By Keris Lahiff, CNBC Oil climbed Friday, surpassing the high set earlier this week and notching a fresh 13-month peak. West Texas Intermediate crude hit $59.82 a barrel on Friday, its highest level since January 2020, a promising sign as the industry grapples with depressed demand during the coronavirus pandemic. However, after a 23% rally so far this year, one...
It wasn't as impressive as the previous week's turnaround rally, but the bulls found a way to tack on more gains last week. Thanks to Friday's nice last-minute push, the S&P 500 gained 12% last week, tiptoeing deeper into record-high territory as a result. As has been the case for some time though, the volume behind the advance wasn't exactly...
– Aurora Cannabis has been on fire but volatility is starting to climb. Let's look at the chart with earnings on deck – By Bret Kenwell, TheStreet.com The cannabis stock trade has been manic so far this year, with Aurora Cannabis (ACB) and its peers soaring higher. Aurora will look to maintain that momentum on Thursday when it reports earnings...
By Keris Lahiff, CNBC General Motors is the latest company to sound the alarm on a chip shortage, warning it could reduce full year earnings by up to $2 billion. And it's not the only one – Ford, solar company Enphase, Xbox maker Microsoft and PlayStation parent Sony are also feeling the semiconductor squeeze. On the other side of the...
In a sweeping reversal of the previous week's weakness, stocks marched to record highs last week on the heels of a 4.6% rally from the S&P 500. Is the advance now out of gas? Maybe. There are new barriers the rally will have to contend with this week, however. Most of the indices are now once again bumping into technical...
In a sweeping reversal of the previous week's weakness, stocks marched to record highs last week on the heels of a 4.6% rally from the S&P 500. Is the advance now out of gas? Maybe. There are new barriers the rally will have to contend with this week, however. Most of the indices are now once again bumping into technical...
By Bret Kenwell, TheStreet.com Pinterest (PINS) was up about 5% and hit all-time highs on Friday after better-than-expected earnings. Is the stock still being undervalued? Shares were up more than 11% shortly after the open, although the stock faded from those highs pretty quickly. Given the fact that Pinterest rallied for six straight sessions ahead of earnings and climbed 20.3%...
By Lizzy Gurdus, CNBC Industrial stocks got a boost this week as investors grew more optimistic about the prospects of the economy reopening. The Industrial Select Sector SPDR Fund (XLI) is up 5% week to date, climbing alongside the broader market. The S&P 500 has gained about 4.5% over that time period. With a possible federal infrastructure plan on the...
By Lizzy Gurdus, CNBC The latest rise in bond yields has boosted financial stocks, but the rally's staying power remains in question. The Financial Select Sector SPDR Fund (XLF) is up about 6% week to date versus a 3.6% gain for the S&P 500. The U.S. 10-year Treasury yield has been pushing further above 1% with fiscal stimulus once again...
The market's been playing with fire for weeks. It finally got burned. The S&P 500 tumbled 3.3% last week, marking the worst weeks for stocks since October. And yet, even with the setback the rally's not broken. Dented and bent? Yes, but not broken. The sellers didn't drive the indices all the way under the very first of their technical...
