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The SONAR National Truckload Index (NTI) has reached levels not seen in nearly two years, surging from $2.38 per mile to $2.52. The last time truckload spot rates were this high was on Jan. 23, 2023. The post Truckload dry-van market continues to experience strong response to peak season appeared first on FreightWaves.

U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains. Chip stocks were mixed, with Broadcom rival Marvell Technology rising 10.8%, while AI bellwether Nvidia closed 2.2% lower. Yields on U.S. Treasuries rose across the board, with ones on the benchmark 10-year bond hitting a three-week high.

(Bloomberg) -- Brazil markets fell on Friday, capping a turbulent week for Latin America’s largest economy that saw its currency post some of the sharpest gains — and some of the sharpest losses — among global peers in the aftermath of an outsize interest rate hike and President Luiz Inacio Lula da Silva’s sudden health crisis.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate Headquar

Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday.

(Bloomberg) -- This year’s frontrunners, big technology stocks, set a record while Treasuries sank as investors braced for a slowdown in the pace of the Federal Reserve’s interest-rate cuts ahead of a meeting next week.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsThe Nasdaq 100 climbed for the fourth week

(Bloomberg) -- The United Arab Emirates, a key member of OPEC+, will reduce oil shipments early next year as the alliance seeks stronger discipline in meeting production targets to shore up prices.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsAbu Dhabi National Oil Co., known Adnoc, has cut the allocation o

U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming meeting, amid signs of a moderating labor market and cooling inflation. They acquired a net $6.36 billion worth of U.S equity funds during the week, after a net $8.82 billion worth of additions in the previous week per LSEG Lipper data. Futures markets predict a 96.7% chance that the U.S. Federal Reserve would reduce rates by a quarter-point at its Dec. 17-18 meeting to support a cooling labor market with about 4.2% unemployment rate in November.