Category: Market Summary
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U.S. Stocks Add To Last Friday’s Strong Gains In Pre-Holiday Trading
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Monday. The major averages added to the strong gains posted on Friday, further offsetting the sell-off seen last Wednesday. The Nasdaq and the S&P 500 climbed firmly into positive territory as the day…
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Trading Activity May Be Subdued Ahead Of Christmas
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong upward move seen last Friday. Traders may be reluctant to make significant moves amid what is likely to be a relatively quiet week due to the Christmas Day…
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U.S. Stocks Show Strong Move To The Upside Following Inflation Data
After ending the previous session little changed, stocks moved sharply higher over the course of the trading day on Friday. The major averages recovered from initial weakness and climbed firmly into positive territory as the day progressed. The Dow surged 498.02 points or 1.2 percent to 42,840.26, adding to the slim gain posted in Thursday’s…
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Futures Regain Ground Following Inflation Data But Remain Negative
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move to the downside after ending the previous session little changed. Concerns about the outlook for interest rates may continue to weigh on Wall Street following the sell-off seen during trading on Wednesday. The Fed signaled Wednesday…
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U.S. Stocks Close Roughly Flat But Dow Snaps 10-Day Losing Streak
Following the sell-off seen late in the previous session, stocks showed a notable rebound in early trading on Thursday. Buying interest waned over the course of the trading day, however, and the major averages eventually ended the day roughly flat. The Dow managed to snap its ten-day losing streak, inching up 15.37 points or less…
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Bargain Hunting May Contribute To Early Rebound On Wall Street
The major U.S. index futures are currently pointing to a notably higher open on Thursday, with stocks likely to regain some ground following the sell-off seen late in the previous session. Bargain hunting may contribute to early strength on Wall Street, as some traders look to pick up stocks at reduced levels following yesterday’s steep…
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U.S. Stocks Plunge As Fed Forecasts Fewer Rate Cuts Next Year
Stocks saw modest strength early in the session on Wednesday but plummeted in reaction to the Federal Reserve’s monetary policy announcement. The major averages all moved sharply lower on the day, with the Dow extending its losing streak to ten straight sessions. The major averages finished the day near their lows of the session. The…
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Dow May Regain Ground After Longest Losing Streak Since 1978
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Traders may look to pick up stocks at somewhat reduced levels following yesterday’s weakness, which saw the Dow close lower for the ninth consecutive session.…
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Dow Extends Losing Streak To Nine Days, Nasdaq Pulls Back Off Record High
After coming under pressure early in the session, stocks saw continued weakness throughout the trading day on Tuesday. The tech-heavy pulled back off yesterday’s record closing high, while the Dow closed lower for the ninth straight session for the first time since 1978. The major averages climbed off their worst levels going into the close…
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Nasdaq May Give Back Ground, Dow Poised To See Further Downside
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground following the upward move seen in the previous session. Traders may look to cash in on yesterday’s gains, which saw the Nasdaq surge to a new record closing high amid a rally by tech…