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Major market averages dipped at the open after a slew of economic data on what is expected to be a light trading Friday ahead of the Christmas holiday.Early on and the Nasdaq Composite (COMP.IND) was lower by 0.8%, the S&P 500 declined by 0.3% and the Dow (DJI) slid 0.3%.The broader market would ne…

US stocks traded sharply lower on Thursday, with the Dow Jones losing nearly 350 points, the S&P 500 falling 1.2% and the Nasdaq 1.6%, as fresh economic data raised concerns that further monetary tightening would be necessary which could push the economy into a recession.The final estimate for GDP…

U.S. STOCKS GAIN IN EARLY TRADE AS NIKE LEADS (1030 EST/1530 GMT) Major U.S. indexes are higher in early trade on Wednesday, putting them on track for a second straight advance, buoyed by a surge in Nike shares after the athletic apparel retailer posted quarterly results. The gains in Nike…

Energy stocks were rallying premarket Wednesday with the Energy Select Sector SPDR Fund AMEX:XLE recently climbing nearly 2%. The United States Oil Fund AMEX:USO and the United States Natural Gas Fund AMEX:UNG were up nearly 3%. Front-month US West Texas Intermediate crude oil was up 2.1% at $77.85…

Major market averages opened trading higher on Wednesday morning after the markets clawed back a gain in the previous session.Early on and the Dow (DJI) gained 0.9%, the S&P 50 (SP500) picked up 0.7%, and the tech heavy Nasdaq (COMP.IND) was higher by 0.4%.Rates were lower after a volatile session…