Stock Market News Today
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Stock Market News Today
4y ago
Stocks rose Friday, adding to this week’s strong gains, amid a report by Bloomberg News that China is set to up its purchases of U.S. farm products to comply with phase one trade deal. The report eased concerns about U.S.-China trade relations as the two countries exchange heated rhetoric regarding the coronavirus. The Dow was ..read more
Stock Market News Today
4y ago
In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a “supercycle” that sends Brent crude skyrocketing as high as $190 a barrel in 2025. Weeks later, the coronavirus pandemic set off an epic collapse in oil prices as demand imploded. And yet the bank is doubling ..read more
Stock Market News Today
4y ago
Stockpiles of U.S. crude oil rose 1.2 million barrels, the Energy Information Administration said Wednesday, confounding expectations. Analysts tracked by Investing.com had forecast a draw of 152,000 barrels compared to a build of 5.7 million barrels the previous week. U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, are now at a ..read more
Stock Market News Today
4y ago
Facebook Inc said on Tuesday it would affix labels to political ads shared by users on their own feeds, closing what critics have said for years was a glaring loophole in the company’s election transparency measures. The world’s biggest social network has attached a “paid for by” disclaimer to political ads since 2018, after facing ..read more
Stock Market News Today
4y ago
StockMarketNews.Today – Federal Reserve Chairman Jerome Powell is due to testify to Congress amid concerns over a possible resurgence of Covid-19. U.S. retail sales data will be watched for indications on the strength of the reopening rebound, with investors waiting to see if the recent bounce in value stocks can be sustained. Across the pond ..read more
Stock Market News Today
4y ago
Stocks rallied on Friday, clawing back some of the sharp losses from Wall Street’s worst day since March. The Dow Jones Industrial Average traded 831 points higher, or 3.3%. The S&P 500 gained 2.9% while the Nasdaq Composite advanced 2.8%. Investors on Friday went right back into the plays whose fates hinge on a successful ..read more
Stock Market News Today
4y ago
European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China. The deal would create “a company built around four of the world’s largest profit pools in food delivery: the ..read more
Stock Market News Today
4y ago
The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden. Concerns over election-fueled volatility have regained prominence in recent weeks, even as broader market swings have subsided and stocks have surged. Futures on the Cboe Volatility ..read more
Stock Market News Today
4y ago
Natural Gas Futures had been ranging ahead of Tropical Storm Cristobal which hit the Gulf Coast on Sunday. But well before the coronavirus pandemic, the commodity was falling along with the rest of the energy sector. And the COVID-19 lockdown pushed prices even further—down to 25-year lows. However, Monday’s rebound pointed at trader demand that ..read more
Stock Market News Today
4y ago
The main focus this week will be on Wednesday’s Federal Reserve meeting, with investors on the lookout for clues on how much more, if any, stimulus may be needed. The U.S. calendar also features data on CPI, jobless claims and consumer sentiment. Investors will continue to monitor the steepening yield curve amid a selloff in ..read more