Category: Market Summary
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Looming Jobs Report 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 show a lack of direction after climbing to new record highs in the previous session. Traders may be reluctant to make significant moves ahead of the release of the Labor Department’s closely watched monthly jobs report…
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Bitcoin Crashes Through The $100,000 Barrier
Bitcoin’s (COIN:BTCUSD) price rose over $100,000 for the first time as its recent bull run continued. The cryptocurrency has been boosted by Donald Trump’s victory in the recent U.S. election. It is currently at $102,717. Trump supports cryptocurrency, and he has pledged to make the U.S. “the crypto capital of the planet.” Crypto enthusiasts have…
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Dow Closes Above 45,000 For First Time, Nasdaq And S&P 500 Also Set Record Highs
Following the lackluster performance seen in the previous session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all climbed to new record closing highs after ending mixed for two straight days. The tech-heavy Nasdaq led the way higher, jumping by 254.21 points or 1.3 percent to 19,735.16.…
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Dow May Regain Ground Amid Surge By Salesforce
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. The Dow is likely to regain ground after closing lower in the two previous sessions amid a surge by shares of Salesforce (CRM). Salesforce…
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Nasdaq, S&P 500 Finish Choppy Trading Day At New Record Highs
Following the mixed performance seen during Monday’s session, stocks showed a lack of direction over the course of the trading day on Tuesday. Despite the choppy trading, the Nasdaq and the S&P 500 once again reached new record closing highs. The major averages eventually ended the day mixed. While the Dow dipped 76.47 points or…
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U.S. Stocks Turn In Mixed Performance; Nasdaq Climbs To Record High
U.S. stocks are turning in a mixed performance on Monday with investors making cautious moves as they await a slew of crucial economic data, including reports on private sector and non-farm payroll employment, service sector activity and a reading on consumer sentiment. Among the major averages, the tech-laden Nasdaq climbed to a record high, and…
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U.S. Stocks May Show A Lack Of Direction In Early Trading
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 after turning in a strong performance last week. Traders may be reluctant to make significant moves as they look ahead to the release of the Labor Department’s closely watched monthly jobs…
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U.S. Stocks Finish Abbreviated Session Mostly Higher
Following the pullback seen during Wednesday’s session, stocks moved back to the upside on Friday as trading resumed following the Thanksgiving Day holiday on Thursday. With the rebound, the major averages more than offset the previous session’s losses, lifting the Dow and the S&P 500 to new record closing highs. The major averages pulled back…
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Futures Pointing To Modestly Higher Open On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to move back to the upside following the pullback seen during trading on Wednesday. Traders may look to pick up stocks at somewhat reduced levels following the weakness seen in the previous session, which pulled the Dow…
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Dow, S&P 500 Pull Back Off Record Highs As Tech Stocks Slump
After trending higher over the past several sessions, stocks gave back some ground during trading on Wednesday. The tech-heavy Nasdaq led the way lower, while the Dow and the S&P 500 pulled back off Tuesday’s record closing highs. The Nasdaq climbed well off its worst levels of the day but still closed down 115.10 points…