STOCK MARKET NEWS: Stocks Rise, GameStop Stock Split, Oil Soars at $90

0

Developing story

Biden to present Medal of Freedom to Denzel Washington, Simone Biles and 15 others

President Biden awards the Presidential Medal of Freedom to 17 recipients.

Symbol Price To change %To change
AAL $13.89 +0.01 +0.07%
DAL $29.53 -0.29 -0.97%
LAU $36.77 +0.12 +0.31%
JBLU $8.31 -0.26 -3.03%
LUV $36.31 -0.20 -0.55%

The Biden administration is giving $1 billion to 85 airports to help upgrade compromised US infrastructure.

Gun CEOs head to the Capitol

Symbol Price To change %To change
SWBI $13.24 -0.69 -4.95%
RGR $63.51 -2.59 -3.92%
VSTO $26.94 -2.58 -8.74%
OLN $45.05 +0.56 +1.26%

Unemployment insurance claims are on the rise

Weekly jobless claims rose slightly by 4,000 to 235,000 from 231,000 ahead of Friday’s monthly jobs report.

Approval of GameStop stock split

GameStop’s board of directors approved a four-for-one stock split. Shareholders of record on July 18, 2022 will receive the split shares after the close of trading on July 21, with trading expected to begin June 22.

recent news

Dow jumps, Nasdaq +1% as chipmakers lead

Dow Jones averages.

$

31275.76

Symbol Price To change %To change
INTC $36.99 +0.30 +0.82%
AMD $75.35 +0.15 +0.20%
NVDA $151.30 +1.66 +1.11%

U.S. stocks rose across the board on Thursday as chipmakers including Intel, AMD and Nvidia helped drive gains following a strong earnings report from Samsung. Investors are also positioning themselves ahead of Friday’s jobs report after weekly jobless claims rose to 235,000. On the commodities side, oil rebounded 3% to $90 a barrel.

recent news

Boris Johnson resigns as UK PM over ethics scandals

British Prime Minister Boris Johnson announced his resignation on Thursday.

Several people, including his last two Cabinet appointments, had called on him to step down amid ethics scandals and dozens of ministers and officials in his Conservative government quit this week.

Stock futures add to gains as Fed signals further rate hikes

US stock futures were trading higher on Thursday morning, adding to gains from the previous session.

U.S. stocks posted modest gains on Wednesday as investors weighed the possibility of another big Federal Reserve rate hike at the July meeting, according to minutes from the previous meeting. This was intended to reduce searing inflation.

continue reading

Gas drop continues

The average price of a gallon of regular gasoline slipped Thursday morning to $4,752, according to AAA. The price on Wednesday was $4,779. The gas went down for 20 consecutive days. Diesel also slipped to $5.698 from $5.716

Oil oscillates between gains and losses

Benchmark U.S. crude was trading at $98 a barrel electronically on the New York Mercantile Exchange. The contract lost 97 cents to $98.53 a barrel on Wednesday. Brent crude, the price basis for international trade was $100 per barrel in London. It fell from $2.08 the previous session to $100.69.

The Bitcoin Winning Streak Has Been Interrupted

Bitcoin is trading around $20,000, following a two-day winning streak ahead of Thursday’s trading. The cryptocurrency is down more than 55% since the start of the year.

Bitcoin is also down more than 69% from its all-time high reached in November. Ether is trading around $1,100 and Dogecoin is at 6 cents.

Share.

Comments are closed.