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  • 02/23/2018 07:38:14

    Dow jumps 150 points as stock market tries to end choppy week on a high note

    The Dow Jones Industrial Average opened higher on Friday as the stock benchmarks attempted to shake off concerns about rising bond yields and inflation to finish the week on an uptrend. The Dow was up about 150 points, or 0.6%, at 25,103, while the S&P 500 index was up 0.5% at 2,717. The Nasdaq Composite Index rose 0.6% at 7,253. For the shortened-holiday week, the Dow and the S&P 500 were on pace for weekly drops of 0.2%, while the Nasdaq Composite, which booked its fourth daily decline in a row on Thursday, marking its longest skid since November of 2016, was still set for a weekly gain of about 0.3%. Looking ahead, markets were awaiting a release from a report on monetary policy at 11 a.m. Eastern from the Federal Reserve, which comes ahead of Jerome Powell's inaugural testimony before congress as Fed boss next week. In corporate news, Shares of Blue Buffalo Pet Products Inc. soared after General Mills Inc. said it planned on buying the pet-products company in an $8 billion deal. Weekly moves for equities have been market by continued volatility as investors fret about rising borrowing costs and worries that resurgent inflation may prompt the Fed to hike interest rates at a quickened pace. On Wednesday, following minutes from the central bank's policy committee gathering in January, which suggested that rate hikes were on the horizon, the yield of the benchmark 10-year Treasury note rose to a fresh four-year peak at 2.956%, prompting a selloff in stocks. However bond yields, which move in the opposite direction of prices, have since moderated. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/22/2018 14:27:43

    The Nasdaq just logged its longest losing skid in more than a year

    The technology-focused Nasdaq on Thursday marked its longest stretch of closes in negative territory since November of 2016, according to FactSet data. The Nasdaq Composite Index which had been trading in the green for most of Thursday's session, finished off 0.1% at 7,210, notching its fourth straight decline. That represents the index's longest skid since the nine-session period ended Nov. 4, 2016, just before President Donald Trump was elected. The Nasdaq is often viewed as a proxy for risk appetite on Wall Street. Meanwhile, the Dow Jones Industrial Average ended the session up more than 160 points, or 0.7%, at 24,902, while the S&P 500 index ended the day up 0.1% at 2,703. All three benchmarks suffered losses on Wednesday after minutes from the Federal Reserve, which hinted at rising borrowing costs ahead in 2018, sparked a rise in the benchmark 10-year Treasury note yield to a fresh four-year peak above 2.95%. Rising yields can weigh on demand for riskier stocks, but bonds rates moderated on Thursday and the dollar also softened. Equity gauges are attempting to recover from a rout early in the month that pushed the previously highflying Dow, S&P 500 and Nasdaq in to correction territory, defined as a decline from a recent peak of at least 10%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/21/2018 23:01:30

    Dow futures drop as Fed minutes rattle investors

    U.S. stock futures hinted at a weaker start for Wall Street on Thursday, as the market continued to digest the minutes of the January Federal Reserve meeting. Dow futures fell 114 points, or 0.5%, to 24,667, while S&P 500 futures dropped 7.7 points, or 0.3%, to 2,691. Nasdaq-100 futures slid 31.25 points, or 0.5%, to 6,728.50. The Dow Jones Industrial Average surrendered a 300-point gain on Wednesday to finish down 166.97 points, or 0.7%, to 24,797.78. The S&P 500 fell 0.6% and the Nasdaq Composite dropped 0.2%. Losses came as the Fed minutes pointing to the "increased likelihood" of more interest-rate hikes to come triggered fresh volatility, with the yield on the 10-year Treasury note hitting a fresh four-year high of 2.95%. The yield was hovering at 2.94% on Thursday. Dollar gains also weighed on stocks, though the ICE Dollar Index greenback gave up some of those gains on Thursday, up 0.1% to 90.114. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/09/2018 12:42:42

    S&P 500 falls below closely watched long-term average but rebounds along with Dow

