Tag Archives: commodity markets

Dow futures drop 800 points as Trump speech disappoints investors

Dow futures drop 800 points as Trump speech disappoints investors

Traders work before the closing bell at the New York Stock Exchange (NYSE) on February 28, 2020. Johannes Eisele | AFP | Getty Images Futures contracts tied to the major U.S. stock indexes fell on Wednesday night after an address from President Donald Trump failed to quell concerns over the …

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Saudi Arabia, Russia oil dispute is about ‘restructuring of supply’

Saudi Arabia, Russia oil dispute is about 'restructuring of supply'

The oil price rout this week may be a chance for the industry to restructure and could ultimately be a positive for the market, a strategist said on Wednesday. The oil markets tanked Monday, plunging over 20% following a disagreement on production cuts between OPEC and its allies. Russia declined to lower output last week, and Saudi …

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Asian stocks bounce after huge losses on news of possible U.S. tax cut

Asian stocks bounce after huge losses on news of possible U.S. tax cut

BEIJING (AP) — Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain …

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Here are Friday’s worst stock-market performers as oil takes the market down

Here are Friday’s worst stock-market performers as oil takes the market down

On the worst day for oil prices in more than five years, the broad U.S. stock indexes took another beating on Friday. • The Dow Jones Industrial Average DJIA, -0.98% was down 256.5 points, or 1%, to close at 25,864.78. • The S&P 500 index SPX, -1.70% fared considerably worse, with a …

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Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

An offshore oil platform. Cavan Images | Cavan | Getty Images Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market. Prices …

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Dow industrials seen opening sharply higher gains a day after Fed’s surprise rate cut

Dow industrials seen opening sharply higher gains a day after Fed’s surprise rate cut

Getty Images Democratic presidential candidate Joe Biden greets restaurant patrons at Buttercup Diner in Oakland, Calif. U.S. stock index-futures were poised to open sharply higher Wednesday after results of the Democratic party’s primary vote to nominate a presidential candidate in November’s election boosted the chances of former Vice President …

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U.S. stock futures point to further sharp declines as Asia follows Wall Street plunge

U.S. stock futures point to further sharp declines as Asia follows Wall Street plunge

U.S. stock futures fell sharply on Friday, a day after major benchmarks pushed into correction territory as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy. How are major benchmarks trading? Dow Jones Industrial Average futures …

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Goldman Sachs warns of imminent risk for stocks due to complacency on coronavirus

Goldman Sachs warns of imminent risk for stocks due to complacency on coronavirus

Stocks look ready to take a breather and you can blame that on some fresh coronavirus worries. Japan reported two deaths from a cruise ship and South Korea told 2.5 million people to stay home following its first casualty. While investors may be tired of hearing how virus-complacent they are, …

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