Category: Market News
President Joe Biden on Friday addressed his administration’s response to an ongoing U.S. baby-formula shortage, with his remarks coming as he responded to reporters’ questions after his speech on policing. “There’s nothing more urgent we’re working on than that right now, and I think we’re going to be making some significant progress very shortly,” Biden […]
U.S. stocks finished higher Friday, but with the Dow still ending a seventh week in a row lower, as investors worried about the Federal Reserve’s ability to tamp down high inflation without kicking the economy into a recession. The Dow Jones Industrial Average DJIA, +1.47% gained about 465 points Friday, or 1.5%, ending near 32,196. […]
Stock market internals suggest investors are exhibiting panic-like buying behavior as the market indexes rally, according to the Arms Indexes of both major exchanges. The Arms is a volume-weighted breadth measure that compares the ratio of advancing stocks to declining stocks to the ratio of advancing volume to declining volume, in order to gauge the […]
Gold futures finished at a 14-week low on Friday, extending their slide into a fourth straight week, as safe-haven demand for the dollar kept pressure on the yellow metal. Gold for June delivery GCM22, -0.96% lost $16.40, or 0.9%, to settle at $1808.20, the lowest closing value for the most-active contract since Feb. 4, 2022, […]
Poshmark Inc. [posh shares soared 24.6% in Friday trading after the seller of new and secondhand items reported better-than-expected first-quarter results. Net loss totaled $14.0 million, or 18 cents per share, after a loss of $74.1 million, or $1.18 per share last year. Revenue of $90.9 million was up from $80.7 million last year. The […]
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
The daily average for new COVID-19 cases climbed to a three-month high as hospitalizations have also increased, while deaths slipped. The seven-day average of new cases was 87,522 on Thursday, up 59% in two weeks and the highest number seen since Feb. 21, according to a New York Times Tracker. The state with the biggest […]
Gold futures finished sharply lower on Thursday as a surging dollar pushed higher on inflation concerns. June gold GCM22, -0.12% shed about 1.6%, or $29.10, ending at $1,824.60 an once on Comex. That was the biggest daily percentage decrease for the most-active gold contract since May 2, according to FactSet data. The precious metal came […]
The House committee probing the Jan. 6 attack on the U.S. Capitol has subpoenaed House Minority Leader Kevin McCarthy and four other Republican lawmakers as part of its investigation into the causes of the insurrection. In addition to McCarthy, of California, the panel subpoenaed Reps. Scott Perry of Pennsylvania, Jim Jordan of Ohio, Andy Biggs […]
Stock-index futures ended mostly lower Thursday, but finished above session lows as investors continued to fret over inflation and the Federal Reserve’s response. The Dow Jones Industrial Average DJIA, -0.33% closed with a loss of around 104 points, or 0.3%, near 31,730, according to preliminary figures, after trading as low as 31,228.22. The S&P 500 […]