Category : Hot Stocks

U.S. Stocks Climb Well Off Worst Levels But Remain Firmly Negative

After moving sharply lower early in the session, stocks have regained some ground over the course of the trading day on Friday. The major averages have climbed well off their worst levels of the day but remain firmly in negative territory.

U.S. Business Inventories Increase In Line With Estimates In November

Business inventories in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Friday. The report said business inventories rose by 0.5 percent in November after clim...

Negative Reaction To Earnings News, Retail Sales Data Weighing On Wall Street

Stocks have moved sharply lower over the course of morning trading on Friday, extending the pullback seen late in the previous session. With the drop, the Dow and the Nasdaq are pulling back further off the record intraday highs set in early trading...

U.S. Consumer Sentiment Dips More Than Expected In January

Preliminary data released by the University of Michigan on Friday showed a modest deterioration in U.S. consumer sentiment in the month of January. The report said the consumer sentiment index dipped to 79.2 in January after jumping to 80.7 in Decemb...

U.S. Industrial Production Jumps Much More Than Expected In December

The Federal Reserve released a report on Friday showing U.S. industrial production jumped by much more than expected in the month of December. The Fed said industrial production surged up by 1.6 percent in December after climbing by an upwardly revis...

Biden's Relief Proposal To Include $1 Tln In Direct Relief To Households

President-elect Joe Biden unveiled a $1.9 trillion economic stimulus package proposal to lift the U.S. economy as well as its people, badly hit by the coronavirus pandemic. The relief proposal includes $1 trillion in direct relief to households, $415...

New York Manufacturing Index Unexpectedly Indicates Slower Growth In January

Activity in the New York manufacturing sector unexpectedly grew at a slower pace in the month of January, the Federal Reserve Bank of New York revealed in a report released on Friday.

U.S. Producer Prices Rise Slightly Less Than Expected In December

A report released by the Labor Department on Friday showed U.S. producer prices increased by slightly less than expected in the month of December. The Labor Department said its producer price index for final demand rose by 0.3 percent in December aft...

U.S. Retail Sales Continue To Slump Amid Spike In Coronavirus Cases

Retail sales in the U.S. continued to decline in the month of December, according to a report released by the Commerce Department on Friday. The Commerce Department said retail sales fell by 0.7 percent in December after tumbling by a revised 1.4 per...

Galaxy Digital Forays Into Proprietary Bitcoin Mining

Billionaire Michael Novogratz's crypto financial services firm Galaxy Digital is set to foray into Bitcoin (BTC) mining after launching a new business unit named Galaxy Digital Mining later in 2021. The new unit will comprise of two activities - a on...

U.S. Stocks May See Initial Weakness Amid Negative Reaction To Earnings

After turning lower over the course of the previous session, stocks may see further downside in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 160 points.

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