Benchmark U.S. crude oil for June delivery fell 31 cents to $71.55 a barrel Friday. Brent crude for July delivery fell 28 cents to $75.58 a barrel. Wholesale gasoline for June delivery rose 1 cent to $2.58 a gallon. June heating oil fell 4 cents to $2.36 a gallon. June natural gas was unchanged at…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 19)
May 19, 2023
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Stock Market Today: Wall Street’s Best Week Since March Stalls Amid Debt Worries
NEW YORK—Wall Street’s best week since March ran out of steam Friday as worries rose about the U.S. government’s efforts to avoid a potentially disastrous default on its debt. The S&P 500 slipped 6.07 points, or 0.1 percent, to 4,191.98. The Dow Jones Industrial Average fell 109.28, or 0.3 percent, to 33,426.63, while the Nasdaq…
What Voters Fear Most if Debt Ceiling Talks Fail and Default Comes Knocking
Even though both President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) have said in recent days they don’t believe the debt ceiling negotiations will end in a fiasco and trigger an economically damaging debt default, markets are jittery and voters nervous as they mull the implications of America failing to meet its debt obligations….
US, Taiwan Reach Deal on 1st Part of ’21st Century’ Trade Pact
WASHINGTON—The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.–Taiwan Initiative on 21st Century Trade is signed, negotiations will commence on other, more complicated…
Wall Street Opens Higher on Hopes of Debt Ceiling Deal
Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The Dow Jones Industrial Average rose 47.04 points, or 0.14 percent, at the open to 33,582.95. The S&P 500 opened higher by 6.10 points, or 0.15 percent, at 4,204.15,…
Dollar Retreats From Highs but Debt Deal Optimism Fires Up Investors
LONDON—The dollar hovered close to its highest since March on Friday, as optimism over a breakthrough in U.S. debt ceiling talks and robust economic data reduced the chances of a series of U.S. rate cuts this year. Negotiators for Joe Biden’s Democrats told the president on Friday that they are making “steady progress” in talks…
Oil Rebounds on Fading Risk of US Debt Default
LONDON—Oil prices rebounded on Friday from losses of more than 1 percent the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 69 cents, or 0.9 percent, to $76.55 a barrel by 0923 GMT, while West Texas Intermediate U.S. crude climbed 56 cents, or 0.8…
Stocks Lifted to Month High by US Debt Ceiling Hopes
May 19, 2023
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LONDON/SINGAPORE—Global shares hit a one-month high on Friday as markets reflected increased hopes of a U.S. debt ceiling deal that could avoid a potentially calamitous default. Europe’s STOXX 600 was up 0.7 percent, while e-mini futures for the S&P 500 rose 0.2 percent, following a 0.9 percent gain for the benchmark Wall Street index overnight….
Stock Market Today: Wall Street Rises, Adding to a Winning Week
NEW YORK—Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest-rate hikes may not arrive as soon as Wall Street hoped. The S&P 500 gained 0.9 percent, adding to its rally from the day before as hopes rise further…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 18)
May 18, 2023
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Benchmark U.S. crude oil for June delivery fell 97 cents to $71.86 a barrel Thursday. Brent crude for July delivery fell $1.10 to $75.86 a barrel. Wholesale gasoline for June delivery was unchanged at $2.57 a gallon. June heating oil fell 2 cents to $2.40 a gallon. June natural gas rose 22 cents to $2.59…
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