Category: Stock Market

Gold futures climbed Friday to finish higher for the week, but overall strength in the dollar amid aggressive monetary policy tightening by the Federal Reserve, as it continues its efforts to tame inflation, pushed prices for the metal lower for the month, as well as the quarter. Gold for December delivery GCZ22, -0.02% rose $3.40, […]

William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C.

Oil futures declined Friday, contributing to their losses for the month and quarter as concerns over a potential recession raised expectations for a slowdown in demand. Still, oil supply will get tighter in the winter and “now that most of the crude demand destruction has been priced in, prices should stabilize going into the year-end,” […]

Shares of Duke Energy Corp. DUK, -1.51% fell 1.8% in afternoon trading Friday, after the utility company said while 430,000 of its customers in Florida are still without power because of Hurricane Ian, it has already restored power to about 650,000 customers. The North Carolina-based company, which serves 1.9 million customers in Florida, said it […]

AT&T Inc. T, -0.68% said Friday it was keeping its quarterly dividend at 27.75 cents a share, payable Nov. 1 to shareholders of record on Oct. 10. With the telecommunications and media company’s stock down 0.8% in afternoon trading, the annual dividend rate implies a dividend yield of 7.21%, which compares with the yield for […]

The Big 3 stock market indexes have all turned negative in afternoon trading Friday, but market internals are suggesting the overall market is still rising. The Dow Jones Industrial Average DJIA, -1.16% slid 217 points, or 0.7%, to reverse an intraday gain of as much as 130 points; the S&P 500 SPX, -0.87% declined 0.4% […]

U.S. stocks opened lower Friday, feeling pressure after the Federal Reserve’s preferred inflation measure showed prices increased more than expected in August. The core personal-consumption price index, which strips out food and energy costs, rose 0.6% in August, compared with a forecast for a 0.5% increase. Investors were also monitoring a speech by Russian President […]

Shares of Snow Lake Resources Ltd. SNOW, +3.20% rocketed 43.5% in premarket trading Friday, after closing the previous session at a record low, after the lithium miner withdrew plans to for a relatively large stock offering. After the stock soared 38.3% on Sept. 23, on the back of the company’s announcement it would work with […]

American Electric Power AEP, -1.21% said Thursday it agreed to a lower price of $2.65 billion for the sale of its Kentucky operations to Liberty Utilities and that it expects to close the deal in January. AEP originally planned to sell the business for $2.85 billion to Liberty in a deal announced in Oct., 2021. […]

The U.S. Food and Drug Administration has hired the former director of cannabis programs for New York State Norman Birenbaum as its first senior public health adviser on cannabis research and regulation efforts, according to an internal memo from earlier this week provided to MarketWatch by an FDA spokesperson. “With his expertise in policy analysis […]