Latest Market News
Oil futures traded higher Wednesday after the Energy Information Administration reported a drop in U.S. crude inventories. West Texas Intermediate crude for February delivery CLG22, +0.86% CL00, +0.86% traded at $77.04 a barrel on the New York Mercantile Exchange, up $1.05, or 1.5%. The EIA said crude inventories fell by 3.576 million barrels in the […]
Shares of Facebook parent Meta Platforms Inc. FB, -0.54% dropped 0.8% in morning trading Wednesday, reversing earlier intraday gains of as much as 1%, after the Wall Street Journal reported that the social-media and metaverse company looked to divide lawmakers along party lines to forestall any bipartisan attempt to install tougher rules on social-media platforms. […]
U.S. stock benchmarks were trading flat to slightly higher Wednesday morning, a day after the Nasdaq Composite and S&P 500 halted a multi-session streak of gains. The Dow Jones Industrial Average DJIA, +0.30% was up 0.1% at around 36,425, the S&P 500 index SPX, +0.15% was up 0.1% at 4,793, while the Nasdaq Composite Index […]
Shares of Medallion Financial Corp. MFIN, -28.05% plummeted 56.5% toward a 13-month low in premarket trading Wednesday, to pace all premarket decliners, after the Securities and Exchange Commission charged the New York-based bank holding company and its Chief Operating Officer Andrew Murstein for engaging in “fraudulent schemes” to boost its stock price. The SEC’s complaint […]
Shares of cruise operators fell Wednesday, after the number of ships being investigated and observed by the Centers for Disease Control and Prevention as a result of COVID-19 cases reported has increased, fueling fears that the CDC could call for another pause in sailings. Shares of Carnival Corp. CCL, -0.71% dropped 0.9% in premarket trading, […]
Shares of Alaska Air Group Inc. ALK, +0.53% fell 0.8% in premarket trading Wednesday, after the air carrier said overnight that it will cut departures from Seattle by about 20%, as it continues to be feel the impact of severe winter weather and staffing shortages related to COVID-19. The company said decision to cut capacity, […]