Category: Latest News
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U.S. Stocks Turn In Mixed Performance; Nasdaq Climbs To Record High
U.S. stocks are turning in a mixed performance on Monday with investors making cautious moves as they await a slew of crucial economic data, including reports on private sector and non-farm payroll employment, service sector activity and a reading on consumer sentiment. Among the major averages, the tech-laden Nasdaq climbed to a record high, and…
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U.S. Stocks May Show A Lack Of Direction In Early Trading
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction after turning in a strong performance last week. Traders may be reluctant to make significant moves as they look ahead to the release of the Labor Department’s closely watched monthly jobs…
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U.S. Stocks Finish Abbreviated Session Mostly Higher
Following the pullback seen during Wednesday’s session, stocks moved back to the upside on Friday as trading resumed following the Thanksgiving Day holiday on Thursday. With the rebound, the major averages more than offset the previous session’s losses, lifting the Dow and the S&P 500 to new record closing highs. The major averages pulled back…
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Futures Pointing To Modestly Higher Open On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to move back to the upside following the pullback seen during trading on Wednesday. Traders may look to pick up stocks at somewhat reduced levels following the weakness seen in the previous session, which pulled the Dow…
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Dow, S&P 500 Pull Back Off Record Highs As Tech Stocks Slump
After trending higher over the past several sessions, stocks gave back some ground during trading on Wednesday. The tech-heavy Nasdaq led the way lower, while the Dow and the S&P 500 pulled back off Tuesday’s record closing highs. The Nasdaq climbed well off its worst levels of the day but still closed down 115.10 points…
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Dell, Workday Under Pressure; Urban Outfitters Strong
Shares of Dell Technologies (NYSE:DELL) are moving sharply lower in pre-market trading after the PC maker reported fiscal third quarter earnings that exceeded estimates but provided disappointing fiscal fourth quarter guidance. Human resources software company Workday (NASDAQ:WDAY) may also come under pressure after reporting better than expected fiscal third quarter results but forecasting fiscal fourth…
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Looming Inflation Data May Lead To Choppy Early 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 after moving mostly higher over the course of the previous session. Traders may be reluctant to make significant moves ahead of the release of the Federal Reserve’s preferred readings on consumer…
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First-Time Unemployment Benefit Claims Unexpectedly Lower; Manufactured Durable Goods Up Less Than Expected
A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous week’s revised level of 215,000. Economists had expected jobless claims to rise to…
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Dow Recovers From Early Weakness To Reach New Record Closing High
After turning in a mixed performance early in the session, the major U.S. stock indexes all moved to the upside over the course of the trading day on Tuesday. The Dow recovered from early weakness to end the day at another new record closing high. The Dow fell by as much as 0.7 percent in…
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Home Prices and Sales, Consumer Confidence Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of September at 9 am ET. At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of November. The consumer confidence index is expected to climb to…