Wed 6.8.16 3:22 PM EST U.S. stocks traded mostly higher Wednesday, helped by gains in oil prices, with the Dow and S&P about 1 percent below their 52-week intraday highs, touched last summer. Traders also attributed support to stocks from the weaker U.S. dollar. The U.S. dollar index traded about 0.3 percent lower, with the…
Wed Jun 8, 2016 8:58am EDT Wall Street was set for a slightly higher open on Wednesday, a day after the S&P closed at a near 11-month high, as oil prices rose again and chances of an interest rate hike in the near term faded. Oil held above $50 for the second consecutive day on…
Thursday, May 26, 2016 1:39pm EST U.S. stocks traded in a narrow range Thursday, struggling for a third-straight day of gains, with oil trying to hold the psychologically key $50 level after earlier topping it for the first time since October. “I think the market … is pausing to digest Tuesday’s and Wednesday’s rally,” said…
Markets | Mon May 23, 2016 11:33am EDT A rise in Apple’s stock helped boost the Nasdaq and the Dow, while the S&P 500 was little changed in late morning trading on Monday. The benchmark Philadelphia SE Semiconductors Index .SOX was also up 1.2 percent, following a 3.2 percent rise on Friday, after a report…
Tuesday, May 17, 2016 1pm EST U.S. stocks held lower in choppy trade Tuesday, with declines in consumer staples and utilities offsetting gains in energy as oil prices climbed. The Dow transports outperformed, holding about 2 percent higher and tracking for its best day since April 13, with Avis Budget leading all constituents higher. “A…
Thursday, May 5, 2016 9:45am U.S. stocks traded higher Thursday as higher oil prices supported a more risk-on tone, ahead of the key employment report due Friday. “It’s a little bit of a relief rally … oversold bounce,” said Adam Sarhan, CEO of Sarhan Capital. “You also have a rebound in oil which is very…
Markets | Thu May 5, 2016 9:28am EDT U.S. stocks looked set to open higher on Thursday, after three straight days of losses, as oil prices rose for the first time this week, and investors awaited the monthly jobs data on Friday. Oil prices jumped more than 3 percent as a huge wildfire near Canada’s…
Monday, May 2, 2016 2:37pm U.S. stocks traded higher Monday, the first trading day of the month, with consumer discretionary and consumer staples leading advancers. The Dow Jones industrial average traded about 100 points higher, as Goldman Sachs contributed most of the gains. Apple, the biggest weight on the blue chips index, extended recent declines to…
Markets | Fri Apr 22, 2016 11:25am EDT Wall Street was lower on Friday after a slew of disappointing earnings reports from Microsoft and other major companies eclipsed a surge in oil prices which boosted energy shares. Microsoft was the biggest drag on all three major indexes. Crude rose about 2.5 percent on signs of…
Wednesday, April 20, 2016 9:35am U.S. stocks opened mostly higher Wednesday amid more earnings reports, as investors eyed oil prices ahead of crude inventory data due later in the morning. “We seem to have a fine balance between the tug of war that is crude prices and earnings that are better than worst case scenario,”…