Category: Latest News
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Builders FirstSource falls short in Q4; stock edges lower
Builders FirstSource (NYSE:BLDR) posted fourth-quarter results on Tuesday that came in below Wall Street expectations, sending shares modestly lower in pre-market trade. Adjusted earnings per share were $1.12, $0.15 under consensus estimates, while revenue of $3.4 billion trailed the $3.46 billion forecast. The stock declined 1.07% ahead of the open following the release. Net sales…
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Tech Sector Drag Could Pressure Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures are signaling a weaker start to Tuesday’s session, with equities poised to decline as markets reopen after the extended Presidents’ Day holiday weekend. Technology shares are expected to remain a source of pressure, highlighted by a 0.9% drop in Nasdaq 100 futures. Investor unease surrounding the rapid expansion of artificial intelligence infrastructure…
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Oil slips modestly as markets await U.S.–Iran negotiations
Crude prices moved slightly lower on Tuesday in subdued, holiday-affected trading, as attention centered on imminent diplomatic talks between Washington and Tehran. A firmer U.S. dollar ahead of several key economic releases and Federal Reserve signals later this week also weighed on energy markets. Brent futures for April delivery declined 0.3% to $68.45 per barrel,…
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Gold slips under $4,900/oz as U.S.–Iran negotiations and key data loom
Gold and silver extended their declines on Tuesday, building on the previous session’s weakness as investors stayed cautious ahead of important U.S. economic releases scheduled for later this week. Market nerves were also heightened by impending talks between Washington and Tehran regarding Iran’s nuclear program. At the same time, public holidays in both China and…
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U.S.-Iran talks loom; Palo Alto Networks earnings ahead – what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures fluctuated on Tuesday as investors looked ahead to fresh economic data and another round of corporate earnings. A continued rotation out of technology stocks and into more defensive sectors remains a key theme, amid renewed debate about the impact of artificial intelligence developments and heavy capital spending on long-term profitability. Meanwhile, Brent…
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Five key themes for markets in the coming week
Investors are heading into a shortened U.S. trading week with a packed agenda. A slate of economic reports — spanning inflation and growth — will command attention, alongside minutes from the Federal Reserve’s latest meeting. On the corporate front, results from Walmart (NYSE:WMT) and Palo Alto Networks (NASDAQ:PANW) are set to draw particular scrutiny. 1.…
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Oil steady as traders assess U.S.–Iran negotiations and looming OPEC+ output hike
Oil prices were broadly stable on Monday as markets balanced the potential impact of renewed U.S.–Iran nuclear discussions against expectations that OPEC+ could move forward with planned supply increases. By 09:10 GMT, Brent crude futures were down 18 cents, or 0.3%, at $67.52 per barrel. U.S. West Texas Intermediate crude slipped 17 cents to $62.72…
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Gold eases and silver pulls back as investors reassess U.S. rate trajectory
Gold prices edged lower on Monday, with silver also declining, as markets continued to weigh the outlook for U.S. interest rates following the latest inflation figures. At 04:25 ET (09:25 GMT), spot gold slipped 0.6% to $5,015.40 per ounce, while April gold futures fell 0.2% to $5,035.25 per ounce. Spot silver declined 0.9% to $77.230…
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Bitcoin slips toward $68,000 as crypto downturn stretches into fourth week
Bitcoin (COIN:BTCUSD) declined on Monday, deepening a selloff that has now entered its fourth consecutive week, as ongoing uncertainty around U.S. interest rates continues to dampen appetite for riskier assets. The largest cryptocurrency by market value retreated after briefly climbing above $70,000 over the weekend. By 00:58 ET, Bitcoin was down 2.7% at $68,409.7. Strategy…
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Holiday week brings fresh data, earnings and renewed U.S.–Iran talks to the fore: Dow Jones, S&P, Nasdaq, Wall Street Futures
Markets are heading into a shortened trading week packed with economic releases and major corporate earnings, while geopolitical developments between Washington and Tehran are keeping energy traders alert. Oil prices are holding in a narrow range ahead of new nuclear talks in Switzerland, Warner Bros. Discovery is reportedly reassessing a takeover proposal, and both gold…