Category: Market Summary

The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to add to the gains posted in the previous session. The futures edged higher following the release of closely watched readings on U.S. consumer price inflation in the month of August. The Commerce Department said its personal…

Following the pullback seen in the previous session, stocks moved back to the upside during trading on Thursday. The major averages gave back ground after an early rally but managed to end the day firmly into positive territory. The S&P 500 (SPI:SP500) rose 23.11 points or 0.4 percent to a new record closing high of…

Micron May Help Lead Early Rally On Wall Street US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the pullback seen in the previous session. Technology stocks may help lead an early rally on Wall Street, as reflected…

U.S. stocks closed weak on Wednesday amid uncertainty about the near-term outlook following recent gains that lifted the two of the major averages – the Dow and the S&P 500 – to record highs. Investors digested the latest set of economic data and assessed the central bank’s rate cut trajectory. The Dow (DOWI:DJI) ended down…

The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground following the upward seen in the previous session. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the recent strength in the markets. Following…

U.S. stocks closed higher on Tuesday after a somewhat choppy ride, and the S&P 500 hit a fresh record high, as investors made largely cautious moves while awaiting more data for directional cues. The Dow, which kept moving in and out of positive territory, ended with a gain of 83.57 points or 0.2 percent at…

Visa (NYSE:V) – The US Department of Justice is suing Visa, accusing the company of illegally monopolizing the debit card market. The lawsuit, which will take place in federal court, is based on the company’s anti-competitive behavior. The investigation began in 2021 to determine whether Visa prevents competition. Shares fell 1.8% in pre-market trading after…

U.S. stocks closed higher on Monday and the Dow and S&P 500 posted record highs, although the gains were just marginal, as investors largely made cautious moves ahead of some crucial economic data and Fed speeches. Reports on durable goods orders, new home sales and consumer confidence are likely to attract attention along with a…

Intel (NASDAQ:INTC), Apollo Global Management (NYSE:APO), Qualcomm (NASDAQ:QCOM) – Apollo Global Management has reportedly offered up to $5 billion to invest in Intel, according to Bloomberg. The negotiations are in the early stages and could change or fall apart. In addition, Qualcomm is in preliminary talks to acquire Intel, aiming to reshape the chip sector,…

Stocks moved mostly lower early in the session on Friday but regained ground over the course of the trading day. The major averages climbed well off their worst levels of the day before eventually closing narrowly mixed. While the Dow (DOWI:DJI) inched up 38.17 points or 0.1 percent to a new record closing high of…