Tech Stocks Lead Rally; Nasdaq Rises 3.1%

Technology shares climbed as investors cheered earnings from Meta Platforms. 


 
One of Cathie Wood's Top Stock Picks Just Plunged 40%

Cathie Wood's ARK Investment Management is the largest shareholder in Teladoc Health, which suffered its worst trading day on record Thursday after slashing its financial outlook. 


 
Natural-Gas Producers: In Thin Air

Geopolitical risks are pushing natural-gas prices, and producer stocks, to the stratosphere. 


 
U.S. Economy Shrank in First Quarter

The U.S. economy shrank at a 1.4% annual rate in the first quarter, the Commerce Department said Thursday, its first contraction since early in the pandemic. 


 
Dollar Surges Amid Investor Jitters, Rising Yields

The U.S. currency reached multiyear highs against the euro, the pound and the yen, as worries about market volatility sent investors flocking to the asset perceived as a haven. 


 
German Inflation Hits 40-Year High

Germany's annual rate of inflation hit 7.4% in April, topping both the March reading and analysts' expectations, and marking the highest rate since fall 1981, preliminary data from German statistics office Destatis showed. 


 
Germany Drops Opposition to Embargo on Russian Oil

Germany-which had been one of the main opponents of sanctioning the European Union's oil and gas trade with Moscow-is now ready to stop buying Russian oil, clearing the way for an EU ban on crude imports from Russia, government officials said. 


 
Jobless Claims Fell Last Week Amid Tight Labor Market

New applications for U.S. unemployment benefits decreased to 180,000 as employers held on to their workers in a tight labor market. 


 
Companies Look to Diversify Their Pension Investments as Funding Levels Soar

More plan sponsors are considering adding high-quality private credit to their portfolios, advisers and asset managers say. 


 
Iran Ramps Up Oil Exports as China Pulls Back on Russian Crude

Iran's growing oil exports illustrate how the invasion of Ukraine is redrawing the world's energy trade routes, as energy consumers look for alternatives to Russian oil and gas to avoid Western sanctions.


(END) Dow Jones Newswires

04-28-22 2115ET