Category: Market Summary
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U.S. Stocks Close Mostly Higher On Late-Day Strength
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Monday. With the upward move, the Dow and the S&P 500 set new record closing highs, while the Nasdaq reached its best closing level in two years. The major averages rallied to new…
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Philips Shares Drop 6% as US Sales Halted Following Agreement on Faulty Sleep Apnea Devices, and latest news
Royal Philips NV (NYSE:PHG) – Royal Philips NV has suspended sales of sleep apnea devices and ventilators in the US after reaching an agreement with the US Food and Drug Administration due to quality issues. Philips has set aside 363 million euros in the fourth quarter to cover the costs of the agreement. The company…
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U.S. Close Mixed As Traders Weigh Intel Guidance Against Inflation Data
After trending higher over the past several sessions, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the S&P 500 edged down 3.19 points or 0.1 percent to 4,890.97 and the Nasdaq fell 55.13 points or…
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U.S. Stocks Close Mostly Higher Amid Positive Reaction To Economic Data
Stocks gave back ground after an early advance but rebounded going into the close to end Thursday’s trading mostly higher. The Dow and the S&P 500 once again reached new record closing highs, while the Nasdaq edged up its best closing level in well over two years. The Dow ended the session just off its…
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Wall Street Highlights: Nokia’s Margins Surprise, FAA Halts Boeing Production Expansion, and More
In the pre-market on Thursday, U.S. index futures are showing positive performance, with investors keeping an eye on the fourth-quarter GDP. At 05:45 AM, Dow Jones futures (DOWI:DJI) rose by 102 points, or 0.27%. S&P 500 futures increased by 0.07%, and Nasdaq-100 futures remained stable. The yield on 10-year Treasury bonds stood at 4.157%. In…
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US Futures Mixed, European Stocks Fall Ahead of ECB Rate Decision
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Nokia climbed 6.5% and Netcompany Group rose 6.1%. On the other hand, IG Group…
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U.S. Stocks Pull Back Well Off Highs As Treasury Yields Rebound
Stocks showed a strong move to the upside in early trading on Wednesday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session in afternoon trading, with the Dow sliding into negative territory. The major averages eventually ended the session mixed. While the…
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Wall Street Highlights: eBay Slashes 9% of Workforce, SAP to Reduce 8,000 Positions, and More
In the pre-market on Wednesday, U.S. index futures are showing positive performance, boosted by favorable results presented by Netflix (NASDAQ:NFLX). This optimism also anticipates the financial announcements expected from IBM (NYSE:IBM) and Tesla (NASDAQ:TSLA). At 05:38 AM, the futures of the Dow Jones (DOWI:DJI) rose 49 points, or 0.13%. S&P 500 futures rose 0.41% and…
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US Futures Up, European Stocks Mixed Ahead of Company Earnings and Economic Data
U.S. futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.8% in morning trading. Siemens Energy rose 10.8% and SAP added 7.6%. On the other hand, Alstom…
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S&P 500 Reaches New Record Closing High But Dow Gives Back Ground
Stocks turned in a relatively lackluster performance during trading on Tuesday, with the major averages bouncing back and forth across the unchanged after ending Monday’s trading modestly higher. Despite the choppy trading, the S&P 500 reached a new record closing high. The major averages eventually ended the session narrowly mixed. While the Dow dipped 96.36…