Tag: Marketwatch
U.S. stocks closed sharply higher Monday as quarterly corporate earnings picked up steam and the S&P 500 recorded its best daily percentage gain since Oct. 4, according to FactSet data. The Dow Jones Industrial Average DJIA, +1.86% gained about 550 points, or 1.9%, ending near 30,188, while the S&P 500 index SPX, +2.65% advanced 2.7%. […]
Gold futures finished higher on Monday, after ending the previous session at their lowest price of the month so far. The weaker U.S. dollar and sharp decline in bond yields helped support gold, said Michael Hewson, chief market analyst at CMC Markets UK. But prices remained below the intraday high seen on Friday, he said. […]
Shares of Microsoft Corp. MSFT, +3.50% surged 3.7% in morning trading Monday, to provide the biggest point boost among Dow Jones Industrial Average’s DJIA, +1.85% components. The software behemoth’s stock price gain of $8.55 added about 56 points to the Dow’s price, while the Dow rallied 545 points, or 1.8%. Microsoft’s stock rally comes even […]
Share of airline companies enjoyed a broad rally Monday, boosted by data showing the most people flew on Sunday since before the pandemic, and by the rally in the broader stock market. The U.S. Global Jets ETF JETS, +2.02% climbed 1.5% in morning trading, while the S&P 500 SPX, +2.69% jumped 2.6%. Among the Jets […]
Shares of Biogen Inc. BIIB, -1.97% gained 1.4% in premarket trading on Monday after telling investors that the Food and Drug Administration extended the review period for its experimental treatment for amyotrophic lateral sclerosis (ALS) by three months. The new decision date is April 25. Biogen’s stock is up 10.3% this year, while the S&P […]
U.K. bond yields tumbled on Monday ahead of a planned statement from new Chancellor of the Exchequer Jeremy Hunt laying out budget plans ahead of the Oct. 31 medium-term plan. The yield on the 30-year gilt TMBMKGB-30Y, 4.473% fell 36 basis points to 4.49%, while the pound GBPUSD, +0.58% rose to $1.1257. Hunt also gave […]
U.S. stocks finished a week of extreme volatility sharply lower on Friday, even as the Dow posted a second weekly advance after inflation data showed little signs of pulling back from its roughly 8% advance in September from a year ago. The Dow Jones Industrial Average DJIA, -1.34% fell about 400 points, or 1.3%, ending […]
Oil futures on Friday ended lower for the session, contributing to a weekly loss of nearly 8% for U.S. benchmark crude prices. “With many analysts and economists now forecasting a recession as their base case outlook for 2023, demand estimates for everything from energy products to industrial metals are taking a hit,” said Tyler Richey, […]
Baker Hughes [s: bkr] on Friday reported that the number of active U.S. rigs drilling for oil rose by eight to 610 this week. That followed a decline of two in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by seven to 769, according to Baker […]
Wells Fargo & Co. WFC, +3.33% on Friday reported total head count of 239,209 as of Sept. 30, down from 243,674 people at the end of the second quarter and 253,871 at the end of the year-ago quarter. During the quarter, Wells Fargo said it was reducing head count in its mortgage unit as demand […]
