Category: Latest News
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Futures Pointing To Initial Strength On First Trading Day Of 2025
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to begin the new year on an upbeat after slumping in the final days of 2024. Traders may look to pick up stocks at relatively reduced levels following the notable downward move seen to close out last year.…
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U.S. Stocks Move To The Downside But Post Strong Gains For 2024
Stocks showed a lack of direction early in the session on Tuesday but moved mostly lower over the course of the trading day. The tech-heavy Nasdaq led the downward move, slumping to its lowest closing level in a month. The Nasdaq slid 175.99 points or 0.9 percent to 19,310.79 and the S&P 500 (SPI:SP500) fell…
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S&P/Case-Shiller HPI Rises 4.2%, Signaling Continued Real Estate Stability Despite Slight Slowdown
The latest S&P/Case-Shiller House Price Index (HPI), which tracks price fluctuations of single-family homes in 20 major metropolitan areas, showed a 4.2% increase — slightly above the expected 4.1%. Although this result indicates a slowdown compared to the previous reading of 4.6%, the difference relative to market estimates was not significant. These figures suggest that…
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Bargain Hunting, Window Dressing May Lead To Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground following the steep drop seen over the two previous sessions. Traders may look to pick up stocks at relatively reduced levels following the recent pullback, which dragged the major averages down near the one-month lows…
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U.S. Stocks Climb Off Worst Levels But Close Sharply Lower
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Monday but remained firmly in negative territory. The major averages added to the steep losses posted last Friday. The Dow climbed off its worst levels after tumbling by more than 700 points in early trading…
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December Chicago Business Barometer and November Pending Home Sales Insights
MNI Indicators is scheduled to release its report on Chicago-area business activity in the month of December at 9:45 am ET. The Chicago business barometer is expected to rise to 42.5 in December from 40.2 in November, but a reading below 50 would still indicate contraction. At 10 am ET, the National Association of Realtors…
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U.S. Stocks May See Further Downside After Friday’s Sell-Off
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to see further downside following the sharp pullback seen last Friday. Concerns about a recent increase by U.S. treasury yields may weigh on Wall Street, as the yield on the benchmark ten-year note closed above 4.6 percent for…
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U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
U.S. stocks tumbled on Friday and the major averages all closed notably lower with the tech-laden Nasdaq suffering a more pronounced loss as yields on 10-Year Treasury Note rose to near 8-month high. The Dow closed down 333.59 points or 0.77 percent at 42,992.21, well off the day’s low of 42,761.56. The S&P 500 (SPI:SP500)…
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Futures Pointing To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move back to the downside after recovering from early weakness to end the previous session roughly flat. After moving to the downside early in the session, stocks regained ground over the course of the trading day on…
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U.S. Stocks Recover From Early Weakness To Close Little Changed
After moving to the downside early in the session, stocks regained ground over the course of the trading day on Thursday. The major averages climbed well off their early lows and spent much of the day lingering near the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow crept up…