Tag: Marketwatch
Stocks fell sharply Tuesday, with the tech-heavy Nasdaq Composite leading the way among major indexes after remarks by Federal Reserve Gov. Lael Brainard sparked a jump in Treasury yields. The Dow Jones Industrial Average DJIA, -0.80% fell around 280 points, or 0.8%, to close near 34,642, according to preliminary figures, while the S&P 500 SPX, […]
The U.S., in coordination with other G-7 nations and the European Union, will announce new sanctions on Russia on Wednesday over Moscow’s invasion of Ukraine, the White House said. “This will include a ban on all new investment in Russia and increase sanctions on financial institutions and state-owned enterprises in Russia, and sanctions on Russian […]
Spirit Airlines Inc. SAVE, +22.42% said late Tuesday it has received an “unsolicited” bid from JetBlue Airways Corp. JBLU, -7.08% to acquire the ultra low-cost air carrier in an all-cash deal for $33 a share. Spirit’s board “will work with its financial and legal advisors to evaluate JetBlue’s proposal and pursue the course of action […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 1.1 million barrels for the week ended April 1, according to sources. The API also reportedly showed a weekly inventory decline of 543,000 barrels for gasoline, but distillate stockpiles rose by 593,000 barrels. Cushing, Okla., delivery hub were up by 1.8 million […]
Natural-gas prices rallied Tuesday, buoyed by the recent rise in coal prices amid a proposed European ban on Russian energy. The long-term focus for the energy market will be how quickly the European Union can move away from Russian coal, oil and natural gas, said Phil Flynn, senior market analyst at The Price Futures Group. […]
Gold futures finished lower on Tuesday, pressured by a rise in U.S. Treasury yields. The yellow metal saw a modest decline “while lacking any real longer-term direction,” said Craig Erlam, senior market analyst at OANDA. This is “perhaps a sign of the limbo investors find themselves in: recession risks but a hot economy, peace talks […]
The Dow Jones Transportation Average DJT, -2.41% dove 2.2% in morning trading Tuesday, putting it on track for a fifth-straight decline, as the transportation sector tracker (DJT) continues to underperform its sister index, the Dow Jones Industrial Average DJIA, -0.26%, and the broader stock market by a wide margin. The index has now tumbled 9.3% […]
Stocks were mixed after opening with small losses Tuesday, a day after gaining ground in a tech-led rally, as investors monitored developments in the Russia-Ukraine war and awaited more clues on the Fed’s plans for tightening monetary policy. The Dow Jones Industrial Average DJIA, +0.52% was up 80 points, or 0.2%, at 35,002, while the […]
The U.S. Centers for Disease Control and Prevention is planning to revamp itself following a one-month review by an outside senior federal health official, according to its head, Dr. Rochelle Walensky. The move comes after criticism of the agency for its handling of the pandemic, and in particular for issuing confusing guidance over masking, isolation […]
Bank of America Corp. BAC, -0.17% said Monday it mobilized and deployed about $250 billion in sustainable finance activity for 2021, an all-time high and an increase of 140% over the year-ago figure of $105 billion. The effort comes after the bank set a goal in 2021 of $1.5 trillion by 2030 in sustainable finance. […]