Category: Market Summary
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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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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)…
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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 Tuesday, with stocks likely to show a lack of direction after moving notably higher over the past several sessions. Traders may take a breather to assess the recent rally on Wall Street, which has lifted the major averages to new record…
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Dow, S&P 500 Post New Closing Highs; Nasdaq Settles Flat
U.S. stocks closed on a firm note on Monday, lifting the Dow and the S&P 500 to new record highs, even as the Nasdaq settled flat with technology stocks turning in a subdued performance. Investors remained optimistic that Donald Trump’s policies such as tax reductions and deregulation will help boost corporate earnings. The volume of…
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Tesla Rises 5% Pre-Market After Surpassing $1T Market Value; U.S. Bans TSMC From Selling Advanced Chips to China
Tesla (NASDAQ:TSLA) – On Friday, Tesla’s market capitalization surpassed $1 trillion following Donald Trump’s election, anticipated to support CEO Elon Musk’s business ventures, as he was a campaign supporter. Tesla closed last week with a 29% cumulative gain, with shares rising 5.2% pre-market after an 8.2% gain on Friday. Taiwan Semiconductor Manufacturing Co (NYSE:TSM) –…
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Bitcoin All-Time High – Cryptocurrency Races Past $81,500
Bitcoin’s (COIN:BTCUSD) price has risen above $80,000 for the first time, buoyed by the result of last week’s U.S. election which saw a decisive victory for Donald Trump. Other cryptocurrencies have also risen, including dogecoin (COIN:DOGEUSD) which Trump supporter Elon Musk has promoted. Trump is pro-cryptocurrency, and while on the campaign trail he promised to…
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U.S. Stocks See Further Upside, Reaching New Record Highs
Extending the substantial rally seen over the past few sessions, stocks moved mostly higher over the course of the trading day on Friday. With the continued upward move, the major averages all reached new record closing highs. The major averages pulled back off their best levels going into the close but remained in positive territory.…
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U.S. Stocks May Lack Direction Following Recent Strength
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 after moving sharply higher over the past few sessions. Traders may take a breather following the recent surge on Wall Street, which has lifted the major averages to new record highs.…
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Nasdaq, S&P 500 Reach New Record Closing Highs, Dow Ends Nearly Unchanged
After moving sharply higher over the two previous sessions, stocks showed another strong move to the upside during trading on Thursday. With the continued advance, the Nasdaq and the S&P 500 reached new record closing highs. The tech-heavy Nasdaq led the charge, surging by 285.99 points or 1.5 percent to 19,269.46, while the S&P 500…