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Dow Jones, S&P, Nasdaq, Worries About Impact Of Tariffs May Lead To Continued Nosedive On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a sharply lower open on Monday, with stocks likely to extend the sell-off seen over the two previous sessions. Concerns about the impact of President Donald Trump’s new tariffs and retaliatory moves by U.S. trade partners are likely to…
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Trade War Concerns Lead To Extended Nosedive On Wall Street
Extending the nosedive seen over the course of the previous session, stocks showed another substantial move to the downside during trading on Friday. With the continued sell-off, the Nasdaq and the S&P 500 plunged to their lowest closing levels in eleven months. The major averages ended the session just off their worst levels of the…
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U.S. Employment Surged More Than Expected In February
A closely watched report released by the Labor Department on Friday showed employment in the U.S. surged by much more than expected in the month of March. The Labor Department said non-farm payroll employment jumped by 228,000 jobs in March after climbing by a downwardly revised 117,000 jobs in February. Economists had expected employment to…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Extended Sell-Off On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a sharply lower open on Friday, with stocks likely to extend the nosedive seen in the previous session. Ongoing concerns about a global trade war are likely to weigh on Wall Street after China announced retaliatory tariff on U.S.…
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Trump’s Tariff Announcement Triggers Nosedive On Wall Street
Stocks plummeted during trading on Thursday amid concerns about a global trade war following President Donald Trump’s tariff announcement. The sell-off dragged the Nasdaq and the S&P 500 down to their lowest levels since last August, while the Dow slumped to a nearly seven-month closing low. The major averages saw further downside going into the…
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U.S. Unemployment Benefit Claims Unexpectedly Down
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 29th. The report said initial jobless claims dipped to 219,000, a decrease of 6,000 from the…
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Dow Jones, S&P, Nasdaq, Trade War Concerns May Spark Early Sell-Off On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a sharply lower open on Thursday, with stocks likely to see an initial sell-off amid concerns about a global trade following President Donald Trump’s tariff announcement. The steep drop by the futures comes after Trump delivered a highly anticipated…
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Trump Tariffs Send Dollar Down As Economic Fears Are Stoked
The dollar (CCOM:DXY) slumped on Thursday morning, dropping 2.1% against a basket of trading partners’ curriencies. This puts it on track for its worst day since 2022. The fall has been caused by fears of lower growth following the sweeping tariffs that President Trump has levied against multiple countries. Franceso Pesole, an FX strategist at…
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U.S. Stocks Recover From Early Slump To Close Higher Ahead Of Tariff Announcement
Stocks once again recovered from an early slump to end Wednesday’s trading mostly higher, adding to the gains posted in the previous session. The major averages climbed well off their lows to end the day firmly in positive territory. The major averages gave back ground in early afternoon trading but moved back to the upside…
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U.S. Private Sector Employment Up More Than Expected In March
Private sector employment in the U.S. increased by more than expected in the month of March, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment jumped by 155,000 jobs in March after climbing by an upwardly revised 84,000 jobs in February. Economists had expected private sector employment to…