Tag: market news

Futures flat as more retailers post earnings

Posted on by The INO.com Team

Stock futures are relatively flat ahead of the release of the latest data on consumer sentiment and after a mixed bag of earnings from retailers.

Dow Jones industrial futures are down 9 points to 13,216. The broader S&P futures have given up 1.2 points to 1,411.90. Nasdaq futures are up 2.75 points to 2,766.25.

The University of Michigan releases its monthly consumer sentiment index just before 10 a.m. Eastern time Friday. Economists expect a slight decline. Continue reading "Futures flat as more retailers post earnings" →

Stocks Break Sideways Trend With Strong Upward Move

Posted on by The INO.com Team

Stocks moved mostly higher over the course of the trading day on Thursday after initially showing a lack of direction. The markets benefited from a positive reaction to quarterly results from Cisco (CSCO) as well as remarks by German Chancellor Angela Merkel.

The major averages pulled back off their highs going into the close but remained firmly positive. The Dow rose 85.33 points or 0.7 percent to 13,250.11, the Nasdaq jumped 31.46 points or 1 percent to 3,062.39 and the S&P 500 advanced 9.98 points or 0.7 percent to 1,415.51. Continue reading "Stocks Break Sideways Trend With Strong Upward Move" →

Markets muted despite more Chinese easing hopes

Posted on by The INO.com Team

(AP:LONDON) Markets were caught in the grip of inertia Thursday as trading levels sank in the traditional summer lull and investors opted to stay on the sidelines in the run-up to policy statements from the world's leading central banks.

Investors across the world have been fairly optimistic over recent weeks on hopes the world's central banks will do more to shore up the global economy. Continue reading "Markets muted despite more Chinese easing hopes" →

Futures Pointing To Modestly Higher Open On Wall Street

Posted on by The INO.com Team

(RTTNews) - With traders digesting another mixed batch of U.S. economic data, stocks could turn in yet another lackluster performance during trading on Thursday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 26 points.

While the Commerce Department recently released a report showing a bigger than expected decrease in housing starts in the month of July, the report also showed a substantial increase in building permits, which are seen as an indicator of future housing activity. Continue reading "Futures Pointing To Modestly Higher Open On Wall Street" →

US economic recovery is weakest since World War II

Posted on by The INO.com Team

The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.

Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.

The ugliness goes well beyond unemployment, which at 8.3 percent is the highest this long after a recession ended. Continue reading "US economic recovery is weakest since World War II" →