Category: Latest News
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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…
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U.S. Jobless Claims Dip Slightly as Continuing Claims Hit Two-Year High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended December 21st. The report said initial jobless claims slipped to 219,000, a decrease of 1,000 from the previous week’s unrevised level of 220,000. Economists had expected jobless claims to rise to 224,000.…
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground after moving notably higher over the past few sessions. Traders may look to cash in on the recent strength in the markets, which saw the Nasdaq and the S&P 500 nearly offset the sell-off…
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U.S. Stocks Show Strong Move To The Upside On Christmas Eve
In an abbreviated Christmas Eve session, stocks moved sharply higher over the course of the trading day on Tuesday. The major averages all showed strong moves to the upside, extending the upward move seen over the two previous sessions. The major averages saw further upside going into the close, ending the session at their best…
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U.S. Stocks May Lack Direction During Abbreviated Session
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending the previous session mostly higher. Many traders are likely to be away from their desks ahead of the Christmas Day holiday on Wednesday, leading to below average volume. The…
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U.S. Stocks Add To Last Friday’s Strong Gains In Pre-Holiday Trading
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Monday. The major averages added to the strong gains posted on Friday, further offsetting the sell-off seen last Wednesday. The Nasdaq and the S&P 500 climbed firmly into positive territory as the day…
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Consumer confidence index for December expected to rise to 113.0
The Conference Board is due to release its report on consumer confidence in the month of December at 10 am ET. The consumer confidence index is expected rise to 113.0 in December after climbing to 111.7 in November. At 1 pm ET, the Treasury Department is scheduled to announce the results of this month’s auction…
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Trading Activity May Be Subdued Ahead Of Christmas
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 following the strong upward move seen last Friday. Traders may be reluctant to make significant moves amid what is likely to be a relatively quiet week due to the Christmas Day…
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U.S. Stocks Show Strong Move To The Upside Following Inflation Data
After ending the previous session little changed, stocks moved sharply higher over the course of the trading day on Friday. The major averages recovered from initial weakness and climbed firmly into positive territory as the day progressed. The Dow surged 498.02 points or 1.2 percent to 42,840.26, adding to the slim gain posted in Thursday’s…
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U.S. Consumer Prices and Personal Spending Up Slightly
Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices…