Updated Oct. 1, 2021 9:17 am ET Futures are up, reversing earlier losses to suggest Wall Street indexes could rise on their first trading day of the fourth quarter. Here’s what we’re watching ahead of Friday’s market open. Theater chain and meme stock favorite AMC Entertainment AMC 1.05% rose 3.5% premarket after announcing the repurchase […]
Lumber prices are rising again. Futures are up almost 40% since late August, while pricing service Random Lengths said that its framing composite index, which tracks on-the-spot sales, has added 27%. Analysts and industry executives don’t expect the gains to be the start of a wild ride like the one in spring that sent two-by-fours into […]
Markets tumbled to end the quarter, sending the S&P 500 to its worst monthly pullback since the pandemic-fueled selloff of March 2020 Stocks began the day higher, only to slump in the following hours. The S&P 500 wound up falling 1.2% to 4307.54 Thursday, nearly erasing the entirety of its gains for the quarter. The […]
The U.S. debt-ceiling standoff is skewing investor preferences for different types of Treasurys. Investors are demanding more yield to hold some short-term Treasurys with the greatest risk of delayed payment. Meanwhile, they are driving down yields on a dwindling supply of others, with the Treasury Department slowing short-term borrowing to push off hitting the ceiling. […]
Micron’s fiscal first-quarter revenue forecast was almost 11% below Wall Street’s prediction. Photo: Jeremy Erickson/Bloomberg News Sept. 29, 2021 12:57 pm ET As surprises go, Micron Technology’s MU -0.78% disappointing projection hardly qualifies. The maker of memory chips posted relatively strong results for its fiscal fourth quarter late Tuesday. But its projection of $7.65 billion […]
Updated Sept. 29, 2021 9:16 am ET Futures are pointing to a partial relief rally after Tuesday’s rout on Wall Street. Here’s what we’re watching before Wednesday’s trading heats up. Major technology shares that closed with losses on Tuesday were inching higher premarket. Microsoft, Google parent Alphabet and Apple each gained 0.5%, and chip maker […]
Updated Sept. 28, 2021 9:17 am ET Stock futures sagged as investors rotated out of interest-rate sensitive technology shares. U.S. government bond yields hit their highest level in three months. Oil prices hit three-year highs. Here’s what we’re watching ahead of the opening bell. Tech stocks including Facebook, FB -0.31% Netflix, NFLX 2.61% Apple AAPL […]
OPEC is forecasting an unlikely winner amid an energy shift away from hydrocarbons, predicting the cartel itself will dramatically boost its influence in the global oil market over the next two decades. In its annual report on long-term energy trends, the Organization of the Petroleum Exporting Countries said it expects global oil demand to grow […]
Major U.S. indexes turned in a mixed performance Monday as stocks closely tied to the economy got a boost while shares of technology and other growth firms slipped. The Dow Jones Industrial Average added 71.37 points, or 0.2%, to 34869.37, as energy and financial shares led the trading session. The S&P 500 declined 12.37 points, […]
It has been a banner year for fossil-fuel, metals and agricultural markets. For many commodity traders, the boom in prices has had an unexpected effect: a credit crunch that is reshaping the industry in favor of the largest players. Higher prices are requiring traders to borrow more money to finance the same volume of oil, […]
