Category: Market Summary
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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…
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Hotter Than Expected Inflation Data May Trigger Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to come under pressure after ending yesterday’s choppy trading session narrowly mixed. The futures plunged following the release of a closely watched Labor Department report showing consumer prices in the U.S. increased by more than expected in…
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U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
Following the rebound seen during Monday’s session, stocks fluctuated over the course of the trading day on Tuesday. The major averages swung back and forth across the unchanged line as the day progressed before eventually closing narrowly mixed. While the Nasdaq fell 70.41 points or 0.4 percent to 19,643.86, the S&P 500 (SPI:SP500) crept up…
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U.S. Stocks May See Early Weakness, Powell Testimony In Focus
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after turning in a strong performance in the previous session. Lingering concerns about a global trade war may weigh on Wall Street after President Donald Trump officially announced tariffs on U.S. steel…
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ChatGPT CEO Rejects Elon Musk-led $97bn Bid
A consortium of investors led by Elon Musk offered $97 billion to take over OpenAI, the maker of ChatGPT, but the offer was rebuffed but CEO Sam Altman. Musk’s attorney, Marc Toberoff, confirm he had submitted a bid to its board for “all assets” of the tech company on Monday. In response, Altman posted on…
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U.S. Stocks Shrug Off Latest Tariff Threats, Close Mostly Higher
After moving mostly higher early in the session, stocks continue to turn in a strong performance throughout the trading day on Monday. With the upward move, the major averages partly offset the steep losses posted last Friday. The major averages moved roughly sideways in afternoon trading, hovering in positive territory. The Nasdaq jumped 190.87 points…
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U.S. Steel and Aluminum Company Shares Rise On Trump’s Tariffs
U.S. President Trump’s announcement on Monday morning that he plans to impost new 25% tariffs on steel and aluminum imports have boosted shares of U.S. producers, but shares of producers overseas fell as traders worried about reduced demand and disrupted flows. American Iron and Steel Institute data shows that Canada is the dominant supplier of…
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Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following the sharp pullback seen last Friday, which came amid concerns about a surge by…
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Gold Prices Hit Record High As New Trump Tariff Announcement Increases Demand For Safe Haven
Gold prices were pushed to record high levels on Monday after U.S. President Trump announced further trade tariffs on imports of aluminum and steel. Spot gold rose 1.1% to a record high $2,892.30 an ounce, while gold futures expiring in April rose 0.9% to $2,916.05 an ounce. On Sunday, Trump announced he will impose 25%…