US equities jumped on Friday after disappointing labour-market data boosted hopes for an end-of-year stimulus compromise. The S&P 500, Dow Jones industrial average, and Nasdaq composite all closed at record highs. The US added 245,000 nonfarm payrolls in November, handily missing the consensus economist estimate of 460,000 additions. The unemployment […]

US stocks closed mixed on Thursday amid falling jobless claims and new hopes for a stimulus deal. The Nasdaq composite closed at all-time highs, while the S&P 500 lost its record close in the final hour of trading. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the […]

US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labour-market improvement. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000. The mild uptick puts the S&P 500 at […]

US stocks rose on Tuesday as vaccine progress further boosted equities hit hardest by the pandemic. The S&P 500 rose to a record intraday high. Investors cheered Pfizer and BioNTech’s application for regulatory approval in the EU. The filing could allow for the shot to be distributed before the new […]

US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. The S&P 500 closed at a record high. President Donald Trump said Thursday that he’d hand over power when the Electoral College certifies President-elect Joe Biden as the winner […]

US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about rising COVID-19 cases. President Trump said Thursday that, should the Electoral College rule President-elect Joe Biden the winner of the 2020 election, he’ll hand over his power. The US reported 125,082 new […]

US stocks declined on Wednesday as a surprise jump in weekly jobless claims butted heads with vaccine hopes. The Dow Jones industrial average dipped below 30,000 after closing above the level at a record on Tuesday. New claims for unemployment benefits rose to an unadjusted 778,000 for the week that […]

US stocks fluctuated on Wednesday as a surprise jump in weekly jobless claims stifled recovery enthusiasm. New claims for unemployment benefits rose to an unadjusted 778,000 for the week that ended Saturday. Economists expected a reading of 730,000. The Dow opened just above 30,000 after breaking through the level in […]

US equities jumped on Tuesday after the General Services Administration’s ascertainment of President-elect Joe Biden’s victory lifted investor sentiments. The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March. The GSA announced Monday afternoon […]

US equities gained on Tuesday as the General Services Administration’s ascertainment of a Biden victory lifted investor sentiments. The GSA announced Monday afternoon it will provide President-elect Biden with the “resources and services” needed to start his transition to the White House. The move is the clearest sign yet that […]

US stocks fell on Friday as conflict over the use of Federal Reserve funds offset positive developments for vaccine distribution. Treasury Secretary Steven Mnuchin urged the Fed on Thursday to return funds set aside for emergency lending, setting up several relief programs for year-end expiration. The move marked a rare […]

US stocks fluctuated on Friday as soaring COVID-19 cases and disagreement on new stimulus offset positive developments for vaccine distribution. Pfizer and BioNTech both gained ahead of plans to apply for emergency-use authorization for their experimental coronavirus vaccine. The FDA’s vetting process is set to take a few weeks, teeing […]

US stocks fell on Wednesday as new economic restrictions erased morning optimism around coronavirus vaccine news. New York City announced Wednesday afternoon that it will shut down public schools as virus infection rates spike. The vaccine candidate being developed by Pfizer and BioNTech was 95% effective at protecting against COVID-19 […]

US stocks climbed on Wednesday after Pfizer and BioNTech revealed positive final-analysis data on their coronavirus vaccine. The companies’ candidate was 95% effective at protecting against COVID-19 in trial patients, Pfizer said Wednesday. The firms plan to apply for emergency-use authorization “within days.” The news lifted major indexes and spurred […]

US equities soared on Monday after Moderna’s encouraging vaccine update lifted hopes for a complete economic recovery. The Dow Jones industrial average and S&P 500 finished the day at all-time high levels. It marks the Dow’s first record close since February. Moderna said Monday that its experimental coronavirus vaccine was […]

US equities soared on Monday after Moderna’s encouraging vaccine update lifted hopes for a complete economic recovery. Moderna announced Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. Moderna plans to apply for emergency use authorization later this month. Both the S&P 500 and […]

OPEC cut its forecasts for 2020 and 2021 global oil demand on Wednesday, citing rising COVID-19 cases and government lockdowns as a risk to the commodity market. In its November report, the lowered its 2020 demand projection by 0.3 million barrels to 90 million barrels per day. The revision follows […]

US stocks slid on Friday as the market’s post-election rally faded and investors mulled Joe Biden’s victory. Still, t he S&P 500 posted its largest weekly gain since April. Biden is projected to be the country’s next president after taking the lead in Pennsylvania and Georgia on Friday morning, according […]

