Breaking News
Dec 21, 2022
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The U.S. current account deficit shrank 9.1% to $217.1 billion in the third quarter from a revised $238.7 billion in the second. The deficit, the smallest in a year, fell to 3.4% from 3.8% of GDP.
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Crude oil futures jumped 2.5% to $77.85 a barrel after the U.S. inventories declined 3.1 million barrels last week from the 7.8 million barrels increase in the previous week, the API reported Tuesday.
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Dutch front-month natural gas futures extended losses and dropped to one-month low and below
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Mortgage rates for standard loans with 20% down payment decreased 8 basis points to 6.34% in the week ended December 16, the MBA data showed.
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Existing home sales annual pace in November declined 7.7% to 4.09 million units from October, the NAR report showed today. Sales plunged 35.4% from a year ago and weakest since November 2010.
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European markets closed up between 1.5% and 2.0% on holiday sales and earnings improvement optimism.
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The S&P 500 and the Nasdaq Composite indexes closed up 1.5% and crude oil jumped nearly 3% to $78.30 a barrel.
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BlackBerry said fiscal third quarter revenue was flat at $169 million and net loss shrank to $4 million from $54 million and diluted loss per share fell to 9 cents from 10 cents a year ago.
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Carnival Corp said fiscal fourth quarter revenue surged three-fold to $3.8 billion and loss shrank to $1.6 billion from $2.5 billion and diluted loss per share fell to $1.27 from $2.31 a year ago.
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Nike said revenue in the fiscal second quarter increased 17% to $13.3 billion and net income was flat at $1.3 billion and diluted earnings per share increased to 85 cents from 84 cents a year ago.
