Category: Market Summary
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Disappointing Consumer Sentiment Data Contributes To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Friday, extending the pullback seen during Thursday’s session. The major averages all showed significant moves to the downside, with the Dow tumbling to its lowest closing level in a month. The major averages moved roughly sideways going into the close, lingering near their…
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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 Friday, with stocks likely to show a lack of direction following the weakness seen in the previous session. Uncertainty about the outlook for the markets may keep some traders on the sidelines following yesterday’s weakness, which saw the S&P 500 pull…
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U.S. Stocks Climb Off Early Lows But Remain Firmly Negative
After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Thursday. The major averages climbed well off their early lows but remained firmly in negative territory. The S&P 500 (SPI:SP500) fell as much as 1.0 percent in early trading but ended the day more moderately…
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Slump By Walmart May Weigh On Wall Street In Early Trading
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside after moving modestly higher over the two previous sessions. A slump by shares of Walmart (NYSE:WMT) is likely to weigh on Wall Street, as the retail giant is tumbling by 6.6 percent in…
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Gold Prices Hit Record High, Buoyed By Haven Demand On Trump Tariffs
Gold prices briefly hit a record high in Asian trade on Thursday, as threats of more trade tariffs from U.S. President Trump ignited demand for a safe haven. Spot gold rose 0.3% to $2,940.96 an ounce, briefly hitting a record high of $2,947.23 an ounce earlier in the session. Gold futures expiring in April rose…
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S&P 500 Reaches New Record Closing High After Early Pullback
Stocks moved modestly lower early in the session on Wednesday but regained ground over the course of the trading day. The major averages climbed well off their early lows and into positive territory, with the S&P 500 once again reaching a new record closing high. The major averages ended the day modestly higher. The S&P…
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Profit Taking, Tariff Concerns May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to move back to the downside after ending yesterday’s choppy trading session slightly higher. Profit taking may contribute to an initial pullback on Wall Street after yesterday’s slim gains lifted the S&P 500 to a new record…
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S&P 500 Finishes Choppy Trading Day At Record Closing High
Stocks showed a lack of direction throughout much of the trading session on Tuesday, extending the lackluster performance seen during last Friday’s session. The major averages moved to the upside going into end the day, however, with the S&P 500 reaching a new record closing high. The major averages all posted modest gains on the…
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U.S. Stocks May Add To Last Week’s Strong Gains In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside as trading resumes following the Presidents’ Day holiday on Monday. The markets may continue to benefit from the upward momentum seen last week, which lifted the Nasdaq and the S&P 500 back within…
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U.S. Stocks Turn In Mixed Performance But Post Strong Weekly Gains
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually ending the day mixed. While the tech-heavy Nasdaq climbed 81.13 points or 0.4 percent to 20,026.77, the S&P 500 (SPI:SP500) edged down 0.44 points…