STOCK MARKET NEWS: Futures cautious, oil gains, FTX fallout

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Thanksgiving travel rush is back. More on Donald Trump’s tax records legal fight. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

U.S. equity futures traded slightly higher Wednesday morning, the day after a broad rally.Oil prices were steady on Wednesday as concerns about lower demand from China due to COVID-19 curbs offset data showing a larger-than-expected U.S. crude draw last week.Brent crude futures traded around $87.00.Best Buy soared 12.8% after the consumer electronics chain did better than analysts expected and said a decline in sales for the year will not be as bad as it had projected earlier.

Nordstrom shares are down 9% in premarket trading after the retailer trimmed its annual profit forecast. On Tuesday, the S&P 500 rose 1.4% to 4,003.58 and the Dow Jones Industrial Average added 1.2% to 34,098.10. The tech-heavy Nasdaq composite added 1.4% to 11,174.41.FTX founder Sam Bankman-Fried Those who have looked under the hood in the wake of the crash, including new FTX CEO John J. Ray III, have expressed dismay at the company's lack of basic bookkeeping and compliance protocols, sparking questions over how Bankman-Fried was able to build such an enormous, unchecked operation that bought him incredible influence and political power.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Won't that be great for the United States when the digital dollar gets hacked?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility – Market Updates Bitcoin NewsBitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm. IMPORTANT: IMPORTANT: Whyy is everybodyy silent on thiss?
Source: BTCTN - 🏆 531. / 51 Read more »