Sep 14 2024, 03:08 Stocks traded higher on Friday as Wall Street headed for a strong weekly gain ahead of the upcoming Federal Reserve meeting. The S&P 500 climbed 0.6%, putting the broad-market index on track for its fifth straight winning session as it trades less than 1% from its July all-time high. The Dow…
Sep 12 2024, 02:24 Oil futures rise as Hurricane Francine causes some U.S. offshore production to be shut in, with the rebound from yesterday’s heavy selling tempered by weekly builds in U.S. crude and product stockpiles. The EIA reported an 833,000 barrel increase in crude stocks, and 2.3 million barrel increases in gasoline and distillate…
Sep 12 2024, 01:47 Gold prices fell on Wednesday as the dollar and Treasury yields firmed after U.S. inflation data prompted investors to scale back expectations of an oversized rate cut from the Federal Reserve next week. Spot gold was down 0.1% at $2,513.19 per ounce at 1:46 p.m. ET (1746 GMT). U.S. gold futures…
Sep 11 2024, 23:14 European stocks were mixed on Wednesday as global markets focused on the release of the latest U.S. inflation data. The pan-European Stoxx 600 provisionally closed 0.02% higher after rising for much of the trading day before falling into negative territory, and then somewhat paring losses. Major regional bourses were mixed, with…
Sep 11 2024, 08:27 Asian stocks opened lower on Wednesday as investors weighed election risks ahead of the first US presidential debate between Vice President Kamala Harris and former President Donald Trump. Equity benchmarks fell in Tokyo and were little changed in Seoul and Sydney. Futures for Hong Kong shares pointed to a lower open. Global growth concerns resurfaced as…
Sep 11 2024, 08:40 Oil staged a modest rebound after tumbling to the lowest level since late 2021, with an industry group flagging a drop in US stockpiles. Global benchmark Brent rose toward $70 a barrel after sliding by more than 3% on Tuesday, while West Texas Intermediate was near $66. The industry-funded American Petroleum Institute estimated that…
