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7:57 a.m. Nov. 19, 2020 - By Michael Ashbaugh
Charting a bull-trend pullback, S&P 500 ventures under first support Focus: Airlines sustain vaccine-fueled technical breakout, Target tags record highs, JETS, TGT, HLT, JCI, METU.S. stocks are mixed early Thursday, vacillating after a lackluster batch of economic data and amid renewed concerns over pending economic lockdowns. Against this backdrop, the S&P 500 and Dow industrials have extended a thus far relatively orderly pullback from Monday’s record closes.
10:34 a.m. Oct. 9, 2020 - By Ciara Linnane
Coronavirus update: WHO warns of record single-day rise in global COVID-19 cases, while northeastern U.S. states heat up again Clusters emerge in Connecticut, Maryland, Pennsylvania and Rhode Island and New York City is seeing more than 500 cases a dayThe World Health Organization on Friday reported a record rise in global cases of the coronavirus that causes COVID-19 in the last 24 hours, in the latest sign that the illness is far from contained.
11:17 a.m. Sept. 8, 2020 - By Myra P. Saefong
Oil prices settle at lowest since June, with Brent prices below $40 End of U.S. driving season also puts pressure on crude pricesOil prices fall Tuesday to their lowest settlement since June, unable to shake off worries about crude demand due to a continued rise in coronavirus cases, the end of the U.S. summer holiday driving season and a report that Saudi Arabia plans to cut its oil prices in October.
11:43 a.m. Aug. 31, 2020 - By Myra P. Saefong
Oil futures end lower for the session; U.S. prices up a fourth month Natural-gas futures post 46% monthly gainOil futures finish with a loss on Monday, though with signs of a recovery in energy demand contributing to a fourth straight monthly gain for U.S. prices.
8:01 a.m. Aug. 21, 2020 - By Michael Ashbaugh
Nasdaq extends break to uncharted territory, S&P 500 maintains first support Focus: Industrials sustain August breakout, Apple eclipses $2 trillion market cap, XLI, AAPL, V, JCI, DDU.S. stocks are mixed early Friday, vacillating after a better-than-expected batch of economic data. Against this backdrop, the Nasdaq Composite has tagged its latest record high — extending an early-week breakout — while the S&P 500’s slow-motion breakout attempt remains underway.
11:10 a.m. July 27, 2020 - By Myra P. Saefong
Oil gets a boost from a weaker dollar, but coronavirus worries limit the price rise Traders continue to watch U.S.-China developmentsOil futures give up early losses Monday, buoyed by a drop in the U.S. dollar index to its lowest in two years, but the continued spread of COVID-19 and its impact on the economy limit the rise in prices.
11:18 a.m. July 24, 2020 - By Myra P. Saefong
Oil ends modestly higher, supported by signs of economic recovery, even as China-U.S. tensions flare up Strong manufacturing and services data out of Europe and Tropical Storm Hanna provide support for oil Oil futures end with a modest gain Friday, with U.S. prices up more than 1% for the week, as investors weigh some signs of economic improvement against tensions between the world’s biggest economic superpowers, both of which may influence global energy demand.
2:05 a.m. July 24, 2020 - By Ciara Linnane
Coronavirus update: Global COVID-19 cases top 15 million, U.S. cases pass 4 million, and California has more cases than New York Tesla surprises investors with an adjusted profit even after it was beset by pandemic-related stoppages at California plantThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 15 million on Thursday and the U.S. case tally passed 4 million, as California’s case tally rose above early U.S. hot spot New York following a surge in new infections in recent weeks.
11:02 a.m. July 22, 2020 - By Myra P. Saefong
Oil prices end with a slight loss after unexpected build in U.S. supplies Weakness in the U.S. dollar limits losses for oilOil futures finish with a modest loss Wednesday, pulling back a day after settling at their highest since March, pressured by an unexpected weekly climb in U.S. crude stockpiles, as rising tensions between the U.S. and China raise the potential for a decline in energy demand. Weakness in the dollar, however, cap losses for oil.
10:55 a.m. July 16, 2020 - By Myra P. Saefong
Oil ends lower as global equities decline, demand uncertainty persistsOil futures end lower Thursday, taking a cue from a decline in global equities after holding their own a day earlier following a decision by the Organization of the Petroleum Exporting Countries and its allies to begin trimming production cuts next month.
