Category: Market News
President Joe Biden defended his campaign promises Wednesday, despite high inflation and a lack of progress for his Build Back Better plan, as well as other legislative setbacks. “I didn’t over promise,” Biden said during a press conference that came at the one-year mark of his presidency. “I have probably outperformed what anybody thought would […]
Gold futures settled higher Wednesday for the first time in four sessions and silver rallied by more than 3%, with both precious metals settling at their highest prices since November. “Gold has been largely ignoring the inflation data and instead focusing on how the [Federal Reserve] might respond to those data,” said Peter Grant, vice […]
Coca-Cola Co. KO, -0.07% said Wednesday that it will use a limited number of self-driving vehicles to deliver its latest launches to customers in Chicago, Los Angeles and New York. Starting today, customers can go to a special website to sign up for a delivery of the new items in less than an hour, while […]
U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.7 million in December, representing a 1% increase from the previous month, the U.S. Census Bureau reported Wednesday. Compared with December 2020, housing starts were up 2.5%. Meanwhile, permitting for new homes occurred at a seasonally-adjusted annual rate of 1.87 million, […]
Exxon Mobil XOM, +1.68% was upgraded to sector perform from underperform at RBC Capital Markets, which lifted its price target to $90 from $70. Analyst Biraj Borkhataria said the firm was wrong on Exxon last year and that the oil giant has gone from the brink of a potential dividend cut to significant free cash […]
Gold futures end lower for a third straight session – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 18, 2022 at 1:45 p.m. ET Gold futures settled lower on Tuesday, marking a third straight session decline as bond yields […]
The Russell 2000 is taking the brunt of the broader market’s selloff, as the small-capitalization companies tracker is sinking 2.4% to put it on track for the lowest close since Jan. 29, 2021. The index has tumbled 13.6% since it closed at a record 2,442.74 a little over two months ago (Nov. 8). The selloff […]
Despite the broad, sharp selloffs in the Big 3 stock market indexes, market internals suggest there is no panic in the selling, and there may even be signs that investors are looking to buy on the dip. The NYSE Arms Index, a volume-weighted breadth measure that tends to rise above 1.000 during market selloffs and […]
Oil prices rose Tuesday to mark their highest settlement since 2014. “A lot of fundamentals just flipped to bullish and that could have oil prices continue to push higher,” said Edward Moya, senior market analyst at OANDA. “The Houthi drone attack on the UAE reignited worries about potential supply disruptions in the region,” and OPEC+ […]
Oil futures gained more ground in electronic trading late Tuesday, with U.S. benchmark prices near $87 a barrel after settling at their highest level in more than seven years. Turkey’s state pipeline operator Botas said it cut oil flow through the Kirkuk-Ceyhan crude oil pipeline after an explosion near the southeastern province of Kahramanmaras in […]
