Stocks moved to the downside in early trading on Thursday but showed a significant turnaround over the course of the session. The major averages climbed well off their lows of the session and into positive territory, with the tech-heavy Nasdaq leading the rebound. The major averages once again finished the day at new record closing highs.
The Wisconsin Department of Health Services (DHS) on Wednesday reported the state's first mpox cases of the year after identifying a cluster of infections. According to DHS, five mpox cases had been reported in Wisconsin as of May 3. The cases were found in southeastern and northern parts of the state. Health...
After reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than expected in the month of April. The Commerce Department said new home sales plunged by 6.2 percent to an annual rate of 622,000 in April after surging by 3.4 percent to a revised rate of 663,000 in March.
Revised data released by the Commerce Department on Thursday showed the U.S. economy grew by less than previously estimated in the first quarter of 2026. The report said real gross domestic product shot up by 1.6 percent in the first quarter, reflecting a downward revision from the previously reported 2.0 percent surge.
After moving to the downside early in the session, stocks have shown a notable turnaround over the course of the trading day on Thursday. The major averages have climbed well off their lows of the session and into positive territory. Currently, the Nasdaq and S&P 500 are just off their highs of the session.
A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods soared by much more than expected in the month of April. The Commerce Department said durable goods orders spiked by 7.9 percent in April after jumping by an upwardly revised 1.3 percent in March.
The Commerce Department released a report on Thursday showing consumer prices in the U.S. increased by slightly less than expected in the month of April. The report said the personal consumption expenditures (PCE) price index rose by 0.4 percent in April after climbing by 0.7 percent in March. Economists had expected prices to increase by 0.5 percent.
Multiple studies in recent years have highlighted the extensive, and often devastating damage war can have on the long-term mental health of children living in conflict zones. Data from two such studies conducted in Ethiopia demonstrated the impact of persistent, disruptive armed conflict on children's...
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended May 23rd. The Labor Department said initial jobless claims climbed to 215,000, an increase of 5,000 from the previous week's revised level of 210,000. Economists had expected jobless claims to rise to 213,000.
CDC has issued a new food safety alert in the wake of two separate Salmonella outbreaks linked to moringa leaf products. Eighteen people across 14 states have fallen sick with the same strain of Salmonella. Out of them, seven people have been hospitalized, while no deaths were reported. Information...
The Office of the United States Trade Representative has announced that the United States and Mexico will hold a series of bilateral negotiating rounds related to the first Joint Review of the United States-Mexico-Canada Agreement, or USMCA. On May 28-29, Deputy US Trade Representative Ambassador...
After ending yesterday's choppy trading session modestly higher, stocks may move back to the downside in early trading on Thursday. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent. A rebound by the price of crude...
Despite hopes of a possible agreement, Iran and the U.S. are engaged in new 'defensive' strikes. Early cues from the U.S. Futures Index suggest that Wall Street might open lower. Oil prices rebounded in the Asian trading sesssion. Brent crude futures for August delivery were up 2.2 percent at $94.29...
Shares of Dollar Tree Inc. were climbing around 13 percent in the pre-market activity on Nasdaq, after the discount retailer on Thursday issued positive second-quarter comparable store sales outlook and raised fiscal 2026 earnings view on strong demand, after reporting higher first-quarter results. Separately, Dollar Tree announced a new partnership with commerce platform DoorDash Inc.
Sea level data from a satellite launched by NASA and European partners shows that a swell of warm water hundreds of miles wide has arrived in the Pacific Ocean off the coast of South America, a sign that El Niño will likely emerge later in the year. Because water expands as it warms, a rise in elevation of an area of the ocean indicates increasing ocean temperatures. El Niños can cause heavy rain
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.