ADVFN US – Market Content Editor
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Nasdaq Closes Above 20,000 For The First Time Ever
Stocks moved mostly higher during trading on Wednesday, rebounding strongly following the pullback seen to start the week. The tech-heavy Nasdaq showed a particularly strong upward move, closing above 20,000 for the first time. The Nasdaq surged 347.65 points or 1.8 percent to a new record closing high of 20,034.89, while the S&P 500 (SPI:SP500)…
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U.S. Consumer Prices Rose As Expected
The Labor Department released a closely watched report on Wednesday showing consumer prices in the U.S. rose in line with economist estimates in the month of November. The report said the consumer price index climbed by 0.3 percent in November after rising by 0.2 percent for four straight months. The increase matched expectations. The annual…
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Inflation Data In Line With Estimates May Lead To Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground after moving lower over the two previous sessions. The futures advanced following the release of closely watched consumer price inflation data that came in line with economist estimates. The Labor Department said its consumer price…
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U.S. Stocks Move Moderately Lower After Seeing Early Strength
After failing to sustain an early move to the upside, stocks moved moderately lower over the course of the trading session on Tuesday. The major averages added to the losses posted during Monday’s session, with the Nasdaq and the S&P 500 pulling back further off last Friday’s record closing highs. The major averages dipped to…
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U.S. Labor Productivity Unchanged in Q3, Unit Labor Costs Revised Lower
While the Labor Department released a report on Tuesday showing the jump by U.S. labor productivity in the third quarter was unrevised from the previous estimate, the report also showed a downward revision to the increase by U.S. unit labor costs. The report said labor productivity shot up by 2.2 percent in the third quarter,…
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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 Tuesday, with stocks likely to show a lack of direction following the weakness seen in the previous session. Traders may be reluctant to make significant moves ahead of the release of the Labor Department’s closely watched report on consumer price inflation…
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U.S. Stocks Move Mostly Lower, Nasdaq And S&P 500 Pull Back Off Record Highs
After showing a lack of direction early in the session, stocks moved mostly lower over the course of the trading day on Monday. The major averages all moved to the downside, with the Nasdaq and the S&P 500 pulling back off last Friday’s record closing highs. The major averages finished the day firmly in negative…
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Slump By Nvidia May Lead To Pullback By Nasdaq
The major U.S. index futures are currently pointing to a mixed open on Monday, with the Dow futures up by 0.1 percent but the Nasdaq futures down by 0.2 percent. A decrease by shares of Nvidia (NASDAQ:NVDA) may weigh on the Nasdaq, as the AI darling is slumping by 2.1 percent in pre-market trading. The…
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Nasdaq, S&P 500 Reach New Record Highs But Dow Extends Pullback
The major U.S. stock indexes all moved to the upside early in the session on Friday but turned mixed over the course of the trading day. While the Nasdaq and the S&P 500 managed to remain in positive territory and reach new record closing highs, the narrower Dow pulled back into negative territory. The tech-heavy…
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U.S. Employment Surges
Employment in the U.S. surged by more than expected in the month of November, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 227,000 jobs in November after rising by an upwardly revised 36,000 jobs in October. Economists had expected employment…