financial market news
Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases
Apple Inc., Verizon Corp. and the U.S. divisions of several foreign auto makers are among the largest direct beneficiaries of Federal Reserve efforts to support the corporate-debt market, according to disclosures Sunday. In all, the Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate …
Charting a break to ‘clearer skies’ territory: Nasdaq rattles cage on record highs
U.S. stocks are firmly higher early Friday, rising after a strikingly better-than-expected monthly jobs report. Against this backdrop, the Nasdaq Composite is rattling the cage on uncharted territory, vying to surpass its record close (9,817) and absolute record peak (9,838). Meanwhile, the Dow industrials have knifed firmly atop the 200-day moving average early Friday, clearing …
This Bull Market Isn't as Big as You Think – The Wall Street Journal
This Bull Market Isn’t as Big as You Think The Wall Street Journal Wall Street’s rally accelerates after stunning jobs report USA TODAY The Stock Rebound Really Gets Going After Wall Street Logs Off Bloomberg S&P’s 4-Day Rally Ends Newser Wall Street jumps on surprise improvement in labor market Investing.com View Full Coverage on Google News Source link
German stocks surge after three-day break as equities extend winning run
European stocks on Tuesday extended recent gains as economies reopen, with German stocks booming after a three-day break. The German DAX DAX, +3.47% rallied 3.7% following the Ascension Day holiday, with big gains for automobile maker Daimler DAI, +6.32% and airline Deutsche Lufthansa LHA, +4.25%. Other markets rose as well, with the U.K. FTSE 100 …
U.S. oil benchmark on track for a more than 18% weekly rise as focus shifts to supply cuts
Oil futures rose Friday, with the U.S. benchmark on track for a weekly gain as investors turn their attention toward production cuts by major oil producers and demand shows early signs of recovery with business lockdowns globally beginning to be lifted. “The market focus is increasingly shifting to supply as many OPEC+ members meet or …
European stocks on track to break three-session losing run
European stocks advanced on Tuesday, putting markets on track to end a three-session losing run. Up 17% from the lows of March, the Stoxx Europe 600 SXXP, +1.83% rose 1.8%. The gains tracked a reversal on Wall Street on Monday, when early-session losses evaporated and investors bid technology stocks higher. Stocks mostly shrugged off a …
Dow Jones Industrial Average Fell as Investors Need a Break After the April Rally
Text size After rallying 12.9% and 11.1% in April, the S&P 500 and Dow Jones Industrial Average, respectively, each finished their best month in 33 years. But the momentum faded the first day in May, as all three major indexes tumbled into the red. The Dow declined 622.03 points, or 2.55%, to finish at 23723.69. …
Saudi Oil Stranded in Supertankers as Backlog Piles Up
Saudi Arabia’s oil-price war with Russia flooded the market with crude. Now, with demand having dried up and buyers hard to find, the kingdom is resorting to storing much of it at sea. At least one in 10 supertankers around the world is serving as a floating oil storage facility, Saudi oil officials say. With …
Global Stocks Fall After Trump Issues Warning on Pandemic
Global stocks fell Wednesday after President Trump issued a stark new warning on the spread of the novel coronavirus in the U.S., reviving concerns about the potential damage to the world’s largest economy. Futures tied to the Dow Jones Industrial Average dropped 3%, suggesting that blue-chip stocks will decline a day after U.S. equities closed …
The Dow just booked the worst 1st quarter in 124 years — here’s how the stock market tends to perform after brutal quarters
How bad has it been for the U.S. stock market in the first three months of 2020? In a word, historic, but returns are almost certain to improve over the longer term despite the current pain, if history is any guide. Indeed, it has been punishing for investors, as the market went into a coronavirus-sparked …