11:11 a.m. July 14, 2020 - By Myra P. Saefong
Oil end higher as traders weigh uncertainty over next move for OPEC+ EIA supply data, U.S.-China tensions, rising coronavirus cases also in focusOil futures gave up earlier losses to end higher on Tuesday, as traders weigh uncertainty over the next move for OPEC+ on production levels and a forecast for weekly decline in U.S. supplies. Mounting tensions between the U.S. and China, as well as a continued rise in COVID-19 infections in the U.S. and elsewhere are also in focus.
7:42 a.m. July 11, 2020 - By Ciara Linnane
Coronavirus update: Global case tally hits 12.5 million with U.S. accounting for a quarter as death toll starts to rise again 1,000 U.S. health-care workers have now died from COVID-19 and most contracted it at workThe number of confirmed cases of the coronavirus illness COVID-19 worldwide rose to 12.5 million on Saturday, with the U.S. accounting for about a quarter of that tally and the U.S. death toll rising again after a surge in infections in states in the South and West.
10:19 a.m. July 10, 2020 - By Ciara Linnane
Coronavirus update: Health officials clamor for U.S. states to pause reopenings amid spikes in COVID-19 infections A growing chorus of voices urges states to reconsider moves toward reopening businesses and institutions as U.S. counts another 60,000 cases in a single day, while Trump administration ramps up call for schools to return to full in-person operation U.S. states that are experiencing major problems with new infections of the coronavirus illness COVID-19 should pause their reopening efforts to get the outbreak under control and encourage residents to wear face masks, wash their hands regularly and socially distance.
11:23 a.m. July 6, 2020 - By Myra P. Saefong
Brent oil scores a lift from Saudi price rise, China optimism, while rising coronavirus cases pressure U.S. crude Natural-gas futures rally after Berkshire/Dominion dealCrude-oil futures on Monday settle on a mixed note, with the U.S. oil moves pressured by the growth in coronavirus cases, while the international benchmark Brent climbs amid hope for China’s perceived recovery from the pandemic.
11:44 a.m. June 30, 2020 - By Myra P. Saefong
Oil posts hefty quarterly climb, but coronavirus cases, oversupply worries feed year-to-date loss WTI oil ends more than 90% higher for the quarter, but still down nearly 36% year to dateOil futures end lower on Tuesday as persistent concerns about the rising number of cases of COVID-19 and the threat of more oil flowing out of the Middle East more than offset upbeat data suggesting both China’s manufacturing and service sectors are recovering.
11:13 a.m. June 26, 2020 - By Myra P. Saefong
Oil prices decline, with U.S. prices down over 3% for the week as spread of coronavirus looks to hurt demand recovery WTI, Brent crude both fall for the session and weekOil futures decline on Friday, as a record rise in coronavirus cases in the U.S. and growing infections in parts of the world point to long-term challenges for a recovery in crude-oil demand, pulling U.S. prices down by more than 3% for the week.
11:11 a.m. June 23, 2020 - By Myra P. Saefong
Oil futures end lower as U.S.-China trade tensions, rise in COVID-19 cases feed demand uncertainty EIA expected to report a weekly decline of 100,000 barrels in U.S. crude supplies: S&P Global Platts surveyOil prices give up earlier gains to finish lower Tuesday, with conflicting U.S. government statements on the status of U.S.-China trade deal and a rise in COVID-19 cases feeding uncertainty over the outlook for energy demand.
11:13 a.m. June 19, 2020 - By Myra P. Saefong
Oil tallies a nearly 10% weekly gain as OPEC+ tightens reins on output cuts, global demand outlook improves WTI oil logs highest finish since early MarchOil futures settled higher Friday for the day, with U.S. prices up nearly 10% for the week as OPEC members and allies tightened the reins on output cuts and some signs of improvement in the outlook for the global economy brighten the outlook for energy demand.
11:20 a.m. June 16, 2020 - By Myra P. Saefong
Oil prices gain more than 3% as IEA report points to record rise in crude appetite next year EIA expected to report a fall of 3.5 million barrels in weekly U.S. crude supplies: S&P Global Platts surveyOil futures finish more than 3% higher on Tuesday as a monthly report from the International Energy Agency forecast a record rise in demand for crude and its byproducts next year, but only after first dropping significantly in the current year.
