Stocks slammed, oil dips, Twitter gains in Musk waiting game: LIVE UPDATES
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Former Ukrainian Infrastructure Minister Volodymyr Omelyan provides insight into the Russia-Ukraine war.
Rep. Nancy Mace, R-S.C. argues the federal government was receiving 'record tax revenues' during the COVID pandemic.
Shares of Twitter moved higher as the broader averages sank.
Disney shares are on pace for a drop of nearly 7% after Florida voted to strip the media giant of its special tax status in the state.
Federal Reserve Chairman Jerome Powell
| Symbol | Price | Change | %Change |
|---|---|---|---|
| TBT | $24.36 | +0.37 | +1.54% |
The 10-Year Treasury yield sat at 2.92% - the highest since 2018. Federal Reserve Chairman Jerome Powell signaled a 50 basis point rate hike is on the table during remarks Thursday.
Wall Street futures
U.S. equity futures fell Friday in premarket trading on concerns that interest rates will increase faster than expected.
Meanwhile, oil prices declined Friday morning following a week filled with concerns about interest rate hikes, global growth and COVID-19 lockdowns in China putting a dent in demand.
Brent crude futures traded at $107 a barrel while West Texas Intermediate futures traded around $102.50 per barrel.
Specialist traders at NYSE ((AP Photo/Richard Drew))
U.S. equity futures fell ahead of the final trading day of the week, on concerns that interest rates will increase faster than expected. Continue reading
Marathon Petroleum's Los Angeles Refinery (REUTERS/Bing Guan)
Oil prices declined Friday morning following a week filled with concerns about interest rate hikes, global growth and COVID-19 lockdowns in China putting a dent in demand. Continue reading
Bitcoin investors are looking toward the cryptocurrency's next winning streak, after a three-day gain was snapped on Thursday. Bitcoin is down more than 11% this month and off more than 12% year-to-date. Continue reading
Gas prices (AAA)
The average price for a gallon of gasoline in the U.S. was unchanged on Friday at $4.12, according to the latest numbers from AAA. That was also the price on Thursday. The record high was $4.33, set on Friday March 11, 2022.
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