Category: Latest News
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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…
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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)…