| STOCKS END THE WEEK HIGHER: Here's what you need to know | |
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(Flickr/wplynn)
Stocks surged to the best levels of the day in the final minutes of trading on Friday to end the four-day week in the green. It was the best week for the S&P 500 since mid-July.
First, the scoreboard:
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Dow: 16,433.09, +102.69, (0.63%)
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S&P 500: 1,961.05, +8.76, (0.45%)
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Nasdaq: 4,822.34, +26.09, (0.54%)
And now, the top stories on Friday:
- Goldman Sachs' Jeffrey Currie has a new call for oil: $20 per barrel. "The oil market is even more oversupplied than we had expected and we now forecast this surplus to persist in 2016," he wrote in a note Friday. Currie says US and other non-OPEC producers would essentially have to go out of business for the expected supply glut to diminish. Crude oil futures fell, with West Texas Intermediate crude dropping by as much as 3% to around $44.17.
- The US oil rig count fell for a second straight week. According to driller Baker Hughes, producers idled 10 rigs this week, bringing the total to 652. Last week's drop by 13 was the biggest in three months. The combined count of oil and gas rigs fell 16 to 848. Earlier this week, the monthly rig count report showed that the average total rig count for August was 883, up 17 from July.
- In economic data, producer prices were flat in August. The Producer Price Index (PPI) for final demand was 0% month-on-month, and -0.8% year-on-year. Excluding food and energy costs, PPI rose 0.3% month-on-month and 0.9% year-over-year. "In one line: Third straight outsized core gain, but probably not a serious shift in the trend," wrote Pantheon Macroeconomics' Ian Shepherdson in a client note.
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And, the University of Michigan's preliminary reading of consumer confidence in September slipped to 85.7 from 91.9 in August, reflecting concern about the economy following last month's stock market drop.
- Avon Products shares tumbled more than 15% to the lowest level in 25 years. The Wall Street Journal yesterday reported that the company is in the process of selling a stake to private equity firms, including through an auction for a private investment in public equity, or PIPE. In Q2, the beauty-products company reported that its revenues fell 17% year-on-year to $1.8 billion. Its North American revenues also shrank.
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Dajin Resources Corp.
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CODE : DJI.V |
ISIN : CA2340671064 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Dajin Res. est une société basée au Canada. Dajin Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ADDIE 1, ADDIE 2 et COWTRAIL au Canada. Dajin Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 103,0 millions CA$ (82,4 millions US$, 73,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 15 mai 2020 à 0,02 CA$, et son plus haut niveau récent le 03 décembre 2021 à 1,13 CA$. Dajin Res. possède 137 360 000 actions en circulation. |