Category: Latest News
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U.S. Stocks Finish Choppy Trading Session Modestly Lower
After recovering from an initial move to the downside, stocks showed a lack of direction over the course of the trading session on Thursday. The major averages swung back and forth across the unchanged line before eventually closing modestly lower. The Nasdaq fell 59.16 points or 0.3 percent to 17,691.63 and the S&P 500 (SPI:SP500)…
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U.S. First-Time Unemployment Benefit Claims Up Slightly
First-time claims for U.S. unemployment benefits crept slightly higher in the week ended March 15th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 223,000, an increase of 2,000 from the previous week’s revised level of 221,000. Economists had expected jobless claims to rise…
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Dow Jones, S&P, Nasdaq, Lingering Economic Worries May Lead To Pullback On Wall Street
The major U.S. index futures for the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Thursday, with stocks likely to give back ground after ending the previous session sharply higher. Traders may look to cash in on yesterday’s gains amid lingering concerns about the economic outlook following the Federal Reserve’s monetary…
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U.S. Stocks Show Strong Move Back To The Upside Following Fed Announcement
Following the sharp pullback seen in the previous session, stocks showed a strong move back to the upside during trading on Wednesday. With the rally, the major averages largely offset Tuesday’s steep losses. The major averages pulled back off their best levels going into the close but remained sharply higher. The Nasdaq surged 246.67 points…
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The Fed Decision and Crude Oil Inventory Report Are Key Market Events Today
At 10:30 am ET, the Energy Information Administration is due to release its report on oil inventories in the week ended March 14th. Crude oil inventories are expected to increase by 1.2 million barrels after rising by 1.4 million barrels in the previous week. The Federal Reserve is scheduled to announce its latest monetary policy…
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Dow Jones, S&P, Nasdaq Futures Flat as Traders Await Fed Decision and Rate Outlook
The major U.S. index futures for the Dow Jones, S&P and Nasdaq are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the sharp pullback seen in the previous session. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s monetary policy…
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U.S. Stocks Move Back To The Downside Following Two-Day Rebound
Stocks moved sharply lower during trading on Tuesday, giving back ground following the significant rebound seen over the two previous sessions. The major averages all moved to the downside, with the tech-heavy Nasdaq leading the pullback. The major averages ended the day off their worst levels but still firmly negative. The Nasdaq tumbled 304.55 points…
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U.S. New Residential Construction Rebounded More Than Expected In February
New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday. The Commerce Department said housing starts spiked by 11.2 percent to an annual rate of 1.501 million in February after plunging by 11.5 percent to a revised…
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Dow Jones, S&P, Nasdaq, U.S. Stocks May Move Back To The Downside In Early Trading
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Tuesday, with stocks likely to give back ground following the rebound seen over the two previous sessions. Trades may look to cash in on the recent recovery by the markets amid lingering concerns about the…
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U.S. Stocks Extend Last Friday’s Rebound But Close Well Off Highs
After rebounding last Friday but still posting steep weekly losses, stocks continued to regain ground during trading on Monday. The major averages all moved to the upside over the course of the session. The major averages pulled back well off their highs going into the end of trading but remained in positive territory. The Dow…