Tag: Marketwatch
Oil futures climbed Tuesday, with U.S. prices up by nearly 4%, after President Joe Biden announced a ban on imports of Russian oil. “How high oil prices will need to go depends primarily on how much and for how long the market will need to shun export barrels from Russia and whether other buyers, such […]
Coca-Cola Co. KO, -3.96% said Tuesday it was suspending its business in Russia following the lead of several companies that have suspended activity because of the invasion of Ukraine. “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine,” Coca-Cola said in a statement. “We will continue to […]
Stocks finished lower on Tuesday after failing to hold earlier gains, as the Biden administration made good on threats to ban Russian oil imports in a bid to further pressure Moscow to end its invasion of Ukraine. As U.S. oil prices CL00, +2.17% finished above $123 a barrel, the highest since 2008, the Dow Jones […]
Stitch Fix Inc. SFIX, +4.36% shares fell more than 16% in the extended session Tuesday after company posted a mixed fiscal second quarter and guided for lower sales, saying it continues to face “challenges” in getting people to sign up for its online personal styling services. Stitch FIx said it lost $30.9 million, or 28 […]
XPO Logistics Inc. XPO, +2.72% stock rallied more than 8% in the extended session Tuesday after the logistics company announced plans to split itself into two publicly traded companies, a deal it said would be tax-free to shareholders. One of the companies would encompass XPO’s freight brokerage business, which matches loads from shipping customers to […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2.8 million barrels for the week ended March 4, according to sources. The API also reportedly showed weekly inventory declines of nearly 2 million barrels for gasoline and 5.5 million barrels for distillates. Crude stocks at the Cushing, Okla., delivery hub were […]
Gold futures rose on Tuesday for a fourth straight session, settling above the $2,000-an-ounce mark for the first time since August 2020. Gold’s surge today and in recent sessions is “not only a reaction to the Ukraine situation, but also a sign that shorts in the futures markets are abandoning their battle to keep the […]
Shares of Mullen Automotive Inc. MULN, +20.75% charged 16.1% higher in very active morning trading Tuesday. The electric vehicle maker’s stock has already traded in a range of up 6.6% at the intraday low of $1.13, to up 35.8% at the high of $1.44, as trading volume bulged to 85.7 million shares. On Monday, the […]
Shares of Caterpillar Inc. CAT, +4.33% shot up 4.7% toward a six-week high in morning trading Tuesday after the construction and mining equipment company was upgraded at Jefferies, with analyst Stephen Volkmann saying the company has historically been a “strong hedge” to commodity and general inflation. The stock’s rally was enough to pace the Dow […]
Shares of Chevron Corp. CVX, +2.14% rose 0.3% in premarket trading Tuesday into record territory, to put them on track for the longest win streak in 3 1/2 years. The rally comes as oil prices CL00, +2.01% continue their surge to the highest levels in more than a decade as Russia’s invasion of Ukraine and […]