Nasdaq, S&P end higher, oil tops $92 level

All Posts in "higher"

Nasdaq, S&P end higher, oil tops $92 level

Penn Capital CIO Eric Green discusses volatility in the market.

U.S. stocks closed higher in what was another volatile week as investors weighed the stronger-than-expected monthly jobs report against positive earnings and rising interest rates.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35089.74	-21.42	-0.06%
SP500	S&P 500	4500.53	+23.09	+0.52%
I:COMP	NASDAQ COMPOSITE INDEX	14098.006675	+219.19	+1.58%

The Dow Jones Industrial Average ended with little changed, while the S&P 500 and Nasdaq Composite rose 0.5% and 1.5%, respectively. For the week, all three of the major averages posted gains.

The yield on the 10-year Treasury rose to 1.93%, the highest since December 2019, lifting big banks higher.

Ticker	Security	Last	Change	Change %
JPM	JPMORGAN CHASE & CO.	152.56	+3.86	+2.60%
BAC	BANK OF AMERICA CORP.	48.28	+1.85	+3.98%
WFC	WELLS FARGO & CO.	56.33	+1.16	+2.10%

Oil tacked on 5.5% for the week, closing at

Most CFOs think higher prices will last through 2022, survey shows

Natixis chief economist Joe LaVorgna explains the impact of inflation on small businesses on ‘Making Money.’

A majority of U.S. businesses are hiking prices at a rapid clip as they seek to offset the pain of soaring inflation and a lack of available workers, according to a survey of American CFOs published on Thursday.

The CFO Survey, a collaboration of Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, shows that finance chiefs are increasingly worried about labor availability, inflationary pressures and supply chain disruptions.

FED TO TAPER BOND PURCHASES BY $15B A MONTH AS IT EXITS PANDEMIC-ERA POLICY

Nearly 90% of firms reported larger-than-normal costs increases — a sharp rise from just six months ago, when about 80% of businesses reported increasing the price of some goods.

Fewer than 20% of firms expect cost increases to abate within the next six months, and

US stocks trending higher as data signals fresh acceleration in world economy

Check out what’s clicking on FoxBusiness.com.

U.S. equity futures were trading tentatively higher after a record close last Thursday. Driving the market surge, investors say, was data signaling a fresh acceleration in the world economy, as well as optimism over the prospect of additional fiscal stimulus.

Stocks in this Article

$34433.84

+237.02 (+0.69%)

$14360.387701

-9.32 (-0.06%)

On Friday, Wall Street’s S&P 500 index turned in its biggest weekly gain in four months.

Investors have been encouraged by progress in Washington on an infrastructure spending plan. Markets have recovered from the Federal Reserve’s announcement that it might start raising interest rates sooner than expected.

WITH CLOUD AND AI, IBM BROADENS 5G DEALS WITH VERIZON AND TELEFONICA

The S&P’s gain “is generally telling of improving sentiment,” said Mizuho Bank in a report.

Markets have swung between optimism about economic recovery supported by the rollout of coronavirus vaccines and unease that the Fed