Category: Market Summary
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Nasdaq Surges To New Record Closing High But Dow Closes Little Changed
After ending the previous session sharply lower, stocks showed a strong move back to the upside during trading on Thursday. Technology stocks led the rebound on Wall Street, with the tech-heavy Nasdaq (NASDAQI:COMP) surging to a new record closing high. The Nasdaq pulled back off its highs of the session going into the close but…
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U.S. Futures Dip Ahead of PPI and Unemployment Claims, Oil Prices Slide
U.S. index futures are down in Thursday’s pre-market trading, extending the decline seen the previous day. This movement comes after the release of a Consumer Price Index (CPI) above expectations, intensifying speculation that the Federal Reserve (Fed) may keep interest rates at high levels for an extended period, while the minutes from the last meeting…
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U.S. Stocks Plunge As Inflation Data Reignites Interest Rate Worries
Stocks moved sharply lower in early trading on Wednesday and continued to see significant weakness throughout the session. The major averages all showed notable moves to the downside, with the Dow falling to its lowest closing level in almost two months. The major averages remained firmly negative going into the close of trading. The Dow…
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Federal Reserve FOMC Meeting Highlights: Navigating Uncertainties in Economic Activity and Inflation
Discussions about uncertainties surrounding the outlook for U.S. economic activity, the labor market, and inflation trends dominated the conversations at the latest Federal Open Market Committee (FOMC) meeting, the monetary policy committee of the Federal Reserve (the American central bank). This information was revealed in the minutes from the meeting held on March 19 and…
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US inflation rises from 3.2% to 3.5% in March
The yearly inflation rate in the United States stood at 3.5% in March, according to the latest report by the Bureau of Labor Statistics on Wednesday. Inflation increased compared to February’s annual rate of 3.2% and exceeded analysts’ predictions. Month-on-month, the consumer price index (CPI) rose by 0.4%. Over half of the increase was attributed…
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U.S. Index Futures Show Mixed Trend Ahead of Key Inflation Data Release, Oil Prices Edge Higher
U.S. index futures are showing a mixed trend in Wednesday’s pre-market trading. Investors are eagerly awaiting fundamental US inflation data, which should provide crucial insights into the Federal Reserve’s future interest rate policy direction. As of 6:31 AM, Dow Jones futures (DOWI:DJI) rose by 37 points, or 0.09%. S&P 500 futures fell by 0.01%, and…
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Nasdaq, S&P 500 Finish Volatile Session Higher But Dow Edges Slightly Lower
Following the lackluster performance seen on Monday, stocks saw considerable volatility over the course of the trading session on Tuesday. The major averages fluctuated as the day progressed, with the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) eventually closing in positive territory. While the Nasdaq rose 52.68 points or 0.3 percent to 16,306.64 and the…
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U.S. Futures Show Mixed Movement, Crude Oil Prices Inch Up
U.S. index futures show mixed movement in pre-market trading this Tuesday, as Wall Street turns its attention to the imminent inflation data and corporate earnings results. At 06:01 AM, Dow Jones futures (DOWI:DJI) fell 11 points, or 0.03%. S&P 500 futures rose 0.07%, and Nasdaq-100 futures gained 0.15%. The yield rate of 10-year Treasury bonds…
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U.S. Stocks Finish Lackluster Session Little Changed
Following the substantial volatility seen over the final two sessions of the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the Nasdaq (NASDAQI:COMP) crept up 5.44 points or less than…
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U.S. Futures Dip Ahead of Key Inflation Data and Q1 Earnings Season Kickoff, Oil Prices Decline
U.S. index futures are slightly down in Monday’s pre-market trading, marking the start of a week that is eagerly awaited due to the announcement of U.S. inflation data, as well as the beginning of the first quarter financial results season. At 06:26 AM, Dow Jones futures (DOWI:DJI) fell 18 points, or 0.05%. S&P 500 futures…