Category: Latest News
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Positive Reaction To Inflation Data May Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Wednesday, with stocks likely to show a strong move to the upside following the lackluster performance seen in the previous session. Stocks are likely to benefit from a positive reaction to the Labor Department’s closely watched report on consumer price inflation…
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U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
After failing to sustain an early move to the upside, stocks showed a lack of direction over the course of the trading session on Tuesday. The major averages swung back and forth across the unchanged line before eventually closing narrowly mixed. While the tech-heavy Nasdaq dipped 43.71 points or 0.2 percent to 19,044.39, the S&P…
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Slightly Tamer-Than-Expected Inflation Data May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside after recovering from early weakness to end the previous session mixed. The futures saw a notable advance following the release of a Labor Department report showing producer prices rose by slightly less than…
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U.S. Stocks Close Mixed After Early Move To The Downside
Stocks showed a notable move to the downside early in the session on Monday but regained ground over the course of the trading day. The S&P 500 climbed well off its worst levels of the day and into positive territory, although the Nasdaq remained in the red. The S&P 500 rose 9.18 points or 0.2…
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Futures Pointing To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to add to the steep losses posted during last Friday’s session. Continued weakness in the tech sector may weigh on Wall Street amid a slump by shares of Nvidia (NASADAQ:NVDA), which are tumbling by 3.0 percent in pre-market…
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U.S. Stocks Move Sharply Lower As Strong Jobs Data Fuels Interest Rate Worries
Stocks have moved sharply lower during trading on Friday, with the major averages all showing significant moves to the downside after ending Wednesday’s lackluster session narrowly mixed. Currently, the major averages are off their worst levels of the day but still firmly negative. The Dow is down 638.94 points or 1.5 percent at 41,996.26, the…
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U.S. Employment Surges Much More Than Expected
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to…
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Futures Plunge Following Stronger-Than-Expected Jobs Data
The major U.S. index futures are currently pointing to a sharply lower open on Friday, with stocks likely to come under pressure after ending Wednesday’s lackluster session little changed. The futures showed a significant move to the downside following the release of the Labor Department’s closely watched monthly employment report. The report showed much stronger…
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U.S. Stocks Finish Choppy Trading Session Little Changed
Following the sharp pullback seen over the course of Tuesday’s session, stocks showed a lack of during trading on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the tech-heavy Nasdaq edged down 10.80 points or 0.1 percent to 19,478.87, the Dow rose…
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U.S. Private Sector Employment Up Less Than Expected
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by 140,000 jobs.…