11:29 a.m. June 2, 2020 - By Myra P. Saefong
Oil futures log 3-month high on bets for an extension of global production cuts EIA report Wednesday expected to show a climb in U.S. crude supplies: S&P Global Platts surveyOil futures climb on Tuesday to log their highest settlement in about three months, supported by reports that major crude producers may agree to extend output cuts that terminate at the end of June to further steady oil prices.
11:12 a.m. June 1, 2020 - By Myra P. Saefong
U.S. oil prices end lower on U.S.-China tensions, but global prices gain on talk of extension to OPEC+ output cuts Global benchmark Brent ends higher amid report that OPEC+ may move meeting to June 4 and discuss extending output cuts U.S. benchmark oil futures settle lower on Monday, as U.S. tensions with China following Beijing’s new national security law on Hong Kong raised concerns over the prospects for crude demand. Global benchmark oil prices, however, finish higher on the heels of a report that major oil producers may meet earlier than previously planned, and discuss an extension to current crude output cuts.
11:40 a.m. May 29, 2020 - By Myra P. Saefong
U.S. oil futures up 88% in May, biggest monthly rise on record Baker Hughes reports a weekly decline of 15 U.S. oil rigsU.S. oil futures reverse course to finish higher, getting a boost as traders eye developments tied to tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production declines.
11:36 a.m. May 27, 2020 - By Myra P. Saefong
U.S. oil prices drop over 4% as Russia weighs easing supply cuts in July and U.S.-China tensions simmer EIA weekly petroleum supply data due out ThursdayOil futures retreated on Wednesday, with benchmark U.S. prices ending down by more than 4%, pressured by news reports that said Russia was in favor of easing up on supply cuts as planned in July, while simmering tensions between the U.S. and China also weighed on commodities prices.
11:12 a.m. May 22, 2020 - By Myra P. Saefong
Oil prices settle lower on fears about China turbulence, but score a weekly gain WTI oil futures gain nearly 13% for the weekOil futures settle lower Friday, with U.S prices breaking the longest winning streak since February 2019 on worries over fresh tensions between the U.S. and China.
11:04 a.m. May 20, 2020 - By Myra P. Saefong
Oil prices finish at 10-week high as domestic crude supplies, Cushing stocks drop EIA reports a 5 million-barrel weekly fall in U.S. crude suppliesOil futures climb on Wednesday to finish at their highest in about 10 weeks on the back of weekly declines in domestic crude supplies and stocks at the Cushing, Okla. storage hub.
11:27 a.m. May 14, 2020 - By Myra P. Saefong
Oil futures up sharply, with U.S. prices near a 6-week high Big production cuts, bets for higher demand lift hopes for market balanceOil futures rise sharply on Thursday, finding support as the International Energy Agency points to a tightening of the supply picture later in the year.
11:22 a.m. May 7, 2020 - By Myra P. Saefong
Oil prices finish lower as worries about demand resurface Prices saw earlier gains as Saudi Arabia lifted prices and China oil imports climbed Crude-oil futures give up earlier gains on Thursday, with downbeat comments from Federal Reserve officials on economic activity and some doubts over producer compliance with OPEC+ output-cut agreement prompting prices to settle lower.
11:42 a.m. May 4, 2020 - By Myra P. Saefong
Oil prices finish higher, buoyed by output cuts as traders weigh U.S.-China tensions Gasoline futures climb by more than 7%Oil futures finish higher on Monday, with U.S. prices back above $20 a barrel, supported by recent announcements of voluntary production cuts by U.S. oil firms struggling against a backdrop of weak demand for crude.
10:56 a.m. April 20, 2020 - By Ciara Linnane
Coronavirus update: 2.44 million cases worldwide, 167,369 deaths; and U.S. restaurants seek billions in federal aid Shake Shack returns loan to ‘confusing’ small-business relief program, and United Airlines warns of $2.1 billion loss The number of U.S. cases of the coronavirus that causes COVID-19 moved closer to 800,000 on Monday, as President Donald Trump offered support for protesters flouting state and local government rules on staying-at-home in an effort to contain the spread.
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