So far, so good? Stocks ended the first full week of the earnings season on a strong note Friday, pushing the Dow Jones Industrial Average DJIA, +2.47%, S&P 500 SPX, Read more
Tag: basic materials
Mortgage rates surge to 6.94%, a 20-year high, leading to steep decline in home sales
The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year fixed-rate mortgage averaged 6.94% as of October 20, according to data released by Freddie Mac Read more
Here’s why gold has been a disaster this year despite geopolitical instability and stock market volatility
Gold has been a store of wealth for millennia and in more recent times the price of gold has tended to move inversely with equities and dollars, providing investors with Read more
Here’s a breakdown of the $2 trillion in U.S. equity options that are expiring on Friday
U.S. stocks are rallying hard on Friday thanks to suggestions the Federal Reserve is contemplating shifting back to smaller interest-rate hikes after the November meeting, according a report in the Read more
Inaugural Honeywell survey reveals strong corporate efforts to cut energy waste
Companies are setting aside more budget for energy and environmental sustainability as investors, consumers and boards will only increase their expectations for these efforts. That’s just one of the findings Read more
Gold slips to 2½-year low as U.S. bond yields march higher
Gold prices briefly slipped to their lowest level in 2½ years on Friday as U.S. Treasury yields continued to storm higher, causing ructions across financial markets. Price action Gold futures Read more
What happens if more buyers refuse metals like aluminum from Russia? The LME doesn’t want to find out
Speculation that the U.S. is considering a ban on aluminum from Russia contributed to a brief spike in prices for the metal a week ago, but some consumers have already Read more
Wall Street is driving explosive swings in stocks by embracing a trading strategy popularized by the Reddit crowd
Reddit-loving day traders are reportedly returning to their day jobs, according to the Wall Street Journal, but back in the world of high finance professional traders have adopted one of Read more
Lam Research surges 10% after strong earnings — has stock finally hit a bottom?
Lam Research Corp. shares rallied Thursday as Wall Street cut their target prices, anticipating a bottom to the stock as the chip equipment maker posted earnings that beat expectations and Read more
Gold, silver climb as traders see chance of less aggressive Fed rate rises
Gold and silver prices traded higher on Thursday as prices for the precious metals continued to seesaw this week alongside the U.S. dollar and Treasury yields. Price action Gold futures Read more