Category: Market News
U.S. stock benchmarks opened higher Wednesday, as investors await the result of the Federal Reserve’s two-day policy meeting. The Dow Jones Industrial Average DJIA, +1.22% was up around 0.9% soon after the opening bell, while the S&P 500 SPX, +1.37% rose 1% and the Nasdaq Composite COMP, +1.53% gained 1.1%, according to FactSet data, at […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
Shares of Compass Inc. dropped 6.1% in afternoon trading Tuesday, after the online real estate platform said it was cutting about 450 jobs, or 10% of its workforce, as part of a restructuring aimed at cutting costs and align its organization structure with its business strategy. The company also said it planned to wind-down its […]
Gold futures fell for a second straight session on Tuesday, settling at their lowest over four weeks. The U.S. dollar continues to “catch a big tailwind from rising U.S. interest rates, with the 10-year Treasury yield soaring toward 3.45%” ahead of Wednesday’s Federal Reserve decision on rates, said Colin Cieszynski, chief market strategist at SIA […]
Oil futures gave up early gains to finish with a loss on Tuesday, pressured after Bloomberg reported that a U.S. senator may propose a plan to impose a federal surtax on certain oil companies in a move to curb inflation. Natural-gas prices, meanwhile, settled at their lowest in five weeks as full repairs to a […]
Shares of homebuilders traded broadly lower Tuesday, after two real estate companies announced job cuts, another sign suggesting the housing market has slowed. The iShares U.S. Home Construction ETF ITB, -0.88% slumped 0.9%, putting it on track to close at the lowest price since Nov. 9, 2020. Among the sector tracker’s more active components, D.R. […]
Stocks finished mostly lower on Tuesday, with both the Dow and S&P 500 booking a fifth straight day of declines, a day before the Federal Reserve is expected to raise rates by 75 basis points. The Dow Jones Industrial Average DJIA, -0.50% shed about 150 points on Tuesday, or 0.5%, ending near 30,365. The S&P […]
Shares of Zendesk Inc. ZEN, -4.92% rose more than 4% in the extended session Tuesday after The Wall Street Journal, citing people familiar with the matter, said that the software company is in talks with activist investor Jana Partners LLC. Zendesk and Jana are “discussing a truce” that could involve Chief Executive Mikkel Svane stepping […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 736,000 barrels for the week ended June 10, according to sources. The API also reportedly showed a weekly inventory decline of nearly 2.2 million barrels for gasoline, while distillate stockpiles climbed by 234,000 barrels. Oil stocks at the Cushing, Okla., delivery hub […]
Senate Minority Leader Mitch McConnell on Tuesday said he would support a bill to curb gun violence if it mirrors a framework released over the weekend. “For myself I’m comfortable with the framework and if the legislation ends up reflecting what the framework indicates, I’ll be supporting,” the Kentucky Republican said at a Capitol Hill […]