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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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First-Time U.S. Unemployment Benefit Claims Fell More Than Expected Last Week
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 1st. The report said initial jobless claims dipped to 221,000, a decrease of 21,000 from the previous week’s unrevised level of…
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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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Private Sector Employment Up Less Than Expected In February
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by much less than expected in the month of February. ADP said private sector employment rose by 77,000 jobs in February after climbing by an upwardly revised 186,000 jobs in January. Economists had expected private sector employment to…
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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…
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U.S. Stocks Move Sharply Lower On Tariff Concerns
After showing a lack of direction early in the session, stocks moved sharply lower over the course of the trading day on Monday. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq plunging to a four-month closing low. The major averages climbed off their worst levels going into the close…
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Tesla, Crypto Exchanges May Lead Early Upward Move On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to extend the surge seen late in last Friday’s session. The markets may benefit from an early upward move by shares of Tesla (NASDAQ:TSLA), as the electric vehicle maker is jumping by 2.9 percent in pre-market trading. The…