Last Update

Stocks choppy, Facebook’s Sandberg resigns, job openings near record: LIVE Updates

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


incoming update…

Coverage for this event has ended.

Breaking News

Stocks slide, 10-Year Treasury rises to 2.93%


All three of the major U.S. averages gave up early gains to close lower across the board led by the Nasdaq Composite and S&P 500 as bond yields rose with the 10-Year Treasury yield hitting the highest since May 2022. Salesforce shares were the exception notching a gain of nearly 10% after lifting its outlook for 2Q. In commodities, oil rose to $115.26 per barrel. 

Posted by FOX Business Team
Breaking News

Facebook COO Sheryl Sanberg is leaving the social media giant after 14 years, she announced on her page, in which she thanked founder and CEO Mark Zuckerberg for hiring her in this excerpt of the full post.

"When I was considering joining Facebook, my late husband, Dave, counseled me not to jump in and immediately try to resolve every substantive issue with Mark, as we would face so many over time. Instead, I should set up the right process with him. So, on the way in, I asked Mark for three things – that we would sit next to each other, that he would meet with me one-on-one every week, and that in those meetings he would give me honest feedback when he thought I messed something up. Mark said yes to all three but added that the feedback would have to be mutual. To this day, he has kept those promises. We still sit together (OK, not through COVID), meet one-on-one every week, and the feedback is immediate and real.Sitting by Mark’s side for these 14 years has been the honor and privilege of a lifetime. Mark is a true visionary and a caring leader. He sometimes says that we grew up together, and we have. He was just 23 and I was already 38 when we met, but together we have been through the massive ups and downs of running this company, as well as his marriage to the magnificent Priscilla, the sorrow of their miscarriages and the joy of their childbirths, the sudden loss of Dave, my engagement to Tom, and so much more. In the critical moments of my life, in the highest highs and in the depths of true lows, I have never had to turn to Mark, because he was already there.

Meta Platforms Inc.

Posted by FOX Business Team
Developing Story

Dow laggards


The Dow Jones Industrial turned lower mid-morning weighted down by Boeing, 3M and Goldman Sachs.

Posted by FOX Business Team

Salesforce jumps on positive outlook

Salesforce Inc.

Shares of Salesforce got a boost after forecasting a 21% annual jump in second quarter revenue to earn between $7.69 billion - $7.7 billon.

On pace for largest percent increase since August 26, 2020, when it rose 26.04% as tracked by Dow Jones Market Data Group.

“There is no greater measure of our resilience and the momentum in our business than the $42 billion we have in remaining performance obligation, representing all future revenue under contract. While delivering incredible growth at scale, we’re committed to consistent margin expansion and cash flow growth as part of our long-term plan to drive both top and bottom line performance" said CEO Marc Benioff.

Posted by FOX Business Team
Breaking News

Stocks rebound, Salesforce jumps on forecast

I:COMP$12,204.88 +123.49+1.02%

U.S. stocks rose across the board as investors took in positive forecasts from both Salesforce and Delta. Investors are also awaiting the latest read on job openings via the JOLTS report due at 10am ET. In commodities, oil rose to $117 per barrel.  

Posted by FOX Business Team
Breaking News

Delta boosts outlook as demand returns

Delta Air Lines Inc.

Delta Airlines says revenue is returning to pre-pandemic levels.

"June quarter 2022 results with adjusted total revenue fully restored to 2019, a 13 to 14% operating margin, ~$1.5 billion of free cash flow and adjusted net debt below $20 billion" the company disclosed in a financial update.

"Total unit revenues are expected to be 7 to 8 points better than initially expected on capacity that is 1 to 2 points lower than planned. Unit revenue improvement is being driven by broad-based demand and pricing strength across consumer, business and international travel, with improvement through the quarter" it added.

Posted by FOX Business Team

Futures at a glance

Dow Jones Industrial Average futures are up more than 100 points on Wednesday, while Nasdaq and S&P 500 futures are flat.

Meanwhile, oil prices are higher. West Texas Intermediate futures traded at around $116 a barrel and Brent crude futures traded at about $117 per barrel.

Posted by FOX Business Team

Stock futures trade mixed to start the new month

U.S. equity futures traded mixed as the new month begins after ending May on a down note. Traders will be watching for the ADP report on private hiring, ISM manufacturing and job openings.

Continue reading

Posted by Ken Martin

Gasoline continues record run

The average price for a gallon of gasoline  in the U.S. rose to a record on Wednesday, jumping 5 cents to $4.67, according to the latest numbers from AAA. The price on Tuesday was $4.62.  The price of diesel increased to $5.538 from $5.521.

Posted by Ken Martin

Oil rises on Russia ban as China lifts COVID-19 lockdown

Oil prices gained Wednesday morning after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.

U.S. West Texas Intermediate (WTI) crude traded around $116 a barrel. Brent crude traded around $117 a barrel. Both benchmarks ended May higher, marking the sixth straight month of rising prices.

Data from the U.S. government on stockpiles was expected on Thursday.

Posted by Ken Martin

Bitcoin snaps four-day winning streak

Bitcoin traded around $31,000 Wednesday as a winning streak ended. Over the prior four-days, the cryptocurrency gained 10.5%. Bitcoin finished May down more than 17% and off more than 31% year-to-date. Ether traded around $1,900. Dogecoin remained around 8 cents.

Posted by Ken Martin

Live Coverage begins here