Wall Street Weekahead: High-flying market to take cues from infrastructure plans, upcoming earnings

© Reuters. A U.S. flag flies outside The Federal Reserve Bank of New York in New York By Lewis Krauskopf NEW YORK (Reuters) – U.S. President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs. […]

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Oil up Over 2% as Market Buys Into OPEC Output Hike Plan 

© Reuters. By Barani Krishnan Investing.com — Crude prices swung from green to red and back on Thursday before settling up more than 2% as traders bought into OPEC+’s assurances that the global oil producing alliance could manage with higher output from May, despite questionable demand. London-traded , the global benchmark for crude, settled up […]

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Oil price structures show market balance returns in second half of 2021

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing By Bozorgmehr Sharafedin LONDON (Reuters) – The oil market is likely to be in balance in the second half of 2021, even though European coronavirus lockdowns and U.S. winter storms caused disruptions in March, crude and […]

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Oil Prices Jump 6% as Volatility Debuts in Oversold Market

© Reuters. By Barani Krishnan and Liz Moyer Investing.com — The much-anticipated volatility in oil is finally here.  Crude prices settled up 6% on Wednesday, recouping virtually all of what they lost in the previous session. The rebound was largely technical, though it was also helped by a benign weekly dataset on U.S. oil supply-demand […]

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Oil Rebounds as Market Looks Beyond U.S. Production Mark-Up 

© Reuters. By Liz Moyer and Barani Krishnan   Investing.com — Oil prices rebounded on Wednesday, snapping a two-day slide, as the market looked beyond government data indicating that output was recovering faster than refining after last month’s storm-related outages in Texas. Futures of New York-traded , the benchmark for U.S. crude, initially fell on the […]

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Unfazed by bond market, Fed sets course for sustained, easy policy

2/2 © Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC 2/2 By Ann Saphir, Dan Burns and Jonnelle Marte (Reuters) – U.S. central bankers on Friday signaled they do not plan to touch the dial on their super-easy policy for some time, expressing little concern over the rapid rise in U.S. […]

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Record closes across the board with small caps/NASDAQ leading the way, but some market big cap favorites not joining in.

Russell index rises by 2.36%. The major indices are all closing at record high levels, with today the Dow Industrial Average joining the S&P, Nasdaq and smaller cap Russell 2000 index (they each closed at records on Friday).   The indices are also closing near the highs for the day. Leading the way is the Russell 2000 which is […]

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GameStop frenzy reveals potential for broader market stress

2/2 © Reuters. FILE PHOTO: The “Fearless Girl” sculpture is seen outside NYSE during a snow storm in New York 2/2 By April Joyner NEW YORK (Reuters) – As the trading frenzy in GameStop Corp (NYSE:) shares and other social media favorites recedes, investors are eyeing signs of potential market stress that could weigh on […]

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