US stocks edged lower on Friday as investors mulled former Vice President Joe Biden’s election victory, better-than-expected economic data, and the market’s dwindling momentum. Biden is projected to be the country’s next president after taking the lead in Pennsylvania and Georgia Friday morning, according to Decision Desk HQ. On the […]

US stocks extended their torrid multiday rally on Thursday as investors turned increasingly bullish toward the prospect of a divided government. Healthcare and tech stocks fuelled indexes’ gains. A split government would be unlikely to further regulate and tax the industries as Democrats had hoped. New US weekly jobless claims […]

US stocks rallied further on Thursday as investors turned increasingly bullish toward the prospect of divided government. Healthcare and tech stocks drove indexes higher. A split government would likely fail to further regulate and tax the industries as Democrats had hoped. New US weekly jobless claims ticked lower to 751,000 […]

US stocks rallied on Monday as encouraging economic data and election bets lifted indexes from their worst weekly slump since March. Market volatility picked up as Election Day neared. Former Vice President Joe Biden has enjoyed a lead in the polls, but President Donald Trump has indicated he will contest […]

US stocks gained on Monday, as investors looked to rebound from the market’s worst week since March. Equities are set to face heightened volatility as election uncertainty reaches a fever pitch. While former Vice President Joe Biden enjoys a strong lead in the polls, President Donald Trump has indicated he […]

US equities climbed higher on Thursday as rallying tech stocks and encouraging economic data reversed some of Wednesday’s plunge. Apple,Amazon,Facebook, and Alphabet led gains ahead of the companies’ third-quarter reports. US GDP grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading […]

US equities slid on Thursday, even as economic data pointed to a stronger-than-expected pace of recovery. The US economy grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading exceeded the 32% estimate from economists surveyed by Bloomberg. Weekly jobless claims fell […]

Oil futures tanked on Wednesday as escalating coronavirus fears and surging US stockpiles drove new uncertainty around the commodity market’s recovery. West Texas Intermediate crude sank as much as 6.4%, to $US37.04 per barrel. Brent crude, oil’s international standard, tumbled 5.8%, to $US38.83 per barrel, at intraday lows. A global […]

US stocks closed mixed on Tuesday as investors weighed optimism in the tech sector against continued sell-offs in other corners of the market. Xilinx traded higher after Advanced Micro Devices announced it will buy the latter in a $US35 billion all-stock deal. The acquisition and anticipation for Microsoft’s afternoon earnings […]

US stocks traded mixed on Tuesday as investors weighed strong earnings reports and deal news against the latest delay in economic stimulus. Merck,HSBC,Corning, and others beat third-quarter estimates when they reported figures Tuesday morning. The healthy readings suggest the bulk of the coronavirus’s economic fallout landed earlier in the year. […]

US stocks wavered on Friday as new commentary from the White House cut into hopes for pre-election stimulus. While House Speaker Nancy Pelosi indicated a bill could still be approved before Election Day, Treasury Secretary Steven Mnuchin noted that “significant differences” remain between each side’s respective proposals. The tepid session […]

US stocks gained on Friday as Wall Street monitored Washington for updates to stimulus negotiations. House Speaker Nancy Pelosi previously said she hoped to reach an agreement before the weekend and added on Thursday that Democrats and the White House were “just about there” on a compromise. Still, Senate Republicans […]

US stocks declined slightly on Wednesday as investors weighed the latest developments in reaching a stimulus agreement. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before a Tuesday deadline and now aim to finalise a proposal before the weekend. Senate Democrats blocked Republicans’ $US500 […]

US stocks extended losses into Monday’s close as a lack of stimulus progress cut into hopes for a pre-election deal. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal. She later told Democrats that significant obstacles in […]

US stocks gained as investors maintained optimism for Democrats and Republicans to pass fresh stimulus ahead of the November elections. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to reach a compromise. Even if a deal is reached, it’s set […]

US stocks jumped on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than double economist estimates. The reading marked the gauge’s fifth straight increase and a sharp bounce from August’s 0.6% gain. The encouraging economic data offset dwindling odds […]

US stocks gained on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than doubling economist estimates. The reading marks the gauge’s fifth straight increase and a sharp bounce from August’s 0.6% gain. The encouraging economic data offset dwindling odds […]

