In the commodity market, oil prices continue the rebound for the fourth session in a row, getting closer to update the September peak. Both Brent and WTI have gained around 0.65% as a new storm is now building close to the US Gulf Coast. Thus, the two crude brands have gained about 10% this week...
US equities declined on Thursday and thus ended up to last Friday levels, losing recent gains. The tech sector was a drag again, as it slumped for a second straight session. Meanwhile, the US reported that weekly jobless claims dropped less than expected while the housing market is slowing down...
In the commodity market, oil prices have retreated from their weekly peaks, as investors are concerned about the oversupply amid weak demand during the pandemic, even as Hurricane Sally disrupted production in the US Gulf Coast...
US stock indices took different routes on Wednesday but bears dominated the market at the end of the session. The S&P 500 ended lower despite the fact that the Fed hinted it would maintain interest rates close to zero for a long period. The benchmark index was dragged down by tech stocks...
In the commodity market, oil suddenly updated the weekly peak after several sluggish sessions in a row. Both WTI and Brent have gained over 1.3%. The crude prices rose as Hurricane Sally reached the US Gulf Coast, causing the shutdown of over 25% of American offshore oil and gas production...
US equities continued the bullish week as investors are confident that the Fed would keep its accommodative stance on Wednesday. Tech stocks led the uptrend, with Nasdaq gaining 1.21%. Elsewhere, the S&P 500 rose 0.52%, while Dow Jones edged up only 0.01...
After two consecutive bearish weeks, US equities started the current week off on the right foot, with all three benchmark indexes adding over 1% on Monday. The stock market was buoyed by vaccine hopes and several ongoing multibillion-dollar deals. The S&P 500 closed 1...
In the commodity market, oil prices continue to move sideways but with a bearish tone. Investors are concerned about a slow recovery in fuel demand amid the coronavirus crisis...
In the commodity market, oil prices are up on Monday, but larger timeframes point to a sideways move after the worst slump in months. Crude prices have recovered slightly as tropical Storm Sally is hitting the Gulf of Mexico and is expected to be a category 2 hurricane...
US equities eye recovery after a disastrous week. At the time of writing, the futures on all three benchmark indexes have gained over 1%, pointing to a positive open of the week. Nasdaq might lead today’s rally, as its futures have increased by 1.42%. Last week, the S&P 500 index fell 2...
In individual corporate news, Oracle stock price increased by 6% in after-hours trading after the software maker reported Q1 earnings and revenue that beat analysts’ forecasts...
US equities will likely end the week lower despite Wednesday rebound, as tech stocks haven’t extended their recovery. Wall Street tumbled again on Thursday, though at a moderate pace compared to the latest slump...
While investors expected a rebound in equities to come sooner than later, the way US stocks bounced back was surprising, with the three benchmark indexes showing the best single-day gains in months...
In the commodity market, oil prices can’t find their support as investors concerned about a second wave of the pandemic. Brent has dropped 0.53% to break below $40 for the first time since June. WTI futures are down 0.65% to $36.52...
US stock futures showed some signs of recovery on Monday, but as the markets opened the week on Tuesday, the benchmark indexes plunged further into correction territory. Nasdaq was the worst performer as tech stocks dragged the index down. It fell 4...
In the commodity market, oil prices continue to decline to update their lowest levels since the beginning of July. Prices are responding to increased worries that the potential increase in coronavirus cases could further damage demand for crude...
The US stock market was closed on Monday, but the futures on the benchmark indexes are pointing to recovery attempts, except for Nasdaq. Last week, US equities saw their worst decline in over five months, slashing gains accumulated over the previous five weeks...
In the commodity market, gold is slightly increasing amid mixed import and export data from China. Also, despite the positive nonfarm payrolls report, the US economic data was mixed last week, prompting fears that the recovery might not be as sustainable as expected. The metal is now up 0...
