Category: Market Summary
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U.S. Stocks Move Sharply Lower On Interest Rate Concerns
After coming under pressure late in Thursday’s session, stocks showed a more substantial move to the downside during trading on Friday. The major averages all moved sharply lower on the day, pulling back well off Monday’s record closing highs. The major averages climbed off their worst levels in late-day trading but remained firmly negative. The…
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Futures Pointing To Further Downside On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to see further downside after coming under pressure late in the previous session. Concerns about the outlook for interest rates may continue to weigh on Wall Street following Federal Reserve Chair Powell’s remarks on Thursday suggesting the central…
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U.S. Stocks Move To The Downside Following Powell Remarks
After showing a lack of direction for much of the session, stocks came under pressure in the latter part of the trading day on Thursday. The major averages slid more firmly into negative territory after spending most of the day bouncing back and forth across the unchanged line. The major averages ended the day just…
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Interest Rate Uncertainty May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may be reluctant to make significant moves as they digest the latest U.S. economic data and look ahead to a speech by Federal Reserve Chair Jerome…
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U.S. Stocks Finish Choppy Trading Day Little Changed
Stocks showed a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line following the pullback seen in the previous session. The major averages eventually ended the day narrowly mixed. While the tech-heavy Nasdaq dipped 50.66 points or 0.3 percent to…
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Tame Inflation Data May Lead To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to regain ground following the pullback seen in the previous session. The futures edged higher after the Labor Department released closely watched consumer price inflation data that came in line with economist estimates. The Labor Department said…
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U.S. Stocks Pull Back Off Record Highs Ahead Of Inflation Data
Following the strong upward move seen in reaction to last week’s last elections, stocks gave back ground during trading on Tuesday. The major averages fluctuated over the course of the trading session before eventually closing in negative territory. The Dow underperformed its counterparts, slumping 382.15 points or 0.9 percent to 43,910.98. The S&P 500 (SPI:SP500)…
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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 after moving notably higher over the past several sessions. Traders may take a breather to assess the recent rally on Wall Street, which has lifted the major averages to new record…
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Dow, S&P 500 Post New Closing Highs; Nasdaq Settles Flat
U.S. stocks closed on a firm note on Monday, lifting the Dow and the S&P 500 to new record highs, even as the Nasdaq settled flat with technology stocks turning in a subdued performance. Investors remained optimistic that Donald Trump’s policies such as tax reductions and deregulation will help boost corporate earnings. The volume of…
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Tesla Rises 5% Pre-Market After Surpassing $1T Market Value; U.S. Bans TSMC From Selling Advanced Chips to China
Tesla (NASDAQ:TSLA) – On Friday, Tesla’s market capitalization surpassed $1 trillion following Donald Trump’s election, anticipated to support CEO Elon Musk’s business ventures, as he was a campaign supporter. Tesla closed last week with a 29% cumulative gain, with shares rising 5.2% pre-market after an 8.2% gain on Friday. Taiwan Semiconductor Manufacturing Co (NYSE:TSM) –…