Category: Latest News
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U.S. Retail Sales Up Slightly More Than Expected
Partly reflecting a jump in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by slightly more than expected in the month of October. The Commerce Department said retail sales rose by 0.4 percent in October after growing by an upwardly revised…
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Futures Pointing To Further Downside On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to see further downside after coming under pressure late in the previous session. Concerns about the outlook for interest rates may continue to weigh on Wall Street following Federal Reserve Chair Powell’s remarks on Thursday suggesting the central…
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U.S. Stocks Move To The Downside Following Powell Remarks
After showing a lack of direction for much of the session, stocks came under pressure in the latter part of the trading day on Thursday. The major averages slid more firmly into negative territory after spending most of the day bouncing back and forth across the unchanged line. The major averages ended the day just…
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Dogecoin Price Zooms On Election Result
The “Trump Bump” which has seen Bitcoin and other cryptocurrencies soar following the U.S. presidential election has been apparent in the world of memecoins, which are displaying market exuberance. Memecoins have no utility in the real world, and are entirely driven by sentiment. They are currently delivering enormous returns. One cryptocurrency which has benefited from…
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First-Time U.S. Unemployment Benefit Claims Down Unexpectedly
First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 217,000, a decrease of 4,000 from the previous week’s unrevised level of 221,000. Economists had expected jobless claims to inch up…
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Interest Rate Uncertainty May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may be reluctant to make significant moves as they digest the latest U.S. economic data and look ahead to a speech by Federal Reserve Chair Jerome…
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U.S. Stocks Finish Choppy Trading Day Little Changed
Stocks showed a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line following the pullback seen in the previous session. The major averages eventually ended the day narrowly mixed. While the tech-heavy Nasdaq dipped 50.66 points or 0.3 percent to…
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U.S. Consumer Prices Rose As Expected
A closely watched report released by the Labor Department on Wednesday showed consumer prices in the U.S. rose in line with economist estimates in the month of October. The Labor Department said its consumer price index crept up by 0.2 percent in October, matching the upticks seen in each of the three previous months as…
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Tame Inflation Data May Lead To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to regain ground following the pullback seen in the previous session. The futures edged higher after the Labor Department released closely watched consumer price inflation data that came in line with economist estimates. The Labor Department said…
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U.S. Stocks Pull Back Off Record Highs Ahead Of Inflation Data
Following the strong upward move seen in reaction to last week’s last elections, stocks gave back ground during trading on Tuesday. The major averages fluctuated over the course of the trading session before eventually closing in negative territory. The Dow underperformed its counterparts, slumping 382.15 points or 0.9 percent to 43,910.98. The S&P 500 (SPI:SP500)…