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European stocks traded higher on Friday as market players increase their bets the U.S. Fed will cut interest rates this month.
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Lawmakers call for Puerto Rico's governor to step down amid widespread protests on island Fox NewsPuerto Rico crisis erupts as governor refuses to step down Fox NewsWhat's behind Puerto Rico's protests, scandal? Here's 5 things to know. NBC NewsPuerto Ricans are demanding better. It's about time Congress and San Juan deliver. The Washington PostPuerto Rico governor could end political crisis with two words: I resign. Then what? Miami HeraldView full coverage on Google News
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 Shares of Chesapeake Energy Corp. surged 3.4% in afternoon trading Friday, to bounce off a 20-year closing low, as a a rebound in oil prices helped provide a boost. The oil and gas company's stock had tumbled 7.1% on Thursday, and sank 18% amid a four-session losing streak, to the lowest close ($1.58) since April 1999. On Friday, crude oil futures rose 0.7% to snap a four-session losing streak, helped by reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. The correlation coefficient between Chesapeake's stock and crude oil futures, over the past two decades, has been 0.78, in which 1.00 would mean they move perfectly in sync. In comparison, Chesapeake's correlation with the S&P 500 is negative 0.28.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated.
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Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand.
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Between production inefficiencies, customer compensation, payments to victims' families, and regulatory penalties, Boeing will pay a big price for the 737 MAX's safety problems.
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