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

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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

Nasdaq drops 2.7%, Dow sinks 450 points in losing week

FOX Business contributor Scott Martin and Peapack Private Wealth Management managing principal David Dietze explain ‘late day’ selloffs on ‘Making Money.’

Selling accelerated for U.S. equities during the final hour of trading as tech weakness continued to roil the broader market sending stocks lower for the day and week.

The Nasdaq Composite fell 2.7% and the S&P 500 was lower by 1.8%, while the Dow Jones Industrial Average fell 450 points or 1.3%.

All three of the major averages posted the worst weekly drop since March 2020 for the Nasdaq and S&P, the worst since October 2020 for the Dow.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	34265.37	-450.02	-1.30%
SP500	S&P 500	4397.94	-84.79	-1.89%
I:COMP	NASDAQ COMPOSITE INDEX	13768.921815	-385.10	-2.72%

The selling continued in technology stocks, with Netflix down more than 21% after posting weaker-than-expected subscriber growth. The drop is the worst percentage loss

Nasdaq, S&P rise 1% driving day two of stock gains

Advisor Group chief market strategist Phil Blancato and Chris Verrone of Strategas react to increased market volatility on ‘Making Money.’

U.S. stocks rose for the second straight session as traders digested positive economic news and the Food and Drug Administration’s approval of Pfizer’s COVID-19 pill for use in adults and children ages 12 and older.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35753.89	+261.19	+0.74%
SP500	S&P 500	4696.56	+47.33	+1.02%
I:COMP	NASDAQ COMPOSITE INDEX	15521.89237	+180.81	+1.18%

The Dow Jones Industrial Average rose 261 points or 0.6% building on its 560 point advance on Tuesday while the S&P 500 and Nasdaq Composite rose 1% each.

Positive economic data included an uptick in the Consumer Confidence Index to the best level since July, a better than expected 3Q GDP report of 2.3%, albeit well below July’s 6.7% jump and home sales that rose 1.9%.

And the fight

Dow tanks 532 points, Nasdaq notches gain

Mainstay Capital Management CEO David Kudla predicts blue-chip stocks will be strong investments amid Federal Reserve changes.

U.S. stocks fell for the second straight session as investors wrapped the week.

The Dow Jones Industrial Average fell 532 points or 1.5%, while the S&P 500 slipped 1%. The Nasdaq Composite, bucked the downtrend, inching 0.07% higher.

Traders also faced triple witching when stock and index options expire along with index futures kicking up volatility.

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	35365.44	-532.20	-1.48%
SP500	S&P 500	4620.64	-48.03	-1.03%
I:COMP	NASDAQ COMPOSITE INDEX	15169.682092	-10.75	-0.07%

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The Federal Reserve-driven rally fizzled after policymakers said they are preparing to begin raising rates next year to fight inflation.

Gold got a boost in a flight to safety and is on pace to close at a one-month-high, as oil slipped 2%

FaZe Clan, a Leading Gaming, Lifestyle and Media Platform, to Become a Publicly Listed Company Through Merger with B. Riley Principal 150 Merger Corp. (NASDAQ: BRPM)

LOS ANGELES and NEW YORK, Oct. 25, 2021 /PRNewswire/ — FaZe Clan Inc. (“FaZe Clan” or the “Company”) today announced it has entered into a definitive merger agreement (the “Merger Agreement”) to combine with B. Riley Principal 150 Merger Corp. (NASDAQ: BRPM) (“BRPM”), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley Financial”). The proposed business combination transaction (the “Business Combination”) implies an equity value of approximately $1 billion for the combined company inclusive of nearly $275 million of cash (assuming no redemptions). Through the proposed business combination, FaZe Clan is positioned to become one of the only digitally native, youth-focused lifestyle and media platforms publicly traded on a U.S. national exchange.

FaZe Clan is reimagining traditional entertainment for the next generation as a leading voice of youth culture.

Upon completion of the proposed Business Combination, BRPM will change its