Stocks drop on rising oil prices and a weak job market [Los Angeles Times (CA)]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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Source: Los Angeles Times
The S&P 500 dropped 1.3% after a report showed U.S. employers cut more jobs last month than they created and after oil prices spiked above $90 per barrel. The combination of a weak economy and high inflation is a worst-case scenario for investors because the Federal Reserve has no good tool to fix both problems at the same time. The Dow Jones Industrial Average plunged as many as 945 points before finishing with a loss of 453, or 0.9%, and the Nasdaq composite sank 1.6%. “You can't sugarcoat this report,” according to Brian Jacobsen, chief economic strategist at Annex Wealth Management. “A negative payrolls number combined with a big jump in oil prices will have traders worrying about stagflation risks.” Stagflation is what economists call the miserable mix of a stagnating economy with high inflation, and a separate report released Friday added to the sourness after showing that U.S. retailers made less money in January than economists expected. It raised the disconcerting poss
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News
- Oil surges to its highest price since 2023, and stocks drop after a weak update on the US job market [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Stocks fall after oil prices spike near a 2-year high and reports suggest a slowing US economy [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Dow drops 800 after the US job market weakens and oil prices jump to the highest since 2024 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Old Dominion Freight Line (ODFL) had its "hold" rating reaffirmed by Benchmark Co..MarketBeat
- Old Dominion ‘encouraged' as declines moderate in February [Yahoo! Finance]Yahoo! Finance
ODFL
Earnings
- 2/4/26 - Beat
ODFL
Sec Filings
- 3/3/26 - Form 8-K
- 2/27/26 - Form 4
- 2/26/26 - Form 144
- ODFL's page on the SEC website