U.S. stock indexes finished modestly higher on Friday with the tech-heavy Nasdaq Composite spearheading gains, as investors digested inflation data and corporates' fourth-quarter earnings reports ahead of next week's Federal Reserve monetary policy meeting. The S&P 500 SPX, +0.25% advanced 10 points, or 0.3%, to end at 4,070, while...
Oil futures ended with a loss on Friday, with U.S. benchmark prices under $80 to settle at their lowest in more than a week. U.S. crude prices had a “little tug-of-war around the $80 a barrel level” until the market knows more about China’s reopening momentum, what the Federal...
The Nasdaq Composite COMP, +0.85% has been a bit late to the broader market’s bullish party, but it finally crossed above its widely followed 200-day moving average (DMA) for the first time in a year. The index was up 0.5% at 11,575 in recent trading, while the 200-DMA extended...
Canadian cannabis company OrganiGram Holdings Inc. OGI, +0.13% OGI, +0.83% said Thursday it received notification from the the Nasdaq that it is not in compliance with the minimum bid price requirement to retain its listing because its stock has traded below $1.00 for 30 consecutive trading days. The company...
Nexstar Media Group Inc. NXST, +2.23% said Friday its board has approved a 50% increase in its quarterly cash dividend to $1.35 a share. The diversified media company said the new dividend will be payable on Friday, Feb. 24 to shareholders of record as of Feb. 10. The stock...
A Food and Drug Administration advisory panel voted unanimously on Thursday for Americans to get a once-a-year booster against COVID with the strain to be decided mid-year for a fall campaign, the Associated Press reported. The panel agreed that people should get the same vaccine formula whether they're receiving...
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 91 billion cubic feet for the week ended Jan. 20. That compared with the average analyst forecast for a decline of 84 billion cubic feet, according to a survey conducted by S&P Global Commodity Insights....
AstraZeneca AZN, -0.96% AZN, -1.54% said Thursday that the Food and Drug Administration is no longer allowing healthcare providers to prescribe Evusheld, a therapy authorized for pre-exposure prophylaxis of COVID-19, citing its lack of effectiveness against the currently circulating variants. The company said Evusheld does not neutralize subvariants like...
Gold futures settled lower on Thursday, putting an end to a streak of gains that ran for five consecutive sessions. Gold dropped partly because the robust U.S. GDP growth reported Thursday will encourage the Federal Reserve “to be more hawkish, but also because the metal has gained over $300...
Oil futures finished higher on Thursday, a day after U.S. prices posted a modest rise. “China’s reopening is bullish for commodities, full stop,” said strategists at RBC Capital Markets. Oil traders are also looking ahead to a committee meeting of major oil producers set to discuss developments in the...