Category: Latest News
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U.S. Trade Deficit Soared Much More Than Expected In March
The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February. Economists had expected the trade deficit to…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Extended Pullback On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to an extended pullback on Wall Street on Tuesday, with stocks likely to see further downside after ending Monday’s volatile session mostly lower. Ongoing trade uncertainty may continue to weigh on the markets following recent strength, which saw the S&P…
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U.S. Stocks Finish Volatile Session Mostly Lower, S&P 500 Snaps Nine-Day Winning Streak
Stocks saw considerable volatility over the course of the trading session on Monday before eventually ending the day mostly lower. The major averages recovered from an early slump but once again came under pressure in the latter part of the session. The major averages ended the day off their early lows but still in negative…
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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 Monday, with stocks likely to give back ground after trending higher over the past couple weeks. Profit taking may contribute to initial weakness on Wall Street, as traders cash in on the recent strength in the markets, which has lifted the major…
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US ISM Services PMI for April and $58 Billion Treasury Auction in Focus Today
The Institute for Supply Management is due to release its report on service sector activity in the month of April at 10 am ET. The ISM’s services PMI is expected to edge down to 50.6 in April after falling to 50.8 in March, but a reading above 50 would still indicate growth. At 1 pm…
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Upbeat Jobs Data, Optimism About Trade Talks With China Sparks Rally On Wall Street
Stocks moved sharply higher during trading on Friday, with the major averages reaching their best closing levels in a month. The S&P 500 closed higher for the ninth consecutive session, marking its longest winning streak in over twenty years. The major averages pulled back off their best levels late in the session but still posted…
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U.S. Non-Farm Payroll Employment Shot Up In April
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs. However, the jumps in…
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Dow Jones, S&P, Nasdaq, Trade Talks Optimism, Jobs Report May Lead To Initial Strength On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a notably higher open on Friday, with stocks poised to add to the gains posted in the previous session. Early buying interest may be generated amid indications China is open to trade talks with the U.S., with a spokesperson…
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U.S. Stocks Pull Back Off Best Levels But Close Mostly Higher
After surging early in the session, stocks gave back some ground over the course of the trading day on Thursday but remained mostly higher. The tech-heavy Nasdaq hung on to a standout gain, ending the session at its best closing level in over a month. The major averages moved to the downside going into the…
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U.S. First-Time Unemployment Benefits Up More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week’s revised level of 223,000. Economists had expected jobless claims…