Futures on major US indices were trading in positive territory at the time of writing. Dow Jones and S&P 500 futures rose to 25031 and 3020.12 respectively at the time of writing.
On the earnings front, Hibbett Sports and Viomi Technology are scheduled to release their quarterly results before...
Dollar weakens on mixed housing data
US stock indexes rebounded on Friday as longer term bond yields held above short term debt yields, easing recession fears. The S&P 500 rose 1.4% to 2888.68, falling 1.0% for the week. Dow Jones industrial gained 1.2% to 25886.01. The Nasdaq rallied 1.7%...
Getting ready for AMD earnings report
AMD stock has breached below support. Will the AMD price continue declining?
The Advanced Micro Devices is to report Q2 earnings on July 24. In May the U.S. Department of Energy announced that AMD and Cray (NASDAQ:CRAY) had been awarded a $600 million...
Dollar strengthening accelerated as wholesale inflation slowed
US stock market advance accelerated on Friday as Powell’s testimony reaffirmed expectations of a Fed rate cut at the end of month. The S&P 500 gained 0.5% to 3013.75, adding 0.8% for the week. Dow Jones industrial rallied 0.9% to...
Nasdaq closes at record
US stock market extended gains on Wednesday after Powell testimony confirmed Federal Reserve plans a rate cut in July. The S&P 500 rose 0.5% to 2993.07. The Dow Jones industrial average gained 0.3% to 26860.20. Nasdaq composite index advanced 0.8% to record 8202.53...
DJI and Nasdaq join SP500’s record spree
US stock market closed at record on Wednesday in a short session ahead of July 4 holiday. The S&P 500 rose 0.8% to record 2995.82. The Dow Jones industrial average gained 0.7% to record high 26966. Nasdaq composite index advanced 0.8% to record...
SP500 falls despite strong data
US stock market snapped three session winning streak Friday despite positive data. The S&P 500 lost 0.6% to 2859.53, ending 0.8% lower for the week notwithstanding announcement US and Canada reached a deal to end tariffs on aluminum and steel products from...
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US stocks fall for second day
US stock market retreat deepened on Tuesday after US Trade Representative Lighthizer confirmation Monday that Washington will increase tariffs on $200 billion in Chinese goods early Friday following President Trump’s Sunday tweet. The S&P 500 lost 1.7% to 2884.05...
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Dollar weakens despite stronger than expected GDP data
US stock market rebounded on Friday boosted by stronger than expected GDP report. The S&P 500 rose 0.5% to record high 2939.88, ending 1.2% higher for the week. Dow Jones industrial advanced 0.3% to 26543.33. The Nasdaq gained 0.3% to fresh...
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Dollar declines on existing homes sales fall
US stock market edged higher on Monday on mixed data after reopening following Easter Holiday. The S&P 500 added 0.1% to 2907.97 as the Chicago Fed national activity index rose to negative 0.15 in March from negative 0.31 in February. Dow Jones...
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Dollar strengthening resumes on initial claims data
US stock market advance paused on Thursday as investors awaited first quarter earnings reports of JPMorgan and Wells Fargo due today. The S&P 500 added 0.11 points to 2888.32. The Dow Jones industrial average slipped 0.05% to 26143.05. Nasdaq...
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Dollar falls on disappointing ADP report
US stock market extended gains on Wednesday as China’s Vice Premier Liu He was scheduled to meet with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. The S&P 500 gained 0.2% to 2873.40. The Dow Jones industrial average...
Dollar strengthens despite Q4 GDP downgrade
US stock market rebounded on Thursday as US and China resumed high level negotiations in Beijing. The S&P 500rose 0.4% to 2815.44. The Dow Jones industrial average advanced 0.4% to 25717.46. Nasdaq composite index added 0.3% to 7669.17. The dollar...
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Dollar gains on trade deficit narrowing
US stock market pulled back on Wednesday as bond yields continued falling while demand for safer government debt remained strong. The S&P 500 slid 0.5% to 2805.37. The Dow Jones industrial average slipped 0.1% to 25625.59. Nasdaq composite index fell 0.6%...
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Dollar weakening stalls despite soft data
US stock market resumed advancing on Tuesday led by energy and financial shares. The S&P 500 rose 0.7% to 2818.46. Dow Jones added 0.6% to 25657.73. The Nasdaq gained 0.7% to 7691.52. The dollar weakening stalled despite soft data indicating housing...
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Dow edges higher led by Boeing data
US stock market slide continued on Monday. The S&P 500 slipped 0.1% to 2798.36. Dow Jones industrial however managed to end 0.1% higher at 25516.83 thanks to Boeing 2.3% rebound. The Nasdaq composite slid 0.1% to 7637.54. The dollar weakened: the live dollar...
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Dollar strengthens on strong home sales data
US stock market ended sharply lower on Friday as the spread between three-month and 10-year yields turned negative. S&P 500 fell 1.9% to 2800.71, closing 0.8% lower for the week. Dow Jones industrial fell 1.8% to 25502.32. The Nasdaq dropped 2.5% to...
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Dollar strengthens as Philadelphia Fed index recovers
US stock market rebounded on Thursday led by technology. The S&P 500 rose 1.1% to 2854.88 led by 3.7% Apple surge on analysts’ upgrade. The Dow Jones industrial average advanced 0.8% to 25709.94. Nasdaq composite index rallied 1.4% to...
Stocks fall and dollar weakens after dovish Fed
US stock market continued retreating on Wednesday led by bank shares after dovish Fed decision. The S&P 500 slid 0.3% to 2824.23. The Dow Jones industrial average fell 0.6% to 25745.67. Nasdaq composite index however added 0.1% to 7728.97. The...
US stocks end mostly lower
US stock market ended marginally lower on Tuesday as investors risk appetite was undermined by reports China resists to US demands in trade negotiations. The S&P 500 slipped 0.01% to 2832.57. Dow Jones slid 0.1% to 25887.38. The Nasdaq however rose 0.1% to 7723.95...
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