Category: Latest News
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Profit Taking Contributes To Pullback On Wall Street
After turning in a strong performance last week, stocks moved mostly lower during trading on Monday. The major averages all moved to the downside, although selling pressure was somewhat subdued. The major averages ended the day well off their worst levels but still in negative territory. The Dow fell 249.04 points or 0.5 percent to…
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Dow Jones, S&P 500 and Nasdaq futures point to lower open as profit taking hits tech stocks ahead of New Year
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after turning in a strong performance last week. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on recent gains going into the end…
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U.S. pending home sales and crude oil inventories reports expected to show housing gains and oil stock drawdowns
The National Association of Realtors is due to release its report on pending home sales in the month of November at 10 am ET. Pending home sales are expected to increase by 0.8 percent in November after jumping by 1.9 percent in October. At 10:30 am ET, the Energy Information Administration is scheduled to release…
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U.S. Stocks Finish Choppy Trading Day Slightly Lower But Post Strong Weekly Gains
After trending higher over the past several sessions, stocks showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing slightly lower. The S&P 500 (SPI:SP500) reached a new record intraday high in early trading…
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Dow Jones, S&P and Nasdaq futures hover near stability with tech stocks leading pre-market moves
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after trending higher over the past several sessions. Many traders are likely to remain away from their desks following the Christmas Day holiday on Thursday, leading to below average…
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Dow, S&P 500 Reach New Record Closing Highs Ahead Of Christmas
Stocks showed a lack of direction early in the session but moved mostly higher over the course of the trading day on Wednesday. The major averages extended their winning streak to five days, with the Dow and the S&P 500 reaching new record closing highs. The major averages finished the day just off their highs…
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Dow Jones, S&P 500 and Nasdaq futures edge lower as jobless claims take spotlight ahead of Christmas holiday
Report on weekly jobless claims might be on spotlight on Wednesday. Activities are likely to be subdued ahead of the Christmas Day holiday on Thursday. Initial signs from the U.S. Futures Index suggest that Wall Street might open marginally lower. Asian shares finished mostly up, while European shares are trading broadly higher. As of 7.40…
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S&P 500 Reaches Record Closing High As U.S. Stocks Extend Upward Trend
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Tuesday. The major averages added to the gains posted over the past few sessions, with the S&P 500 (SPI:SP500) reaching a new record closing high. The S&P 500 and the Nasdaq ended the…
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Dow Jones, S&P 500 And Nasdaq Futures Point To Lower Open As GDP Surprises And Rate Uncertainty Grows
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a modestly lower open on Tuesday, 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 major averages rebound strongly after slumping…
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U.S. Durable Goods Orders Fall More Than Expected in October as GDP Growth Beats Forecasts in Q3
Reflecting a steep drop in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods tumbled by more than expected in the month of October. The report said durable goods orders plunged by 2.2 percent in October after climbing by an upwardly revised 0.7 percent…