Thanksgiving travel rush is back. More on Donald Trump’s tax records legal fight. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
U.S. equity futures traded slightly higher Wednesday morning, the day after a broad rally.Oil prices were steady on Wednesday as concerns about lower demand from China due to COVID-19 curbs offset data showing a larger-than-expected U.S. crude draw last week.Brent crude futures traded around $87.00.Best Buy soared 12.8% after the consumer electronics chain did better than analysts expected and said a decline in sales for the year will not be as bad as it had projected earlier.
Nordstrom shares are down 9% in premarket trading after the retailer trimmed its annual profit forecast. On Tuesday, the S&P 500 rose 1.4% to 4,003.58 and the Dow Jones Industrial Average added 1.2% to 34,098.10. The tech-heavy Nasdaq composite added 1.4% to 11,174.41.FTX founder Sam Bankman-Fried Those who have looked under the hood in the wake of the crash, including new FTX CEO John J. Ray III, have expressed dismay at the company's lack of basic bookkeeping and compliance protocols, sparking questions over how Bankman-Fried was able to build such an enormous, unchecked operation that bought him incredible influence and political power.
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