U.S. stocks traded modestly higher Friday morning as Treasury yields pulled back despite a hotter-than-expected August inflation reading on the final trading day of a difficult week, month, and quarter Read more
Tag: basic materials
Gold, silver recover as dollar holds below 20-year highs
Gold futures climbed on Friday, shrugging off rising inflation in Europe, as the U.S. dollar traded below a 20-year high reached earlier this week. Price action Gold futures GCZ22, +0.49% Read more
Dow futures rise 200 points as another rough quarter concludes
U.S. stock futures on Friday were pointing to a positive end to another difficult quarter, with key inflation data and Fed speeches set to come. What’s happening Futures on the Read more
Car-related stocks take it on the chin, with declines of up to 25% in one day
U.S. stocks sold off again on Thursday, with CarMax and several vehicle manufacturers and parts makers among the worst performers. The S&P 500 SPX fell 2.1% for the session to Read more
Highly sanctioned Russian oligarch with close ties to Putin indicted for sending flowers, arranging for child to be born in the U.S.
Aluminum tycoon Oleg Deripaska, a Russian oligarch with close ties to Vladimir Putin, has been indicted for allegedly evading U.S. sanctions through hidden financial transactions, including sending people flowers and Read more
Mortgage rates march toward 7%, reaching highest level since 2007
The numbers: Mortgage rates continue to march toward 7%, putting pressure on people looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according to Read more
Supply ‘lag’ helps lithium triple its prices in a year
Lithium prices have tripled in a year, and the chemical element, which is used in batteries for electric vehicles, faces a long-term supply shortage. The increase “is largely due to increasing demand for electric Read more
Mortgage rates march towards 7%, reaching highest level since 2007
The numbers: Mortgage rates continue to march towards 7%, continuing to pressure potential homeowners looking to buy a home. The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29, according Read more
CSX, Norfolk Southern stocks sink to near 2-year lows after UBS downgrades, citing a ‘deteriorating’ outlook
Shares of CSX Corp. and Norfolk Southern Corp. both sank toward the lowest levels in nearly two years Tuesday, after UBS analyst Thomas Wadewitz backed away from his long-time bullish Read more
Wall Street’s ‘fear gauge’ might hold the key to the timing of the next market rebound. Here’s why.
Now that the Dow Jones Industrial Average has joined the S&P 500 in bear-market territory, U.S. stocks appear poised for another difficult week. As a rampaging dollar and sharply higher Read more