Tag: Marketwatch
Baker Hughes BKR, +4.53% on Friday reported that the number of active U.S. rigs drilling for oil was up by 11 to 492 this week. That followed a rise of just one oil rig the week before, and marked the biggest weekly climb since October, Baker Hughes data show. The total active U.S. rig count, […]
Gold futures declined on Friday, giving up earlier gains, but holding onto a climb for the week. Colin Cieszynski, chief market strategist at SIA Wealth Management, attributed the day’s pullback in prices partly to profit-taking ahead of the long weekend, with regular trading closed Monday for the Martin Luther King Jr. holiday. However, a decline […]
Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron’s and USA Today. Follow him on Twitter @jswartz. Source: Marketwatch
Stocks posted a mixed finish Friday after December retail sales showed an unexpected drop and as investors digested results from major banks as earnings season got under way. The Dow Jones Industrial Average fell around 202 points, or 0.6%, to close near 35,912, while the S&P 500 SPX, +0.08% rose around 4 points, or 0.1%, […]
Oil prices climbed sharply on Friday as tensions between Russia and Ukraine intensified. “From an energy standpoint, this could be a seismic event,” said Phil Flynn, senior market analyst at The Price Futures Group. Russia is not only a major oil producer but Europe, in their rush to get off of fossil fuels, has “become […]
President Joe Biden will hold a news conference on Wednesday at 4 p.m. Eastern, White House press secretary Jen Psaki announced Friday. The event will come a day before Biden reaches his one-year mark as president. Biden has held fewer news conferences than any of his five immediate predecessors at the same point in their […]
Shares of Sirius XM Holdings Inc. SIRI, -3.77% slid 3.8% toward a six-week low in morning trading Friday, after J.P. Morgan analyst Sebastiano Petti turned bullish on the satellite radio company, amid continued weakness in U.S. auto sales as semiconductor shortages and supply chain issues crimp supply. The stock is on track to snap a […]
Shares of BJ’s Wholesale Club Holdings Inc. BJ, +0.43% dove 5.2% toward a two-month low in premarket trading Friday, after J.P. Morgan analyst Christopher Horvers swung to bearish from bullish on the membership-based warehouse retailer, following their sizable outperformance the past two years. Horvers cut this rating to underweight from overweight and cut his stock […]
The average number of Americans who are currently in hospitals with COVID-19 set another record, as the highly transmissible omicron variant continued to spread across the country, a day after the Supreme Court struck down a Biden administration vaccine mandate for large companies. There were 148,782 people in hospitals with COVID-19 on Thursday, according to […]
The Dow Jones Industrial Average DJIA, -0.49% is rising 47 points, or 0.1%, to buck the selloff in the broader market, but it be up a lot more if it wasn’t for the blue-chip barometer’s biggest technology components. The biggest drag on the Dow is Microsoft Corp.’s stock MSFT, -4.23%, which is down $8.64, or […]