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  • 4 ways the ECB is preventing an Italian rerun of the euro crisis -- for now

    Italy's likely new coalition government is spooking investors with its controversial spending plans and underlying euroskepticism. But prospects for a return of the darkest days of the eurozone sovereign debt crisis seem low, say economists at Commerzbank, and that's thanks in large part to the actions already undertaken by the European Central Bank. But the ECB, led by former Bank of Italy chief Mario Draghi, can't paper over the cracks in the euro indefinitely.

  • Rising angst around global politics doesn't move gold like it used to

    Why gold is still stuck in its tight trading range. The recent drop in gold prices to their lowest level of the year may have come as a surprise for some, especially given that geopolitical risks have intensified since the start of the year, but the yellow metal still lacks a good reason to break free from the tight trading range it's held for months. After news broke Thursday that President Donald Trump cancelled a planned nuclear summit with North Korea, gold prices settled at a...

  • Why buying home-builder stocks now may be like catching a falling knife

    Home-builder stocks have taken a beating so far this year, but market participants say there could be more near-term pain ahead for the group because benchmark government bond yields have ratcheted higher, lifting borrowing costs for prospective homeowners. "Rising interest rates prompted a lot of investors to sell these stocks, because they believe higher rates will dent demand for housing," said Diane Jaffee, senior portfolio manager at TCW. The S&P 500 home-building index,...

  • U.S. stocks close mostly lower but book weekly gains

    U.S. stocks closed mostly lower on Friday, largely due to a selloff in energy shares. The S&P 500 energy sectors slumped 2.6%, weighing on the broader index. But all three main benchmarks posted weekly gains.

  • Dow, S&P 500 end lower as oil wallops energy sector, but tech shares buck the trend

    By Mark DeCambre, MarketWatch, Ryan Vlastelica. Energy sector sees weakness on report of possible higher oil production. U.S. stocks ended mostly lower Friday as a plunge in crude-oil futures, sparked by reports that OPEC and major oil- producer Russia were considering increasing output, slammed shares of energy-related companies.

  • Jobs report expected to point to better hiring -- and increased interest rates

    Ultra-tight labor market is pushing up wages. A fresh pile of evidence this week is certain to show the U.S. economy is still strong and that it's a great time to find a job. But what that really means is the cost of borrowing for consumers and businesses is going up again soon.

  • *Dow, S&P 500 end lower as oil's plunge batters energy stocks

    (END) Dow Jones Newswires 05-25-18 1600 ET Copyright (c) 2018 Dow Jones& Company, Inc..

  • Dollar checks second weekly gain in a row as global tensions take a breather

    By Mark DeCambre, MarketWatch, Anneken Tappe. ICE dollar index on track for 2.6% monthly gain in May. The U.S. dollar strengthened against most of its main rivals Friday in New York, as a popular gauge of the currency hit a fresh 2018 high, and as traders digested a week in which the Federal Reserve signaled that it may adopt a more measured approach to hiking interest rates even if inflation runs ahead of its 2% annual target.

  • Oil Giants Target Free Riders

    The rules of the game are changing in the oil market. Prices fell to their lowest in three weeks after reports that the agreement to curtail output by 1.8 million barrels a day between the Organization of the Petroleum Exporting Countries and non-member Russia was likely to end as soon as next month. It wasn't set to expire until the end of this year.

  • U.S. oil-rig count makes biggest weekly climb since February

    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up 15 at 859 this week. That was the largest weekly rise since the week ended Feb. 9. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 13 to 1,059, according to Baker Hughes. July West Texas Intermediate crude fell further after the rig data, down $3.10, or 4.4%, to $67.61 a barrel, compared with $67.75 a barrel before the Baker Hughes numbers.

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