commodity
Tesla stock rallies to record ahead of inclusion in S&P 500
Tesla Inc. stock ended its pre-S&P 500 index’s era with one final rally and plenty of investor interest. Tesla TSLA, +5.96% rose 6% to end at a record $695 on Friday, reversing course from earlier in the day and gathering most of its steam in the final moments of trading. Nearly 200 million shares traded …
BlackRock Emerges as Wall Street Player in Biden Administration
Wall Street bankers, and in particular those from Goldman Sachs Group Inc., have long held senior positions in the White House. Under President-elect Joe Biden, such roles are going to executives of BlackRock Inc. A former Goldman executive held the Treasury secretary post in three of the last four administrations, but the firm is absent …
Natural-Gas Drillers Outshine Oil Peers as Covid-19 Surges
A split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as renewed concerns about the coronavirus pandemic are weighing down crude prices. But gas-focused drillers are …
European stocks slump after SAP profit warning and new COVID-19 restrictions
Italian anti-riot policemen clash with demonstrators over measures to fight the spread of COVID-19 in the center of Naples, southern Italy, on October, 24, 2020. carlo hermann/Agence France-Presse/Getty Images European stocks traded lower Monday on a combination of worries, including a profit warning from business software giant SAP, new restrictions on activity in response to …
U.S. Stock Futures Wobble After Turbulent Session
U.S. stock futures wobbled Tuesday, signaling that stocks may steady after a bout of volatility that has eroded investors’ confidence in the market’s monthslong rebound. Futures tied to the S&P 500 edged down 0.2% while contracts tied to the technology-heavy Nasdaq gained 0.4%. The market retreated sharply Monday, pushing the S&P 500 to a fourth-straight …
European stocks rise after worst drubbing in three months amid second COVID-19 wave concerns
People enjoy a drink outside a pub in Camden in central London on September 13, 2020. justin tallis/Agence France-Presse/Getty Images European stocks edged higher on Tuesday after their worst one-day performance in more than three months, as the Continent faces tighter economic restrictions due to rising cases of coronavirus. After a 3.2% nosedive on Monday, …
Dow, S&P 500 book 7th straight day of gains, Nasdaq ends lower as high-flying tech stocks take a breather
The S&P 500 booked its longest stretch of gains in about 16 months Monday, as investors monitored signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their high-flying counterparts. Investors also focused on the significance of President Donald Trump’s weekend signing of …
Nasdaq trades in record territory as technology-related shares rise, but S&P 500’s 5-session streak in jeopardy
U.S. stocks on Tuesday were attempting to recover some early lost ground on the back of gains in technology and tech-related shares as investors assessed the economic and public-health environment following a strong rally to start the week in the previous session. The apparent pause in unfettered enthusiasm for equities followed revised forecasts from the …
Why stock-market strategists have never been more confused in June about the year-end outlook for equities
It has been the best of times and the worst of times for U.S. equity benchmarks over the past two quarters, and that is, perhaps, why Wall Street analysts are facing their most befuddling challenge yet. The Dow Jones Industrial Average DJIA, +0.84% and the S&P 500 SPX, +1.54% just put in their best quarterly …
U.S. Stocks Open Higher as Bank Earnings Reports Roll In
U.S. stocks rose Wednesday as another round of earnings reports from major banks and blue-chip companies began trickling in. The Dow Jones Industrial Average added 39 points, or 0.1%, shortly after the opening bell. The S&P 500 climbed 0.1% and the Nasdaq Composite also rose 0.1%. Shares of Bank of America fell 1.7% after it …