US stocks sank on Wednesday as Treasury Secretary Steven Mnuchin dashed hopes of passing new stimulus before Election Day. Despite holding multiple calls with House Speaker Nancy Pelosi, “getting something done before the election and executing on that would be difficult,” Mnuchin said at a conference. Goldman Sachs shares climbed […]

US stocks edged higher as investors mulled the chances of a stimulus compromise and the latest set of bank earnings. Goldman Sachs shares climbed after the bank handily beat estimates for third-quarter revenue and earnings. Bank of America and Wells Fargo fared worse, with both firms citing historically low interest […]

US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise. Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favourites. President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can […]

US stocks rose on Monday as Democrats and Republicans inched closer to a last-minute stimulus compromise. The Trump administration lifted its proposal to $US1.8 trillion from $US1.6 trillion on Friday, inching closer to the Democrats’ preferred $US2.2 trillion size. Still, House Speaker Nancy Pelosi deemed the bill “one step forward, […]

US stocks gained on Thursday on revived hopes for near-term stimulus and on jobless claims that declined week-over-week. President Donald Trump indicated in a tweet late Tuesday that he backed a piecemeal strategy for passing smaller stimulus measures. The news boosted equities Thursday morning, but indexes pared gains after House […]

US stocks gained on Thursday amid revived hopes for near-term stimulus and jobless claims that declined week-over-week. President Donald Trump indicated in a late Tuesday tweet that he backs a piecemeal strategy for passing smaller stimulus measures. The news boosted equities in Wednesday trading, but Republicans face a tough battle […]

US stocks traded mixed on Tuesday as investors waited for economic-recovery commentary from Federal Reserve Chair Jerome Powell. The central bank chief is expected to reemphasize the importance of fiscal stimulus to the nation’s rebound. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected to continue stimulus negotiations […]

US stocks sank on Friday after President Donald Trump and First Lady Melania Trump said they both tested positive for COVID-19. The diagnosis adds more uncertainties to the final month of a presidential race already expected to fuel outsize market volatility. While some sectors pared losses and swung higher, falling […]

US stocks sank on Friday after President Donald Trump and First Lady Melania Trump said they both tested positive for COVID-19. The diagnosis adds more uncertainties to the final month of a presidential race already expected to fuel outsized market volatility. Investors also faced off against weakening economic data. US […]

US stocks climbed on Wednesday as investors digested a disorderly presidential debate and wavering hopes for a near-term stimulus deal. All three major US indexes climbed through the day on renewed hopes for a deal. Stocks pared some gains after Senate Majority Leader Mitch McConnell balked at Democrats’ latest proposal. […]

US stocks climbed on Wednesday as investors digested a disorderly presidential debate that revived concerns of a disputed election result. Premarket futures traded negative until Treasury Secretary Steven Mnuchin told CNBC that he expects to reach a stimulus deal with House Speaker Nancy Pelosi. All three major US indexes opened […]

US equities surged on Monday as investors’ hopes for a smooth economic rebound outweighed rising coronavirus cases. Bank stocks led major indexes higher, marking a sharp pivot from the tech-led rallies seen throughout the summer. Investors cheered weekend comments from House Speaker Nancy Pelosi indicating that a last-minute stimulus measure […]

US equities gained on Monday after notching their fourth-straight weekly loss. Tech giants boosted major indexes. Uber soared after a judge in the UK ruled its operations in London can continue. Economic data in China also lifted investors’ hopes for a near-term rebound. The country’s National Bureau of Statistics reported […]

US equities gained in frothy Thursday trading as investors digested revived stimulus hopes and rising COVID-19 case counts. New-home purchases reached an annualized rate of 1 million in August, its fastest rate since 2006. The data drove indexes out of negative territory in morning trading. House Speaker Nancy Pelosi and […]

US equities declined on Thursday as higher-than-expected jobless claims and renewed virus fears weighed on investors. The slide erased year-to-date gains for the S&P 500 and also sent the benchmark into correction territory, implying a 10% decline from recent highs. New US weekly jobless claims rose to 870,000 in the […]

US equities climbed Tuesday as a tech-led rebound ended the S&P 500’s four-day losing streak. Mega-cap companies including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns […]

US equities climbed Tuesday as a tech-led rebound offset a resurgence of COVID-19 fears. Mega-caps including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns and another […]

The S&P 500 and Nasdaq composite indexes declined for the third straight week on falling tech giants and weakening economic data. Mega-cap tech stocks led indexes lower as investors continued to shun lofty valuations and look for returns elsewhere. Traders hoping for a stimulus breakthrough had little to cheer heading […]

