These are the stocks posting the largest moves before the bell.Market Insiderread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
U.S. stock futures are under pressure Monday as oil prices spike higher after Saturday's coordinated strikes on key Saudi oil interests.Marketsread more
In the past few weeks, the S&P 500 has waged a 6% rally, pulling within 1% of its late-July record high by Friday's close.Trading Nationread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The dollar hit a session low on Tuesday after comments on the economy from Federal Reserve Chairman Jerome Powell.
In prepared testimony released in advance of a hearing before the U.S. Senate Banking Committee, Powell said the Fed will remain "patient" in deciding on further interest rate hikes, reaffirming the policy shift made by the U.S. central bank in January.
This the first of Powell's two-day appearance before the U.S. Congress.
"Powell wasn't more dovish than what we saw in January, but he's certainly less hawkish than he was last year," said Erik Nelson, currency strategist, at Wells Fargo Securities. "The thing is, the market has already priced in this seismic shift from the Fed toward a more neutral or more data-dependent stance."
Money markets have ruled out any more rate hikes for the remainder of the year with an 80 percent probability of a rate cut by January 2020. The dollar overall also benefited from a jump in the U.S. consumer confidence index for February to 131.4, from a revised 121.7 reading in January.
Jim O'Sullivan, chief U.S. economist at High Frequency Economics said the rebound in confidence was "likely helped by the end to the shutdown and the rebound in equities." "The report continues to signal a fairly healthy labor market," he added.
In afternoon trading, the dollar index, a measure of its value against a basket of other currencies, fell 0.25 percent at 96.18.
Against the , however, the dollar was down 0.3 percent versus the yen at 110.73.
Improving risk appetite was more evident in the British pound after media reports said Prime Minister Theresa May was considering delaying the March 29 deadline for the UK's exit from the European Union. "With political risk, if you can delay it or remove the prospect of a no-deal Brexit, it will always be met with optimism and a rally in the currency," said Wells Fargo's Nelson. The pound was last up 1.12 percent on the day at $1.342 .