Following the strength seen in the previous session, stocks pulled back sharply over the course of the trading day on Friday. The major averages all showed significant moves to the downside on the day. The major averages finished the day off their lows of the session but still firmly negative.
Extending gains from yesterday's session, crude oil prices have catapulted on Friday after the U.S.-China summit ended with no announcement on the likelihood of China liaising with Iran to end the gulf war, leaving the Strait of Hormuz blockade to continue.
Extending the losses from yesterday's session, gold prices have plunged on Friday as the Strait of Hormuz blockade is more likely to continue since the U.S.-China summit ended with no announcement on a possible Chinese intervention to end the gulf war.
Stocks have moved sharply lower during trading on Friday, giving back ground following the strength seen in the previous session. The major averages have all shown notable moves to the downside on the day. The sell-off on Wall Street may partly reflect profit taking following recent strength in the markets, which lifted the Nasdaq and S&P 500 to record highs.
Stocks are likely to come under pressure in early trading on Friday, giving back ground after ending the previous session mostly higher. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.2 percent. Profit taking may contribute...
President Donald Trump departed Beijing Friday afternoon local time without any immediate sign that the US and China have resolved thorny challenges dogging their fractious relationship, but with a freshly stabilized relationship with Chinese leader Xi Jinping - for now. Investors are worried about...
Gold prices fell more than 2 percent on Friday, reaching a more than one-week low and on track for a weekly decline. Spot gold slumped 2.1 percent to $4,554.99 an ounce, extending losses for a fourth consecutive session, pressured by a stronger dollar and rising Treasury yields. U.S. gold futures...
Oil prices rallied on Friday as Hormuz concerns persisted and U.S. President Donald Trump claimed the United States will prevail in its war with Iran, "peacefully or otherwise". Brent crude prices for July delivery jumped more than 3 percent to $109.19 a barrel as attacks on one ship and the seizure...
After ending the previous session modestly lower, the Dow showed a strong move back to the upside during trading on Thursday, closing above 50,000 for the first time in three months. The Nasdaq and the S&P 500 also moved higher, adding to Wednesday's gains and once again reaching new record closing highs.
Partially offsetting the losses from yesterday's session, crude oil prices have inched higher on Thursday as the Strait of Hormuz remains effectively shut, U.S.-Iran deal eluding, with increasing expectations of Chinese intervention to end the hostilities.
Offsetting the gains from yesterday, gold prices have edged lower on Thursday as the U.S. and Iran fail to reach a peace deal to end their war while the presidents of U.S. and China meet to enhance trade and tech ties.
Stocks have moved mostly higher over the course of the trading day on Thursday, with the Nasdaq and S&P 500 reaching new record intraday highs. The Dow has also moved to the upside after yesterday's dip, climbing back above 50,000. Currently, the major averages are just off their highs of the session.
Stocks may move to the upside in early trading on Thursday, with the tech-heavy Nasdaq poised to add to the strong gain posted in the previous session. The major index futures are currently pointing to a higher open for the markets, as the S&P 500 futures are up by 0.3 percent. Tech stocks may extend...
Economic announcements and Fed Speeches might be on focus on Thursday. Investors are analyzing the US-China summit in Beijing and the reflections on the Middle East conflict. Oil prices traded higher on Thursday, while the International Energy Agency warned that global oil inventories are falling...
Gold prices were a tad higher on Thursday as investors awaited cues from a high-stakes summit between U.S. President Donld Trump and Chinese President Xi Jinping in Beijing. Spot gold edged up by 0.2 percent to $4,698.72 an ounce while U.S. gold futures were little changed at $4,705.05. Trump's...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.