Category: Market Summary
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U.S. Stocks Close Little Changed Following Lackluster Session
After failing to sustain an early move to the upside, stocks showed a lack of direction over the course of the trading session on Friday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. The Dow dipped 86.06 points or 0.2 percent to 43,828.06, closing lower for the…
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Broadcom May Help Lead Early Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after moving mostly lower over the course of the previous session. The tech-heavy Nasdaq is likely to benefit from a surge by shares of Broadcom (NASDAQ:AVGO), as the chipmaker is soaring by 17.5 percent in…
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U.S. Stocks Give Back Ground Following Inflation Data
Stocks recovered from an early pullback during trading on Thursday but moved back to the downside over the course of the session. With the downward move, the Dow closed lower for the sixth consecutive session. The major averages fell to new lows for the session going into the close of trading. The Dow slid 234.44…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground after turning in a strong performance in the previous session. Traders may look to cash in on yesterday’s gains, which saw the tech-heavy Nasdaq surge above 20,000 for the first time ever. Negative sentiment…
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Nasdaq Closes Above 20,000 For The First Time Ever
Stocks moved mostly higher during trading on Wednesday, rebounding strongly following the pullback seen to start the week. The tech-heavy Nasdaq showed a particularly strong upward move, closing above 20,000 for the first time. The Nasdaq surged 347.65 points or 1.8 percent to a new record closing high of 20,034.89, while the S&P 500 (SPI:SP500)…
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Inflation Data In Line With Estimates May Lead To Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground after moving lower over the two previous sessions. The futures advanced following the release of closely watched consumer price inflation data that came in line with economist estimates. The Labor Department said its consumer price…
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U.S. Stocks Move Moderately Lower After Seeing Early Strength
After failing to sustain an early move to the upside, stocks moved moderately lower over the course of the trading session on Tuesday. The major averages added to the losses posted during Monday’s session, with the Nasdaq and the S&P 500 pulling back further off last Friday’s record closing highs. The major averages dipped to…
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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 following the weakness seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of the Labor Department’s closely watched report on consumer price inflation…
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U.S. Stocks Move Mostly Lower, Nasdaq And S&P 500 Pull Back Off Record Highs
After showing a lack of direction early in the session, stocks moved mostly lower over the course of the trading day on Monday. The major averages all moved to the downside, with the Nasdaq and the S&P 500 pulling back off last Friday’s record closing highs. The major averages finished the day firmly in negative…
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Slump By Nvidia May Lead To Pullback By Nasdaq
The major U.S. index futures are currently pointing to a mixed open on Monday, with the Dow futures up by 0.1 percent but the Nasdaq futures down by 0.2 percent. A decrease by shares of Nvidia (NASDAQ:NVDA) may weigh on the Nasdaq, as the AI darling is slumping by 2.1 percent in pre-market trading. The…