ADVFN US – Market Content Editor
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Profit Taking May Contribute To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after trending higher over the past couple weeks. Profit taking may contribute to initial weakness on Wall Street, as traders cash in on the recent strength in the markets, which has lifted the major…
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US ISM Services PMI for April and $58 Billion Treasury Auction in Focus Today
The Institute for Supply Management is due to release its report on service sector activity in the month of April at 10 am ET. The ISM’s services PMI is expected to edge down to 50.6 in April after falling to 50.8 in March, but a reading above 50 would still indicate growth. At 1 pm…
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Upbeat Jobs Data, Optimism About Trade Talks With China Sparks Rally On Wall Street
Stocks moved sharply higher during trading on Friday, with the major averages reaching their best closing levels in a month. The S&P 500 closed higher for the ninth consecutive session, marking its longest winning streak in over twenty years. The major averages pulled back off their best levels late in the session but still posted…
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U.S. Non-Farm Payroll Employment Shot Up In April
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs. However, the jumps in…
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Dow Jones, S&P, Nasdaq, Trade Talks Optimism, Jobs Report May Lead To Initial Strength On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a notably higher open on Friday, with stocks poised to add to the gains posted in the previous session. Early buying interest may be generated amid indications China is open to trade talks with the U.S., with a spokesperson…
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U.S. Stocks Pull Back Off Best Levels But Close Mostly Higher
After surging early in the session, stocks gave back some ground over the course of the trading day on Thursday but remained mostly higher. The tech-heavy Nasdaq hung on to a standout gain, ending the session at its best closing level in over a month. The major averages moved to the downside going into the…
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U.S. First-Time Unemployment Benefits Up More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week’s revised level of 223,000. Economists had expected jobless claims…
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Dow Jones, S&P, Nasdaq, Upbeat Microsoft, Meta Earnings May Spark Initial Surge On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a sharply higher open on Thursday, with stocks likely to see initial strength after recovering from an early sell-off to end the previous session mixed. Early buying interest may be generated in reaction to upbeat earnings news from software…
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U.S. Stocks Recover From Early Sell-Off To Close Mixed
After pulling back sharply early in the session, stocks showed a significant recovery over the course of the trading day on Wednesday. The major averages climbed well off their worst levels of the day before eventually closing mixed. The major averages showed a strong move to the upside going into the close of trading. While…
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U.S. Private Sector Employment Up Less Than Expected In April
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of April. ADP said private sector employment climbed by 62,000 jobs in April after surging by a downwardly revised 147,000 jobs in March. Economists had expected private sector employment to jump…