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26May2017 Market Close: Wall Street Closed Flat And Unattractive Ahead Of The Three-day Weekend, Both Crude Prices And The US Dollar Settled Fractionally Higher

Written by Gary

US stocks traded mostly sideways closing flat (SPY -0.02%), taking a breather after recent record highs and a six-day streak of gains, though consumer shares were strong for a second session. Softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter.

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26May2017 Market Update: Wall Street Quiet Ahead Of Three Day Weekend, Fractional Upwards Trend In Crude Prices, U.S. Economy Slowed Less Than Initially Thought In The First Quarter

Written by Gary

US stocks were little changed in early afternoon trading today (SPY -0.01%), taking a breather after six straight days of gains and ahead of a three-day holiday weekend. US crude production hits 21-month highs as rig count rises for 19th straight week WTI 49.50.

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26May2017 Pre-Market Commentary: Wall Street Set To Open Fractionally Lower, Crude Oil Stabilizes After Yesterday's Plunge, US Dollar Trending Higher

Written by Gary

US stock market future indexes are pointing to a lower opening (SPY -0.2%) after tallying a sixth straight gain yesterday. Most European and Asian markets are slightly lower. Some of the sharpest moves are in the currencies.

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25May2017 Market Close: NASDAQ And SP 500 Close At Record Highs; Amazon Nears $1,000; Oil Drops 4%

Written by Gary

U.S. stocks were higher after the close on Thursday, as gains in the Consumer Services, Technology and Utilities sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 0.34% to hit a new 1-month high, while the S&P 500 index added 0.44%, and the NASDAQ Composite index climbed 0.69%.

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25May2017 Market Update: SP 500 Records New Historic High, Strong Earnings In Retail Sector, Crude Prices Tumble

Written by Gary

The SP 500 and Nasdaq rose to new historic record highs this morning, buoyed by strong earnings from the embattled retailer sector. Crude prices tumbles 4% as OPEC confirms production cut extension to April 2018 (WTI 48.76).

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25May2017 Pre-Market Commentary: Wall Street Expected To Open Higher, New Historic High For The SP 500 Is In The Cards

Written by Gary

US stock future indexes are pointing to a higher opening (SPY +0.2%). The number of Americans filing for unemployment benefits rose less than expected, WTI crude slips to the 50 handle and the dollar dipped after the U.S. Federal Reserve signaled caution in raising interest rates

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24May2017 Market Close: Wall Street Closed Fractionally Higher, DOW Up 75 Points, US Dollar Slips Fractionally

Written by Gary

US stocks ended up fractionally today (SPY +0.2%), with the SP 500 hitting a new historic high close, after minutes of the Federal Reserve's latest meeting showed policymakers view a rate hike coming soon. MOST FED OFFICIALS SAW TIGHTENING LIKELY APPROPRIATE `SOON', FOMC VOTERS: PRUDENT TO AWAIT EVIDENCE SLOWDOWN IS TRANSITORY.

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24May2017 Market Update: Wall Street Relatively Quiet Ahead Of The Fed's Expected Interest Rate Hike, WTI Crude Slips Fractionally And The US Dollar Trading Sideways

Written by Gary

US stocks were mostly flat early on this afternoon, aiming for a fifth straight day of gains, ahead of the minutes of the Federal Reserve's latest meeting that could be a expected interest rate hike next month.

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24May2017 Pre-Market Commentary: World Stocks Slip On China Downgrade, Ahead Of Fed Minutes Later This Afternoon

Written by Gary

US stock future indexes are flat (SPY +0.06%), but are poised to post another green session. Moody's has lowered China's credit rating to A1 from Aa3, WTI crude is lower, but remains in the 51 handle.

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