Jordan Fitzgerald

New York

Equities Reporter at Bloomberg News

Reporter @business; formerly in @Politico, @ToledoNews, @YaleDailyNews; views = mine; she/her

Articles

Squawk Morning Call: US Futures Struck by War, Trade Volatility

1 month ago | news.bloombergtax.com | William Maloney |Jordan Fitzgerald

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Squawk Morning Call: US Futures Struck by War, Trade Volatility

1 month ago | news.bloomberglaw.com | William Maloney |Jordan Fitzgerald

The main US stock futures are in the red as uncertainty mounts over the war in Ukraine and escalating trade tensions with the EU. S&P 500 futures managed to pare some losses to 0.2% after the release of PPI data. Russell futures are little changed. The US Treasury 10-year yield rises to 4.34%. Gold climbs, while oil falls. Bitcoin slips 0.4%. Hong Kong fell 0.6% overnight, and European markets trade mostly lower this morning. Intel surges 13.6% premarket after appointing Lip-Bu Tan as CEO.
AES Shares Sunk 11% to Form Potential Double Bottom Near $15S

Nov 1, 2024 | news.bloomberglaw.com | Jordan Fitzgerald |William Maloney

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AES Shares Sunk 11% to Form Potential Double Bottom Near $15S

Nov 1, 2024 | news.bloombergtax.com | Jordan Fitzgerald |William Maloney

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Squawk Morning Call: Technicals to Watch, Key S&P 500 Levels

Aug 13, 2024 | news.bloomberglaw.com | William Maloney |Jordan Fitzgerald

US equity futures add to gains, helped by weaker than expected PPI data. S&P 500 futures are edging higher, while Nasdaq 100 futures are up 0.9% and the US 10-year yield slips to about 3.9%. Meanwhile, gold is little changed, West Texas Intermediate falls 0.4% and Bitcoin is holding steady. Key Squawks:Starbucks Names Brian Niccol as Chairman & CEOUS July Producer Prices Rise 2.2% Y/Y; est.
Oil Posts Biggest Weekly Drop Since Early May

Jul 26, 2024 | rigzone.com | Jordan Fitzgerald |Alex Longley

Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles. West Texas Intermediate fell to settle near $77 a barrel, capping the largest weekly decline since the beginning of May. Prices have struggled recently amid selling pressure from trend-following commodity trading advisers and a wider retreat in equity markets earlier this week.
Oil Rises Tracking Equity Market Rally

Jul 25, 2024 | rigzone.com | Jordan Fitzgerald

Oil prices rose as an equity market rally carried futures prices out of an earlier slump. West Texas Intermediate settled above $78 a barrel after earlier falling to the lowest since early June. Crude is tracking equities, which have risen on faith that the Federal Reserve will secure a soft landing for the US economy.
Gasoline Prices Rise in Great Lakes After Tornado Shuts Refinery

Jul 25, 2024 | bnnbloomberg.ca | Jordan Fitzgerald

(Bloomberg) -- US drivers in the Great Lakes region are paying higher prices at the pump after a tornado took Exxon Mobil Corp.’s Joliet, Illinois, refinery offline. A tornado hit transmission lines serving the Joliet plant on July 15, forcing a plant-wide emergency shutdown. The incident has driven West Shore CBOB to a 17.5-cent premium over gasoline futures, according to General Index. That’s the biggest premium since November 2022.
Oil Falls for Fourth Day Amid Algorithmic Trading

Jul 23, 2024 | rigzone.com | Julia Fanzeres |Jordan Fitzgerald

Oil fell for a fourth straight session, the longest losing streak since early June, driven by algorithmic selling and low summer liquidity. West Texas Intermediate dropped 1.8% to settle below $77 a barrel. The decline was propelled by commodity trading advisers dumping their bullish positions after futures surpassed both the 50-day and 100-day moving averages, which have acted as support levels.
American Steel CEOs Urge US to Go Further in Mexico Trade Moves

Jul 23, 2024 | bnnbloomberg.ca | Jordan Fitzgerald

(Bloomberg) -- The US government should impose further trade restrictions against Mexico to prevent the dumping of steel products into American markets, say the top executives of two of the biggest US steelmakers. Nucor Corp. Chief Executive Officer Leon Topalian and Cleveland-Cliffs Inc.