Futures extend losses after weak jobs report

Futures extend losses after weak jobs report

usa stocks
(Reuters) - U.S. stock index futures extended losses on Friday after a Labor Department report showed September nonfarm payrolls fell by 33,000 as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring. . At 8:31 a.m. ET, Dow e-minis 1YMc1 were down 21 points, or 0.09 percent, with 13,133 contracts changing hands. S&P 500 e-minis ESc1 were down 3 points, or 0.12 percent, with 116,187 contracts traded. Nasdaq 100 e-minis NQc1 were down 7 points, or 0.12 percent, on volume of 23,104 contracts. Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila
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Wall Street rally on pause, but more gains seen in 2018

Wall Street rally on pause, but more gains seen in 2018

usa stocks
NEW YORK (Reuters) - A more than eight-year bull market on Wall Street will simmer for the rest of 2017 before picking up again next year, said strategists in a Reuters poll who were optimistic about corporate profits but concerned about slow tax reform progress. The benchmark S&P 500 .SPX is likely to finish this year at 2,525, about 13 percent above 2016's end, but 0.4 percent down from Tuesday's close of 2,534.58, based on the median forecast of 47 strategists polled by Reuters. After strong third-quarter gains fueled in part by U.S. President Donald Trump’s recent proposals for the biggest federal tax overhaul in three decades, the index is trading at a record, already above the median forecast from a June Reuters poll of 2,460. The median S&P 500…
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Wall Street slightly lower ahead of private jobs data

Wall Street slightly lower ahead of private jobs data

usa stocks
(Reuters) - U.S. stock index futures pointed to lower opening on Wednesday after two days of record highs, as investors braced for three days of major economic data and the launch of the quarterly earnings season. * World stocks hit a fresh record high on Wednesday, aided by strong September U.S. car sales data and the Chinese central bank’s weekend move to free up liquidity boosted mainland financial stocks. * The three major U.S. indexes hit record high levels for the second-straight day on Tuesday, buoyed by gains in airlines and carmakers. * The dollar .DXY was off seven-week highs on speculation that U.S. President Donald Trump’s choice for the next head of the Federal Reserve could be a less hawkish candidate than had previously been expected. * Oil prices…
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S&P, Dow open at record highs for second straight day

S&P, Dow open at record highs for second straight day

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(Reuters) - The S&P and the Dow opened at record highs for the second straight day on Tuesday with gains across sectors as investors looked ahead to the upcoming earnings season. The Dow Jones Industrial Average .DJI rose 25.11 points, or 0.11 percent, to 22,582.71, the S&P 500 .SPX gained 1.78 points, or 0.07 percent, to 2,530.9 and the Nasdaq Composite .IXIC added 8.13 points, or 0.12 percent, to 6,524.85. Reporting by Gayathree Ganesan in Bengaluru; Editing by Sriraj Kalluvila
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Wall Street indexes open at record highs

Wall Street indexes open at record highs

usa stocks
(Reuters) - The three major U.S. stock indexes hit record highs at the open on Monday, the first trading day of the fourth quarter, on hopes of progress on President Donald Trump’s tax reform plan. The Dow Jones industrial average .DJI was up 15.59 points, or 0.07 percent, at 22,420.68, the S&P 500 .SPX was up 1.53 points, or 0.06073 percent, at 2,520.89 and the Nasdaq composite .IXIC was up 10.21 points, or 0.16 percent, at 6,506.17. Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj
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Wall St. mixed at open after personal spending data

Wall St. mixed at open after personal spending data

usa stocks
(Reuters) - U.S. stocks were mixed at the open on Friday after data showed cooling consumer spending in August and slowing pace of inflation growth, pointing to moderation in economic activity in the third quarter. The Dow Jones Industrial Average .DJI fell 34.33 points, or 0.15 percent, to 22,346.87. The S&P 500 .SPX lost 0.36 points, or 0.014342 percent, to 2,509.7. The Nasdaq Composite .IXIC added 8.63 points, or 0.13 percent, to 6,462.08. Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva
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Wall Street opens lower after economic data

Wall Street opens lower after economic data

usa stocks
(Reuters) - U.S. stocks opened slightly lower on Thursday after data showed Hurricanes Harvey and Irma continued to hurt the labor market and could slow the pace of economic growth in the third quarter. However, the Commerce Department report also showed that the economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years. The Labor Department said initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 272,000 for the week ended Sept. 23. Economists polled by Reuters had forecast claims rising to 270,000 in the latest week. Investors also assessed President Donald Trump’s tax plan, which called for tax cuts for most Americans, but prompted criticism that it favored business and the rich and could add…
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Consumer stocks limit gains on Wall Street

Consumer stocks limit gains on Wall Street

usa stocks
(Reuters) - Losses in consumer stocks including Nike reined in gains for Wall Street’s main indexes on Wednesday after a burst of optimism fueled by hints President Donald Trump may finally be making headway on long-promised tax cuts. Trump proposed the biggest tax overhaul in three decades, but offered scant details about how to pay for the cuts without dramatically driving up federal deficits. If passed, the plan would be Trump’s first significant legislative win since taking office in January. “While I think there is optimism, time will tell us how much of an impact that (tax plans) will have on the market,” said Victor Jones, director of trading at TD Ameritrade. “Investors are going to look for whether or not this plan will get any bipartisan support or at…
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Wall St. opens higher as tech stocks recover

Wall St. opens higher as tech stocks recover

usa stocks
(Reuters) - Wall Street was higher at the open on Tuesday as technology stocks recovered, although tensions between the United States and North Korea limited gains. The Dow Jones Industrial Average .DJI rose 38.08 points, or 0.17 percent, to 22,334.17. The S&P 500 .SPX gained 4.19 points, or 0.16 percent, to 2,500.85. The Nasdaq Composite .IXIC added 23.75 points, or 0.37 percent, to 6,394.34. Reporting by Tanya Agrawal; Editing by Anil D'Silva
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Apple set to weigh on Wall St.; Fed speakers in focus

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(Reuters) - U.S. stocks were set to open slightly lower on Monday, weighed down by a drop in Apple shares and heightened expectations of another interest rate hike this year following comments from a Federal Reserve official. The central bank is on track to gradually raise interest rates as factors depressing inflation are fading and the U.S. economy’s fundamentals are sound, New York Federal Reserve President William Dudley said. Investors are also awaiting a speech by Fed Chief Janet Yellen later in the week for more guidance on the monetary policy. “Investors would like to get more clarity as far as what the Fed is going to do as they move forward with the unwinding of the balance sheet and how they are going to move forward next year,” said…
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