Category: Market Summary

Stocks moved sharply lower in early trading on Monday but showed a substantial turnaround over the course of the session. The major averages climbed well off their worst levels and into positive territory, with the tech-heavy Nasdaq leading the recovery. The major averages surged in the final hour of trading, closing not far off their…

Shares of major airlines and cruise operators fell sharply on Monday as surging oil prices triggered a selloff in travel-related stocks. United Airlines (NASDAQ:UAL) dropped 6%, while American Airlines (NASDAQ:AAL) fell 5%. Delta Air Lines (NYSE:DAL) declined 4.5% and Southwest Airlines (NYSE:LUV) slipped 3.8%, as investors reacted to the sharp rise in crude prices. Oil…

U.S. equities opened sharply lower on Monday as escalating tensions in the Middle East pushed oil prices toward $100 a barrel, intensifying concerns that rising energy costs could pressure economic growth. As of 09:43 ET, the S&P 500 declined 1.2% to 6,655.57, the Nasdaq Composite dropped 1.3% to 22,103.06, and the Dow Jones Industrial Average…

The conflict involving Iran continues to intensify at the start of the new week, pushing oil prices above $100 per barrel and fueling concerns about renewed global inflation pressures. At the same time, the Federal Reserve has entered its policy blackout period as a series of important inflation and labor market data releases approach. On…

Stocks moved sharply lower during trading on Friday, adding to the losses posted in the previous session. With the steep losses on the day, the Dow and the Nasdaq dropped to their lowest closing levels in over three months and the S&P 500 hit a two-month closing low. The major averages all finished the day…

Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a sharply lower open on Friday, with stocks likely to see further downside following the weakness seen in the previous session. The futures saw further downside following the release of a closely watched Labor Department report showing U.S. unemployment unexpectedly decreased in the…

Futures tied to the main U.S. stock indices moved slightly higher on Friday as investors continued to evaluate the escalating conflict involving Iran, which has yet to show signs of easing. Oil prices remain on track for strong weekly gains amid concerns over supply disruptions through the crucial Strait of Hormuz. Meanwhile, markets are preparing…

After turning in a strong performance in the previous session, stocks moved back to the downside during trading on Thursday. The major averages all moved lower, with the Dow slumping to its lowest closing level in well over two months. The major averages saw a notable recovery attempt in the final hour of trading but…

U.S. stock index futures moved lower late Wednesday after a sharp rise in oil prices reignited worries about the inflationary effects of the Iran conflict. Futures erased earlier gains and slipped into negative territory following a positive trading day on Wall Street, where strong economic data and reports suggesting Iran was open to further dialogue…

Stocks moved mostly higher during trading on Wednesday, partly offsetting the weakness seen in the previous session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq jumped 290.79…