Wall Street wanes as tech rebound fades; copper dulls

NEW YORK – Wall Street pulled back on Tuesday as a technology stock rebound lost steam and enthusiasm from a tax-cut proposal waned, while copper prices fell steeply to their lowest point in two months. The U.S. Treasury yield curve flattened, with the difference between the yields on five- and 30-year debt hitting its lowest in a decade. A flatter yield curve is often an sign of worries about the economy, while market watchers also…

"Wall Street wanes as tech rebound fades; copper dulls"

U.S. tax bill, Russian probe whipsaw financial markets

NEW YORK – U.S. stocks, the dollar and Treasury yields fell on Friday in a volatile session tied to developments in a probe into Russia’s involvement in the U.S. election as well as by progress with a tax bill in Congress. Stocks and the greenback tanked mid-session after an ABC report that former national security adviser Michael Flynn was prepared to testify that Donald Trump instructed him to make contact with Russians during the presidential…

"U.S. tax bill, Russian probe whipsaw financial markets"

OPEC, Russia set for oil cut extension but wary of overheating market

VIENNA – OPEC and Russia look set to prolong oil supply cuts until the end of 2018 this week while signaling that they may review the deal when they meet again in June if the market overheats. With oil prices LCOc1 rallying above $60 per barrel, Russia has questioned the wisdom of extending existing cuts of 1.8 million barrels per day until the end of next year as such a move could prompt a spike…

"OPEC, Russia set for oil cut extension but wary of overheating market"

Wall Street higher on earnings results; euro down after Catalonia vote, ECB news

NEW YORK – The Nasdaq Composite had its best day in nearly a year on Friday, boosted by strong corporate earnings, while the euro posted its worst week of 2017 after the European Central Bank decided to prolong its bond buying to keep interest rates low. The Nasdaq Composite added 144.49 points, or 2.2 percent, to 6,701.26, the S&P 500 gained 20.67 points, or 0.81 percent, to 2,581.07, and the Dow Jones Industrial Average rose…

"Wall Street higher on earnings results; euro down after Catalonia vote, ECB news"

Oil rises 2 percent, boosted by potential OPEC deal

NEW YORK – Oil prices rose about 2 percent on Thursday as signs Saudi Arabia and Russia would limit production through next year pushed the U.S. benchmark back above $50 a barrel. The news outweighed Wednesday’s U.S. data showing record U.S. exports and the return of production at a major Libyan oilfield. Brent futures LCOc1 settled at $57 a barrel, up 2.2 percent, or $1.20, while U.S. crude CLc1 rose 81 cents, or 1.6 percent,…

"Oil rises 2 percent, boosted by potential OPEC deal"