Voo ETF News

US crude oil benchmark, also known as WTI, rallies 4.67% in the day, aiming to close above the $100 mark for the second day of the year as Wall Street

HOUSTON (AP) _ Orion Marine Group Inc. (ORN) on Wednesday reported a loss of $8.8 million in its fourth quarter. The Houston-based company said it had a loss of 29 cents per share. Losses, adjusted for asset impairment costs and pretax expenses, were 17 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. The heavy civil marine contractor posted revenue of $162.3 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $137.7 million. For the year, the company reported a loss of $14.6 million, or 47 cents per share. Revenue was reported as $601.4 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORN at https://www.zacks.com/ap/ORN

NEW YORK, March 2 (Xinhua) -- U.S. stocks climbed on Wednesday as investors monitored the situation in Ukraine, while digesting the U.S. Federal Reserve Chairman Jerome Powell''s latest testimony. The Dow Jones Industrial Average jumped 596.40 points, or 1.79 percent, to 33,891.35. The S&P 500 was up 80.28 points, or 1.86 percent, to 4,386.54. The Nasdaq Composite Index increased 219.56 points, or 1.62 percent, t

Investors were already on edge about interest rate hikes before Russia''s invasion of Ukraine sent markets spiraling.

2/2 © Reuters. FILE PHOTO: The New York Stock Exchange (NYSE) in New York City, where markets roiled after Russia continues to attack Ukraine, in New York, U.S., February 24, 2022. REUTERS/Caitlin Ochs 2/2 By Devik Jain and Noel Randewich (Reuters) – Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell …

NEW YORK - Wall Street took another sharp swing Wednesday, this time back to rally mode, as stocks and Treasury yields rose even as oil prices continued to climb.

U.S. stocks posts sharp gains Wednesday, as the Dow Jones Industrial Average and S&P 500 rallied, highlighting a bout of bullishness on Wall Street.

Stocks are higher Wednesday, gaining some traction after comments from Fed Chairman Jay Powell pointed to a 25-basis-point rate hike in March.

The ASX is set to rally as global markets rebound from the losses related to the Russian invasion of Ukraine.

US equities rose on Wednesday as traders digested remarks from Fed Chair Jerome Powell and, despite further sharp commodity price rallies amid the ong

"Don''t Get Too Excited" - Bill Gross Warns Investors That Surging Inflation Will Topple Stocks Bill Gross has been retired for a few years at this point, and sometimes, it seems almost as if people forget who he once was. Once known as Wall Street''s "notorious" bond king, Gross was credited with many great plays and plenty of terrible ones as well. But the same investor who once warned that investors had been lulled into "dreamland" by central banks and their easy monetary policy is now making the media rounds warning that those days are over, and that investors better brace for rough going ahead as interest rates are raised. He said all that and more in his new book, the aptly titled "I''m Still Standing", his first since his acrimonious split with his wife and subsequent downright cold-spirited spat with a neighbor. According to Gross, yields are inching closer to the danger zone (although they declined again on Tuesday) thanks to the risk of inflation, which is spurring the Fed to act. "Stocks and even bonds can thrive with low-to-mild future inflation," the billionaire wrote. "But anything beyond 3% and higher” is market-threatening. "Don’t get too excited." US consumer prices rose 7.5% in January, the fastest pace in nearly four decades, as we reported at the time.

The Russia-Ukraine crisis is heating up as Russia claims to have captured the first major city, Kherson. Simulataneously, Russian President Vladmir Putin has put nuclear weapons on alert.

The US 500 cash index has quickly bounced above its 9-month low at 4,106 touched last week. However, the elevated negative pressures are still troubling the index, which is currently trading well below its 50- and 200-day simple moving averages (SMAs), reflecting an overall bearish outlook. The short-term momentum indicators are painting a mixed picture […] The post US 500 remains volatile; overall bearish outlook appeared first on Action Forex .

https://www.investing.com/news/stock-market-news/wall-street-stages-modest-bounce-at-open-after-adp-powell-news-dow-up-210-pts-2776208

SSO: Leveraged ETF Decay Costs February 2022 Update