Category: Market News
President Joe Biden on Friday touted a much better-than-expected jobs report, saying “America is back to work” after the government reported that the U.S. added 467,000 jobs in January and hiring was much stronger at the end of 2021 than originally reported. “America’s jobs machine is growing stronger than ever,” Biden said in remarks at […]
Baker Hughes BKR, +1.57% on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 497 this week. That followed a climb of four oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by […]
Shares of General Electric Co. GE, +0.70% rose 0.8% in afternoon trading Friday, to put them on track for the longest win streak in nearly six years. The industrial conglomerate’s stock has gained 11.0% amid its current seven-day streak of gains, which was launched after the stock dropped 7.8% in two days following fourth-quarter results […]
The Dow Jones Transportation Average DJT, -1.65% is taking a 229-point, or 1.5% dive, in afternoon trading, with 18 of 20 components trading lower, despite the rallies in the broader stock market indexes. Leading the transports lower, shares of trucker Old Dominion Freight Inc. ODFL, -5.52% sank 5.1%, marine shipping company Matson Inc. MATX, -5.10% […]
Oil futures rallied on Friday, with U.S. benchmark prices marking their highest settlement since September 2014. Oil prices soared as “winter storms sweep across the U.S., boosting demand for heating oil,” and as “supply concerns persist and financial players turn away from traditional tech stocks in favor of less volatile commodities,” said Bjørnar Tonhaugen, head […]
Published: Feb. 4, 2022 at 3:00 p.m. ET The Federal Reserve said Friday that its board has voted to name Jerome Powell as “chair pro tempore” to allow him to continue to lead the central bank even though his official term has expired. The Senate is expected to vote in mid-February on President Joe Biden’s […]
Peloton Interactive Inc. PTON, +1.44% shares jumped more than 35% in after-hours trading Friday after a report that potential acquirers including Amazon.com Inc. AMZN, +13.54% are sizing up the exercise equipment maker. The Wall Street Journal reported Friday afternoon, citing “people familiar with the matter,” that Amazon had hired advisers to discuss a potential deal […]
Former Vice President Mike Pence on Friday said ex-President Donald Trump was “wrong” in claiming that Pence could have overturned the 2020 election results when he presided over the congressional certification on Jan. 6, 2021, of Joe Biden’s victory in the Electoral College. “I heard this week that President Trump said I had the right […]
Gold futures finished higher on Friday, tallying a gain of more than 1% for the week. Prices had briefly fallen below the key $1,800 mark during the session, after data showed a bigger-than-expected monthly rise in U.S. jobs. The “surprisingly strong nonfarm payroll report sent expectations soaring that the [Federal Reserve’s] near-term tightening will be […]
U.S. stock benchmarks were trading mixed Friday morning but market internals suggest that investors on New York Stock Exchange-listed are in a buying mood. The Arms Index Arms Index, a volume-weighted breadth measure, fell to 0.466, while many on Wall Street see declines below 0.500 as suggesting panic buying. The Arms Index is calculated by […]
