Category: Market Summary
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U.S. Stocks Close Sharply Lower On Growth Worries; Nasdaq Tumbles 4 Percent
U.S. stocks tumbled on Monday and the major averages all closed sharply lower, with the tech-laden Nasdaq recording a more pronounced losses. Uncertainty about President Donald Trump’s tariff moves, fears of a recession in the world’s largest economy, and weak global growth outlook weighed on investor sentiment. In a Fox News interview on Sunday, U.S.…
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Recession Worries May Lead To Initial Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Monday, with stocks likely to move back to the downside after ending last Friday’s highly volatile session mostly higher. Concerns about the impact of President Donald Trump’s tariff policies may continue to weigh on Wall Street amid increasing worries the U.S.…
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U.S. Stocks Finish Volatile Session Mostly Higher But Post Steep Weekly Losses
Stocks saw significant volatility over the course of the trading session on Friday, as the major averages swung back and forth across the unchanged line before eventually closing firmly positive. The major averages came under pressure after initially showing a lack of direction, with the Nasdaq and the S&P 500 hitting five-month intraday lows before…
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U.S. Stocks May Regain Ground Following Monthly Jobs Data
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session. The futures advanced following the release of a closely watched Labor Department report showing employment in the U.S. increased by slightly less than expected in the month…
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Tariff Uncertainty Contributes To Sell-Off On Wall Street
After recovering from early weakness to end the previous session sharply higher, stocks showed a substantial move back to the downside during trading on Thursday. With the steep drops on the day, the Nasdaq and the S&P 500 tumbled to five and four-month closing lows, respectively. The major averages moved roughly sideways going into the…
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Lingering Tariff Concerns May Spark Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a notably lower open on Thursday, with stocks likely to move back to the downside after recovering from early weakness to end the previous session sharply higher. Ongoing concerns about the economic impact of President Donald Trump’s new tariffs on Canada, Mexico and China may lead…
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U.S. Stocks Recover From Early Weakness To Close Sharply Higher
Stocks showed a significant turnaround over the course of the trading session on Wednesday, recovering from early weakness to end the day sharply higher. With the rebound, the major averages regained some ground after moving substantially lower over the past several sessions. The major averages pulled back off their best levels going into the close…
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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 Wednesday, with stocks likely to show a lack of direction after moving sharply lower in recent sessions. The futures had been pointing an initial rebound on Wall Street but gave back ground following the release of a report from payroll processor…
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U.S. Stocks Close Mostly Lower As Recovery Attempt Evaporates
After moving sharply lower early in the session, stocks staged a valiant recovery attempt over the course of the trading day on Tuesday only to once again come under pressure going into the close. The tech-heavy Nasdaq ended the day down 65.03 points or 0.4 percent at 18,285.16 after plunging by as much as 2.1…
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Trade War Concerns Likely To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside after coming under pressure over the course of the previous session. Concerns about a global trade war are likely to weigh on Wall Street after President Donald Trump’s tariffs on imports from Canada, Mexico…