Category: Market Summary
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U.S. Stocks Show Strong Move Back To The Upside On Inflation Data
After moving mostly lower over the two previous sessions, stocks showed a strong move back to the upside during trading on Tuesday. The major averages fluctuated over the course of the session but finished the day firmly in positive territory. The tech-heavy Nasdaq (NASDAQI:COMP) helped lead the way higher on the day, surging 246.36 points…
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Global Markets Await U.S. Inflation Report: Mixed Movements in Pre-Market Trading
In the pre-market trading on Tuesday, U.S. index futures show mixed movements as investors wait for the inflation report that could indicate the direction of the Federal Reserve’s monetary policy. At 06:33 AM, Dow Jones futures (DOWI:DJI) fell 17 points, or 0.04%. S&P 500 futures advanced 0.24%, and Nasdaq-100 futures rose 0.43%. The yield on…
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Options Market Eyes CPI Report Over Fed Rate Decision, Citi Says
In a recent analysis by Citigroup, the spotlight in the financial markets is firmly on the upcoming inflation report rather than the Federal Reserve’s impending interest rate decision. According to the bank’s equity strategists, led by Stuart Kaiser, the S&P 500 Index is expected to experience a significant move of 0.9% in either direction this…
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Dow Posts Modest Gain But Nasdaq, S&P 500 See Further Downside
After coming under pressure over the course of the previous session, stocks saw further downside in early trading on Monday. The major averages regained ground over the course of the trading day, however, with the Dow closing modestly higher. While the Dow (DOWI:DJI) inched up 46.97 points or 0.1 percent to 38,769.66 after falling nearly…
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U.S. Index Futures Dip Ahead of Inflation Data and Oracle’s Earnings; Oil Prices Edge Higher
In Monday’s pre-market trading, U.S. index futures are indicating a downward move, following the worst week for the Dow Jones since October. Investors are keeping an eye on the important inflation data expected this week and the financial results from Oracle, which will be announced after today’s market close. At 06:15 AM, Dow Jones futures…
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Financial Markets Reach New Peaks Amid Rate Cut Expectations and AI Enthusiasm
Financial markets globally have ascended to unprecedented heights this week, buoyed by the sustained excitement around artificial intelligence and growing anticipation of rate cuts by the Federal Reserve and the European Central Bank in June. Jerome Powell’s addresses to Congress initially bolstered these expectations, which were further fueled by Christine Lagarde’s announcement of reduced growth…
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Global Financial Markets Brace for Key Economic Indicators
Financial markets worldwide are gearing up for a crucial week filled with significant economic updates. In the United States, the spotlight will be on the inflation rate, retail sales, producer inflation, the Michigan consumer sentiment index, and industrial production. Across the pond, the UK will focus on its unemployment rate, industrial production, GDP growth for…
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U.S. Stocks Close Firmly In The Red As Early Buying Interest Evaporates
Stocks moved mostly higher in early trading on Friday but showed a notable downturn over the course of the session. The major averages pulled back well off their early highs, with the tech-heavy Nasdaq (NASDAQI:COMP) showing a particularly steep drop. The major averages staged a failed recovery attempt in the latter part of the session,…
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Payroll: US Creates 275,000 Jobs in February, Surpassing Expectations
The US saw a notable addition of 275,000 nonfarm payroll jobs in February, as reported by the Bureau of Labor Statistics on Friday. Although this figure fell short of January’s 353,000 job gains, it exceeded expectations set by analysts. Analysts’ estimates, according to the LSEG consensus, were for the creation of 200,000 jobs in the…
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U.S. Index Futures Fluctuate Ahead of Key Jobs Report; Oil Prices Dip
In the pre-market trading on Friday, U.S. index futures showed an uncertain trend, following the day when the S&P 500 marked its 16th annual record. Investors are on hold for the February jobs report, eager for new data that could reveal the current state of the American labor market. At 05:47 AM, the Dow Jones…