US stocks traded mixed on Friday as investors looked for signs of new stimulus amid the slowing economic recovery. Congress continues to face major hurdles in passing a second fiscal aid package. Still, the White House indicated on Thursday it’s willing to back a $US1.5 trillion spending bill, an increase […]

US stocks closed mixed on Wednesday as sliding tech giants overshadowed the Federal Reserve’s pledge to keep monetary support intact for the foreseeable future. Central bank policymakers signalled near-zero interest rates would last through 2023 to buttress the US economic recovery. The tech sector dragged major indexes into intraday losses, […]

US stocks climbed on Wednesday as investors prepared for updated outlooks and policy commentary from the Federal Reserve. Fed Chair Jerome Powell is set to speak following the conclusion of the Federal Open Market Committee’s two-day meeting. The meeting is the first to take place since the central bank updated […]

US stocks rallied on Monday on new tech-sector deals and shifting investor sentiment. Oracle leaped after the company won its bid to partner with TikTok’s US operations. Nvidia’s announcement that it would purchase Arm Holdings from SoftBank in a $US40 billion deal boosted semiconductor stocks including Micron and Qualcomm. Oil […]

An energy outlook report published by BP on Monday suggests oil demand may never return to its 2019 peak and could halve over the next three decades. The oil market has failed to fully rebound through the coronavirus crisis as weakened travel activity slams consumption. BP laid out three scenarios […]

US stocks climbed on Monday as new deals and shifting investor sentiments boosted tech giants. Oracle leaped following reports that the company won its bid to partner with TikTok’s US operations. Nvidia said it would purchase Arm Holdings from Softbank in a $US40 billion deal. The announcement boosted semiconductor stocks […]

US stocks climbed on Friday, recovering a portion of Thursday’s market sell-off that was led by technology stocks. Stocks are set to record their first back-to-back week of losses since March, when the COVID-19 pandemic was front and centre in investors’ minds, absent of a strong Friday rally. Oil fell […]

US stocks sank in turbulent Thursday trading as falling tech giants dragged on benchmark indexes. Tech names rebounded on Wednesday but resumed their downward spiral as investors shunned their still-lofty valuations. Traders also mulled weekly jobless-claims data that signalled lasting pain in the US labour market. Claims totaled 884,000 for […]

US stocks climbed on Thursday as tech giants attempted to reclaim record highs. The gains come after rebounding tech names led indexes higher on Wednesday. The sector has fuelled outsize volatility in recent sessions as investors reconcile lofty stock valuations and strong momentum. Investors also mulled weekly jobless claims data […]

US stocks sank on Tuesday as investors sold-off tech giants and bought safe-haven assets. The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2. Tech giants including Apple,Microsoft, and Facebook led the decline, while Treasurys and the dollar gained. Investors […]

Oil contracts slumped on Tuesday as industry giants cut prices in an effort to support market demand. West Texas Intermediate crude tumbled as much as 9.2%, to $US36.13 a barrel. Brent crude sank as much as 6.7%, to $US39.79, at intraday lows. The sell-offs began over the holiday weekend after […]

US equities tumbled on Tuesday as investors continued dumping tech stocks and buying safe-haven assets. Tech giants including Apple,Microsoft, and Facebook dragged on major indexes, while Treasurys and the dollar gained. Investors also digested President Trump’s plan to end US’s reliance on Chinese exports. The statement threatens to reignite the […]

US equities tanked the most since June on Thursday as investors dumped highly valued tech stocks. Every one of the S&P 500’s 11 sectors plunged throughout the day. Energy stocks suffered the least damage with a roughly 1% drop, while the information technology sector plummeted about 6%. A lower-than-expected weekly […]

Summary List Placement US stocks sank Thursday as investors rotated out of surging tech stocks. Market darlings including Apple,Nvidia, and Zoom stumbled after leading the market’s start-of-the-month rally. The iPhone maker’s shares around noon were on pace for their worst day since March 16. Facebook slipped after announcing the company […]

US stocks fluctuated on Tuesday as investors mulled corporate earnings and encouraging economic data out of China. Zoom Technologies leaped alongside other work-from-home stocks after trouncing Wall Street’s second-quarter estimates and raising its forward guidance. A private gauge of small Chinese manufacturers gained in August to its highest level since […]

US equities gained on Friday on better-than-expected economic data. Both the S&P 500 and Nasdaq composite notched record highs. Consumer spending in the US grew 1.9% in July, beating economists’ 1.5% estimate and signalling a continued, albeit slowing, economic recovery. The Dow Jones industrial average erased its 2020 losses. The […]

