The energy sector is off to a mixed to higher start, supported by mild...
The energy sector is off to a mixed to higher start, supported by mild strength in the crude complex while the major equity futures trade near the flatline. Futures tracking the benchmark S&P 500 index extended declines as stronger-than-expected weekly jobless claims data deepened fears of a recession due to a rapid rise in interest rates.
WTI and Brent crude oil futures edged higher and remain on track for a weekly gain as further production cuts targeted by OPEC+ and a drop in U.S. oil inventories overshadowed fears over global economic growth. The U.S. services sector slowed more than expected in March while U.S. job openings in February dropped to their lowest in nearly two years, putting a cap on gains.
Natural gas futures are down in early trading, pressured by forecasts for milder weather and lower heating demand over the next two weeks than previously expected.
The 2023 Masters—one of four major championships in men's golf—begins today (3 pm ET, ESPN) from Augusta, Georgia; 2022 winner Scottie Scheffler enters as the favorite to win (More)
Russia notched record-high oil sales last week despite sanctions and production cuts. The...
Russia notched record-high oil sales last week despite sanctions and production cuts. The warring nation has followed through with its vow to ship more energy supplies to allies, pushing crude sales higher. Here's what to know.
Mortgage rates tumbled again but applications for home loans are down because listings are drying...
Mortgage rates tumbled again but applications for home loans are down because listings are drying up. The Mortgage Bankers Association said Wednesday that the 30-year fixed mortgage rate dropped from 6.45% to 6.40% last week. Yet, compared to a year ago, home listings are down 20%.
US stock futures traded mixed early Thursday, after...
US stock futures traded mixed early Thursday, after Wednesday's ADP private payrolls report showed job growth slowed in March, reigniting fears of a US recession. Here are the latest market moves.
On the docket: Rio Tinto, Levi's, and more, all reporting.
