U.S. stock futures are up across the board midweek as commodities rise and oil clears $81 a barrel.
The Dow Jones Industrial Average futures is up roughly 61 points, or 0.18%, while the S&P and Nasdaq futures are up approximately 0.32% and 0.37%, respectively.
On the year, the Dow is up around 2.30%, the S&P is up around 4%, and the tech-heavy Nasdaq is now roughly 5.71% higher over the same time.
In commodities, West Texas Intermediate crude futures spiked 2.01% to $81.79 a barrel, as gold added 0.49% to $1,919.30 an ounce.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| GS | $351.76 | -22.24 | -5.95 |
U.S. stocks ended the session mixed with the Dow Jones Industrial Average down over 1% or 391 points led by Goldman Sachs, the worst performer, after a disappointing profit report. The Nasdaq Composite and S&P 500 were little changed. In commodities, oil rose 0.4% to $80.18 per barrel.
Goldman Sachs reported a drop in quarterly profits while expenses rose creating more operational headwinds for the firm amid a weak deal making environment.
The stock is on pace for the worst session since January 2022 when it lost nearly 7%.
{{#rendered}}Intel CEO Pat Gelsinger says the U.S. in a good place to take on China in the battle for semiconductor dominance.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| BAC | $34.37 | -0.86 | -2.44 |
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Amazon is about to slash thousands of workers in the company's biggest workforce reduction in history.
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| Symbol | Price | Change | %Change |
|---|---|---|---|
| DIS | $100.74 | 1.34 | 1.35 |
| Symbol | Price | Change | %Change |
|---|---|---|---|
| TRV | $185.12 | -8.80 | -4.54 |
| MET | $71.72 | -0.20 | -0.28 |
| AIG | $63.83 | -0.58 | -0.90 |
| ALL | $135.81 | -3.16 | -2.27 |
Insurance companies are bailing on the state of Louisiana leaving customers holding the bag.
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