Saudi Arabia and Iran Agree to Re-establish Ties in Major Regional Shift
Saudi Arabia and Iran reached an agreement that paves the way for the re-establishment of diplomatic...
Saudi Arabia and Iran reached an agreement that paves the way for the re-establishment of diplomatic ties after a seven-year split, a major realignment between regional rivals, the countries said Friday in a joint statement.
Saudi and Iranian officials announced the agreement after talks hosted this week in China, which maintains close ties with both countries, according to the statement, which was published by the official Saudi Press Agency. Iran’s state media also announced an agreement.
U.S. employers added 311,000 jobs in February, another stronger-than-expected showing for the labor market.
The unemployment rate ticked up to 3.6 percent, yet still, an exceptionally low level brought about by...
The unemployment rate ticked up to 3.6 percent, yet still, an exceptionally low level brought about by robust job creation and workers’ slow return to the labor force after the pandemic.
Stock-market futures on rise despite stronger-than-forecast boost to U.S. jobs
Stock-index futures ticked up, while Treasury yields tumbled after the stronger-than-expected jump in...
Stock-index futures ticked up, while Treasury yields tumbled after the stronger-than-expected jump in February payrolls that was tempered by a slowdown in hourly wage growth and a rise in the unemployment rate to 3.6% from a more-than-50-year low of 3.4% in January.
Dow futures rose 17 points, or less than 0.1%, while S&P 500 futures gained 0.3% and Nasdaq-100 futures were up 0.5%. The yield on the 10-year Treasury dropped 10 basis points to 3.81%, while the 2-year yield declined nearly 14 basis points to 4.738%.
Dow ends down over 500 points as financials weigh on stocks
U.S. stocks closed sharply lower Thursday, with the selloff deepening...
U.S. stocks closed sharply lower Thursday, with the selloff deepening in afternoon trade as investors monitored tumbling bank stocks and waited on a highly anticipated monthly jobs report to help gauge how high-interest rates may be headed. The Dow Jones Industrial Average DJIA fell about 543 points, or 1.7%, ending near 32,254, while the S&P 500 index SPX shed 1.9% and the Nasdaq Composite Index COMP closed down 2.1%, according to preliminary FactSet data. The S&P 500’s financial sector shed 4.1%, in most of its subsectors after SVB Financial Group SIVB sold securities at a $1.8 billion loss. Investors also were waiting on an update on the labor market on Friday. “There is a lot riding on the monthly jobs report,” said Brad McMillan, chief investment officer at Commonwealth Financial Network, in a written commentary ahead of the Friday data release.
EIA reports a weekly U.S. natural-gas supply decline that matches market expectations
The U.S. ...
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 84 billion cubic feetfor the week ended March 3. That matched the average analyst forecast in a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage for the latest week were at 2.030 trillion cubic feet, up 493 billion cubic feet from a year ago and 359 billion cubic feet above the five-year average, the government said. Following the data, April natural gas NGJ23, +0.12% was up 3.8 cents, or 1.4%, at $2.589 per million British thermal units on the New York Mercantile Exchange. Prices traded at $2.633 before the supply data.
