Tag: Marketwatch

The Dow Jones Transportation Average DJT, -1.65% is taking a 229-point, or 1.5% dive, in afternoon trading, with 18 of 20 components trading lower, despite the rallies in the broader stock market indexes. Leading the transports lower, shares of trucker Old Dominion Freight Inc. ODFL, -5.52% sank 5.1%, marine shipping company Matson Inc. MATX, -5.10% […]

Oil futures rallied on Friday, with U.S. benchmark prices marking their highest settlement since September 2014. Oil prices soared as “winter storms sweep across the U.S., boosting demand for heating oil,” and as “supply concerns persist and financial players turn away from traditional tech stocks in favor of less volatile commodities,” said Bjørnar Tonhaugen, head […]

Published: Feb. 4, 2022 at 3:00 p.m. ET The Federal Reserve said Friday that its board has voted to name Jerome Powell as “chair pro tempore” to allow him to continue to lead the central bank even though his official term has expired. The Senate is expected to vote in mid-February on President Joe Biden’s […]

Peloton Interactive Inc. PTON, +1.44% shares jumped more than 35% in after-hours trading Friday after a report that potential acquirers including Amazon.com Inc. AMZN, +13.54% are sizing up the exercise equipment maker. The Wall Street Journal reported Friday afternoon, citing “people familiar with the matter,” that Amazon had hired advisers to discuss a potential deal […]

Former Vice President Mike Pence on Friday said ex-President Donald Trump was “wrong” in claiming that Pence could have overturned the 2020 election results when he presided over the congressional certification on Jan. 6, 2021, of Joe Biden’s victory in the Electoral College. “I heard this week that President Trump said I had the right […]

Gold futures finished higher on Friday, tallying a gain of more than 1% for the week. Prices had briefly fallen below the key $1,800 mark during the session, after data showed a bigger-than-expected monthly rise in U.S. jobs. The “surprisingly strong nonfarm payroll report sent expectations soaring that the [Federal Reserve’s] near-term tightening will be […]

U.S. stock benchmarks were trading mixed Friday morning but market internals suggest that investors on New York Stock Exchange-listed are in a buying mood. The Arms Index Arms Index, a volume-weighted breadth measure, fell to 0.466, while many on Wall Street see declines below 0.500 as suggesting panic buying. The Arms Index is calculated by […]

Knight-Swift Transportation Holdings Inc. KNX, -0.62% said Friday it raised its quarterly dividend by 20%, to 12 cents a share from 10 cents. The freight transportation company’s new dividend will be payable March 28 to shareholders of record on March 4. Based on Thursday’s stock closing price of $56.74, the new annual dividend rate implies […]

Amazon.com Inc. AMZN, -7.81% disclosed in its annual report Friday that it spent $1.3 billion to repurchase 500,000 shares during the period from Jan. 1, 2022 to Feb. 2. The repurchases were significant, because that’s the first time the ecommerce and cloud giant has bought back stock since 2012, when it spent $960 million to […]

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 268 billion cubic feet for the week ended Jan. 28. That compared with the average decline of 274 billion cubic feet forecast by analysts polled by S&P Global Platts, which pegged the five-year average supply fall for the period at 150 […]