Gary Kartbaum, President of Cultbaum Capital Management, is considering the housing market and the potential for a recession.
U.S. stock futures Trading high on Friday morning, the stock showed a further rise after recording a two-day skid.
Key futures indices suggest a 0.2% rise at the start of the Wall Street session.
Click here to get your FOX business on the go
Investors are considering the latest updates from the US Federal Reserve Amid concerns about rising inflation. The Federal Reserve has shown that it is ready to continue raising interest rates and reduce its stockpile of bonds and mortgage-backed securities to curb the highest inflation in 40 years.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. (Reuters / Brendan MacDermid / Reuters photo)
Traded oil prices A planned release of 240 million barrels from emergency inventory was announced Friday morning, offsetting concerns that Western sanctions had reduced supply from Russia.
A photo of an oil drill at the Kern River oil field in Bakersfield, California.Reuters / Jonathan Archon
Crude oil futures on West Texas Intermediate (WTI) rose $ 1.27 (1.3%) to $ 97.27 a barrel.
Brent futures added $ 1.08, or 1.1%, to $ 101.66 a barrel.
Russia invades Ukraine: Live Update
Overall, oil was set to fall by about 3% in a week.
Parliament overwhelmingly voted on Thursday to suspend normal trade relations with Russia and ban its oil imports.
Bitcoin traded for about $ 43,000.
In Asia, Japan’s benchmark Nikkei 225 rose 0.4%, Hong Kong’s Hang Seng Index rose 0.3%, and China’s Shanghai Composite Index rose 0.5%.
| Ticker | safety | last | Change | change % |
|---|---|---|---|---|
| I: DJI | Dow Jones Industrial Average | 34583.57 | +87.06 | + 0.25% |
| SP500 | S & P 500 | 4500.21 | + 19.06 | + 0.43% |
| I: COMP | Nasdaq Composite Index | 13897.300013 | +8.48 | + 0.06% |
On Wall Street, a late afternoon rebound was led by a tech company. The S & P 500 rose 0.4% to 4,500.21. The Benchmark Index is keeping pace with its weekly losses for the first time in four weeks.
The Dow Jones Industrial Average rose 0.3% to 34,583.57. The Nasdaq Composite Index was 13,897.30, up 0.1%.
Telecommunications services stocks were one of the largest weights on the market. Twitter was down 5.4%. Computer and printer maker HP surged 14.8% for the maximum profit of the S & P 500 after Warren Buffett’s Berkshire Hathaway disclosed an 11% stake in the company.
Yields on 10-year Treasuries rose from 2.61% late Wednesday to 2.65%.
Click here for more information on FOX BUSINESS
Investors received promising updates on Thursday’s job market. The U.S. Department of Labor reported that few Americans applied for unemployment benefits last week because layoffs have historically remained low.
The Associated Press contributed to this report.
