Category: Market News

Shares of Apple Inc. AAPL, +0.47% rose 0.8% in afternoon trading Friday, putting them on track to close above the widely followed 50-day moving average (DMA) for second straight session. The last time the technology behemoth’s stock closed in back-to-back sessions above that key technical level, which many chart watchers view as a shorter-term trend […]

Stocks end mostly lower Friday after a strong June jobs report, while still booking solid gains in the first full trading week of July. The Dow Jones Industrial Average DJIA, -0.15% shed about 45 points, or 0.1%, ending near 31,339. The S&P 500 index SXP, -2.94% fell 0.1%, while the Nasdaq Composite Index COMP, +0.12% […]

Shares of Tesla Inc. TSLA, +2.54% rose 1.3% in the extended session Friday after news that company chief executive Elon Musk wants to abandon his $44 billion agreement to acquire Twitter Inc. TWTR, -5.10%, a deal that would be fueled in part by Tesla shares owned by Musk. Tesla’s stock ended the regular trading day […]

Published: July 8, 2022 at 6:15 p.m. ET Shares of Digital World Acquisition Corp. were rocketing 17% in after-hours trading Friday after Tesla Inc. Chief Executive Elon Musk said he was terminating his $44 billion deal for Twitter Inc. . Digital World is a special-purpose acquisition corporation buying the company that operates President Donald Trump’s […]

Published: July 8, 2022 at 5:08 p.m. ET Moody’s Investors Service late Friday downgraded its rating on Mexico’s sovereign bonds to Baa2, the next-to-last rung of investment grade, saying that the country’s economy will remain “constrained by weak investment prospects” and the “economic scarring” from the pandemic will not reverse. Moreover, Mexico’s fiscal prospects will […]

Oil futures ended higher on Friday, extending gains from a day earlier, but worries over a potential recession pulled prices down for the week. Despite the rebound in prices seen on Thursday and Friday, “markets are becoming increasingly concerned about recession risk and demand destruction…which has served to offer some respite from the higher prices […]

Gold futures ended higher on Friday, but tallied their fourth straight weekly decline amid strength in the U.S. dollar. Next week, action in the dollar may continue to be a big driver for the gold market, said Colin Cieszynski, chief market strategist at SIA Wealth Management. “There are a number of key inflation reports coming […]

Fed funds futures traders now see a 4.6% chance of a jumbo-size 100 basis point rate hike at the Federal Reserve’s July 26-27 policy meeting, following a robust June U.S. jobs report released on Friday. That’s up from zero chance over the past month, according to the CME FedWatch Tool. While the June jobs report […]

U.S. stocks opened lower Friday after a stronger-than-expected jobs report. The Dow Jones Industrial Average DJIA, -0.45% was down 0.1% soon after the opening bell, while the S&P 500 SPX, -0.77% fell 0.4% and the Nasdaq Composite COMP, -1.17% dropped 0.9%, according to FactSet data, at last check. The U.S. Bureau of Labor Statistics said […]

The seven-day average of new COVID-19 cases remained mostly steady and deaths declined, but hospitalizations and the positivity rate for COVID tests keep on climbing to multi-month highs. The daily average for new cases was 107,811 on Thursday, according to a New York Times tracker, up 8% from two weeks ago but still in the […]