Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

Asian markets rise, with boost from Wall Street’s latest rally

TOKYO — Asian shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. Trading was closed in China for the Dragon Boat Festival, a national holiday. Benchmarks in the rest of the region edged higher, cheered by an overnight rally on Wall Street. Market players are … Read more

OPEC+ raises output faster as Russia’s war rolls global energy markets

All eyes are on whether Saudi Arabia will raise crude production if Russia’s output significantly falls following European Union oil sanctions. Andrey Rudakov | Bloomberg | Getty Images OPEC and its oil-producing allies agreed on Thursday to hike output in July and August by a larger-than-expected amount as Russia’s invasion of Ukraine wreaks havoc on … Read more

Precious metals climb as platinum leads market higher

Precious metals prices extended their move higher on Thursday, erasing more of their decline from earlier in the week and heading back toward a near-term high reached last month. Here’s what’s moving in metals markets Front-month gold GC00, +0.60% futures were up 0.5% to trade at $1,858 per troy ounce; the yellow metal is now … Read more

Stocks Fall, Oil Prices Gain as EU Commits to Partial Russian Crude Ban

US stocks fell on Tuesday, resuming their downward trajectory after last week’s rally, while a pledge among European Union leaders to curb oil purchases from Russia lifted crude prices. The S&P 500 dropped about 0.6% in morning trading, a day after US markets were closed for Memorial Day. The benchmark index had risen 0.6% for … Read more

Stock Market Today: Dow Drops, Oil Prices Rise, Alibaba Jumps

Text size Wall Street returns from the Memorial Day holiday. Angela Weiss/AFP via Getty Images Stocks were falling on Tuesday, as oil prices gained after Europe placed more restrictions on Russian oil. Dow Jones Industrial Average futures have retreated 218 points, or 0.7%, while S&P500 futures have declined 0.7%. Nasdaq Composite futures were down 0.4%. … Read more

Oil Gains as EU Commits to Partial Russian Crude Ban

A pledge among European Union leaders to curb oil purchases from Russia lifted crude prices, while US stock futures fell, reigniting volatility in the markets during the last trading session of the month. Futures for the S&P 500 fell 0.3% Tuesday, a day after US markets were closed for Memorial Day. The benchmark index had … Read more