Category: Market News
Cannabis stocks extended their late Thursday-rally premarket Friday, after a report that the U.S. House of Representatives is planning to vote for the second time on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act that would legalize cannabis at the federal level next week. The news was reported in a Thursday article in Marijuana Moment. […]
Shares of financial and insurance company Assurant Inc. AIZ, +0.88% on Thursday rose 2.2% to an all-time high of $182.87 after the financial services company held an investor day. Truist analyst Mark Hughes on Friday hiked his price target to $220 a share from $210 and reiterated a buy rating on the stock. He also […]
Salesforce.com Inc. CRM, -1.38% announced Friday that it will change its legal name to Salesforce Inc., effective April 4. The customer relationship managemet software company said its stock will continue to trade on the NYSE under the ticker symbol “CRM.” The stock edged up 0.4% in premarket trading. It has tumbled 15.8% year to date […]
Baker Hughes BKR, +1.12% on Friday reported that the number of active U.S. rigs drilling for oil was up by seven to 531 this week. That followed a decline of three oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, also climbed […]
Gold futures settled lower on Friday as traders continued to watch developments in the Russia-Ukraine war and assessed the largely hawkish comments from Federal Reserve officials this week. “Gold prices have recovered some of their mojo this week, although we still remain well below the highs of this month,” said Michael Hewson, chief market analyst […]
Shares of Teva Pharmaceutical Industries Ltd. TEVA, +5.51% hiked up 5.0% toward a six-week high in afternoon trading Friday, putting them on track for a ninth-straight gain, after Bernstein analyst Aaron Gal turned bullish on the “long suffering” generic drug maker. The stock, which has suffered yearly declines the past six years, has run up […]
U.S. stocks zigzagged Friday to end mostly higher heading into the weekend after reports of a Saudi oil refinery attack pushed elevated crude prices higher. The three major equity also booked another week of gains. The Dow Jones Industrial Average DJIA, +0.44% advanced about 153 points, or 0.4%, ending near 34,861 Friday, but was up […]
Signs of trouble continue to show up in the world’s largest, most liquid government-securities market as government bonds logged their worst week in years and the U.S. central bank’s interest rate hiking cycle gets under way. All six of the gauges used to monitor U.S. Treasury market depth — or the ease with which securities […]
Oil futures finished higher on Friday, giving up earlier losses as reports of an attack on a Saudi oil facility renewed worries about tight global crude supplies. Oil prices had been trading lower before the news of the attack, after the European Union didn’t ban much-needed oil from Russia, like its U.S. counterpart did earlier […]
Signs of trouble continue to show up in the world’s largest, most liquid government-securities market as the U.S. central bank’s rate-hike cycle gets under way. All six of the gauges used to monitor Treasury market depth — or the ease with which securities can be bought and sold, without significantly impacting their prices — have […]