Tag: market news

Oil rises above $94 for 1st time since May

Posted on by The INO.com Team

Oil rose above $94 per barrel for the first time since May on Tuesday, buoyed by hopes for economic stimulus and worries about supply disruptions

Traders waited to see if a tropical storm could affect some of Mexico's crude production. There were also concerns about supplies from the Middle East after two pipelines carrying Iraqi crude to world markets were shut down, while rebels continued to battle government forces in Syria's largest city. Continue reading "Oil rises above $94 for 1st time since May" →

Stocks May Move Modestly Higher In Early Trading

Posted on by The INO.com Team

(RTTNews) - After ending last Friday's trading sharply higher, stocks could see some further upside in early trading on Monday. The major index futures are currently pointing to a slightly higher open for the markets, with the Dow futures up by 11 points.

The markets may continue to benefit from the positive reaction to last week's monthly jobs report, which showed much stronger than expected job growth in the month of July. Continue reading "Stocks May Move Modestly Higher In Early Trading" →

US futures rise; Knight Capital gets lifeline

Posted on by The INO.com Team

U.S. stock futures are riding the tailwind of the most recent job figures higher and global markets are rising as well.

Dow Jones industrial futures are up 14 points to 13,069 and the broader S&P futures added 2.8 points to hit 1,391.80. Nasdaq futures are up 11.75 points at 2,682.75. Continue reading "US futures rise; Knight Capital gets lifeline" →

Stocks soar on surprisingly strong July job report

Posted on by The INO.com Team

Stocks are surging on Wall Street, breaking a four-day losing streak, after the government reported a sharp pickup in hiring by U.S. employers in July.

The Dow Jones industrial average shot up 244 points to 13,123 shortly before noon. The broader Standard & Poor's 500 index rose 28 points to 1,393, and the Nasdaq composite added 62 points to 2,972. Continue reading "Stocks soar on surprisingly strong July job report" →

With no concrete action in Europe, stocks slump

Posted on by The INO.com Team

European leaders on Thursday gamely promised to keep tackling the continent's debt crisis. But the markets wanted much more.

Stocks sank across the U.S. and Europe, the euro fell against the dollar and investors dumped bonds issued by the governments of Spain and Italy. Investors had been expecting more immediate action from the European Central Bank and were disappointed by the plan's lack of details, especially considering the ECB president's pledge last week to do "whatever it takes" to keep the euro intact. Continue reading "With no concrete action in Europe, stocks slump" →