Category: Latest News
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Mixed Jobs Data May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the sharp pullback seen over the course of the previous session. Traders may be reluctant to make significant moves amid uncertainty about the outlook for interest rates following the release…
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U.S. Stocks Pull Back Sharply After Seeing Initial Strength
Stocks moved higher early in the session on Tuesday but pulled back sharply over the course of the trading day. The major averages all moved to the downside on the day, with the tech-heavy Nasdaq leading the way lower. The major averages climbed off their worst levels going into the close but remained firmly in…
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U.S. Trade Deficit Widens As Estimated In November
With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the…
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Nvidia May Help Lead Continued Advance On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with stocks likely to add to the gains posted in the two previous sessions. The markets may benefit from a continued advance by shares of Nvidia (NASDAQ:NVDA), which are jumping by 2.2 percent in pre-market trading after surging by 3.4…
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U.S. Stocks Pull Back Off Best Levels But Close Mostly Higher
Stocks showed a strong move to the upside early in the session on Monday but gave back ground over the course of the trading day. The major averages pulled back well off their highs of the session, although the Nasdaq and the S&P 500 managed to remain in positive territory. The Nasdaq jumped 243.30 points…
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Futures Pointing To Extended Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to see further upside following the significant rebound seen during last Friday’s session. Stocks may continue to benefit from bargain hunting, as the major averages regained ground in the previous session but remain well off the record highs…
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Nasdaq, S&P 500 Snap Five-Day Losing Streaks As Stocks Rally
After trending lower over the past several sessions, stocks showed a strong move back to the upside during trading on Friday. The major averages all moved sharply higher, with the tech-heavy Nasdaq leading the charge. The major averages pulled back off their best levels in late-day trading but remained firmly positive. The Nasdaq surged 340.88…
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U.S. Stocks May Move To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside after ending yesterday’s volatile session modestly lower. Traders may once again look to pick up stocks at reduced levels following recent weakness on Wall Street, which has seen the Nasdaq and the S&P…
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U.S. Stocks Finish Volatile Session Modestly Lower
Stocks moved notably higher early in the session on Thursday but failed to sustain the upward move and fluctuated over the course of the trading day. The major averages swung back and forth across the unchanged line in morning trading before sliding more firmly into negative territory in the early afternoon only to regain ground…
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U.S. Unemployment Benefit Claims Down Unexpectedly
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 211,000, a decrease of 9,000 from the previous week’s revised level of 220,000. The dip surprised economist, who had expected jobless…