Category: Latest News
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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 Friday, with stocks likely to show a lack of direction following the upward move seen over the course of the previous session. Traders may take a breather following the volatility seen over the past few sessions, which has seen the major…
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Dow Moves Sharply Higher But Nasdaq Closes Little Changed
Stocks saw considerable volatility early in the session on Thursday but moved mostly higher over the course of the trading day. The major averages all finished the day in positive territory, with the Dow posting a standout gain. The Dow jumped 461.88 points or 1.1 percent to 43,870.35 and the S&P 500 (SPI:SP500) climbed 31.60…
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U.S. Jobless Claims Drop Unexpectedly; Fed Updates Awaited
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th. The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous week’s revised level of 219,000. Economists had expected jobless claims to inch up…
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Nvidia Earnings and Futures Point to Higher Open Amid Market Recovery
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen late in the previous session. Nvidia (NASDAQ:NVDA) may help lead the markets higher, as the AI darling has turned higher over the course of pre-market trading is currently jumping by 1.5 percent.…
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U.S. Stocks Recover Late In The Day To Close Roughly Flat
After seeing weakness throughout much of the session, stocks recovered in the latter part of the trading day on Wednesday. The major averages climbed well off their worst levels before eventually ending the session narrowly mixed. The Dow ended the day up 139.53 points or 0.3 percent at 43,408.47, while the S&P 500 (SPI:SP500) closed…
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Nvidia Earnings In Focus On Wall Street
The major U.S. index futures are currently pointing to initial strength on Wednesday, with stocks likely to see further upside after ending the previous session mostly higher. The upward momentum on Wall Street comes as traders look ahead to release of quarterly results from AI darling Nvidia (NASDAQ:NVDA) after the close of today’s trading. Nvidia,…
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U.S. Stocks Recover From Early Pullback To Close Mostly Higher
Stocks moved to the downside early in the session on Tuesday but showed a significant rebound over the course of the trading day. The Nasdaq and the S&P 500 climbed well off their early lows and into positive territory, although the narrower Dow remained stuck in the red. The major averages eventually ended the day…
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U.S. New Residential Construction Down More Than Expected
New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of…
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Escalating Tensions With Russia May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside following the rebound seen in the previous session. The downward momentum on Wall Street comes amid concerns about escalating tensions between the U.S. and Russia. After President Joe Biden gave Ukraine permission…
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Nasdaq, S&P 500 Regain Ground But Dow Closes Modestly Lower
Following the sell-off seen during last Friday’s session, stocks moved back to the upside during trading on Monday. The Nasdaq and the S&P 500 regained ground, although the narrower Dow ended the day modestly lower. While the Nasdaq climbed 111.69 points or 0.6 percent to 18,791.81 and the S&P 500 (SPI:SP500) rose 23.00 points or…