ADVFN US – Market Content Editor
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Manufactured Goods New Orders, Job Openings Reports Due
The Commerce Department is scheduled to release its report on new orders for manufactured goods in the month of April at 10 am ET. Factory orders are expected to increase by 0.6 percent in April after jumping by 1.6 percent in March. Also at 10 am ET, the Labor Department is due to release its…
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Economic Worries May Lead To Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Concerns about the outlook for the U.S. economy may weigh on the markets following yesterday’s disappointing manufacturing data. While economic weakness could prompt the…
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U.S. Stocks Close On Mixed Note
After a positive start and a subsequent retreat that resulted in a fairly long spell in negative territory on Monday, U.S. stocks recovered in afternoon trades and ended the day’s session on a mixed note. The Nasdaq (NASDAQI:COMP) outperformed, settling at 16,828.67 with a gain of 93.65 points or 0.56 percent. The S&P 500 (SPI:SP500)…
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Oil Futures Inch Up
Crude oil futures are inching up $0.18 to $77.17 a barrel after slumping $0.92 to 76.99 a barrel last Friday. Meanwhile, after sliding $20.70 to $2,345.80 an ounce in the previous session, gold futures are edging up $2.10 to $2,347.90 an ounce. On the currency front, the U.S. dollar is trading at 156.78 yen versus…
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Manufacturing Activity, Construction Spending Reports Due
The Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of May at 10 am ET. The ISM’s manufacturing PMI is expected to inch up to 49.6 in May from 49.2 in April, but a reading below would still indicate contraction. Also at 10 am ET, the Commerce…
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Futures Pointing To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move to the upside following a weak performance last week. After turning in a mixed performance throughout much of the session, the major U.S. stock indexes all rallied going into the close of trading on Friday. The…
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Late-Day Rally Leads To Higher Close For Dow, S&P 500; Nasdaq Ends Little Changed
After turning in a mixed performance throughout much of the session, the major U.S. stock indexes all rallied going into the close of trading on Friday. The Dow (DOWI:DJI) showed a substantial move to the upside, bouncing off its lowest closing level in almost a month. The Dow surged 574.84 points or 1.5 percent to…
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Cryptocurrency Ownership Hits 6.8% Globally; Japanese Exchange Suffers $300 Million Theft, and More in Crypto
Cryptocurrency ownership jumps to $562 million globally in 2024 The number of cryptocurrency owners increased to 562 million in 2024, a 34% growth compared to the previous year. This advancement highlights the growing adoption of digital currencies, now held by 6.8% of the world’s population. South America saw the highest growth, closely followed by North…
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U.S. Consumer Prices In Line With Estimates
A highly anticipated report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of April, although core consumer prices edged up by slightly less than expected. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent for…
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Futures Turn Positive 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 regain ground after moving notably lower over the two previous sessions. The futures turned positive following the release of a highly anticipated Commerce Department report showing consumer prices in the U.S. increased in line with economist…