wallstreet4-103112_17Nov17.jpg While selling pressure was relatively subdued, stocks saw modest weakness during trading on Friday. The major averages all moved to the downside, with the tech-heavy Nasdaq pulling back off the record closing high set in the previous session.

After moving lower early in the session, stocks continue to see modest weakness in mid-day trading on Friday. Selling pressure has remained relatively subdued, however, limiting the downside for the major averages.


Stocks are seeing modest weakness in morning trading on Friday following the strong upward move seen in the previous session. The tech-heavy Nasdaq is pulling back off the record closing high set on Thursday.


Following the strong upward move seen in the previous session, stocks may show a lack of direction in early trading on Friday. The major index futures are currently pointing to a mixed open for the markets, with the Dow futures down by 45 points and the Nasdaq futures up by 3 points.


Wall Street To Open Broadly Down

Housing Starts Report and E-Retail sales reports are the major announcements on Friday. The early signs from the Futures market suggest that Wall Street might open broadly lower. Asian shares closed broadly higher, while European shares are trading mixed.

Sensex Jumps 235 Points After Moody's Upgrade; Nifty Ends At 10,283

Indian shares posted strong gains for the second day in a row on Friday, bonds rallied and the rupee strengthened sharply against the dollar after Moody's Investors Service upgraded India's sovereign rating for the first time in 14 years. Moody's also changed the rating outlook to 'stable' from 'positive'...

Sensex, Nifty Set To Extend Rally After Moody's Upgrade

Indian shares look set extend the previous session's rally on Friday after Moody's Investors Service upgraded India's local and foreign currency issuer ratings to 'Baa2' from 'Baa3' and changed the rating outlook to 'stable' from 'positive' saying the economic and institutional reforms pushed through...

Dollar Falling Despite Strong Housing Data

The dollar is down against all of its major rivals Friday afternoon, due to reports that Special Counsel Robert Mueller issued subpoenas to over a dozen top Trump campaign officials in mid-October, calling for documents and emails related to Russia. It was a light day on the U.S. economic front, but...

The Swiss Stock Market Climbed On Novartis Strength

The Swiss stock market ended Friday's session with a small increase, bucking the overall trend in Europe. The market ended the trading week with a small gain, after ending the previous week lower. Reports that Special Counsel Robert Mueller issued subpoenas to over a dozen top Trump campaign officials...

TSX Back Near 16,000 As Energy Improves -- Canadian Commentary

The Canadian market was in a better mood Friday as oil prices showed a strong move back to the upside. The TSX Composite Index was up 63 points or 0.4 percent to 15,998,57, trimming this week's losses. The index topped 16,000 for the first time ever earlier this month. Energy stocks added 0.4 percent....

Crude Oil Rebounds On Weak Dollar

Crude oil futures rose Friday morning as the U.S. dollar weakened on political upheaval related to the Trump Administration. Reports say investigators are linking Trump's successful to Russia, a potential hurdle to the president's pro-growth economic agenda that includes major tax reforms. WTI...

Treasuries Close Roughly Flat Following Choppy Trading Session

Treasuries showed a lack of direction over the course of the trading session on Friday before ending the day roughly flat. After seeing initial weakness, bond prices rebounded in morning trading but pulled back going into the close.

Stocks May Show A Lack Of Direction

The major U.S. index futures are pointing to a mixed opening on Friday following the strong upward move seen in the previous session. While the Dow futures are down by 45 points, the Nasdaq futures are up by 3 points. Traders may be reluctant to make significant moves amid some uncertainty about the...
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