Selling pressure waned over the course of the session, however, as traders look ahead to congressional testimony by Federal Reserve Chair Jerome Powell later today regarding the outlook for interest rates. On the U.S. economic front, the Commerce Department said new residential construction in the...
Members of the founding family have partnered with Mexican retail company El Puerto de Liverpool to acquire Nordstrom. Lenore Fedow MajorsDec 24, 2024 Boucheron Bets on Las Vegas The brand has opened its second U.S. location in the Fontainebleau resort and casino. ...
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"I think today was a knee-jerk reaction. You saw a margin selling on the opening, and then the market firmed up after that," Larry Benedict, CEO & founder of The Opportunistic Trader, a U.S. market research firm, told Xinhua. It was "relief rally in very very beaten-down stocks," ...
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The Dow's intraday rally was likely not due to the better-than-expected GDP data, said Liz Young, head of investment strategy at SoFi. While she said the data does indicate that the economy was likely not in a recession in the third quarter, she cautioned that does not mean the economy...
Dow will keep some area jobs: ; Governor expected to announce the specifics todayGEORGE HOHMANN
The small-cap benchmark Russell 2000 was down 2.8% in recent action, dragging it into negative territory for the year (down 0.3%). The large-cap benchmark S&P 500 was off its session low and headed for a decline of 0.9%, while the Dow Jones Industrial Average was off around 407 poi...
Stocks were mixedfollowing the report. The Dow Jones Industrial Average dropped at the open but the S&P 500 and Nasdaq both were positive. Treasury yields surged. The January payrolls count comes with economists and policymakers closely watching employment figures for direction on the larger economy...
Africa is expected to witness a rebound in GDP growth in 2017 as global commodity prices recover, according to the 2017 African Economic Outlook released today by the African Development Bank. The report says Africa will grow by 3.4 per cent in 2017 and 4.3 per cent in...