US stocks jumped on Wednesday as investors cheered better-than-expected economic data and strong corporate earnings reports. The S&P 500 and Nasdaq composite closed at record levels, extending all-time highs from the previous day. US durable-goods orders climbed 11.2% in July, the Census Bureau said. The reading trounced economists’ 4.8% estimate […]

US equities wavered near all-time highs as investors weighed healthy earnings results, positive economic data, and falling daily COVID-19 infections. Salesforce.com,Urban Outfitters, and HP Enterprise all gained after beating Wall Street estimates for quarterly profits. US durable goods orders gained 11.2% in July, according to the Census Bureau. The reading […]

US equities soared on Monday amid positive news around coronavirus treatments and calming US-China relations. The rally saw the S&P 500 and Nasdaq composite indexes close at record highs. The Food and Drug Administration issued emergency authorization for the use of plasma to treat COVID-19. Separately, the White House is […]

US equities gained on Monday on positive news around coronavirus treatments and relaxing US-China relations. The Food and Drug Administration issued emergency authorization for using plasma to treat COVID-19. Separately, the White House is looking to fast-track AstraZeneca’s experimental coronavirus vaccine, according to the Financial Times. Bloomberg reported Sunday the […]

US equities erased early losses and climbed on Friday, with the S&P 500 closing at a record high following positive economic data. Existing home sales surged a record 24.7% in July to a seasonally adjusted rate of 5.86 million. Economists expected a reading of 5.41 million. Apple led tech stocks […]

US equities edged lower on Friday as investors weighed healthy quarterly earnings against fresh signs of a prolonged recession and concern over an economic-stimulus agreement. Agriculture giant Deere & Co. gained in early trading after beating Wall Street’s expectations and boosting its profit guidance. Yet traders continued to sell stocks […]

Oil contracts sank on Thursday after gloomy commentary from the Federal Reserve and OPEC+ weighed on hopes for a market recovery. West Texas Intermediate crude fell as much as 3.3%, to $US41.50 per barrel. International benchmark Brent crude dropped 3%, to $US44.02 per barrel, at intraday lows. Fed officials expressed […]

US stocks were mixed on Wednesday as positive retail earnings faced off against renewed trade concerns. The S&P 500 edged higher to a new intraday record a day after closing at an all-time high on Tuesday. Better-than-expected earnings from Target and Lowe’s propped up the benchmark index. Investors also weighed […]

US stocks climbed on Monday as investors weighed fresh capital injections from the People’s Bank of China. The central bank added 700 billion yuan ($US101 billion) to China’s financial system on Monday, signalling the adoption of a more accommodative monetary-policy strategy. The S&P 500 crept back near its February 19 […]

US stocks traded mixed on Thursday after weekly unemployment claims dipped below 1 million for the first time since the coronavirus pandemic drove historic job loss. Claims for jobless benefits dropped to 963,000 for the week ended Saturday, according to the Labour Department. The reading handily beat economists’ 1.1 million […]

US equities slipped on Tuesday as tumbling tech giants erased indexes’ early gains. Stocks initially soared higher after President Donald Trump said on Monday afternoon that he was considering lowering the US capital-gains tax. Such a move would increase investors’ realised profits. Investors also mulled Russia’s announcement that it had […]

US equities gained on Tuesday on new hopes for a capital gains tax cut and wary optimism around a Russian coronavirus vaccine. President Trump said Monday afternoon he is “considering” lowering the US capital gains tax. Such a move would increase investors’ realised profits but likely faces legal challenges if […]

Crude oil futures rose on Monday after Saudi Aramco issued a bullish forecast for market demand. The oil producer’s CEO said Sunday he sees Asian demand nearing pre-pandemic highs as economies reopen. West Texas Intermediate crude jumped as much as 1.8%, to $US41.96 per barrel, while international standard Brent crude […]

US equities dipped on Friday as escalating US-China tensions blotted out rosy labour-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. On the economic data front, the US added 1.8 million jobs […]

US stocks climbed on Wednesday as investors maintained optimism for a bipartisan stimulus measure. Democrats and the Trump administration hope to reach a deal by the end of the week but remain split on issues including expanded unemployment benefits and aid for state and local governments. Fears of rising US-China […]

