About nine months ago, oil futures did a crazy thing and briefly crashed into negative territory, marking a low point of a historic bear market for the commodity. But this week, oil reclaimed its 12-month highs, with U.S. benchmark futures CL.1, +0.53% settling at $ 56 a barrel Thursday and …
Read More »Market Snapshot: Stock-market pros are having a tough time imagining an S&P 500 slump in 2021
Farewell, 2020. Hello, 2021. It is onward and potentially upward, Superman style, for the U.S. stock market next year, based on analysts’ ambitious year-end targets for the S&P 500 index. No equity market analysts that MarketWatch surveyed for this report foresee a pullback from current levels, already observed as lofty …
Read More »NewsWatch: Stock-market pros are having a tough time imagining an S&P 500 slump in 2021
MARKETWATCH FRONT PAGE Strategists aren’t eager to balk at the notion that the bull market in stocks is getting exhausted and are offering expectations for solid year-end gains and in some cases, projecting eye-popping rallies for the market in the coming 12 months. See full story. Videogames are a bigger …
Read More »NewsWatch: Stock-market pros are having a tough time imagining an S&P 500 slump in 2021
MARKETWATCH FRONT PAGE Strategists aren’t eager to balk at the notion that the bull market in stocks is getting exhausted and are offering expectations for solid year-end gains and in some cases, projecting eye-popping rallies for the market in the coming 12 months. See full story. ‘Real Housewives of New …
Read More »Metals Stocks: Gold declines, on track for worst weekly slump since March
Gold futures were headed lower on Friday, with bullion on track to book its fourth decline in five sessions, potentially cementing the asset’s worst weekly slide in about six months. “Most of the sell-off in the gold price is primarily down to the strength in the dollar index that we …
Read More »Europe Markets: Gold rallies to record and euro tops $1.17 while European travel stocks slump on Spain quarantine
Passengers wearing a face mask or covering due to the COVID-19 pandemic, arrive at Heathrow airport, west London, on July 10, 2020. daniel leal-olivas/Agence France-Presse/Getty Images Gold surged to a record and the dollar weakened Monday while European travel stocks slumped. As U.S. lawmakers debate another round of stimulus and …
Read More »Bernanke rejects Great Depression comparisons as he says GDP could slump by 30%
Ben Bernanke, the former chairman of the Federal Reserve, is a scholar of the Great Depression, a background he put to use during the global financial crisis when he invented many of the emergency lending programs the central bank is now re-using. But he thinks the Great Depression is a …
Read More »Market Snapshot: U.S. stock-index futures slump as investors keep focus on coronavirus numbers
Stock-index futures fell Sunday, pointing to a lower start for Wall Street on Monday, as the number of coronavirus cases and deaths continues to rise and investors brace for data in the week ahead expected to underline the sharp economic toll of the pandemic. Futures on the Dow jones Industrial …
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