US and global benchmark crude oil officially entered a bear market on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. On Tuesday, the front-month April West Texas Intermediate crude futures contract CL.1, -7.18% CLJ22, […]
US and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. In Tuesday dealings, the front-month April West Texas Intermediate crude futures contract CL.1, -5.81% CLJ22, […]
Oil prices and Chinese stocks slumped after Beijing imposed sweeping Covid-19 lockdowns, while US stock indexes opened higher ahead of the start of a cycle of interest-rate rises from the Federal Reserve. The S&P 500 rose 0.7% in early trading Tuesday, while the blue-chip Dow Jones Industrial Average was ahead 0.6%. The technology-heavy Nasdaq Composite […]
“Markets appear to have been trafficking in an odd mix of hope, fear and uncertainty.” That was Mizuho Bank, summing up the state of play for markets since Russia’s invasion of Ukraine nearly three weeks ago. For Tuesday, China’s COVID-19 worries and tensions with the US are adding to the mix, with equities wobbling, and […]
Stocks and oil prices tumbled Monday as investors assessed the impact of new Covid-19 outbreaks in China and awaited a likely interest-rate increase by the Federal Reserve later this week. The technology-focused Nasdaq Composite dropped 262.59 points, or 2%, to 12581.22, its lowest level since December 2020, as China locked down the key manufacturing regions […]
US stocks gave up or pared Monday morning gains as investors monitored Russia-Ukraine talks and a COVID lockdown in China, while awaiting this week’s Federal Reserve decision. What’s happening? The Dow Jones Industrial Average DJIA, -0.07% was up 210 points, or 0.6%, at 33,154 after rising more than 400 points earlier on Monday. The S&P […]
Stocks climbed and oil prices tumbled Monday, easing fears that a surge in commodity prices could stall the US economy as investors awaited a likely interest-rate increase by the Federal Reserve later this week. The Dow Jones Industrial Average rose nearly 1%, and the S&P 500 gained 0.6%. The benchmark stock index has fallen for […]
The sting of gasoline prices above $4 a gallon leaves some Americans rethinking their driving options, and just how aggressively they burn gas while driving. For some drivers, the double-edged sword of rising inflation after the worst days of the COVID-19 pandemic and Russia’s war in Ukraine leading to a spike in gas prices has […]
The sting of gasoline prices above $4 a gallon leaves some Americans rethinking their driving options, and just how aggressively they burn gas while driving. For some drivers, the double-edged sword of rising inflation after the worst days of the COVID-19 pandemic and Russia’s war in Ukraine leading to a spike in gas prices has […]
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