The price of crude oil dropped Wednesday after the federal government indicated supplies of the energy commodity increased, demand for it fell and retail sales did not grow last month in the U.S., which is the globe's top consumer of oil, Bloomberg reports. The Commerce Department noted August retail sales did not grow from July… Read more.
Gold futures slipped to kick off September, dropping in value Thursday morning amid conjecture that the central bank of the U.S. is set to employ strategies to spur growth, Bloomberg reports. After having gained roughly 12 percent in value during the month of August, when it also touched record high prices of $1,917.90 per troy… Read more.
Gold futures are set to lose value Monday, driven down for the third straight day amid equity market advances, Bloomberg reports. Demand for the precious metal as a haven asset slowed down amid reduced preoccupations that economic growth has struck a rough patch. July saw retail sales in the U.S. increase the most since April… Read more.
This is a revised version of an article that originally appeared in FutureSource’s Fast Break Newsletter on September 24, 2004. Have you purchased an option position in the past, and had the market move in your favor, only to ultimately lose money on the trade? Read this article and you might get some answers about… Read more.
Despite an increase in sales at U.S. retailers in August – the second increase in two consecutive months – stock index futures were stagnant on Tuesday morning. Consumers increased their purchases by 0.4 percent, following a 0.3 rise in July. Many feared that the back-to-school shopping season would disappoint, but purchases excluding auto sales rose… Read more.
Investors looked for potential sources of optimism on Friday morning, but they failed to find much. If there was a bright spot, it was in U.S. auto sales, which rose 1.6 percent, boosting total retail sales by 0.4 percent. That could be good news for GM, which is planning an initial public offering that will… Read more.
Two U.S. Stock index futures declined slightly before trading began on Wednesday as data showed that retail sales fell by half a percentage point in June, the second straight month of decreasing purchases. However, the fall was only half that of May’s, which was negative by 1.1 percent. Just after 9 a.m. EST, both Dow… Read more.
After a strongly positive day of trading in global equity markets, crude oil broke a seven-day losing streak as some signals pointed towards recovery in the U.S. economy. Retail sales were one of the primary drivers of positive sentiment on Wednesday, as the International Council of Shopping Centers said that sales hit their best rates… Read more.
A strong day of trading bolstered the the major indexes, extending a two-day rally in U.S. equity markets. The S&P 500 gained 3.13 percent to close at 1,060.27, its best result since May. The Dow Jones Industrial Average gained 274.66 points to close at 10,018.30, bringing it back above the psychologically important 10,000 point line.… Read more.
Commodity prices are likely to continue rising in the foreseeable future judging from the ongoing strength being displayed by the trucking industry, which transports a majority of the nation’s manufactured goods. The American Trucking Association maintains a monthly For-Hire Truck Tonnage Index that measures the amount of material transported on the nation’s highways. This can… Read more.