Stock Market News: Dow jumps over 825 points, companies react to Roe vs. Wade

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recent news

Dow jumps 823 points as Nasdaq and S&P add 3%

Dow Jones averages.

$

31501.54

Stocks surged at the end of the week as Federal Reserve officials hinted that the tightening cycle may ease towards the end of the year. All 11 S&P sectors rallied, with Materials and Financials leading the gains, while Energy rose the least. In commodities, oil slipped ending the week at $107.62 a barrel.

Weekly performance:

Nasdaq +7.5%

S&P 500: +6.5%

DJIA: +5.4%

United Airlines pilots’ union approves tentative deal to raise pay for 14,000 pilots

The Air Line Pilots Association (ALPA), the largest pilots’ union, has approved a tentative deal that would raise the pay of 14,000 United pilots.

The union said the deal also includes better overtime and bonus pay, a new pension plan, new eight-week paid maternity leave and improved scheduling arrangements.

Symbol Price To change

%To change

LAU $35.81 -0.91 -2.48%

Abortions will be ‘banned’ in Texas: AG Paxton

Texas Attorney General Ken Paxton said previously passed state legislation would ban abortions at any term of pregnancy.

Dow Movers

Symbol Price To change %To change
BA $133.97 -3.19 -2.33%
SAY $94.30 +0.80 +0.86%
CAT $178.67 -9.16 -4.88%

Dow Jones averages.

$

31338.81

Disney, Boeing and Caterpillar led the Dow’s triple-digit gains on Friday.

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US stocks jump 1% across the board, 11 S&P sectors up

Symbol Price To change %To change
XLK $128.82 +1.90 +1.50%
XLY $141.59 +2.19 +1.57%

U.S. stocks rose more than 1% across the board on Friday as investors digested balanced remarks from Federal Reserve Chairman Jerome Powell on handling the economy and inflation. The S&P’s 11 largest sectors all rose, with technology and consumer discretionary companies leading early trade. In commodities, oil hovered around $105 a barrel.

Smith & Wesson CEO on the SCOTUS Gun Decision

Symbol Price To change %To change
SWBI $14.36 +1.26 +9.62%

The Supreme Court has rejected stricter rules in New York for hidden carry rights. Following the decision, the Smith & Wesson CEO weighed in on the company’s earnings call.

Futures contracts at a glance

U.S. stock futures are trading higher on Friday morning, looking to end the week on a positive note after a three-week losing streak.

Meanwhile, oil prices are higher, with West Texas Intermediate crude futures trading at around $105.70 a barrel and Brent crude futures trading at around $111.50 a barrel. .

Stock futures are trading higher as stocks head for a winning week

U.S. equity futures traded higher on Friday morning, adding to gains from the previous session, as markets headed for their first weekly gain after three weeks of punishing losses.

Sales of new single-family homes headline economic reports that traders will be watching.

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Oil heads for a second weekly decline

Oil prices rose on Friday but were heading for a second weekly decline as tighter supply was overshadowed by fears that rising interest rates could push the global economy into recession.

US benchmark crude oil was at $105 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the pricing basis for international trade, was at $110 a barrel.

Gasoline prices continue to fall

The price of a gallon of regular gasoline slid Friday morning to $4,926, according to AAA. The price on Thursday was $4.94. The gas went down for seven consecutive days. Diesel also slipped to $5.805 from $5.808.

Bitcoin hovers around $21,000

Bitcoin is trading near $21,000 and gained in three of the last five days leading into Friday. The cryptocurrency is down more than 34% since the beginning of the month and more than 55% since the beginning of the year.

Bitcoin is down over 69% from its all-time high of $67,802.30 in November. Ether is trading at $1,100. Dogecoin is 6 cents.

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