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U.S. Stocks Close Higher Following Late-Day Volatility
After moving mostly lower over the two previous sessions, stocks saw considerable volatility over the course of the trading day on Wednesday. The major averages swung back and forth across the unchanged, particularly in the latter part of the session. The major averages eventually ended the day in positive territory. The Dow advanced 284.97 points…
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Dow Jones, S&P, Nasdaq, News Of U.S.-China Talks May Lead To Initial Strength On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside following the pullback seen over the two previous sessions. The futures advanced following news that Treasury Secretary Scott Bessent will meet with China’s lead representative…
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Ongoing Trade Uncertainty Contributes To Extended Pullback On Wall Street
After ending Monday’s volatile session mostly lower, stocks saw continued weakness during trading on Tuesday. The major averages all moved to the downside on the day, pulling back further off last Friday’s one-month closing highs. The major averages finished the day firmly in negative territory. The Dow slumped 389.83 points or 1.0 percent to 40,829.00,…
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U.S. Trade Deficit Soared Much More Than Expected In March
The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February. Economists had expected the trade deficit to…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Extended Pullback On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to an extended pullback on Wall Street on Tuesday, with stocks likely to see further downside after ending Monday’s volatile session mostly lower. Ongoing trade uncertainty may continue to weigh on the markets following recent strength, which saw the S&P…
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U.S. Stocks Finish Volatile Session Mostly Lower, S&P 500 Snaps Nine-Day Winning Streak
Stocks saw considerable volatility over the course of the trading session on Monday before eventually ending the day mostly lower. The major averages recovered from an early slump but once again came under pressure in the latter part of the session. The major averages ended the day off their early lows but still in negative…
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after trending higher over the past couple weeks. Profit taking may contribute to initial weakness on Wall Street, as traders cash in on the recent strength in the markets, which has lifted the major…
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US ISM Services PMI for April and $58 Billion Treasury Auction in Focus Today
The Institute for Supply Management is due to release its report on service sector activity in the month of April at 10 am ET. The ISM’s services PMI is expected to edge down to 50.6 in April after falling to 50.8 in March, but a reading above 50 would still indicate growth. At 1 pm…
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Upbeat Jobs Data, Optimism About Trade Talks With China Sparks Rally On Wall Street
Stocks moved sharply higher during trading on Friday, with the major averages reaching their best closing levels in a month. The S&P 500 closed higher for the ninth consecutive session, marking its longest winning streak in over twenty years. The major averages pulled back off their best levels late in the session but still posted…
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U.S. Non-Farm Payroll Employment Shot Up In April
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs. However, the jumps in…