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AP News | Equities.com |

Stock markets and the price of oil pushed higher on Thursday ahead of the latest weekly jobless claims figures in the U.S. and after China reported a rise in exports as its pandemic lockdown eased.As more countries start to remove the draconian limits on business and public life, investors are trying to gauge how quickly the global economy might bounce back.The labor market in the United States has been a focal point. On Thursday, government data will likely sho...


Reuters | Equities.com |

HOUSTON (Reuters) - Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash. The company has been struggling with debt taken on in last year’s $38 billion acquisition of Anadarko Petroleum, an ill-timed bet on rising shale oil prices ahead of a market dive. Global energy demand has tumbled amid coronavirus-related travel and business...


AP News | Equities.com |

Stocks closed broadly higher on Wall Street Tuesday as more countries relaxed restrictions on businesses, raising hopes for a recovery from the historic plunge that is sweeping the global economy.The S&P 500 rose 0.9% after losing about half of its early gains in a late-afternoon burst of selling. Technology and health care stocks accounted for much of the gains, which followed a s...


Ivan Martchev | Equities.com |

If it weren’t for the elimination of the uptick rule in 2007 and the subsequent infiltration of high-speed computerized trading, the volatility in the stock market would not be so high. The same is true for the commodity markets, even though the rules of trading there have always been different. The most extreme case of “computers gone wild” is the recent trading in May 2020 WTI crude oil futures (CLK20), where the last trade in the contract was a positive $9.06 one day after the contract ...


AP News | Equities.com |

World stock markets and the price of oil rose on Tuesday as more countries eased restrictions on business and public life, raising hopes for a recovery from a historic economic plunge. Shares advanced in Paris, London and Hong Kong and Wall Street futures suggested a rise on the open. Markets in Tokyo, Shanghai and Seoul were closed for holidays.Many European countries that have seen new infections tapering off amid strict social distancing measures and nat...


AP News | Equities.com |

Stocks shook off an early stumble and scratched out small gains on Wall Street Monday, as the market’s momentum slows following its best month in decades.The S&P 500 added 0.4% and narrowly avoided what would have been its first three-day losing streak in nearly two months. The Dow eked out a 0.1% gain, while the Nasdaq rose 1.2%.When U.S. trading opened, the market appeared set...


AP News | Equities.com |

Image: Five-day chart, S&P 500 Index. Source: Yahoo Finance By Stan Choe, Alex Veiga and Damian J. Troise Stocks closed broadly lower on Wall Street Friday after Amazon and other big companies reported disappointing results, the latest evidence of how the coronavirus pandemic is hobbling the economy and hurting corporate earnings. A day after closing out its best month since 1987, the S&P 500 fell 2.8%. The slide gave the benchmark index its second-straight weekly loss. The sellin...


AP News | Equities.com |

Shares dropped in Europe and Asia on Friday after the latest data drove home the extent of economic carnage from the coronavirus pandemic.Many world markets were closed for May Day holidays. Britain’s FTSE 100 sagged 1.9% to 5,788 while U.S. futures fell sharply, with the contract for the S&P 500 down 2.1% and that for the Dow industrials sank 2%.Australia’s S&P/ASX 200 plunged 5% to 5,245.90 with heavy losses in miners and banks. A measure of Australian manufa...


AP News | Equities.com |

BEIJING (AP) — Global stocks mostly edged up on Wednesday ahead of U.S. economic growth figures and a Federal Reserve rate decision. Investors seemed buoyed as more governments plan to ease anti-virus controls and allow businesses to reopen.Markets in Europe were up slightly, while Shanghai and Hong Kong advanced. Japanese markets were closed for a holiday. Wall Street appeared set for small gains on the open.The French and Spanish governments announced plans Tuesday to allow...


AP News | Equities.com |

Wall Street jostled to a mixed finish Tuesday, as former stalwarts ran out of momentum and some of the market’s most beaten-down stocks turned into winners.The S&P 500 slipped 0.5% after stocks that have held up the best through this year’s sell-off fell to some of the market’s sharpest drops. They included health care companies, big tech titans and winners of the stay-at-ho...