ADVFN US – Market Content Editor
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Dow, S&P 500 Pull Back Off Record Highs As Tech Stocks Slump
After trending higher over the past several sessions, stocks gave back some ground during trading on Wednesday. The tech-heavy Nasdaq led the way lower, while the Dow and the S&P 500 pulled back off Tuesday’s record closing highs. The Nasdaq climbed well off its worst levels of the day but still closed down 115.10 points…
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Dell, Workday Under Pressure; Urban Outfitters Strong
Shares of Dell Technologies (NYSE:DELL) are moving sharply lower in pre-market trading after the PC maker reported fiscal third quarter earnings that exceeded estimates but provided disappointing fiscal fourth quarter guidance. Human resources software company Workday (NASDAQ:WDAY) may also come under pressure after reporting better than expected fiscal third quarter results but forecasting fiscal fourth…
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Looming Inflation Data May Lead To Choppy Early Trading 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 mostly higher over the course of the previous session. Traders may be reluctant to make significant moves ahead of the release of the Federal Reserve’s preferred readings on consumer…
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First-Time Unemployment Benefit Claims Unexpectedly Lower; Manufactured Durable Goods Up Less Than Expected
A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous week’s revised level of 215,000. Economists had expected jobless claims to rise to…
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Dow Recovers From Early Weakness To Reach New Record Closing High
After turning in a mixed performance early in the session, the major U.S. stock indexes all moved to the upside over the course of the trading day on Tuesday. The Dow recovered from early weakness to end the day at another new record closing high. The Dow fell by as much as 0.7 percent in…
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Home Prices and Sales, Consumer Confidence Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of September at 9 am ET. At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of November. The consumer confidence index is expected to climb to…
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Futures Pointing To Mixed Open On Wall Street
The major U.S. index futures are currently pointing to a mixed open on Tuesday, as the Dow futures are down by 0.3 percent but the S&P 500 futures are up by 0.3 percent. Traders may be reluctant to make significant moves as they digest President-elect Donald Trump’s latest threats to impose increased tariffs on Mexico,…
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Dow Reaches New Record High In Reaction To Trump’s Choice For Treasury Secretary
After showing a strong move to the upside early in the session, stocks gave back some ground over the course of the trading day on Monday but managed to close mostly higher. While the major averages pulled back off their best levels of the day, the Dow still reached a new record closing high. The…
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Trump’s Choice Of Bessent For Treasury May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to add to the strong gains posted last week. Stocks may benefit from a positive reaction to news President-elect Donald Trump intends to nominate billionaire hedge fund manager Scott Bessent as Treasury Secretary. Bessent is seen as supportive…
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Dow Jumps To New Record Closing High
Extending the upward move seen over the course of Thursday’s session, stocks saw continued strength during trading on Friday. The Dow led the way higher once again, reaching a new record closing high. The major averages all ended the day in positive territory, with the Dow jumping 426.16 points or 1.0 percent to 44,296.51. The…