Category: Market News

The U.S. Dollar Index DXY, +0.54% rose almost 0.7% on Friday to 101.25, a level last seen in March 2020 when investors world-wide piled into the greenback during the onset of the COVID-19 pandemic. The dollar is getting a lift from expectations that the Federal Reserve is about to start aggressively hiking rates in order […]

There is no sign of panic selling activity, despite the stock market’s biggest drop off in seven weeks, according to the Arms Index that tracks market internals. The Arms is a volume-weighted breadth measure that tends to rise above 1.000 during market declines and fell below 1.000 during rallies. Many Arms followers believe readings above […]

Value Line Inc. VALU, -19.19% said Friday it will raise its quarterly dividend by 13.6%, to 25 cents a share from 22 cents. The investment research provider’s new dividend will be payable May 11 to shareholders of record on May 2. Based on current stock prices, the new annual dividend rate implies a dividend yield […]

Gold futures fell Friday, down a fourth straight session, to post a loss of 2.1% for the week, according to Dow Jones Market Data. Prices fell “agonisingly short of $2,000 an ounce earlier this week, before slipping back,” said Michael Hewson, chief market analyst at CMC Markets UK. They finished the week lower, as another […]

Oil futures settled lower on Friday, contributing to a loss for the week. Market bears are concerned that “oil demand may not persist amidst the cloudy macro-economic environment,” said Manish Raj, chief financial officer at Velandera Energy Partners. “On the one hand we have [a] potential GDP slowdown due to rising interest rates and on […]

Powell spoke on Thursday, not Wednesday. This article has been corrected. Stocks fell sharply Friday afternoon, with the Dow down nearly 900 points as losses on Wall Street intensified ahead of the weekend. The Dow industrials skid 886 points, or 2.5%, to about 33,909, heading for its worst daily percent decline since Nov. 26, 2021, […]

The 2-year Treasury yield TMUBMUSD02Y, 2.721% advanced two basis points to almost 2.72% on Friday, incrementally climbing to another fresh high last seen in December of 2018, according to FactSet data as of 3 p.m. Eastern time. The rate climbed around 28 basis points for the week as traders began to price in the likely […]

U.S. stocks remained on track for the biggest one-day drop since early March, but came off session lows after Cleveland Federal Reserve Bank President Loretta Mester said she didn’t see a need for a 75 basis point rate hike. In a CNBC interview, Mester said she would prefer a “methodical approach” rather than the “shock” […]

Stocks finish sharply lower Friday to book weekly losses, as Wall Street focused on a potentially compressed timeline for the Federal Reserve to swiftly raise interest rates in a bid to curtail inflation at 1980s levels. The Dow Jones Industrial Average DJIA, -2.82% shed about 981 points, or 2.8%, ending near 33,811. It marked the […]

With the S&P 500 SPX, -2.53% tumbling 2.2%, toward the biggest one-day selloff in about seven weeks, only 30 of the index’s components are trading higher. The biggest gainer is SVB Financial Group’s stock SIVB, +8.85%, which rallied 10.7% after the banking company reported late Thursday first-quarter profit and revenue that beat expectations. The next […]