After coming under pressure in early trading, stocks remained in the red throughout the trading session on Friday. The drop on the day came on the heels of the volatility seen in the two previous sessions.
U.S. crude oil surged to end higher for second straight session on Friday, after U.S. stockpiles declined more than expected last week and on reports of continued decline in active drilling rig count in the U.S.
Crude oil futures gained about 1.1 percent for the month.
Crude oil prices snapped...
Anheuser-Busch InBev SA/NV (BUD) has stopped producing beer at its Cartersville, Georgia brewery and is instead canning water for those affected by the recent flooding and storms in Texas and Oklahoma.
The company stopped beer production at its Cartersville brewery late Wednesday night to produce...
Swatch Group AG will launch its own smartwatch in two countries this summer, the Wall Street Journal has reported, citing the Swiss watch and jewelry maker's Chief Executive Nick Hayek. According to the WSJ report, Hayek told shareholders at the company's annual general meeting that the Internet-enabled smartwatch will be launched in Switzerland and "one big country."
Stocks have moved mostly lower in early trading on Friday, adding to the losses posted in the previous session. The major averages have moved to the downside for the second straight session after seeing considerable volatility over the past few days.
Consumer sentiment in the U.S. deteriorated less than previously estimated in the month of May, according to a report released by the University of Michigan on Friday.
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device.
Business activity in the Chicago area unexpectedly contracted in the month of May, according to a report released by MNI Indicators on Friday. MNI Indicators said the Chicago business barometer tumbled to 46.2 in May from 52.3 in April, with a reading below 50 indicating a contraction in regional business activity.
In order to lure back customers, McDonald's Corp. plans to change the way it makes its iconic burgers. The fast food chain said it will toast its hamburger buns five seconds longer and also change the way it sears and grills its beef patties to make them juicier.
Economic activity in the U.S. contracted for the first time in a year in the first quarter of 2015, according to revised data released by the Commerce Department on Friday.
Canadian financial services provider Bank of Nova Scotia or Scotiabank, on Friday reported an increase in profit for the second quarter from last year. The results reflect higher net interest income, increase in banking and wealth management revenues, and the positive impact of foreign currency translation. Both revenue and adjusted earnings per share for the quarter beat analysts' estimates.
After see-sawing over the past few sessions, stocks are poised to move lower for the second straight session on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 46 points.
Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year.
The European markets are retreating on Friday, remaining on course for a weekly loss, as mixed messages about Greece's debt talks added fuel to investor anxiety.
Greece's creditors have reportedly demanded the debt-laden country to make hard commitments and overhaul its finances in order to seal...
Stock index futures indicate a lower open for Wall Street shares on Friday, as investors look ahead to the release of some key data for further clues on the economy and the rate trajectory. Global cues remain lackluster, with Asian stocks turning in a mixed performance, while the European markets edged...