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US stock

US MIDDAY: Gold prices slump
Markets

US MIDDAY: Gold prices slump

NEW YORK: Gold prices fell as much as 1.7% on Tuesday to their lowest in more than a week on stronger US Treasury...
Published 17 Feb, 2021 04:24am
Wall St opens lower with earnings underway, eyes on Fed
Markets

Wall St opens lower with earnings underway, eyes on Fed

  • The Dow Jones Industrial Average fell 43.3 points, or 0.14%, at the open to 30893.78. The S&P 500 fell 12.8 points, or 0.33%, at the open to 3836.83.
  • Nasdaq Composite dropped 139.5 points, or 1.02%, to 13486.576 at the opening bell.
Updated 27 Jan, 2021 11:31pm
GameStop shares set to jump 50pc in short-squeeze
Markets

GameStop shares set to jump 50pc in short-squeeze

  • Traders believe that the reasons for the jump in the shares are short-sellers quickly buying back into the stock to cover potential losses, defined as a short-squeeze.
  • The trading strategy is high risk in that losses are theoretically unlimited when the stock rises instead of falling.
Published 25 Jan, 2021 06:25pm
Oil prices climb
Markets

Oil prices climb

• IEA cuts 2021 oil demand outlook, but sees upturn in H2 NEW YORK: Oil prices climbed with US stock markets on...
Published 20 Jan, 2021 04:29am
Exxon probed over Permian Basin valuation: report
Business & Finance

Exxon probed over Permian Basin valuation: report

  • The Journal report, citing unnamed sources, said the Securities & Exchange Commission probe focused on unrealistic assumptions for highest-producing US oil field.
  • An unrealistic outlook could mislead investors and artificially boost a company's share price.
Published 15 Jan, 2021 09:24pm
S&P 500, Dow drop as big banks fall after results
Markets

S&P 500, Dow drop as big banks fall after results

  • JPMorgan dips despite posting jump in profit.
  • Citigroup, Wells Fargo slip after results.
  • Walmart drops as head of e-commerce to retire.
  • Retail sales fall again in December.
  • Indexes: Dow down 0.36%, S&P slips 0.26%, Nasdaq up 0.12%.
Published 15 Jan, 2021 08:29pm