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U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...
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The Dow floundered on Thursday as the US stock market struggled to mount a convincing recovery from Wednesday’s triple-digit pullback. Meanwhile, the Federal Reserve continues to flex its independence, with Chair Jerome Powell refusing to bow to President Trump’s presumptuous demand that he cut interest rates. DOW PLUNGES 225 POINTS AFTER FED DEFIES TRUMP RATE CUT DEMAND Any uneasy stock...
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Oil prices fell on Thursday, pulled down by a surge in U.S. crude stockpiles due to higher crude imports, a drop in refining activity and strong weekly output from the world’s largest producer. Brent crude oil futures were down $1.09, or 1.5%, at $71.09 per barrel around 8:50 a.m. ET (1250 GMT). Brent is set for a weekly loss, which would break its longest string of weekly gains for a...
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U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...
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