Category: Market Summary
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U.S. Stocks Close Little Changed But Dow Extends Winning Streak
Stocks saw modest strength throughout much of the trading session on Tuesday but gave back ground in afternoon trading to end the day little changed. The Dow still managed to close higher for the fifth consecutive session, reaching its best closing level in a month. The major averages ended the day narrowly mixed. While the…
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Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News
Amazon (NASDAQ:AMZN) – Amazon plans to invest $8.88 billion in Singapore over the next four years to expand its cloud infrastructure, bringing its total in the region to over $17.06 billion by 2028. Tesla (NASDAQ:TSLA) – Tesla laid off employees in software, services, and engineering on Monday, as part of the announcement to reduce its…
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U.S. Stocks See Further Upside Amid Renewed Interest Rate Optimism
Stocks showed a strong move to the upside during trading on Monday, extending the rally seen to close out the previous week. With the continued advance, the major averages reached their best closing levels in almost a month. The Nasdaq and the S&P 500 reached new highs for the session going into the close of…
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Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News
Perficient (NASDAQ:PRFT) – After an acquisition agreement with EQT, a Swedish private equity firm, Perficient saw its shares soar 52.9% in pre-market trading to $73.55. EQT offered $76 per share, representing a 58% premium over Perficient’s closing price on Friday of $48.11. Luminar Technologies (NASDAQ:LAZR) – Luminar Technologies faces staff cuts, reducing 20% of its…
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Jobs Data, Apple Earnings Contribute To Extended Rally On Wall Street
Following the rally seen over the course of Thursday’s session, stocks showed another strong move to the upside during trading on Friday. The major averages all moved sharply higher, with the tech-heavy Nasdaq leading the charge. The major averages moved roughly sideways after an early surge, remaining firmly positive. The Dow jumped 450.02 points or…
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Jobs Data, Apple Earnings May Lead To Extended Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Friday, with stocks likely to extend the rally seen over the course of the previous session. The futures surged to new highs following the release of a closely watched Labor Department showing employment in the U.S. increased by much less than…
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U.S. Stocks Rally Amid Easing Worries About Possible Rate Hike
Stocks fluctuated early in the session on Thursday before moving sharply higher over the course of the trading day. The major averages all showed strong moves to the upside after ending Wednesday’s trading narrowly mixed. The major averages pulled back off their best levels going into the close but remained firmly positive. The Dow jumped…
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Easing Worries About Possible Rate Hike May Generate Buying Interest
The major U.S. index futures are currently pointing to a notably higher open on Thursday, with stocks likely to move to the upside as traders continue to digest yesterday’s Federal Reserve announcement. The upward momentum on Wall Street comes amid easing concerns the Fed’s next monetary policy move could actually be an interest rate hike…
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U.S. Stocks Close Mixed Following Post-Fed Volatility
After turning in a lackluster performance for much of the session, stocks saw substantial volatility following the Federal Reserve’s monetary policy announcement Wednesday afternoon. The major averages initially surged in reaction to the Fed announcement but pulled back going into the close. The major averages eventually finished the day mixed. While the Dow rose 87.37…
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Interest Rate Concerns May Continue To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. Concerns about the outlook for interest rates may continue to weigh on the markets ahead of the Federal Reserve’s monetary policy announcement this…