The Dow Jones Industrial Average rose on Friday for its first daily gain in four sessions after the release of strong U.S. consumer data to end a volatile week. The Dow closed 112.11 points higher, or 0.4%, at 28,606.31. The S&P 500 eked out a small gain, closing at 3,483.81 and the Nasdaq Composite ended […]
The stock market reversed course and pushed higher on Friday morning, with many investors hoping that the Dow Jones Industrial Average (DJINDICES:^DJI) might finally be poised to climb into record territory before 2020 ends. Positive comments about the prospects for a coronavirus vaccine had some investors extremely excited, but plenty of uncertainty still looms ahead. […]
Oil futures slipped a bit on Friday as rising COVID-19 cases in the U.S. and Europe heightened worries about demand for crude, but prices finished higher for the week, partly due to assurances from OPEC+ that it remains committed to production cuts. The Organization of the Petroleum Exporting Countries and their allies, together known as […]
Shares of Boeing Co. BA, +1.89% shot up 5.6% in premarket trading Friday, to pace all of the Dow Jones Industrial Average’s DJIA, +0.39% gainers ahead of the open, after the EU’s aviation regulator said the aerospace giant’s 737 MAX aircraft could start flying again this year. The stock’s implied price gain would add about […]
Accurate information can be incredibly valuable to investors, especially in the midst of a confusing health crisis threatening the American economy. Unfortunately, access to that kind of intel is unequal. More proof of that came from a report by The New York Times describing how senior members of President Donald Trump’s economic team were privately […]
The dollar climbed on Thursday along with the safe-haven yen as signs the U.S. economy was stalling while fiscal stimulus appeared unlikely before the U.S. presidential election kept investors in a risk-off stance. The dollar strengthened as U.S. equities dropped on the heels of data that showed the labor market recovery is losing steam, while […]
Stock futures were muted in overnight trading on Friday as investors await the latest retail sales data. The Dow Jones Industrial Average futures slipped by 51 points. The S&P 500 futures and the Nasdaq 100 futures were both slightly lower. Retail sales data, due Friday at 8:30 a.m. ET, will offer an update on the […]
The OPEC+ group will look to ensure that prices do not plummet again as they did in the spring, OPEC’s Secretary General Mohammad Barkindo said on the Energy Intelligence Forum on Thursday. “I want to assure you that the OPEC, non-OPEC partnership will continue to do what it knows best, by ensuring that we don’t […]
SINGAPORE — China’s massive onshore bond market offers investors a level of returns that may be hard to find elsewhere in the current environment of low interest rates, a BlackRock portfolio manager said on Thursday. The U.S. investment giant has a “positive” view on the domestic bond market in China, where economic data and continued […]
Almost exactly a year ago, Amazon (NASDAQ:AMZN) launched its local website in Singapore — its first in Southeast Asia — taking aim at incumbent leaders Sea Limited’s (NYSE:SE) Shopee and Alibaba’s (NYSE:BABA) Lazada. The tech giant brought its usual smorgasbord of benefits to the city-state, promising free two- to three-day delivery on a broad assortment […]
U.S. stock futures were lower early Thursday morning as traders continued to weigh the prospects for a coronavirus aid deal being reached before next month’s election. Dow Jones Industrial Average futures were down 139 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory. Treasury Secretary Steven Mnuchin said on Wednesday that […]
The stock market gave up more ground on Wednesday, although it wouldn’t be fair to characterize the drop as a rout. Investors seemed concerned that there might not be any action from the federal government to boost spending until well into November at the earliest. That helped send major market benchmarks down, with losses limited […]
