After ending the previous session nearly flat, stocks moved mostly lower over the course of the trading day on Friday. Uncertainty about the outlook for monetary policy weighed on the markets ahead of next week's Federal Reserve meeting.
U.S. crude oil shed early gains to end lower Friday, on renewed concerns of a global supply glut even as the U.S. imposed new sanctions on Russia for its involvement in stoking the conflict in eastern Ukraine, which follows the European Union sanctions earlier this week.
Oil futures shed about 1.1...
Hillary Clinton has still not officially announced whether she intends to run for president in 2016, but the results of a new CNN/ORC poll show the former Secretary of State with a huge lead in the potentially pivotal state of Iowa.
Gold futures ended lower for a fifth straight session Friday, on continued speculation the Federal Reserve may hike interest rates earlier than expected following some positive economic data out of the U.S.
Investors digested some economic data out of the U.S., including a Commerce Department report...
Despite the ceasefire in eastern Ukraine, the U.S. Treasury Department on Friday announced a new round of sanctions against Russia for its role in the conflict. Treasury Secretary Jacob Lew determined that persons operating within Russia's defense and related materiel sector may now be subject to targeted sanctions.
After coming under pressure early in the session, stocks remain mostly negative in mid-day trading on Friday. The losses on the day come after the major averages ended the previous session near the unchanged line.
Business inventories in the U.S increased in line with economist estimates in the month of July, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.4 percent in July, matching the increase reported for June as well as the consensus estimate.
While selling pressure has waned since then open, stocks are seeing modest weakness in early trading on Friday. The major averages have all moved to the downside after ending the previous session on opposite sides of the unchanged line.
Consumer sentiment in the U.S. has improved by more than expected in the month of September, according to a report released by Thomson Reuters and the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for September came in at 84.6 compared to the final August reading of 82.5.
Reflecting a steep drop in prices for imported fuel, the Labor Department released a report on Friday showing a notable decrease in U.S. import prices in the month of August. The report said import prices fell by 0.9 percent in August following a revised 0.3 percent drop in July.
With auto sales showing a significant increase, the Commerce Department released a report on Friday showing that U.S. retail sales increased in line with economist estimates in the month of August. The Commerce Department said retail sales climbed by 0.6 percent in August.
Darden Restaurants, Inc. (DRI) Friday reported a loss from continuing operations for the first quarter, amid fractional rise in sales. The company said it would carefully review a transformation plan put forward by its key shareholder Starboard Value LP. The stock climbed more than 4 percent in pre-market activity.
After ending the previous session nearly flat, stocks may move to the downside in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 18 points.
German chemical giant BASF SE Friday said its subsidiary Wintershall has agreed to buy oil and gas assets from Norwegian energy firm Statoil ASA for $ 1.25 billion. The transaction would be financially effective retroactively to January 1, 2014.
The mood on Wall Street reflects caution, with the major U.S. index futures pointing to an almost flat start. Earlier in the global trading day, Asian stocks went about in a lackluster manner, while the European markets are also mostly lower, as the EU sanctions on Russia over the Ukrainian crisis takes effect. The domestic markets may also turn their attention to two consumer readings.