Tag: stocks

Euro Plunges to New 20-year Low After Russian Gas Halt

September 5, 2022
Business & Marketseconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been increasingly correlated with natural gas prices in recent months, with the former falling when prices of the…

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Oil Prices Jump More Than $2 Ahead of OPEC+ Meeting

September 5, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures advanced by $2.43, or 2.6 percent, to $95.45 a barrel by 0850 GMT after rising 0.7 percent on Friday….

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Global Stocks Sink as Europe Faces New Squeeze on Gas Supply

September 5, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies. London and Frankfurt opened lower. Tokyo, Hong Kong, and South Korea fell while Shanghai gained. Oil prices rose more than $2 per barrel while the euro edged lower. Markets were roiled by Russian energy giant Gazprom’s announcement Friday that a…

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7 Popular Thematic ETFs: Here’s How to Invest in Some of the Hottest Trends

September 4, 2022
BrightETFsexchange-traded fundsinvestingpersonal financestocksThematic ETF
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By James Royal From Bankrate Thematic exchange-traded funds, or ETFs, allow you to invest in a number of the hottest trends and industries—from blockchain to cloud computing, and clean energy to cybersecurity. Thematic ETFs are an easy way to play a trend rather than trying to pick a winner, allowing you to ride the wave that’s carrying the whole sector. Here…

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Stocks Shed Early Gains, End Lower for 3rd Straight Week

September 2, 2022
Business & MarketsMarketsstocksWall Street
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Stocks gave up an early rally and closed lower Friday, marking their third losing week in a row and extending Wall Street’s late-summer slump. Major stock indexes initially climbed broadly following the government’s latest job market report, which showed employers slowed their hiring in August. The report put traders in a buying mood, stoking cautious…

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How Major US Stock Indexes Fared Friday Sept. 2, 2022

September 2, 2022
BrightBusiness & MarketsDow Jones industrial averageinvestingMarketsNASDAQpersonal financestocks
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Stocks gave up an early rally and ended lower on Wall Street, marking their third losing week in a row. Indexes had opened higher following a report on the job market that showed a moderate slowdown in hiring. That stoked cautious optimism that the Federal Reserve may not need to be as aggressive with high…

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Wall Street Climbs at Open After August Jobs Report

September 2, 2022
Business & Marketseconomic policieseconomyenergyinflationMarketsrecessionstocksUS
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U.S. stock indexes opened higher on Friday (Sept. 2) after data showed stronger-than-expected jobs growth in August, but cooling wage increases and a rise in the unemployment rate eased some concerns about inflation. The Dow Jones Industrial Average rose 192.08 points, or 0.61 percent, at the open to 31,848.50. The S&P 500 opened higher by…

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Dollar Near Two-Decade High Ahead of US Jobs Data

September 2, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON—The dollar was headed for its third weekly gain in a row and was near two-decade highs against other major currencies, as investors focused on U.S. jobs data due later on Friday that could bolster the case for aggressive interest rate hikes. The U.S. currency has been riding high since Federal Reserve Chair Jerome Powell…

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Oil Rallies Ahead of OPEC+ Meeting

September 2, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the global economy continued to limit gains. Brent crude futures rose $2.01, or 2.2 percent, to $94.37 a barrel by 0900 GMT and U.S. West Texas Intermediate…

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Global Stock Markets Mixed Head of Latest US Jobs Reading

September 2, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—European stocks opened higher Friday while Asian markets mostly declined ahead of U.S. jobs data that might reinforce U.S. Federal Reserve plans for more interest rate hikes to cool inflation. London, Frankfurt, and Shanghai rose. Tokyo, Hong Kong, and Sydney declined. Wall Street futures were nearly flat. Oil prices surged $2.50 per barrel. Investors awaited…

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