Tag: Marketwatch

Published: July 8, 2022 at 6:15 p.m. ET Shares of Digital World Acquisition Corp. were rocketing 17% in after-hours trading Friday after Tesla Inc. Chief Executive Elon Musk said he was terminating his $44 billion deal for Twitter Inc. . Digital World is a special-purpose acquisition corporation buying the company that operates President Donald Trump’s […]

Published: July 8, 2022 at 5:08 p.m. ET Moody’s Investors Service late Friday downgraded its rating on Mexico’s sovereign bonds to Baa2, the next-to-last rung of investment grade, saying that the country’s economy will remain “constrained by weak investment prospects” and the “economic scarring” from the pandemic will not reverse. Moreover, Mexico’s fiscal prospects will […]

Oil futures ended higher on Friday, extending gains from a day earlier, but worries over a potential recession pulled prices down for the week. Despite the rebound in prices seen on Thursday and Friday, “markets are becoming increasingly concerned about recession risk and demand destruction…which has served to offer some respite from the higher prices […]

Gold futures ended higher on Friday, but tallied their fourth straight weekly decline amid strength in the U.S. dollar. Next week, action in the dollar may continue to be a big driver for the gold market, said Colin Cieszynski, chief market strategist at SIA Wealth Management. “There are a number of key inflation reports coming […]

Fed funds futures traders now see a 4.6% chance of a jumbo-size 100 basis point rate hike at the Federal Reserve’s July 26-27 policy meeting, following a robust June U.S. jobs report released on Friday. That’s up from zero chance over the past month, according to the CME FedWatch Tool. While the June jobs report […]

U.S. stocks opened lower Friday after a stronger-than-expected jobs report. The Dow Jones Industrial Average DJIA, -0.45% was down 0.1% soon after the opening bell, while the S&P 500 SPX, -0.77% fell 0.4% and the Nasdaq Composite COMP, -1.17% dropped 0.9%, according to FactSet data, at last check. The U.S. Bureau of Labor Statistics said […]

The seven-day average of new COVID-19 cases remained mostly steady and deaths declined, but hospitalizations and the positivity rate for COVID tests keep on climbing to multi-month highs. The daily average for new cases was 107,811 on Thursday, according to a New York Times tracker, up 8% from two weeks ago but still in the […]

Shares of commercial real estate brokers have underperformed the real estate investment trust (REIT) and the broader stock market by a wide margin this year, and they could remain “choppy” in the coming months, but JPMorgan analyst Anthony Paolone said “a lot of the damage appears to be done.” Shares of CBRE Group Inc. CBRE, […]

Gold futures climbed on Thursday, putting an end to a streak of declines that spanned seven sessions — the longest in more than three years. August gold rose $3.20, or 0.2%, to settle at $1,739.70 an ounce, a day after marking the lowest most-active contract settlement since late September 2021. … Source: Marketwatch

Published: July 7, 2022 at 2:20 p.m. ET Shares of Amazon.com Inc. rallied 2.0% in afternoon trading Thursday, putting them on track to close above its 50-day moving average (DMA), which many chart watchers view as a short-term trend tracker, for the first time since April 19. The 50-DMA came in at $114.65 on Thursday […]