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Futures Edge Higher Following Closely Watched Inflation Data
The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to add to the gains posted in the previous session. The futures edged higher following the release of closely watched readings on U.S. consumer price inflation in the month of August. The Commerce Department said its personal…
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U.S. Stocks Move Higher On Micron News, Upbeat Economic Data
Following the pullback seen in the previous session, stocks moved back to the upside during trading on Thursday. The major averages gave back ground after an early rally but managed to end the day firmly into positive territory. The S&P 500 (SPI:SP500) rose 23.11 points or 0.4 percent to a new record closing high of…
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Bitcoin Surges Past $65K, Avalanche Unveils $40M Developer Grants, Celo Soars 38% in One Week
Bitcoin surpasses $65,000 after Fed rate cuts and China news The price of Bitcoin (COIN:BTCUSD) reached a high of $65,632 in the last 24 hours, marking the highest value in almost two months. Priced at $65,380 at the last check, the increase began with the Federal Reserve’s 50 basis-point rate cut and was boosted by…
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Crude Oil Futures Falling, Gold Futures Rising
Crude oil futures are tumbling $1.57 to $68.12 a barrel after plunging $1.87 to $69.69 a barrel on Wednesday. Meanwhile, after rising $7.70 to $2,684.70 an ounce in the previous session, gold futures are climbing $9.90 to $2,694.60 an ounce. On the currency front, the U.S. dollar is trading at 144.53 yen versus the 144.75…
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U.S. Manufactured Durable Goods New Orders Unchanged; First-Time Claims for Unemployment Benefits Unexpectedly Lower
New orders for U.S. manufactured durable goods were virtually unchanged in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said durable goods orders came in flat in August after soaring by 9.9 percent in July. Economists had expected durable goods orders to tumble by 2.6…
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Micron May Help Lead Early Rally On Wall Street
Micron May Help Lead Early Rally On Wall Street US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the pullback seen in the previous session. Technology stocks may help lead an early rally on Wall Street, as reflected…
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Dow, S&P Come Off Record Highs, Close On Weak Note
U.S. stocks closed weak on Wednesday amid uncertainty about the near-term outlook following recent gains that lifted the two of the major averages – the Dow and the S&P 500 – to record highs. Investors digested the latest set of economic data and assessed the central bank’s rate cut trajectory. The Dow (DOWI:DJI) ended down…
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New Home Sales, Crude Oil Inventories Reports Due
The Commerce Department is scheduled to release its report on new home sales in the month of August at 10 am ET. New home sales are expected to decrease to an annual rate of 700,000 in August after surging to a rate of 739,000 in July. At 10:30 am ET, the Energy Information Administration is…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground following the upward seen in the previous session. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the recent strength in the markets. Following…
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U.S. Stocks Close Higher Again; S&P Posts Fresh Record Closing High
U.S. stocks closed higher on Tuesday after a somewhat choppy ride, and the S&P 500 hit a fresh record high, as investors made largely cautious moves while awaiting more data for directional cues. The Dow, which kept moving in and out of positive territory, ended with a gain of 83.57 points or 0.2 percent at…