After trending lower over the past several sessions, stocks saw a significant rebound over the course of the trading day on Friday. The strong gains on the day halted five-day losing streaks by both the Dow and the S&P 500.
In the first poll conducted since the primary season got underway, real estate tycoon Donald Trump continues to lead in the South Carolina Republican primary. Results of the Opinion Savvy poll released on Friday showed that Trump is the first choice of 36 percent of likely South Carolina primary voters.
A bill to impose tougher sanctions on North Korea easily cleared the House on Friday and now heads to President Barack Obama's desk. The House voted 408 to 2 in favor of the North Korea Sanctions Enforcement Act.
In an effort to provide relief for the nation's restaurants, grocery and convenient stores, the House approved legislation Friday to scale back regulations requiring nutrition information on menus. The House voted 266 to 144 in favor of the Common Sense Nutrition Disclosure Act.
After moving notably higher at the start of trading on Friday, stocks have seen some further upside over the course of the trading session. The gains on the day have partly offset the steep drop seen over the past several sessions.
After moving higher at the open, stocks have remained mostly positive over the course of early trading on Friday. The major averages have all moved to the upside on the heels of the downtrend seen over the past several sessions.
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of February, according to a report released by the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for February came in at 90.7 compared to the final January reading of 92.0.
President Barack Obama announced Thursday he is nominating Dr. John B. King, Jr. to officially take over as Secretary of Education. King has served as Acting Secretary of Education since former Education Secretary Arne Duncan stepped down at the end of last year.
Reflecting increases in retail and manufacturing inventories, the Commerce Department released a report on Friday showing a modest uptick in U.S. business inventories in the month of December.
UK-based homebuilder Countryside Properties said Friday that its initial public offering values the company at 1.013 billion pounds, or about $1.46 billion. The company priced its 135 million shares in the IPO on the London Stock Exchange at 225 pence per share, at the low end of its previously forecast range of 225 pence to 275 pence per share.
Reflecting another steep drop in fuel prices, the Labor Department released a report on Friday showing a notable decrease in U.S. import prices in the month of January. The report said import prices tumbled by 1.1 percent in January, matching the revised decreased reported for December.
Partly reflecting an increase in auto sales, the Commerce Department released a report on Friday showing that U.S. retail sales rose by slightly more than anticipated in the month of January. The Commerce Department said retail sales climbed by 0.2 percent in January compared to economist estimates for a 0.1 percent uptick.
Stocks are likely to move to the upside in early trading on Friday after trending lower over the past several sessions. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 154 points.
Subsequent to the shutdown of the Kaesong Industrial Zone, South Korea has cut off all its communication hotlines with Democratic People's Republic of Korea.
Democratic presidential aspirants Hillary Clinton and Bernie Sanders Thursday sparred over issues like racism, immigration and their view of President Barack Obama during their first debate since the New Hampshire primary. However, both agreed on the state of the country's economy. Clinton, who lost to Sanders in the New Hampshire primary on Tuesday, cited her experience and expertise that she ga