Category: Latest News
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Lyft, Robinhood Shares Strong
Shares of Lyft (NASDAQ:LYFT) are soaring in pre-market trading after the ride-hailing company reported better than expected fourth quarter results and provided upbeat guidance. Investing platform Robinhood (NASDAQ:HOOD) is also seeing significant pre-market strength after reporting fourth quarter results that exceeded analyst estimates on both the top and bottom lines. On the other hand, shares…
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Oil Inventories Report Due
At 10:30 am ET, the Energy Information Administration is scheduled to release its report on oil inventories in the week ended February 9th. Crude oil inventories are expected to increase by 2.6 million barrels after jumping by 5.5 million barrels in the previous week. Chicago Federal Reserve Bank President Austan Goolsbee is due to participate…
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Traders May See Yesterday’s Sell-Off As Buying Opportunity
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Traders may see the sharp pullback during Tuesday’s session as a buying opportunity amid ongoing optimism about the outlook for the markets. While yesterday’s inflation data further…
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U.S. Stocks Move Sharply Lower On Hotter-Than-Expected Inflation Data
Stocks moved sharply lower during trading on Tuesday, with the major averages all showing significant moves to the downside after ending Monday’s trading narrowly mixed. The Dow pulled back well off yesterday’s record closing highs. The major averages climbed off their worst levels going into the close but still posted steep losses on the day.…
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U.S. Consumer Prices Up More Than Expected
A highly anticipated report released by the Labor Department on Tuesday showed consumer prices in the U.S. increased by slightly more than expected in the month of January. The Labor Department said its consumer price index rose by 0.3 percent in January after inching up by 0.2 percent in December. Economists had expected consumer prices…
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Hotter-Than-Expected Inflation Data Likely To Weigh On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Tuesday, with stocks likely to come under pressure after ending the previous session narrowly mixed. The futures showed a significant move to the downside following the release of a highly anticipated Labor Department report showing consumer prices in the U.S. increased…
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Dow Reaches New Record Closing High But Nasdaq, S&P 500 Give Back Ground
Stocks showed a lack of direction over the course of the trading session, with the major averages bouncing back and forth across the unchanged before eventually closing narrowly mixed. The Nasdaq and the S&P 500 had been poised to set new record closing highs but pulled back into negative territory in afternoon trading. While the…
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Teva Pharmaceutical, Urban Outfitters Upgraded
Shares of Teva Pharmaceutical (NYSE:TEVA) are seeing significant pre-market strength after Piper Sandler upgraded its rating on the pharmaceutical company to Overweight from Neutral. Retailer Urban Outfitters (NASDAQ:URBN) may also move to the upside after UBS upgraded its rating on the company’s stock to Neutral from Sell. On the other hand, shares of Big Lot…
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Futures Pointing To Roughly Flat Open On Wall Street
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 trending higher over the past several sessions. Traders may take a breather following the recent strength on Wall Street, which lifted the S&P 500 to a new record closing high…
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S&P 500 Closes Above 5,000 As Tech Stocks Rally
With technology stocks leading the charge, stocks moved mostly higher over the course of the trading session on Friday. The major averages extended a recent upward trend, with the S&P 500 closing above 5,000 for the first time ever. The tech-heavy Nasdaq posted a standout gain, surging 196.95 points or 1.3 percent to 15,990.66 and…