News

The S&P 500 failed to extend advance – are bears taking over again?

Elliott Wave Forecast suggests ITC remains in a bullish cycle with further upside ahead as long as key levels hold.

Shoe Carnival came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.

Alphabet share price is trading near $172.2 in Friday’s premarket session, edging up from Thursday’s close of $171.8.

GBP/USD managed to rebound from the multi-day low it set early Thursday and ended the day with small gains. The pair struggles to gather directional momentum early Friday and trades in a narrow band below 1.3500.

United States Personal Consumption Expenditures – Price Index (MoM) meets expectations (0.1%) in April

United States Personal Consumption Expenditures – Price Index (YoY) came in at 2.1%, below expectations (2.2%) in April

Raising the retirement age to 70 would help Social Security’s trust fund shortfall. But experts say an across-the-board change may hurt some beneficiaries.

The Euro (EUR) is firming against the British Pound (GBP) on Friday, with EUR/GBP holding above the 100-day Simple Moving Average (SMA) near 0.8415.

United States Baker Hughes US Oil Rig Count fell from previous 465 to 461