Category: Latest News
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Nvidia, Economic Worries May Continue To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. A continued decrease by shares of Nvidia (NASDAQ:NVDA) may weigh on Wall Street, as the AI darling is slumping by 1.6 percent in…
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U.S. Index Futures Fall Amid Market Volatility; Oil Prices Drop on Libya Dispute, Weak Global Demand
U.S. index futures fell in premarket trading on Wednesday, following a steep decline the day before. With September historically weak for stocks, investors anticipate volatility and potential buying opportunities. At 5:01 AM, Dow Jones futures (DOWI:DJI) dropped 89 points, or 0.22%. S&P 500 futures lost 0.36%, and Nasdaq-100 futures fell 0.53%. The 10-year Treasury yield…
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Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings
Nvidia (NASDAQ:NVDA) – Nvidia’s stock closed down 9.5% on Tuesday, leading to a $279 billion loss in market value due to fading optimism over AI following weak economic data. Historically, September has been tough for Nvidia, and this year is no exception. The stock has already dropped 20% from its all-time high. However, performance tends…
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Renewed Economic Concerns Contribute To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Tuesday, with the major averages more than offsetting the strong gains posted last Friday. With the steep drop, the Dow pulled back well off the record closing high set in the previous session. The major averages climbed off their worst levels going into…
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U.S. Steel Shows Weakness, Boeing Under Pressure, Unity Software Should Show Initial Strength
Shares of U.S. Steel (NYSE:X) are seeing significant pre-market weakness after Vice President Kamala Harris express opposition to the sale of the steel producer to Japan’s Nippon Steel. Aerospace giant Boeing (NYSE:BA) may also come under pressure after Wells Fargo downgraded its rating on the company’s stock to Underweight from Equal Weight. On the other…
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Manufacturing Sector Activity Report Due
The Institute for Supply Management is scheduled to release its report on activity in the manufacturing sector in the month of August at 10 am ET. The ISM’s manufacturing index is expected to tick up to 47.5 in August after falling to 46.8 in July, but a reading below 50 would still indicate contraction. Also…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending last Friday’s trading sharply higher. Traders may look to cash in on the previous session’s gains amid lingering uncertainty about the outlook for interest rates. The Federal Reserve is almost universally expected…
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U.S. Stocks Fluctuate Before Closing Sharply Higher
Stocks fluctuated over the course of the trading session on Friday before eventually ending day sharply higher. The Dow closed higher for the fifth time in the past six sessions, reaching a new record closing high. The major averages reached new highs for the session going into the close of trading. The Nasdaq surged 197.19…
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U.S. Consumer Prices Increased As Expected
A highly anticipated report released by the Commerce Department on Friday showed U.S. consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching…
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Positive Reaction To Inflation Data May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday after the Commerce Department released readings on U.S. consumer price inflation that are said to be preferred by the Federal Reserve. The report showed consumer prices increased in line with economist estimates in the month of July, while the annual rate…