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Stocks Set For A Weak Open, Gold Hits Record Highs, Bitcoin Soars Past $40,000
Monday, December 4, 2023 - 10:13am | 694As the first week of December kicked off, U.S. stock futures are set to open on a weaker note after enjoying substantial gains both the prior Friday and throughout November. Investors continue to assess the outlook for monetary policy following Fed Chair Jerome Powell‘s remarks on Friday....
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US Stock Market Posts Another Week Of Gains As Inflation Softens: This Week In The Markets
Friday, November 17, 2023 - 5:35pm | 1184Stock markets have notched their third successive week of gains, buoyed by inflation data falling short of forecasts. The Fed futures market anticipates four rate cuts in 2024. Small-cap stocks, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), stand out as the outperformers for the week. They...
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Market Wrap For November 13: Markets Await Janet Yellen's Big Day Thursday
Wednesday, November 13, 2013 - 5:49pm | 1574U.S. markets were mostly lower during Wednesday’s trading session as details coming out of China’s recent four-day meeting were iffy at best. The country's leaders recently convened to discuss its economic future. Barclays economists were quoted as saying “While the [Plenum] communiqué may have...
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Market Wrap For November 8: Markets Erase Thursday's Losses; Dow Companies Dominate Headlines
Friday, November 8, 2013 - 5:57pm | 1493U.S markets rebounded from Thursday's trading sessions, with gains across all major indices. The Dow climbed to yet a new high as data released premarket indicated the U.S economy is stronger than many believed. The Dow Jones gained 1.08 percent to close at 15,761. The S&P 500 gained 1...
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Market Wrap For November 7: Markets Take A Breather As Twitter Takes Center Stage
Thursday, November 7, 2013 - 5:42pm | 1042After hitting record levels during Wednesday's trading session, US equities took a bit of a breather today as all major indexes finished the trading session in the red. The Dow Jones declined 0.95 percent to 15,597. The S&P 500 declined 1.31 percent to 1,747. The Nasdaq declined 1.90 percent...
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Market Wrap for October 31: Fed Worries Pull Stocks Lower
Thursday, October 31, 2013 - 5:00pm | 1310Stocks fell back for a second day in a row on Thursday as the big question -- when will the Federal Reserve trim its bond buying -- weighed on investor minds. There wasn't an answer to the question -- just as the Fed's statement on Wednesday offered no real hints that a change in policy is...
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Market Wrap for October 30: Fed Worries Push Stocks Lower, Facebook Earnings Raise Concerns
Wednesday, October 30, 2013 - 4:52pm | 1258Wall Street got what it wanted from the Federal Reserve on Wednesday -- no hint on when the Fed might taper its bond buying program -- but stocks fell back anyway. Market News What's not clear is whether the sell-off will be anything more than a one-time event. One uncertainty is how...
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Market Wrap for October 29: Dow, S&P 500 Hit New Highs on Hopes Fed Won't Taper Bond-Buying
Tuesday, October 29, 2013 - 5:00pm | 1367Stocks pushed higher Tuesday in a rally that sent the Dow Jones industrials and the Standard & Poor's 500 Index to new highs. The Nasdaq Composite Index finished at a 13-year high. The rally was built on expectations the Federal Reserve will leave its current bond-buying program in place...
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Market Wrap for October 28: Investors Push Apple Shares Lower
Monday, October 28, 2013 - 5:12pm | 803If traders wanted excitement in the stock market on Monday, they got it only in the tiniest of increments. The market was quiet as investors waited for quarterly results from Apple (NASDAQ: AAPL) and appeared reluctant to make big decisions ahead of the Federal Reserve's two-day meeting that...
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Market Wrap for October 25: S&P 500 Hits New High as Amazon, Microsoft Cheer Investors
Friday, October 25, 2013 - 4:55pm | 1018Stocks finished the week with decent gains, although bullish earnings reports on Thursday let shares of Amazon.com (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) enjoy rather big gains. Better still, the major averages finished near their highs of the day, a potentially bullish signal for the week...
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Market Wrap for October 24: Microsoft, Amazon Earnings Cheer Investors as Stocks Rally
Thursday, October 24, 2013 - 5:20pm | 1276Shares of Microsoft (NASDAQ: MSFT), Amazon.com (NASDAQ: AMZN) and Zynga (NASDAQ: ZNGA) were surging after hours as investors were cheered by their quarterly results. The reports came after a decent stock market rally on Thursday and may give stocks a boost on Friday. After Market Movers...
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Market Wrap for October 23: Stocks Fall Back as Caterpillar and Cree Forecasts Dismay Traders
Wednesday, October 23, 2013 - 5:47pm | 792Tensions look to be building in the stock market right now over where new gains will come from in a market that's had a very big year. Traders could see it Wednesday in momentum stocks like Tesla (NASDAQ: TSLA), which dropped 4.1% to $164.50, and Yelp (NASDAQ: YELP), down 4.9% to $66.02, and...
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Market Wrap For Tuesday, October 22: Weak Jobs Report Dismisses QE Tapering Concerns
Tuesday, October 22, 2013 - 4:30pm | 648Markets bounced higher Tuesday on weak September jobs data as the likelihood for Federal Reserve tapering dives. Correspondingly, treasury prices soared higher, sending the ten year yield to a three month low. Major Averages The Dow Jones Industrial Average rose 75.46 points, or 0.49 percent...
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Market Wrap for Monday, October 21: Dow Closes Down, S&P and Nasdaq Close Up
Monday, October 21, 2013 - 4:15pm | 1071Toward the end of trading Monday, the Dow closed down 0.05 percent to 15,392.01 while the NASDAQ surged 0.15 percent to 3,920.05. The S&P closed up, rising 0.01 percent to 1,744.65. Top Headline McDonald's (NYSE: MCD) reported a 4.6 percent rise in its third-quarter profit. McDonald's...
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Market Wrap For Friday, October 18: Markets Continue to Make New Highs On Upbeat Earnings
Friday, October 18, 2013 - 4:29pm | 666Markets continued to leap higher on a weak dollar as the Federal Reserve is expected to continue its 85 billion dollar quantitative easing. After announcing a small earnings beat last night, shares of Google (NASDAQ: GOOG) are up more than 13 percent, helping push the Nasdaq up more than twice...