Commodities have performed well so far this year, buoyed by strength in oil on the back of tight supplies, but worries that the economy is headed for a recession has fed losses among the industrial metals. In Thursday dealings, the S&P Goldman Sachs Commodity index XX: SPGSCI trades more than 30% higher so far this…
Read More “Energy leads commodities surge with oil up roughly 50% in first half of 2022” »
A previous version of the story included an incorrect time reference regarding crude stocks in the US SPR. Stocks in the reserve are below 500 million barrels for the first time since 1986. Oil futures settled lower on Wednesday, easing back after three consecutive session gains, even as a more than three million-barrel drop in…
Energy stocks have been the star investment this year. Now it’s time to sell them and electrify your portfolio before investors once again focus on the industry’s long-term headwinds. There are a host of headwinds that could threaten the surge: rising recession risk, consumer backlash from the high price of gasoline, and the push to…
Experienced investors have lived through bear markets and learned they present opportunities to buy stocks at low prices. But waiting through the cycle of decline is no fun, and there can be several rallies before the bear market finally ends. Mark Hulbert explains how you can tell when the bear market is near its end….
Read More “Weekend reads: How to tell when the bear market is almost over” »
US stocks surged to their highest levels of the day on Friday with the Dow up more than 600 points as investors reassessed the expected path of Federal Reserve rate hikes. How are stocks trading? S&P 500 SPX gained 85 points, or 2.3%, to 3882. Dow Jones Industrial Average DJIA gained more than 600 points,…
Read More “Dow climbs 600 points as US stocks on track to snap three weeks of losses” »
US stocks closed higher Thursday after Federal Reserve Chairman Jerome Powell concluded a second day of congressional testimony with a vow to battle inflation, even if it risks a recession. What happened with stocks? The Dow Jones Industrial Average DJIA rose 194.23 points, or 0.6%, to end near session highs at 30,677.36, after flipping between…
US stock indexes were higher in choppy trade Wednesday after Federal Reserve Chairman Jerome Powell reiterated his commitment to combat inflation, while also suggesting the economy was strong enough to withstand higher interest rates. How are stock indexes trading? The Dow Jones Industrial Average DJIA gained 125 points, or 0.4% to trade around 30,643, after…
President Biden’s recent letter to refiners to complain of high gasoline prices is the only positive action he can take on behalf of consumers. But it won’t keep the average price at the pump in the US from climbing another dollar by September and topping 6. Here’s why: shrinking US refining capacity even as oil…
Read More “Opinion: Gas prices are headed to 6 by Labor Day – here are the main reasons why” »
Oil futures surrendered early gains on Tuesday, brought on by supply disruptions in Libya, to finish with a loss. Traders weighed news developments linked to the Iran nuclear deal, a waiver extension allowing US banks to process Russian energy transactions, and a report that a US senator intends to propose a federal surtax on certain…
US stocks tumbled late Thursday to close sharply lower, with the Nasdaq skidding 2.8%, as jittery investors looked ahead to a reading on May inflation due Friday morning. What happened The Dow Jones Industrial Average DJIA, -1.94% tumbled 638.11 points or 1.9%, to close at 32,272.79 The S&P 500 SPX, -2.38% skidded 97.95 points, or…