US stocks climbed on Wednesday as investors remained hopeful for a stimulus bill breakthrough. Treasury Secretary Steven Mnuchin said Tuesday that Democrats and the Trump administration hope to reach a deal by the end of the week. Fears of rising US-China tensions eased following reports that senior officials from both […]

US equities gained on Monday as investors focused on deliberations on a new stimulus bill and looked past escalating China tensions. Tech giants drove the Nasdaq composite to a record intraday high. Microsoft led the pack after confirming its talks about buying TikTok. Congressional leaders and Trump administration officials met […]

US stocks climbed on Monday as investors focused on deliberations on a new stimulus bill and looked through escalating China tensions. Congressional leaders and Trump administration officials met over the weekend to continue ironing out a second fiscal relief measure. Negotiations around expanded unemployment benefit remain at a standstill following […]

US stocks slid on Thursday after economic data showed the US’s biggest gross domestic product contraction on record. The country’s economy shrank at an annualized rate of 33% in the second quarter, the Commerce Department announced Thursday. Economists expected a contraction of roughly 35%. Jobless claims data pointed to lasting […]

Oil futures sank on Thursday as dire economic data releases pointed to a demand recovery lasting longer than expected. West Texas Intermediate crude fell as much as 6.3%, to $US38.72 per barrel. Brent crude slid 5.4%, to $US41.38, at intraday lows. Thursday reports showed US GDP sliding the most on […]

US stocks edged higher on Wednesday as traders weighted the prospects of a new spending bill against inflamed tensions with China. Concerns of a fresh US-China conflict intensified after the US ordered the closure of China’s consulate in Houston. China fired back soon after, vowing to implement “firm countermeasures.” Earnings […]

Oil futures soared to their highest level since early March as investors grew more optimistic toward a near-term economic recovery. West Texas Intermediate crude leaped as much as 3.3%, to $US42.16. Brent crude gained 3.4% to $US44.75 at intraday highs. The commodity market’s early gains arrived after the European Union […]

US stocks closed mixed on Friday as traders weighed disappointing quarterly figures from Netflix and gloomy consumer sentiment data. Both the S&P 500 and Dow Jones industrial average finished the week with gains exceeding 1%. Netflix missed estimates for second-quarter profits and third-quarter subscriber additions. A preliminary July reading of […]

US stocks declined on Thursday after weekly jobless claims data came in higher than expectations, falling the least since March on a week-over-week basis. Filings for unemployment benefits reached 1.3 million in the week ended Saturday, landing above the 1.25 million estimate and falling just 10,000 from the previous reading. […]

Crude oil prices slid on Thursday after renewed production in Libya prompted concerns of extraneous market supply. West Texas Intermediate contracts fell as much as 4% to $US39.27, while Brent crude declined 3.1% to an intraday low of $US41.93. The commodity has faced strong pressure through the coronavirus pandemic as […]

US equities rose on Thursday after June’s jobs report trounced estimates and lifted hopes for a swift economic recovery. The tech-heavy Nasdaq Composite index closed at a record high. American businesses added 4.8 million payrolls last month, according to the Bureau of Labour Statistics, handily beating expectations of a 3 […]

US equities soared on Thursday after June’s jobs report trounced estimates and lifted hopes for a swift economic recovery. American businesses added 4.8 million payrolls last month, according to the Bureau of Labour Statistics, handily beating expectations of a 3 million payroll increase. The unemployment rate fell to 11.1%, below […]

Oil prices slumped on Wednesday as investors stared down a larger-than-expected jump in US crude inventories and surging COVID-19 case counts in several states. Inventories leaped by 1.75 million barrels to 545 million barrels last week, according to an American Petroleum Institute report seen by Reuters. Economists expected a build-up […]

US equities climbed on Tuesday after the White House calmed investor nerves by clarifiying that its trade deal with China remains intact. Futures for major indexes tumbled on Monday evening after White House trade adviser Peter Navarro told Fox News the US-China agreement was “over.” Navarro later walked back the […]

US equities erased losses and turned higher on Monday afternoon after the Federal Reserve announced it would begin individual corporate bond purchases. The bond-buying activity comes nearly three months after the central bank first unveiled its lending programs. The March 23 announcement marked a floor for stock prices and fuelled […]

US equities sank on Monday as investors turned less optimistic towards a sharp economic recovery. Fears of a second wave of COVID-19 cases intensified, with Texas and North Carolina reporting record hospitalizations on Saturday. California, Alabama, and Florida notched sharp increases in daily cases. Airline stocks including Delta, United, and […]