Tag: Marketwatch
U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.7 million in December, representing a 1% increase from the previous month, the U.S. Census Bureau reported Wednesday. Compared with December 2020, housing starts were up 2.5%. Meanwhile, permitting for new homes occurred at a seasonally-adjusted annual rate of 1.87 million, […]
Exxon Mobil XOM, +1.68% was upgraded to sector perform from underperform at RBC Capital Markets, which lifted its price target to $90 from $70. Analyst Biraj Borkhataria said the firm was wrong on Exxon last year and that the oil giant has gone from the brink of a potential dividend cut to significant free cash […]
Gold futures end lower for a third straight session – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 18, 2022 at 1:45 p.m. ET Gold futures settled lower on Tuesday, marking a third straight session decline as bond yields […]
The Russell 2000 is taking the brunt of the broader market’s selloff, as the small-capitalization companies tracker is sinking 2.4% to put it on track for the lowest close since Jan. 29, 2021. The index has tumbled 13.6% since it closed at a record 2,442.74 a little over two months ago (Nov. 8). The selloff […]
Despite the broad, sharp selloffs in the Big 3 stock market indexes, market internals suggest there is no panic in the selling, and there may even be signs that investors are looking to buy on the dip. The NYSE Arms Index, a volume-weighted breadth measure that tends to rise above 1.000 during market selloffs and […]
Oil prices rose Tuesday to mark their highest settlement since 2014. “A lot of fundamentals just flipped to bullish and that could have oil prices continue to push higher,” said Edward Moya, senior market analyst at OANDA. “The Houthi drone attack on the UAE reignited worries about potential supply disruptions in the region,” and OPEC+ […]
Oil futures gained more ground in electronic trading late Tuesday, with U.S. benchmark prices near $87 a barrel after settling at their highest level in more than seven years. Turkey’s state pipeline operator Botas said it cut oil flow through the Kirkuk-Ceyhan crude oil pipeline after an explosion near the southeastern province of Kahramanmaras in […]
Stocks ended sharply lower Tuesday, kicking off a holiday-shortened week on a down note as Treasury yields jumped to two-year highs. The Dow Jones Industrial Average DJIA, -1.51% fell around 542 points, or 1.5%, to close near 35,369, while the S&P 500 SPX, -1.84% shed around 86 points, or 1.8%, ending near 4,577. The Nasdaq […]
Shares of Bank of America Corp. BAC, -3.60% dropped 2.9% in afternoon trading Tuesday, putting them on track for a fourth-straight decline, ahead of the bank’s fourth-quarter results due out before the next session’s opening bell. The stock has now shed 5.5% during its losing streak. The stock’s losses comes after bank and broker Goldman […]
Goldman Sachs Group Inc. GS, -7.33% CEO David Solomon told analysts on Tuesday the bank expects inflationary pressure to increase in 2022. Inflation is persisting in many countries and major central banks are beginning to raise rates including the Bank of England last year, while the U.S. Federal Reserve is expected to boost rates four […]