Nasdaq 100 futures slip ahead of first day of second-quarter trading: Live updates

18 minutes ago

Oil futures rise after Saudi Arabia announces production cuts

Oil futures rose sharply on Sunday evening after Saudi Arabia and other OPEC+ members announced surprise oil production cuts.

Production costs will amount to around 1.16 million and come on top of previously announced cuts, according to a report from Reuters.

Futures for the US benchmark West Texas Intermediate crude and Europe’s benchmark Brent crude rose about 7% each.

-Jesse Pound

28 minutes ago

A look back at Q1

Tech stocks and the Nasdaq were the stars of the first quarter, while banking stocks weighed on the broader market. Here are some of the notable statistics from the first three months of 2023.

Nasdaq Composite:

  • increased 16.77%
  • snapped a four-quarter losing streak
  • is still 24.61% below the record

Dow Jones Industrial Average:

  • increased by 0.38 percent.
  • is still 9.95% below the record

S&P 500:

  • increased 7.03%
  • is still 14.72% below the record

— Jesse Pound, Christopher Hayes

54 minutes ago

Futures for Nasdaq 100, S&P 500 open lower

Futures for the Nasdaq 100 and S&P 500 began trading modestly lower on Sunday night. Dow futures were flat.

-Jesse Pound

An hour ago

WWE is nearing a deal with UFC parent Endeavor, CNBC reports

Sports entertainment company WWE is close to a deal to merge with Endeavor, CNBC’s Alex Sherman reported Sunday.

The deal would value WWE at more than $9 billion and give Endeavor shareholders 51% of the combined company, sources told Sherman. Endeavor is the parent company of the UFC martial arts league.

WWE has been on the sales block following a series of scandals involving Vince McMahon, its longtime CEO. The stock is up 33% so far this year.

The deal could be announced as soon as Monday.

-Jesse Pound

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