Category: Market Summary
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Economic Worries May Lead To Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Concerns about the outlook for the U.S. economy may weigh on the markets following yesterday’s disappointing manufacturing data. While economic weakness could prompt the…
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U.S. Stocks Close On Mixed Note
After a positive start and a subsequent retreat that resulted in a fairly long spell in negative territory on Monday, U.S. stocks recovered in afternoon trades and ended the day’s session on a mixed note. The Nasdaq (NASDAQI:COMP) outperformed, settling at 16,828.67 with a gain of 93.65 points or 0.56 percent. The S&P 500 (SPI:SP500)…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move to the upside following a weak performance last week. After turning in a mixed performance throughout much of the session, the major U.S. stock indexes all rallied going into the close of trading on Friday. The…
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Late-Day Rally Leads To Higher Close For Dow, S&P 500; Nasdaq Ends Little Changed
After turning in a mixed performance throughout much of the session, the major U.S. stock indexes all rallied going into the close of trading on Friday. The Dow (DOWI:DJI) showed a substantial move to the upside, bouncing off its lowest closing level in almost a month. The Dow surged 574.84 points or 1.5 percent to…
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DJT Stock Falls 6% Post-Trump Conviction; UBS Restructures Senior Management for CEO Succession and More News
Trump Media & Technology Group (NASDAQ:DJT) – Trump Media & Technology Group’s stocks fell by 6.1% in pre-market trading after Donald Trump’s conviction for falsifying documents to silence a porn star before the 2016 elections. Sentencing is scheduled for July 11. UBS Group (NYSE:UBS) – UBS has reshuffled its senior management, splitting the wealth management…
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Trump Media Shares Drop Following Donald Trump Conviction
Shares in Trump Media & Technology Group (NASDAQ:DJT) fell 6.5% on Thursday following the result of the New York trial in which the former president was found guilty of falsifying documents to cover up a hush money payment to a porn star. The company, which is majority owned by Trump and is the parent of…
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U.S. Stocks Slump Ahead Of Inflation Data, Salesforce Weighs On Dow
After ending Wednesday’s session mostly lower, stock saw further downside during trading on Thursday. The major averages all finished the day firmly in negative territory, with the Dow once again falling to its lowest closing level in almost a month. The Nasdaq and the S&P 500 fell to new lows for the session late in…
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Dow Likely To See Further Downside Amid Steep Drop By Salesforce
The major U.S. index futures are currently pointing to a lower open on Thursday, with the Dow futures showing a notable move to the downside. A steep drop by shares of Salesforce (NYSE:CRM) is likely to weigh on the Dow, as the cloud-based software company is plunging by 16.5 percent in pre-market trading. Salesforce is…
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Rising Treasury Yields Contribute To Weakness On Wall Street
Following the mixed performance seen during Tuesday’s session, the major U.S. stock indexes all moved to the downside during trading on Wednesday. The Dow showed a notable decline, falling to its lowest closing level in almost a month. The major averages all finished the day firmly in negative territory. The Dow (DOWI:DJI) slumped 411.32 points…
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Robinhood Shares Surge 3.3% on Stock Buyback Announcement; Anglo Declines BHP Deadline Extension, and More News
Robinhood Markets (NASDAQ:HOOD) – Robinhood has launched a $1 billion share buyback program, reflecting confidence in the company. The program is expected to be executed over two to three years, starting in the third quarter of 2024, subject to market conditions. Robinhood’s shares rose 3.3% in pre-market trading. Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL) – Nvidia’s shares…