ADVFN US – Market Content Editor
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U.S. Employment Increased Much Less Than Expected
After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than expected in the month of April. The Labor Department said non-farm payroll employment climbed by 175,000 jobs in April after surging by an upwardly revised…
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Jobs Data, Apple Earnings May Lead To Extended Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Friday, with stocks likely to extend the rally seen over the course of the previous session. The futures surged to new highs following the release of a closely watched Labor Department showing employment in the U.S. increased by much less than…
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U.S. Stocks Rally Amid Easing Worries About Possible Rate Hike
Stocks fluctuated early in the session on Thursday before moving sharply higher over the course of the trading day. The major averages all showed strong moves to the upside after ending Wednesday’s trading narrowly mixed. The major averages pulled back off their best levels going into the close but remained firmly positive. The Dow jumped…
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Carvana Rockets, Qualcomm Likely To Be Strong; DoorDash and Etsy Under Pressure
Shares of Carvana (NYSE:CVNA) are skyrocketing in pre-market trading after the used car retailer reported record first quarter net income on better than expected revenues. Chipmaker Qualcomm (NASDAQ:QCOM) is also likely to see initial strength after reporting fiscal second quarter earnings that exceeded estimates and providing upbeat revenue guidance. Meanwhile, shares of DoorDash (NASDAQ:DASH) may…
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First-Time Unemployment Benefit Claims Flat, U.S. Trade Deficit Edges Lower
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th. The report said initial jobless claims came in 208,000, unchanged from the previous week’s upwardly revised level. Economists had expected jobless claims to…
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Easing Worries About Possible Rate Hike May Generate Buying Interest
The major U.S. index futures are currently pointing to a notably higher open on Thursday, with stocks likely to move to the upside as traders continue to digest yesterday’s Federal Reserve announcement. The upward momentum on Wall Street comes amid easing concerns the Fed’s next monetary policy move could actually be an interest rate hike…
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U.S. Stocks Close Mixed Following Post-Fed Volatility
After turning in a lackluster performance for much of the session, stocks saw substantial volatility following the Federal Reserve’s monetary policy announcement Wednesday afternoon. The major averages initially surged in reaction to the Fed announcement but pulled back going into the close. The major averages eventually finished the day mixed. While the Dow rose 87.37…
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CVS Health, Starbucks, Shares Weaker; Pinterest Soars
Shares of CVS Health (NYSE:CVS) are moving sharply lower in pre-market trading after the drugstore chain and pharmacy benefit manager reported weaker than expected first quarter results and cut its full-year profit outlook. Coffee giant Starbucks (NASDAQ:SBUX) is also seeing substantial pre-market weakness after reporting fiscal second quarter results that missed analyst estimates and slashing…
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Private Sector Employment Up More Than Expected
Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment shot up by 192,000 jobs in April after jumping by an upwardly revised 208,000 jobs in March. Economists had expected private sector employment…
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Interest Rate Concerns May Continue To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. Concerns about the outlook for interest rates may continue to weigh on the markets ahead of the Federal Reserve’s monetary policy announcement this…