ADVFN US – Market Content Editor
-
Orders For U.S. Manufactured Durable Goods Dropped Steeply
A report released by the Commerce Department on Tuesday unexpectedly showed a steep drop by new orders for U.S. manufactured durable goods in the month of December amid a nosedive by orders for transportation equipment. The Commerce Department said durable goods orders plunged by 2.2 percent in December after tumbling by a revised 2.0 percent…
-
Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to regain ground following the weakness seen in the previous session. Traders may look to pick up technology stocks at somewhat reduced levels following the sell-off seen in the sector during Monday’s trading. Shares of Nvidia (NASDAQ:NVDA) are…
-
Nvida Stock Plunges Into The Red: $600 Billion Lost On DeepSeek Announcement
Shares in chip manufacturer Nvidia (NASDAQ:NVDA) fell by 17% on Monday, its worst daily percentage loss since the start of the Covid pandemic in March 2020 briefly crashed the markets. It was the single greatest one-day value wipeout any company has ever suffered. The previous record of $279 in September 2024 was also held by…
-
Tech Sell-off Pushes Nasdaq Down By Over 3%; Dow Ends Moderately Higher
U.S. stocks closed mostly lower on Monday, with those in the technology sector recording more pronounced losses, due to sustained selling pressure right through the day’s trading session. Among the major averages, the Dow closed up 289.33 points or 0.65 percent, at 44,713.58. The S&P 500 ended down 88.96 points or 1.46 percent, at 6,012.28,…
-
Tech Stocks May Lead Early Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Monday, with stocks likely to extend the pullback seen during last Friday’s session. A sell-off by technology stocks is likely to weigh on Wall Street, as AI darling and sector leader Nvidia (NASDAQ:NVDA) is plummeting by 11.5 percent in pre-market trading.…
-
U.S. Stocks Move To The Downside But Post Strong Weekly Gains
After turning in a relatively lackluster performance early in the session, stocks moved mostly lower over the course of the trading day on Friday. The major averages all moved to the downside, with the S&P 500 (SPI:SP500) giving back ground after reaching a new record intraday high. The major averages climbed off their worst levels…
-
Traders May Stick To The Sidelines Ahead Of Next Week’s Fed Meeting
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after trending higher over the past several sessions. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s monetary policy meeting next week. While the Fed is almost…
-
S&P 500 Reaches New Record Closing High As U.S. Stocks Extend Uptrend
Stocks moved mostly higher over the course of the trading day on Thursday, extending the strong upward move seen over the past several sessions. The S&P 500 closed higher for the seventh time in the past eight sessions, reaching a new record closing high. The major averages reached new highs going into the close of…
-
U.S. Unemployment Benefit Claims Up After Hitting Eleven-Month Low
After reporting a rebound by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further upside in the week ended January 18th. The Labor Department said initial jobless claims rose to 223,000, an increase of 6,000 from the previous week’s unrevised…
-
Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground after turning in a strong performance in recent sessions. Traders may look to cash in on recent strength in the markets, which has seen stocks largely offset the sell-off seen earlier this month. The…