After failing to sustain an initial upward move, stocks turned in a lackluster performance over the course of the trading day on Friday. The choppy trading came despite the release of a relatively upbeat monthly employment report. The major averages eventually closed mixed for the third consecutive session.
With the potential economic benefits seen as outweighing the environmental concerns, the results of a new Washington Post-ABC News poll found that a vast majority of Americans support the construction of the Keystone XL oil pipeline. The poll found that 65 percent of Americans think the government should approve construction of the pipeline, while just 22 percent disagree.
Reflecting dissatisfaction with the two major political parties among younger Americans, the results of a new Pew Research Center survey found that half of Millennials now describe themselves as political independents.
After ending the previous session mixed, stocks are turning in another lackluster performance during trading on Friday. The choppy trading on Wall Street comes despite the release of a relatively upbeat monthly jobs report. The major averages are currently on opposite sides of the unchanged line.
U.S. President Barack Obama and his Russian counterpart Vladimir Putin held a one-hour phone call on Thursday but seemed to remain far apart on the issue of Ukraine. During the call, Obama reiterated his assertion that Russia's actions are in violation of Ukraine's sovereignty and territorial integrity.
After failing to sustain an initial upward move, stocks have turned mixed in early trading on Friday. The major averages have pulled back off their highs for the young session, with the tech-heavy Nasdaq once again sliding into negative territory.
With imports increasing by slightly more than exports, the Commerce Department released a report on Friday showing that the U.S. trade deficit edged wider in the month of January. The report showed that the trade deficit widened to $39.1 billion in January from a revised $39.0 billion in December.
Employment in the U.S. increased by more than anticipated in the month of February, according to a report released by the Labor Department on Friday, although the unemployment rate still unexpectedly ticked higher. The Labor Department said non-farm payroll employment rose by 175,000 jobs in February compared to economist estimates for an increase of about 150,000 jobs.
Stocks are likely to move to the upside in early trading on Friday on the heels of the release of an upbeat monthly jobs report. The major index futures are currently pointing to a notably higher open for the markets, with the Dow futures up by 82 points.
German industrial production increased for a third straight month in January, as a mild winter boosted construction output, and signaled accelerating momentum in euro area's biggest economy. Industrial production rose a seasonally-and-calendar-adjusted 0.8 percent month-on-month, following a 0.1 percent rise in December, which was revised from a 0.6 percent fall.
Athletic apparel and footwear retailer Foot Locker, Inc. reported Friday a profit for the fourth quarter that increased from last year, reflecting revenues growth. Sales at established stores also grew 5.3 percent. Both adjusted earnings per share and quarterly sales topped analysts' expectations.
Broadline closeout retailer Big Lots Inc. (BIG) Friday reported lower profit for the fourth quarter as sales declined, yet topped estimates. The company approved a share repurchase program earlier this week to buy back up to $125 million of common shares.
Nervousness on Wall Street is palpable, as traders await the all important jobs report. The major U.S. index futures point to a nearly flat opening on Friday. Earlier in the global trading day, Asian stocks had a mixed outing, while the European markets are showing weakness. The domestic market may be all ears to the non-farm payrolls report.
The L'OREAL-UNESCO Awards for Women in Science - 2014 has been announced. This year's laureates are honored for major scientific advancements that are helping solve some of society's greatest challenges, including cancer, depression and addiction. The awards were announced in the run-up to International Women's Day, observed on March 8. Every year, one outstanding woman scientist each from
Telecom Italia Group Friday reported a narrower loss for full year 2013, reflecting a fall in impairment loss on goodwill. The Italian telecom company also scrapped its dividend for common share for 2014, as it aims using the available resources for innovative investments plan.