Latest Gasoline markets News

Asian shares gain, tracking Wall Street advance

Jun. 24, 2022 00:36 AM EDT

BANGKOK (AP) — Shares were higher in Asia on Friday, tracking gains on Wall Street, where the market is headed for its first weekly gain after three weeks of punishing losses. Tokyo's Nikkei 225 index added 0.9% to 26,411.64 and the Kospi in Seoul jumped 1.8% to 2,356.38. Hong...

Alabama state pension funds down, facing challenges

Jun. 19, 2022 01:07 AM EDT

MONTGOMERY, Ala. (AP) — Investments that are a key source of funding for Alabama’s Employees Retirement System have lost ground in the slumping financial markets this year, but officials say the pension fund is sound. The system's Board of Control heard a presentation on the...

Asian benchmarks decline after bear market hits Wall Street

Jun. 13, 2022 23:38 PM EDT

TOKYO (AP) — Asian shares fell across the board Tuesday after Wall Street tumbled into a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time. Benchmarks fell in Japan, Australia, South...

Stocks dive to another losing week as inflation worsens

Jun. 10, 2022 16:38 PM EDT

NEW YORK (AP) — Wall Street’s shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday. The S&P 500 sank 2.9% to lock in its ninth losing week in the last 10, and tumbling bond prices sent Treasury yields to their...

Asian shares mixed after rate jitters tumble on Wall Street

Jun. 10, 2022 00:50 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will double down on battling inflation with interest rate hikes. Tokyo's Nikkei 225 index lost 1.3% to 27,881.78 while the Kospi...

Stocks sink as Wall Street eyes downside of solid jobs data

Jun. 03, 2022 16:38 PM EDT

NEW YORK (AP) — U.S. stocks fell broadly Friday and pulled major indexes into the red for the week as Wall Street focused on the downside of the still-strong U.S. jobs market. A report showed employers hired more workers last month than economists expected. While that’s a good...

Asian shares rise, China trading closed for national holiday

Jun. 02, 2022 23:52 PM EDT

TOKYO (AP) — Asian shares rose Friday amid mixed signs for investors such as rising energy prices and COVID-19 restrictions easing in China. Trading was closed in China for the Dragon Boat Festival, a national holiday. Benchmarks in the rest of the region edged higher, cheered by a...

Slumping technology stocks pull Wall Street lower

May. 24, 2022 10:35 AM EDT

NEW YORK (AP) — Stocks fell in morning trading on Wall Street Tuesday, weighed down by a big decline in tech heavyweights over concerns about persistently rising inflation's impact to their bottom lines. The S&P 500 index fell 2.1% as of 10:14 a.m. Eastern. The Dow Jones...

Asian shares mixed after Wall St barely misses bear market

May. 22, 2022 23:22 PM EDT

Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday. Tokyo and Sydney were higher Monday while Hong Kong and Shanghai declined. Investors were awaiting minutes from the latest policy setting meeting of the...

Final-hour rally yanks Wall Street from maw of bear market

May. 20, 2022 21:57 PM EDT

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much...