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  • Here's which markets are open, and closed, on Presidents Day

    Presidents Day initially honored George Washington on his birthday. U.S. financial markets will be closed on Monday, Feb. 17, in observance of Presidents Day. The New York Stock Exchange and Nasdaq will be closed.

  • Why Canopy Growth's sales grew as Aurora Cannabis struggled to sell more weed

    Canopy's purchase of retail and paraphernalia business helped, as did Aurora's struggles in Germany. Canopy Growth Corp. (CGC) reported earnings early Friday that gave investors a few reasons to cheer: In short, it wasn't a total disaster. Canopy logged fiscal third-quarter net revenue of C $123.8 million, well higher than the FactSet consensus of C $105 million reflecting strong year-over-year and sequential growth.

  • American Shoppers Unmoved by Stock Market Records

    Wall Street can shake its pom-poms all it wants, but Americans still aren't rushing out to spend. Retail sales rose a seasonally adjusted 0.3% in January from a month earlier, the Commerce Department reported on Friday. That was in line with economists' estimates, but the details of the report were less than stellar.

  • S&P 500 and Nasdaq end week at records as investors weigh economic health, coronavirus

    The S&P 500 and the Nasdaq on Friday closed at an all-time high, capping a week that had produced a decided uptrend as investors parsed a round of corporate results, economic data and the spread of COVID-19. All three benchmarks, however finished the week solidly higher. The S&P 500 gained 6.22 points, 0.2%, to close at 3,380.16, a record.

  • S&P 500 and Nasdaq edge higher in early trade to end a week colored by developments in coronavirus

    U.S. stock benchmarks Friday morning were edging slightly higher and looking to maintain strong weekly gains as investors weighed positioning heading into the weekend, amid the continuing spread of COVID-19, the illness derived from the novel coronavirus that reportedly originated in Wuhan, China last year. The Dow Jones Industrial Average traded 18 points, or 0.1%, lower at 29,403, the S&P 500 index gained 0.1% at 3,3766, while the Nasdaq Composite Index climbed 0.2% at...

  • S&P 500 and Nasdaq end at records to end week, amid signs of soft retail sales, coronavirus spread

    Retail sales gains were muted in January and industrial production declined but consumer confidence was near a 15- year high in early February. The Nasdaq and S&P 500 finished at records Friday, after bouncing between small gains and losses, as investors parsed mixed data on the strength of the U.S. consumer and monitored the spread of COVID-19 in China. The bond and stock markets will be closed Monday in observance of Presidents Day.

  • Treasury yields sink after disappointing retail sales point at consumer weakness

    Treasury yields fell on Friday after a weaker-than-expected retail sales pointed to potential cracks in a longstanding pillar of the economy. Investors also eyed the spread of COVID-19, the viral outbreak that originated in Wuhan, China. The bond-market will be closed Monday in observance of Presidents Day as recommended by the Securities Industry and Financial Markets Association, or Sifma.

  • Here's a reminder that 'when the dollar moves, things break' -- and vice versa

    Dollar Index logs 0.4% weekly rise. The U.S. dollar just spent another week flexing its muscles. While that hasn't done much to derail upside momentum for the stock market so far, it's worth remembering that big moves by the word's reserve currency can send ripples through global financial markets.

  • Oil prices end higher to notch their first weekly climb in six weeks

    Oil prices ended higher on Friday to notch their first weekly rise in six weeks, as a report of oil purchases by Chinese refiners helped to ease worries about a slowdown in oil demand from the spread of COVID-19. Bloomberg News reported a "buying spree" among China's independent oil refiners. March WTI oil rose 63 cents, or 1.2%, to settle at $52.05 barrel on the New York Mercantile Exchange.

  • Oil futures log first weekly rise in 6 weeks

    By Myra P. Saefong and William Watts, MarketWatch. Chinese independent refiners go on oil' buying spree': Bloomberg News. Oil futures settled higher on Friday to score a weekly gain--their first in six--as traders assessed reported signs of Chinese demand for crude against a backdrop of concern about the impact of COVID-19 on the global economy.

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