Finance

Stock futures climbed slightly in overnight trading on Monday as investors brace for what could be an ugly earnings season with the coronavirus wrecking havoc on global corporate profits.  Futures on the Dow Jones Industrial Average rose about 90 points. The S&P 500 and Nasdaq futures were also up slightly. Earnings season is set to

Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images This is a live blog. Check back for updates. 7:39 am: Stocks set to open lower U.S. stock index futures pointed to losses at the open as markets struggled to hold onto last week’s gains.

Silhouette of Permian Basin pumpjacks taken at dusk, north of Midland, Texas, U.S. in late 2019. Richard Eden | via Getty Images Oil prices moved lower in overnight trading after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions that

A man wearing a face mask takes a selfie at the Charging Bull statue on March 23, 2020 near the New Stock Exchange in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were lower on Sunday night after OPEC and other oil-producing countries reached a deal on a massive production

The Wall Street Bull, located in the financial district of New York City. Mike Roy | MCT | Tribune News Service | Getty Images The stock market’s rapid plunge into a bear market this year has been nearly matched by a blistering rally off its lows. Through Thursday’s close, the S&P 500 has rallied nearly

Dallas Mavericks owner Mark Cuban watches on from behind the bench during the second half of an NBA game against the Atlanta Hawks at State Farm Arena on February 22, 2020 in Atlanta, Georgia. Todd Kirkland | Getty Images Billionaire entrepreneur Mark Cuban isn’t convinced that the swift market rally is here to stay. “I’m surprised. I

JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Goldman Sachs is taking another step into the world of retail banking with an installment loan product that’s launching with JetBlue Airways. The bank quietly released a website for something called MarcusPay this week, allowing users to

Getty Images At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work.  That decision will be fraught with risk without widespread testing for the COVID-19 virus. For some industries, such as Wall Street banks, ubiquitous testing is essential to bringing back their workforce

A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares of the airline rose 3% after the market closed. Treasury Secretary Steven Mnuchin said Thursday that

People gather at the entrance for the New York State Department of Labor offices in Brooklyn on March 20, 2020. The Federal Reserve estimates that 47 million people could lose their jobs before the COVID-19 crisis ends. Andrew Kelly | REUTERS This is a live blog. Check back for updates. 9:57 am: Stock gains accelerate, continue

Wells Fargo Securities’ Chris Harvey believes the worst is behind the market — even as Wall Street braces for a painful earnings season. According to the firm’s head of equity strategy, the steps taken by the Federal Reserve and Capitol Hill to stabilize the coronavirus-battered markets are creating a pivotal floor under stocks. “Although the

Stock futures moved lower in overnight trading, pointing to losses at the open on Thursday. The move pointed to a loss of 50 points, or 0.2%, for the Dow, with the S&P 500 and Nasdaq-100 slated to open 0.3% and 0.6% lower, respectively.  Stocks surged on Wednesday, with the major averages spending the entire session

A man wears a mask on Wall St. near the New York Stock Exchange, March 3, 2020. Brendan McDermid | Reuters This is a live blog. Check back for updates. 8:39 am: Fed to release minutes from meeting where it took rates to zero Investors will get a better idea why Federal Reserve officials last month

Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It

U.S. stock futures were slightly lower in overnight trading and pointed to losses at the open on Wednesday, continuing a volatile week for stocks gripped by the coronavirus shutdown.  Dow futures fell about 70 points, indicating a loss of 0.5%. The S&P 500 and Nasdaq Composite were also set to open lower, implying a drop

Take a look at some of the biggest stocks moving before the market opens: Exxon Mobil – Exxon Mobil said it was cutting 2020 capital expenditures by 30% and cash operating expenses by 15%, with the moves designed to put it in the strongest possible position when the energy markets improve. Slack Technologies – The

The coronavirus chaos has turned a historical market trend on its head. According to Bespoke Investment Group co-founder Paul Hickey, buying and holding stocks in extended hours trading has morphed into a losing proposition for investors. Typically, it has been a time frame that’s more profitable than buying at the open and selling at the

Stock futures fell slightly in overnight trading on Monday, following a steep rebound in the previous session, as investors grew more hopeful that the peak in coronavirus cases could be reached soon. Futures on the Dow Jones Industrial Average dipped about 70 points, implying a 140-point loss at Tuesday’s open. The S&P 500 and the

People use a Bank of America automated teller machine in Washington. Nicholas Kamm | AFP | Getty Images Bank of America said Monday that it’s seen fierce demand for emergency rescue loans with current applications already accounting for nearly 10% of the entire amount allocated by Congress. The bank confirmed that it has received applications

Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might face hurdles. U.S. West Texas Intermediate crude fell 9.2% to trade at $25.72 per barrel, while international benchmark Brent crude dipped 8.7% to $31.15 per