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Dow jumps 518 points, oil hits $114 & VMware’s $61B deal: LIVE UPDATES

FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.


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Breaking News

Dow jumps 516 points, all S&P sectors rise led by consumer, tech stocks


The S&P 500 jumped 2% in a broad rally with all 11 of the major sectors rising led by consumer discretionary and technology names. This as the Nasdaq Composite tacked on nearly 3% and the Dow Jones Industrial Average 516 points or 1.6%. In commodities, oil closed at $114.09 per barrel. 

Posted by FOX Business Team

Bitcoin is holding steady so far: Expert

Meltem Demirors provides insight on cryptocurrency and Ken Mahoney provides insight on the stock market on 'Making Money.'

Posted by FOX Business Team

Airline stocks takeoff ahead of Memorial Day weekend


Posted by FOX Business Team
Developing Story

Dow leaders

NKE$108.20 +0.91+0.85%

Dow Jones Averages.

Posted by FOX Business Team

Gas, hotel, airfare see 'crazy' prices ahead of summer vacations

FOX Business' Jeff Flock speaks to Jersey Shore businesses and travel experts on how inflationary prices impact tourism and the economy.

Posted by FOX Business Team

Mortage rates slip

“Despite the recent moderation in rates, the housing market has clearly slowed, and the deceleration is spreading to other segments of the economy, such as consumer spending on durable goods" said Sam Khater, Freddie Mac’s Chief Economist.

Posted by FOX Business Team

Dollar + fever


Dollar Tree reported a 48% jump in profits while same-store sales rose over 11% fueling investor interest in dollar retailers.

"The Dollar Tree team successfully completed its conversion to the $1.25 price point, contributing to both sales and margin improvements. Shoppers are responding favorably as the new, greater value products hit our shelves,” stated Michael Witynski, President and Chief Executive Officer in the company's earnings release.

Posted by FOX Business Team
Breaking News

U.S. stocks rose across the board as earnings, deal making drive sentiment


U.S. stocks rose across the board Thursday as positive earnings from the likes of Macy’s helped drive sentiment along with Broadcom’s $61B purchase of VMware. In commodities, oil rose to $112 per barrel. 

Posted by FOX Business Team
Breaking News

1Q GDP slightly worse

In the second revision, 1Q GDP worsened slightly with a 1.5% contraction vs. the previous 1.4%, according to the Commerce Department.

Posted by FOX Business Team
Breaking News

Broadcom-VMware's $61B deal


Broadcom is buying cloud tech company VMware for $61 billion in one of the biggest tech deals of the year.

"Building upon our proven track record of successful M&A, this transaction combines our leading semiconductor and infrastructure software businesses with an iconic pioneer and innovator in enterprise software as we reimagine what we can deliver to customers as a leading infrastructure technology company. We look forward to VMware's talented team joining Broadcom, further cultivating a shared culture of innovation and driving even greater value for our combined stakeholders, including both sets of shareholders" said Hock Tan, President and Chief Executive Officer of Broadcom.

Broadcom will also assume $8B of VMware's debt.

Posted by FOX Business Team

Stock futures choppy ahead of GDP, jobless claims

U.S. equity futures were choppy following Wednesday's Fed-fueled rally, as the latest meeting confirmed expectations of more interest rate hikes, but held no surprises to rattle investors. The major futures indexes suggest a mixed open when the Thursday trading session on Wall Street gets underway.

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Posted by Ken Martin

Gasoline remains at $4.60 per gallon

The average price for a gallon of gasoline in the U.S. was essentially unchanged at a record $4.60, according to the latest numbers from AAA. The price on Wednesday was $4.599.  The price of diesel slipped again to $5.538 from $5.544.

Posted by Ken Martin

Oil firms on tight supply

Oil prices gained Thursday morning extending a rally supported by tight supply. U.S. West Texas Intermediate crude futures climbed to $110.88 a barrel.

Brent futures rose to $114 a barrel. A bigger-than-expected drawdown in U.S. crude inventories last week supported the market on Wednesday. 

Posted by Ken Martin

Bitcoin remains around $29,000

Bitcoin was trading around $29,000 on Thursday morning. The cryptocurrency has gained in four of the past five days. In the last two days, bitcoin has gained 1.6%. For the month, bitcoin is off more than 22% and down more than 35% year-to-date. Ether is trading above $1,900.

Posted by Ken Martin

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