Day: September 26, 2022
Shares of Redfin Corp. RDFN, -5.33% slid 4.2% toward a record low and a record-tying losing streak, as another jump in Treasury yields spooked investors who have been concerned over a housing recession. The real estate services company’s stock has plunged TK% amid an eight-day losing streak, which matches the previous record losing streak of […]
The Dow Jones Industrial Average DJIA, -1.11% is on track to finish Monday’s session in its first bear market in more than two years. Dow industrials were down by more than 200 points, or 0.8%, at 29,342 in the final hour of trading. A close at or below 29,439.72 would mark a pullback of at […]
Oil futures fell Monday for a second session in a row, holding ground at their lowest prices since January. “Global macro risks and energy policy risk across Europe continues to support the U.S. dollar, making oil even more expensive in European markets already struggling with inflation and leading to further deterioration in oil demand outlooks,” […]
Shares of Macy’s Inc. M, -3.24% dropped 2.5% in midday trading Monday toward an 18-month low, after the department store chain announced plans to hire more than 41,000 seasonal employees before the holidays, down 46% from the previous year’s hiring plans. The full- and part-time seasonal hires will be for Macy’s namesake stores, as well […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
• USDJPY reversed from key support level 142.00• Likely to rise to resistance level 148.00 USDJPY currency pair recently reversed up from the key support level 142.00 (lower boundary of the sideways price range inside which the pair has been moving from the start fop September). The upward reversal from the support level 142.00 started […]
• USDCAD rising inside impulse wave (3) • Likely to reach resistance level 1.3760 USDCAD currency pair continues to rise inside the sharp intermediate impulse wave (3), which previously broke the two intersecting up channels from April and August. The pair is under the bullish pressure due to the simultaneous strong bullish USD sentiment and […]
British American Tobacco BATS, +0.40% BTI, -1.64% said Monday it invested an undisclosed sum for a non-controlling minority stake in German cannabis company Sanity Group GmbH. The cigarette maker said the investment in Sanity Group complements its research and development deal with Canada’s Organigram Holdings Inc. OGI, -0.06% announced in 2021. “Investing in Sanity Group […]
The first state visit of the Biden administration is slated to take place on Dec. 1 when French President Emmanuel Macron and his wife, Brigitte Macron, come to the U.S., said White House press secretary Karine Jean-Pierre during a briefing for reporters on Monday. “We work closely with France on the full range of global […]
Gold futures declined Monday, with prices for the most-active contract ending at their lowest since early April 2020. “Last week’s series of interest rate hikes by central banks had put gold under heavy near-term pressure and with no prospect of the banks changing course in the coming months, the medium-term outlook also looks gloomy for […]
