The United States Oil ETF (USO) gained 2.37% as the price per barrel closed at $60.40 on May 5, the first time crude oil has crossed the $60-per-barrel mark this year.
The increase in cybersecurity threats has persuaded governments and businesses to ramp up their security budgets. This is a key factor in FireEye’s increased year-over-year revenue in 1Q15.
June natural gas futures trading in NYMEX declined by 1.45% on Tuesday—led by mild weather estimates. Gas prices settled at $2.78 per MMBtu on May 5.
The EEI’s current report is for the week ending April 24. Electricity generation in the US dropped to 68.2 million MWh during the week ending April 24.
There’s a slight downward trend in the weekly growth in deposits for all US commercial banks. A low-rate environment makes holding liquidity as deposits a relatively inexpensive option.
The API released the crude oil inventory report on May 5. The data showed that the US crude oil stockpile dropped by 1.5 MMbbls for the week ending May 1.
As the dollar weakened, crude prices reached fresh highs the next day, capping the month at $59.63 for WTI, and $66.78 for Brent on Thursday.
XLK is the most liquid ETF in the technology sector with over 8 million shares traded per day. This ETF tracks the performance of 74 publicly listed companies in the technology sector.
T-Mobile (TMUS) reported its results for 1Q15 on April 28, 2015. Its 1Q15 revenue of ~$7.8 billion was ~0.8% above Wall Street analysts’ consensus estimates.
Gold June futures contracts trading in COMEX rose by 0.54% and settled at $1,193.20 per ounce on May 5. Prices gained as the US Dollar Index depreciated.
Yields, especially on Treasuries, rose after their safe-haven appeal was reduced due to an improvement in the outlook of the European economy.
Legg Mason managed to beat Wall Street analysts’ adjusted EPS (earnings per share) estimates of $0.67 with a posted adjusted EPS of $1.03.
Petrobras ADRs were on a winning streak over the last few weeks before finally taking a breather in the week to May 1. They lost 4.5% after rising 13.7% in the week before.
Cliffs Natural Resources (CLF) announced its 1Q15 earnings on April 28. Its earnings beat market expectations. Cliffs reported an EPS of $0.02.
The US Department of Commerce’s factory orders report recorded a 2.1% gain in March, against the 0.1% drop in February.
Barrick Gold Corporation is the world’s largest gold producer. It produces and sells gold as well as significant amounts of copper.
Corporate earnings dominated the headlines in the week ended May 1, with dull earnings and a decline in consumer confidence at its lowest in four months.
Treasury yields trended mixed in the week ending May 1. The benchmark 10-year Treasury note yield rose by 19 basis points week-over-week, ending at 2.12%.
Facebook is reportedly offering a better ad revenue sharing model to publishers. It may let them keep all the revenue from certain ads on Facebook’s platform.
NYMEX-traded June natural gas futures increased by 1.62% on Monday—led by the consensus of warm weather estimates. Prices rose for the fifth consecutive day.