Category: Market Summary
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Profit Taking, Tariff Concerns May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to move back to the downside after ending yesterday’s choppy trading session slightly higher. Profit taking may contribute to an initial pullback on Wall Street after yesterday’s slim gains lifted the S&P 500 to a new record…
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S&P 500 Finishes Choppy Trading Day At Record Closing High
Stocks showed a lack of direction throughout much of the trading session on Tuesday, extending the lackluster performance seen during last Friday’s session. The major averages moved to the upside going into end the day, however, with the S&P 500 reaching a new record closing high. The major averages all posted modest gains on the…
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U.S. Stocks May Add To Last Week’s Strong Gains In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside as trading resumes following the Presidents’ Day holiday on Monday. The markets may continue to benefit from the upward momentum seen last week, which lifted the Nasdaq and the S&P 500 back within…
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U.S. Stocks Turn In Mixed Performance But Post Strong Weekly Gains
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually ending the day mixed. While the tech-heavy Nasdaq climbed 81.13 points or 0.4 percent to 20,026.77, the S&P 500 (SPI:SP500) edged down 0.44 points…
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Futures Pointing To Modest Pullback On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Friday, with stocks likely to give back ground following the rally seen in the previous session. Traders may look to cash in on yesterday’s surge, which saw the S&P 500 end the day just shy of its record closing high. Concerns…
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Tesla Has ‘Very Poor’ January, Losing Share Worldwide, Says UBS
Electric car manufacturer Tesla (NASDAW:TSLA) has had a bad start to the year, losing market share across key regions, according to a note from USB. The bank said on Friday that the company’s European sales plunged 51% year on year, making it the “biggest loser” in the region. Chinese retail sales also dropped 15% year…
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GameStop Shares Jump 7.7% As Company Considers Investing In Bitcoin And Other Crypto
Meme stock GameStop (NYSE:GME) is considering investing in Bitcoin and other cryptocurrencies, a report in CNBC says. It cites sources familiar with the matter, and says it is a result of GameStop’s move to diversify its assets. The company’s share price rocketed 7.7% in after hours trading on Thursday, showing investors approval of this potential…
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U.S. Stocks Rally Even As Producer Prices Rise More Than Expected
Stocks moved sharply higher over the course of the trading day on Thursday, extending the significant recovery from the sell-off seen early in Wednesday’s session. The major averages all showed strong moves to the upside, with the tech-heavy Nasdaq leading the charge. The major averages saw continued strength going into the close, ending the day…
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Optimism About Ukraine Peace Deal May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to extend the recovery from the sell-off seen early in the previous session. The markets may benefit from optimism about a possible peace deal between Russia and Ukraine following comments from President Donald Trump. Trump said he…
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U.S. Stocks Regain Ground After Early Sell-Off, Nasdaq Closes Slightly Higher
After moving sharply lower early in the session, stocks showed a notable recovery attempt over the course of the trading day on Wednesday. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq inched up 6.09 points or less than a tenth of a…