Tag: Marketwatch
Gold futures fell for a second straight session on Tuesday, settling at their lowest over four weeks. The U.S. dollar continues to “catch a big tailwind from rising U.S. interest rates, with the 10-year Treasury yield soaring toward 3.45%” ahead of Wednesday’s Federal Reserve decision on rates, said Colin Cieszynski, chief market strategist at SIA […]
Oil futures gave up early gains to finish with a loss on Tuesday, pressured after Bloomberg reported that a U.S. senator may propose a plan to impose a federal surtax on certain oil companies in a move to curb inflation. Natural-gas prices, meanwhile, settled at their lowest in five weeks as full repairs to a […]
Shares of homebuilders traded broadly lower Tuesday, after two real estate companies announced job cuts, another sign suggesting the housing market has slowed. The iShares U.S. Home Construction ETF ITB, -0.88% slumped 0.9%, putting it on track to close at the lowest price since Nov. 9, 2020. Among the sector tracker’s more active components, D.R. […]
Stocks finished mostly lower on Tuesday, with both the Dow and S&P 500 booking a fifth straight day of declines, a day before the Federal Reserve is expected to raise rates by 75 basis points. The Dow Jones Industrial Average DJIA, -0.50% shed about 150 points on Tuesday, or 0.5%, ending near 30,365. The S&P […]
Shares of Zendesk Inc. ZEN, -4.92% rose more than 4% in the extended session Tuesday after The Wall Street Journal, citing people familiar with the matter, said that the software company is in talks with activist investor Jana Partners LLC. Zendesk and Jana are “discussing a truce” that could involve Chief Executive Mikkel Svane stepping […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 736,000 barrels for the week ended June 10, according to sources. The API also reportedly showed a weekly inventory decline of nearly 2.2 million barrels for gasoline, while distillate stockpiles climbed by 234,000 barrels. Oil stocks at the Cushing, Okla., delivery hub […]
Senate Minority Leader Mitch McConnell on Tuesday said he would support a bill to curb gun violence if it mirrors a framework released over the weekend. “For myself I’m comfortable with the framework and if the legislation ends up reflecting what the framework indicates, I’ll be supporting,” the Kentucky Republican said at a Capitol Hill […]
Shares of Redfin Corp. RDFN, -3.86% dropped 3.7% toward a record low in midday trading Tuesday, after the real estate brokerage disclosed a decision to lay off 470 employees, or about 6% of its workforce. The company said it plans to complete the job cuts by the end of June. Redfin said it expects to […]
The Dow Jones Transportation Average DJT, +2.09% powered up Tuesday, driven FedEx Corp.’s FDX, +12.55% best one-day stock performance in three decades, even as the broader stock market turned lower. The Dow transports shot up 313 points, or 2.4%, with 13 of 20 components gaining ground, while the Dow Jones Industrial Average DJIA, -0.08% fell […]
An earlier version of this article contained incorrect information about Frontier Group’s offer. The information has been removed. Spirit Airlines Inc. SAVE, -4.67% said Tuesday it continues to be bound to its merger agreement with Frontier Group Holdings Inc. ULCC, -7.26% after getting a rival June 6 offer from JetBlue Airways Corp. JBLU, -11.43%. Spirit […]