Wall Street points higher as earnings roll out ahead of new jobs data
BNN Bloomberg
Wall Street pointed toward gains before the opening bell Thursday as markets take in more corporate earnings reports ahead of the latest labor market data.
Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all gained 0.3 per cent before markets opened.
McDonald’s shares are up slightly following its earnings release late Wednesday. The fast-food giant beat fourth-quarter revenue and profit projections, crediting the re-launch of its Extra Value Meal.
Shares of Rollins, the pest control company behind Orkin, tumbled 13 per cent after it missed Wall Street’s fourth-quarter sales and profit targets.
The U.S. will post weekly jobless claims Thursday, a stand-in for layoffs.
On Wednesday, the Labor Department reported that U.S. employers added 130,000 jobs to their payrolls in January, more than economists had forecast.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
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U.S. stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.
Pinterest CEO Bill Ready called on world leaders to ban social media for youth under 16 in a LinkedIn post on Friday.
Wall Street is stumbling toward the finish line of a fourth straight losing week on Friday, but an ease in oil prices is taking some of the pressure off stock markets worldwide.
FedEx shares surged about 10 per cent before the bell on Friday, after the package-delivery giant raised its full-year profit forecast and signaled steady shipping demand despite geopolitical tensions and surging fuel costs.
Wall Street is stumbling toward the finish line of a fourth straight losing week, but an ease in oil prices is taking some of the pressure off stock markets worldwide.
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Oil prices steadied on Friday on the intensifying Iran war to around US$110 a barrel, while global shares were mixed following Wall Street losses.
With energy markets reeling due to the U.S.-Israel war on Iran, there are calls for British Columbia to ramp up its production of liquefied natural gas.