Category: Market News

Gold futures fell on Friday, contributing to a weekly loss of more than 1%, with prices pressured in part by strength in the U.S. dollar and a rise in 10-year Treasury yields in the wake of a sizable rise in March U.S. nonfarm payrolls. Still, Colin Cieszynski, chief market strategist at SIA Wealth management, said […]

U.S. stocks finished higher Friday, with the S&P 500 and Nasdaq Composite booking a third straight week of gains, as investors focused on a strong labor market that could smooth the way for a more aggressive path of interest rate hikes from the Federal Reserve as it seeks to tackle hot inflation. The Dow Jones […]

U.S. oil futures ended lower on Friday, logging a nearly 13% loss for the week – the biggest such loss for a front-month contract since late April 2020, according to Dow Jones Market Data. The U.S. announced Thursday that it will release 1 million barrels of oil a day for the next six months, and […]

Morgan Stanley’s MS, -1.10% investing unit Morgan Stanley Infrastructure Partners said Thursday it paid an undisclosed sum to acquire New Zealand ferry operator StraitNZ from Australian firm CPE Capital Oty Ltd. The purchase price was more than $500 million, according to a report by the Australian Financial Review. Mark McLean, managing director and head of […]

Stocks opened to the upside Friday, posting modest gains after data showed the U.S. economy added 431,000 jobs in March and the unemployment rate dropped to 3.6% from 3.8%. The Dow Jones Industrial Average DJIA, +0.14% rose 76 points, or 0.3%, to 34,755, while the S&P 500 SPX, +0.10% edged up 0.3% to 4,544 and […]

Watsco Inc. WSO, -1.15% said Friday it will raise its quarterly dividend by 13%, to boost the heating, air conditioning and refrigeration (HVAC/R) distributor’s dividend yield to more than double that of the S&P 500. The company said the new dividend of $2.20 a share, up from $1.95 a share, will be payable April 29 […]

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

Published: March 31, 2022 at 11:07 a.m. ET President Joe Biden plans to order the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, senior Biden administration officials told reporters on Thursday. Reports late Wednesday said Biden looked poise to order such a release. […]

Rail Vision Ltd. RVSN, -25.18% received a very cool reception on Wall Street, as the Israel-based railway-safety technology company’s shares opened 24% below the initial public offering price, then kept falling. The company raised $15.6 million in the upsized IPO, as it sold 3.79 million share units at $4.13 each, which was the bottom of […]

Gold futures settled higher Thursday, posting a gain for the month as well as the quarter. “Gold will remain headline driven and seems poised to make another run higher as the latest Russian move on gas contracts suggests a breakthrough in peace talks seems very far away,” said Edward Moya, senior market analyst at OANDA. […]