000 for the first time. The Nasdaq surged 347.65 points or 1.8 percent to a new record closing high of 20,034.89, while the S&P 500 (SPI:SP500)…
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U.S. Consumer Prices Rose As Expected
The Labor Department released a closely watched report on Wednesday showing consumer prices in the U.S. rose in line with economist estimates in the month of November. The report said the consumer price index climbed by 0.3 percent in November after rising by 0.2 percent for four straight months. The increase matched expectations. The annual…
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Inflation Data In Line With Estimates May Lead To Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground after moving lower over the two previous sessions. The futures advanced following the release of closely watched consumer price inflation data that came in line with economist estimates. The Labor Department said its consumer price…
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U.S. Stocks Move Moderately Lower After Seeing Early Strength
After failing to sustain an early move to the upside, stocks moved moderately lower over the course of the trading session on Tuesday. The major averages added to the losses posted during Monday’s session, with the Nasdaq and the S&P 500 pulling back further off last Friday’s record closing highs. The major averages dipped to…
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U.S. Labor Productivity Unchanged in Q3, Unit Labor Costs Revised Lower
While the Labor Department released a report on Tuesday showing the jump by U.S. labor productivity in the third quarter was unrevised from the previous estimate, the report also showed a downward revision to the increase by U.S. unit labor costs. The report said labor productivity shot up by 2.2 percent in the third quarter,…
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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 Tuesday, with stocks likely to show a lack of direction following the weakness seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of the Labor Department’s closely watched report on consumer price inflation…
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U.S. Stocks Move Mostly Lower, Nasdaq And S&P 500 Pull Back Off Record Highs
After showing a lack of direction early in the session, stocks moved mostly lower over the course of the trading day on Monday. The major averages all moved to the downside, with the Nasdaq and the S&P 500 pulling back off last Friday’s record closing highs. The major averages finished the day firmly in negative…