Category: Market News
The numbers: A survey of American consumer sentiment fell to 68.8 in January from 70.6 in the prior month owing to fresh worries about the coronavirus omicron variant and high inflation, signaling another rough patch for the economy. The latest reading in the University of Michigan sentiment index was the second lowest in the past […]
U.S. business inventories jumped 1.2% in November, the government said Friday. Sales rose 0.7% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, rose to 1.25 from 1.24. That’s how many months it would take to […]
Analysts at RBC Capital Markets have downgraded their rating on Ford Motor Co. F, +0.68% stock to the equivalent of hold, saying in a note late Thursday that despite their belief that the auto maker’s turnaround is “well underway” and Ford can continue to transition toward a future dominated by electric vehicles, autonomous vehicles, and […]
Baker Hughes BKR, +4.53% on Friday reported that the number of active U.S. rigs drilling for oil was up by 11 to 492 this week. That followed a rise of just one oil rig the week before, and marked the biggest weekly climb since October, Baker Hughes data show. The total active U.S. rig count, […]
Gold futures declined on Friday, giving up earlier gains, but holding onto a climb for the week. Colin Cieszynski, chief market strategist at SIA Wealth Management, attributed the day’s pullback in prices partly to profit-taking ahead of the long weekend, with regular trading closed Monday for the Martin Luther King Jr. holiday. However, a decline […]
Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron’s and USA Today. Follow him on Twitter @jswartz. Source: Marketwatch
Stocks posted a mixed finish Friday after December retail sales showed an unexpected drop and as investors digested results from major banks as earnings season got under way. The Dow Jones Industrial Average fell around 202 points, or 0.6%, to close near 35,912, while the S&P 500 SPX, +0.08% rose around 4 points, or 0.1%, […]
Oil prices climbed sharply on Friday as tensions between Russia and Ukraine intensified. “From an energy standpoint, this could be a seismic event,” said Phil Flynn, senior market analyst at The Price Futures Group. Russia is not only a major oil producer but Europe, in their rush to get off of fossil fuels, has “become […]
President Joe Biden will hold a news conference on Wednesday at 4 p.m. Eastern, White House press secretary Jen Psaki announced Friday. The event will come a day before Biden reaches his one-year mark as president. Biden has held fewer news conferences than any of his five immediate predecessors at the same point in their […]
Shares of Sirius XM Holdings Inc. SIRI, -3.77% slid 3.8% toward a six-week low in morning trading Friday, after J.P. Morgan analyst Sebastiano Petti turned bullish on the satellite radio company, amid continued weakness in U.S. auto sales as semiconductor shortages and supply chain issues crimp supply. The stock is on track to snap a […]
