Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month.
U.S. crude oil ended sharply lower on Friday, on demand growth concerns after news of strong supply from the Middle East, with markets discounting reports that Saudi Arabia has cut its crude output.
News that Saudi Arabia shipped lesser crude last month was dismissed by markets, indicating higher...
Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban.
Gold futures snapped a two-day loss to end higher Friday, on lingering concerns over the health of the eurozone economy, notwithstanding an unexpected improvement in German consumer sentiment in November. However, for the week, gold prices dropped about 0.6 percent.
Nevertheless, the uptick today...
Following news that a patient at a New York City hospital has tested positive for Ebola, President Barack Obama called both Mayor Bill de Blasio and Governor Andrew Cuomo on Thursday.
After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Friday. With the gains on the day, the markets are extending the upward trend seen over the past several sessions.
In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
Stocks are showing a lack of direction in early trading on Friday after ending the previous session sharply higher. The major averages have been bouncing back and forth across the unchanged line, unable to sustain any significant moves.
While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August.
Automaker Ford Motor Co. on Friday reported a 34 percent decline in profit for the third quarter from last year, reflecting lower revenue and volume. This includes lower profit in North America due to higher warranty costs and lower volume. However, adjusted earnings per share for the quarter beat analysts' estimates. Ford affirmed its pre-tax profit guidance for fiscal 2014 and 2015.
Consumer goods giant Colgate-Palmolive Co. Friday reported a decline in the third-quarter profit, amid flat sales and lower margins. Organic sales grew 3.5 percent, with growth across all operating divisions. Adjusted earnings matched analysts' estimates.
Package delivery giant United Parcel Service, Inc. reported Friday a profit for the third quarter that grew 11 percent from last year, reflecting revenue growth amid improvements across operational segments. Earnings per share and quarterly revenues topped analysts' expectations. The company also reaffirmed its earnings guidance for the full-year 2014.
Following the rally seen in the previous session, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 38 points.
The terrorist group known as the Islamic State in Iraq and the Levant (ISIL) is earning about $1 million each day by smuggling oil out of the Middle East, according to the US Treasury Department. Speaking at the Carnegie Endowment for International Peace on Thursday, Under Secretary for Terrorism and Financial Intelligence David Cohen said "ISIL has raised a significant amount of its money - many
Consumer goods giant Procter & Gamble Co. reported Friday a profit for the first quarter that declined 34 percent from last year, hurt by goodwill impairment charges and a revenue decline. Core earnings per share matched analysts' expectations, while quarterly sales missed their estimates. The company reaffirmed core earnings and organic sales growth guidance for the full-year 2015.