U.S. stocks extended a broad-based rebound Friday, with Wall Street on pace to snap a three-week losing streak. The S&P 500 jumped 1.6%, building on back-to-back sessions of gains, while the Dow Jones Industrial Average soared 400 points, or about 1.3%. Technology stocks led the way up, with the Nasdaq Composite climbing 2%. Oil extended a volatile run as prices resumed their climb Friday. West Texas Intermediate (WTI) and Brent crude oil futures each rose 4% to $86.88 per barrel and $92.84… Source link
Read More »CoreLogic, Google extend fruitful partnership
One stop Rogers describes the platform as a way for mortgage companies to access multiple data products they might need. Specific clients include mortgage originators, servicers and alternative providers in the proptech space. A mortgage company can use Discovery to easily access CoreLogic’s product and data assets, Rogers said, including property information lien details, or access to models like price indexes or market risk indicators. “As a… Source link
Read More »Stocks extend losses in downbeat start to September
U.S. stocks fell lower to start the month after all three major averages registered their biggest August percentage declines since 2015. The S&P 500 edged down 0.5%, and the Dow Jones Industrial Average erased 105 points, or 0.3%. Tech continued to lead the way down, with the Nasdaq Composite sliding 0.9%. Meanwhile, the benchmark U.S. 10-year Treasury yield reached 3.257%, its highest level since June. A downbeat start to September comes on the heels of four straight sessions of selling amid… Source link
Read More »Stocks extend Fed sell-off into fourth day
U.S. stocks tumbled in a turbulent session Wednesday as fears of combative Federal Reserve policy to rein in inflation continued to weigh on sentiment. [Click here to read what’s moving markets on Thursday, September 1] The S&P 500 sank 0.8%, while the Dow Jones Industrial Average tumbled 280 points, or about 0.9%. The tech-heavy Nasdaq Composite fell 0.6%. A volatile run for stocks in recent weeks has erased much of the summer’s relief rally, with the S&P 500 officially wiping out half of… Source link
Read More »Lightning extend Stanley Cup Final with late winner in Game 5
Ondrej Palat scored the winner in the third period to extend the Stanley Cup Final to a Game 6 in Tampa. (Getty Images) It seems all the Tampa Bay Lightning need is a pulse. With the Stanley Cup in the building and the preparations for a championship celebration arranged, the Lightning spoiled the party on Friday night at Ball Arena, scoring late to defeat the Colorado Avalanche 3-2 in Game 5. It was Ondrej Palat who prolonged the Stanley Cup Final, scoring on an expert dissection of the… Source link
Read More »Stock futures rise to extend gains after Powell comments
U.S. stock futures opened higher Tuesday afternoon after rallying during the regular trading day, as investors took in reassurances from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs. Contracts on the S&P 500 edged higher. The blue-chip index ended Tuesday’s regular trading day higher by 2% to settle at at 4,088.85. Technology and growth stocks that had been beaten down over the past month… Source link
Read More »Stocks extend losses as investors weigh hawkish Powell remarks, more corporate earnings
U.S. stocks fell sharply on Friday as investors weighed a bevy of corporate earnings and braced for more aggressive interest rate hikes from the Federal Reserve in coming months. The S&P 500 tumbled 1.9%, while the Dow Jones Industrial Average plunged 580 points, placing both major indexes at a five-week low. The tech-heavy Nasdaq Composite declined 1.9%. Meanwhile, the 10-year U.S. Treasury yield remained at 2.9%, the highest level since December 2018. The losses follow remarks from Fed Chair… Source link
Read More »Stock futures extend gains, with Fed in focus
U.S. stock futures gained Friday morning, with investors continuing to contemplate the next policy moves by the Federal Reserve. Contracts on the S&P 500 pointed to a higher open to build on Thursday’s gains and further shake off volatility from earlier this week. Still, as of Thursday’s close, the S&P 500 was on track to post a weekly loss that would end a three-week winning streak, if levels hold through Friday’s close. Fresh commentary from Fed officials remained in focus, as another set of… Source link
Read More »Bonds Extend Drop After Fed Sparks One of Worst Days in Decade
(Bloomberg) — The U.S. bond market reeled further on Tuesday, extending Monday’s declines after Federal Reserve Chair Jerome Powell’s aggressive rate hike comments drove yields on short-dated Treasuries to one of their biggest daily jumps of the past decade. Most Read from Bloomberg The central bank chief’s hawkish tone led traders to rapidly ratchet up estimates for how aggressively the Fed will tighten monetary policy this year as rising commodity prices threaten to add fuel to the… Source link
Read More »Stock futures open lower to extend earlier declines
Stock futures opened lower Tuesday evening following another volatile session on Wall Street. Concerns over the impact that the punitive measures countries and companies have taken against Russia have weighed on U.S. equity markets. The S&P 500 dropped another 0.7% on Tuesday to bring its year-to-date losses to 12.5%. The Dow shed more than 0.5% to sink further into a correction, while the Nasdaq Composite extended losses after sliding into a bear market earlier this week. President Joe… Source link
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