On Thursday, after the Fed and in anticipation of a new stimulus package in the country, WTI light crude oil rose another 1.1 percent to $48.36 a barrel, the highest in nine months. On the other hand, despite likelihood of a rebound in demand in
On Wednesday, DoorDash, C3.ai and PubMatic marked their IPOs on the Wall Street, awaiting the biggest session of the year that of Airbnb, which is expected to start listing on Thursday. According to the Wall Street Journal, Airbnb’s IPO price is expected after the close
Wall Street began December on the right foot after gains of 11 percent to 12 percent for its key indices in November, with the Nasdaq and the S&P 500 ending at new highs, while the Dow Jones is approaching the highs of last week. The
In recent weeks, the outbreak of coronavirus has led to new travel restriction initiatives in a number of U.S. states and cities, including California, New York and Chicago. The outbreak in the country reached the 12.9 million-case mark on Friday, and according to data from
On Thursday, WTI oil dropped 0.2% to $41.74, while gold dropped 0.7% to $1,861.50 an ounce. Domestic oil inventories for the week ended November 13 increased by 0.8 million barrels to 489.5 million barrels, against a forecast of 1.6 million barrels, according to the Department
The American technology corporation Teledyne Technologies Incorporated (TDY) has won a contract of $85 million to supply components for the U.S. lunar program. As a manufacturer of parts of deep space transport systems, Teledyne will become one of the beneficiaries of space exploration. In the
Dolby Laboratories Inc. (NYSE: DLB), which develops audio and video technology broadcasting solutions, published a fourth quarter update last week. The business has been able to beat the predictions of Wall Street analysts amid the adverse effect of COVID-19. In the fourth quarter, Dolby Laboratories’
Trade Desk Inc.’s (Nasdaq: TTD) shares jumped 26.58 percent on Friday bringing its price to $819.34 at ring of the bell on the day. The provider of advertising instruments and marketing campaign planning reported impressive third-quarter results on Thursday Nov. 5 beating the analysts’ expectations.
Friday trading came with a couple of stocks gaining surprisingly, even after making losses or missing estimates. The Federal Reserve’s announcement on Thursday in the current macroeconomic situation might be the catalyst that built the investor’s confidence up. The Federal Reserve emphasized on Thursday that
The number of new jobs created in the U.S. economy in October was the lowest in five months. According to the U.S. Bureau of Labor Statistics, 638,000 new jobs have been created in the non-agricultural sector. However, this figure was higher than the experts’ estimate
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