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STATE JOBLESS RATE DROPS

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HAGBOM CHOSEN MANAGER

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SHIELDS ATTENDS WORKSHOP

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  • No rest for the Street after a tough January
    Equities took a hit in January, while bond yields and the U.S. dollar jumped. As February kicks off, there will be a slew of corporate earnings and economic data for traders to parse through.
  • U.S. stocks stumble 3% in tumultuous January
    Stocks declined Friday, with equities on track for January losses, after the government reported economic growth slowed sharply in the fourth quarter.
  • U.S. oil spikes 8%, traders eye month-end short covering
    Oil prices rocketed more than 8 percent higher on Friday, their biggest one-day gain in two and a half years, after data showed U.S. drillers were slamming the brakes on the shale drilling boom. In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53 (35 pounds) per barrel, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94 - or 7 percent - this week. Two weeks of relatively stable oil prices have helped shift sentiment after months of decline, setting the stage for the violent rebound on Friday afternoon. With drillers having idled about 24 percent of their oil drilling rigs since the summer, some traders may be betting that an anticipated slowdown in U.S. oil production is nearer than expected.

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