Long-term Treasury yields jumped after Bloomberg News reported that the U.S. Treasury Department would reach out to market participants on the possibility of issuing ultra-long bonds. The 30-year Treasury bond yield climbed 5.8 basis points to 2.038%. Debt prices move in the opposite direction of yields. The Treasury Department has periodically asked investors about the

Oil futures climbed Friday, tallying a gain for the week, their first in three weeks. “Today’s rise reflected some reluctance to go home short over the weekend given the uncertainties in the Persian Gulf…,” said Marshall Steeves, energy markets analyst at IHS Markit. “Overall, the market is range bound with these supply uncertainties offset by

U.S. stock indexes on Friday finished sharply higher, wrapping up a volatile week for Wall Street, marked by concerns about weakening corporate earnings and uncertainty over the health of the U.S. and global economy. The Dow Jones Industrial Average [: DJIA] closed up 307 points, or 1.2%, to 25,886, the S&P 500 index ended 1.4%

The U.S. Food and Drug Administration has approved AbbVie Inc’s Rinvoq, a JAK kinase inhibitor, to treat moderate-to-severe rheumatoid arthritis in adults for whom methotrexate hasn’t worked, AbbVie announced Friday. The pharmaceutical company said Rinvoq should be available in the U.S. later this month. “Despite the availability of multiple treatment options with varying mechanisms of

Gold futures fell on Friday, but posted a gain for the week–their third in row. “Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in the U.S., [and] uncertainty regarding U.S./China trade policy and political unrest in Hong Kong,” said Rob Haworth, senior investment strategist at

Biggest movers

Tesla Inc. will continue to have stores and even add stores, provided such stores have “high foot traffic,” Chief Executive Elon Musk said in a call with analysts after Tesla reported first-quarter results late Wednesday. Conversely, it will close stores that have low foot traffic, he said. Customers will still order vehicles online, and stores

Tesla Inc. could return to profits by the third quarter, Chief Financial Officer Zachary Kirkhorn said in a call with analysts Wednesday. Tesla made price adjustments in its vehicles in the first quarter, which put pressure on margins, which will still be seen in the second quarter, he said. Tesla is “working extremely hard and

More than half of Tesla Inc. first-quarter deliveries occurred in the last 10 days of the quarter, Chief Executive Elon Musk said in a call with analysts after the Silicon Valley car maker’s results. It was “the most difficult logistics I have ever seen, and I’ve seen some tough ones,” Musk said on the call.

Tesla Inc. is creating an insurance program and hopes to offer it in about a month, Chief Executive Elon Musk said in a conference call with analysts after the Silicon Valley car maker’s first-quarter results. The product would be “much more compelling than everything else out there,” Musk said. Musk was responding to a question