Stocks rallied to their best closing levels in three weeks ahead of the Labor Day weekend on Friday, as a softer than forecast drop in August jobs helped to alleviate some fears of a double-dip recession. Nonetheless, the day’s buying may have been held back by a worse than expected reading on service sector activity.
Stocks have made a move back towards the highs set earlier in the day in mid-afternoon trading on Friday but have encountered some resistance. Better than expected jobs data has driven the day’s buying, while a weak reading on service sector activity has moderated the upside.
Stocks are up by solid margins in early-afternoon trading on Friday but remain far off their highs as a much worse than expected reading on service sector activity pruned some risk appetite from a market that moved higher in reaction to an upbeat August jobs report. The major averages have moved roughly sideways since coming [...]
After moving sharply higher at the open, stocks have given back some ground over the course of morning trading on Friday. The major averages have moved well off their best levels of the day, although they are holding onto notable gains.
With traders reacting positively to a report showing a much smaller than expected drop in August employment, stocks moved sharply higher at the start of trading on Friday. The major averages showed notable moves to the upside, adding to the gains posted in the two previous sessions.
Stocks extended the upside seen in the previous session on Thursday, ending notably higher ahead of Friday’s landmark jobs report following the release of upbeat data on pending home sales and weekly jobless claims. The major averages all saw steady upside in the second half of the day, eventually ending near their best levels of [...]
Stocks remain mostly higher in mid-afternoon trading on Thursday, driven higher earlier on by some upbeat data on pending home sales and jobless claims. Buying remains somewhat restrained, however, as the markets are bracing for tomorrow’s landmark August jobs report.
A majority of stocks continue to post gains in early afternoon trading on Thursday, with some bright spots in the day’s pending home sales and jobless claims data generating buying interest. Nonetheless, buying remains relatively limited as traders brace for tomorrow’s monthly employment report.
After staging a substantial rally in the previous session, stocks are seeing some further upside in morning trading on Thursday. While the Dow has been bouncing back and forth across the unchanged line, the broader Nasdaq and S&P 500 have managed to hold onto moderate gains.
While buying interest has remained somewhat subdued, stocks have moved mostly higher in morning trading on Thursday. Traders are digesting another batch of economic data, including a report showing an unexpected increase in pending home sales.
Stocks are on pace to open Thursday’s session modestly higher, as jobless claims showed a modest decrease and retail sales largely continued their upward trend in August. The major index futures are all in positive territory, with the Dow futures up by 13 points.
U.S. stock futures point to a lackluster open Thursday morning following sharp gains in the previous session on soothing economic data. Traders brace for data related to weekly jobless claims, pending home sales and factory goods orders during the day and the all-important jobs report for August on Friday to assess the pace of economic [...]
Stocks saw substantial gains to open the traditionally downward trending month of September on Wednesday, as data showing a pickup in manufacturing activity in both the U.S. and China recharged some hopes of a continued economic recovery. The rally was further fueled by a better than expected reading on resource-linked Australian GDP.
After staging a substantial rally in early trading on Wednesday, stock continue to post strong gains in the mid-afternoon, as upbeat data on manufacturing activity both from the U.S. and China has helped to ease some fears of another global economic slowdown. The markets have also benefited from a strong GDP number from resource-laden Australia, [...]
Stocks remain up by notable margins in early afternoon trading on Wednesday, as a pickup in both U.S. and Chinese manufacturing activity along with a strong reading on Australian GDP has elevated hopes of a continued global economic recovery.