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 While President Joe Biden presses Congress for a third round of direct financial aid for Americans, he signed an executive order Friday directing the U.S. Treasury Department to do its best to make sure people aren't missing out on the checks that have already been approved.
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The Nasdaq came out of a mixed day with yet another fresh high. More interesting were Friday's moves by IBM, Intel and GameStop.
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Former Rep. Charlie Dent estimates that 150 House Republicans supported the article of impeachment charging Trump with inciting insurrection, though only 10 voted that way.
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It also could mean new prospects for college athletes, ride-share drivers, graduate students and others seeking organized labor protections.
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Labor advocates found reasons for hope in the data, a deviation from decades of decline for union participation.
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 Stocks ended mixed on Friday, but managed to cling to weekly gains as investors eyed the economic impact of COVID-19 restrictions in Europe. The S&P 500 fell 0.3% to 3,841. The Dow Jones Industrial Average shed 179 points, or 0.6%, to 30,997, based on preliminary numbers. The Nasdaq Composite was up 0.1% to 13,543, setting a new closing record on Friday. For the week, the S&P 500 rose 1.9%, the Dow gained 0.6%, and the Nasdaq climbed 4.2%. Economic data from Europe reflected the continuing toll from the pandemic, raising concerns the eurozone could enter into another recession. Shares of Schlumberger Ltd. rose after the oil services company topped profit forecasts, and beat revenue expectations for the first time in four quarters.
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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Janet Yellen's harsh words about China during her confirmation hearing show the Biden economic team is willing to continue the fight that former President Donald Trump started, analysts said.
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U.S. oil futures ended with a loss on Friday to turn lower for the week, pressured by an unexpected climb in U.S. crude inventories as a reported resurgence of cases in China renewed worries about a slowdown in energy demand. March West Texas Intermediate crude fell 86 cents, or 1.6%, to settle at $52.27 a barrel on the New York Mercantile Exchange. Prices lost 0.2% for the week, based on last Friday's settlement of $52.36 for the February contract, which expired on Wednesday.
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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Investors rush to cash in on potentially the world's biggest e-cigarette market
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The Energy Information Administration reported Friday that U.S. crude inventories rose by 4.4 million barrels for the week ended Jan. 15. The data, which were delayed by two days because of Monday's Martin Luther King, Jr. holiday and Wednesday's U.S. presidential inauguration, compared with the average decline of 2.5 million barrels forecast by analysts polled by S&P Global Platts. The American Petroleum Institute on Wednesday reported a 2.6 million-barrel increase. The EIA data also showed crude stocks at the Cushing, Okla., storage hub declined by 4.7 million barrels for the week. Gasoline supply, meanwhile, fell by 300,000 million barrels, while distillate stockpiles were up by 500,000 barrels. The S&P Global Platts survey had forecast supply increases of 2.7 million barrels for gasoline and 600,000 barrels for distillates. March West Texas Intermediate crude extended losses after the data, trading down 67 cents, or 1.2%, at $52.46 a barrel on the New York Mercantile Exchange. Prices were at $52.49 before the supply data.
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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Facebook Inc. has been able to retain a Teflon sheen on Wall Street with a succession of blowout quarters of advertising revenue.
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12 million Americans receiving Supplemental Nutrition Assistance Program (SNAP) benefits will see an increase under President Joe Biden's executive order.
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In an interview with Bloomberg TV's "Front Row," the storied investor, Jeremy Grantham, who is often credited with several prescient market calls over the past two decades, insists that a steady rise in stocks, fostered by free money from the Federal Reserve and the government can't continue without consequences.
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After the major indices hit records yet again on Thursday, stocks sharply declined to close the week. For investors looking to make the most of this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys.
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The new technology-enabled "normal" has rapidly expanded the market for innovative business models. Here is a look at how five industries changed in the past year. Use the trend to evaluate startup opportunities.
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After Advanced Micro Devices Inc. capitalized on Intel Corp.'s missteps in 2020, billions of dollars depends on the company continuing on that path as its larger rival attempts to right itself.
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U.S. stock indexes close moderately lower Friday after posting fresh record highs this week, as lockdown measures in Europe and America to combat the COVID-19 pandemic took an economic toll and President Biden's proposed new round of fiscal stimulus ran into opposition in the Senate.
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General Electric Co. investors will soon get some confirmation on whether the big bet they made on the industrial conglomerate's stock over the last few months will actually pay off, now and down the road.
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Disappointing earnings from technology leaders are responsible for more than half of the Dow Jones Industrial Average's declines on Friday. International Business Machines Corp.'s stock tumbled $13.65, or 10.4%, in morning trading after the IBM reported late Thursday fourth-quarter results, in which adjusted profit beat expectations but revenue missed, with the price decline was shaving about 90 points off the Dow's price. Intel Corp. shares fell $3.52, or 5.6%, to lop about 23 points off the Dow's price, in the wake of the chip maker's fourth-quarter results, which were unexpectedly released before Thursday's closing bell. The combined negative effect on the Dow of IBM and Intel stock price declines was 113 points, while the Dow fell 207 points, or 0.7%.
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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