    The Dow Jones Industrial Average and the broader market tested fresh lows on Friday, a day after the blue-chip index gave up 1,033 puts, marking its second-worst point decline in history and entering into correction territory. An intraday reversal on Friday, which had taken the Dow down by more than 500 points at its lows, at 23,360, could push the blue-chip gauge closer to its 200-day moving average at 22,792.41, according to FactSet data. Moving averages are watched by technical analysts to determine the short-term and long-term momentum in an asset. Breaching such a level for the Dow would help to confirm that a lengthy uptrend for the blue-chip gauge is near an end. Meanwhile, the S&P 500 index was recently trading up 0.3% at 2,590, but briefly breached its 200-day moving average at 2,538.95, falling to a session low at 2,532.73. The Nasdaq Composite index , meanwhile, was up 0.4% at 6,806, just above its long-term average at 6,556.41. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/09/2018 10:46:31

    Dow, S&P 500 perilously close to falling below closely watched long-term averages

    The Dow Jones Industrial Average and the broader market appeared to be testing fresh lows on Friday, a day after the blue-chip index gave up 1,033 puts, marking its second-worst point decline in history and entering into correction territory. An intraday reversal on Friday, which had taken the Dow down by more than 380 points at its lows, or 1.6%, at 23,480, could push the blue-chip gauge closer to its 200-day moving average at 22,792.41, according to FactSet data. At present levels, the Dow would need to fall another 690 points, at least. Moving averages are watched by technical analysts to determine the short-term and long-term momentum in an asset. Breaching such a level for the Dow would help to confirm that a lengthy uptrend for the blue-chip gauge is near an end. Meanwhile, the S&P 500 index was off 1.4% at 2,544, just about 6 points short of its 200-day MA at 2,538.95. The Nasdaq Composite index was down 1.9% at 6,647, just above its long-term average at 6,556.41. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/09/2018 10:22:55

    Dow, S&P 500 perilously close to falling below closely watched long-term averages

    The Dow Jones Industrial Average and the broader market appeared to be testing fresh lows on Friday, a day after the blue-chip index gave up 1,033 puts, marking its second-worst point decline in history and entering into correction territory. An intraday reversal on Friday, which had taken the Dow down by more than 300 points at its lows, or 1.4%, at 23,506, could push the blue-chip gauge closer to its 200-day moving average at 22,792.41, according to FactSet data. At present levels, the Dow would need to fall another 740 points, at least. Moving averages are watched by technical analysts to determine the short-term and long-term momentum in an asset. Breaching such a level for the Dow would help to confirm that a lengthy uptrend for the blue-chip gauge is near an end. Meanwhile, the S&P 500 index was off 1% at 2,555, just about 20 points short of its 200-day MA at 2,538.95. The Nasdaq Composite index was down 1.1% at 6,701, just above its long-term average at 6,556.41. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/08/2018 06:02:40

    Twitter stock jumps after results; analyst calls earnings 'major step in the right direction'

    Shares of Twitter Inc. have soared 22% in premarket trading Thursday after the company delivered better-than-expected financial results and reported its first-ever quarter of GAAP profitability. "This quarter was a major step in the right direction that shows the monetization and ad growth machine at Twitter is finally heading in the right direction after years of a 'one step forward two steps back' strategy," GBH Insights analyst Daniel Ives wrote. "Overall, 4Q was a breath of fresh air for investors that have patiently awaited for this turnaround story to manifest after years of pain and it looks like the Twitter growth train is back on track." Ives believes that Twitter can benefit in the immediate term from changes that Facebook Inc. is making to its news feed, as these tweaks might be prompting publishers and advertisers to more seriously consider Twitter's platform. While he's more upbeat following the results, Ives kept his neutral rating on shares and noted that "clear execution/competitive challenges remain" for the company. Shares are up 44% in the past 12 months, compared with a 17% gain for the S&P 500 Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/07/2018 14:01:45

    China ETFs suffer their biggest one-day drop since June 2016

    Two widely used exchange-traded funds that track China's equity market tumbled on Wednesday as liquidity concerns over the country's stock market continued to grow. The iShares China Large-Cap ETF fell 4.6% on heavy volume. More than 43 million shares traded hands, significantly higher than the fund's 18.5 million 30-day average, according to FactSet data. Another fund, the broader iShares MSCI China ETF , which doesn't limit its holdings to large-capitalization stocks, fell 3.8%. Roughly 3.8 million shares traded, compared with its 30-day average of 2.5 million. For both funds, the day's losses represented their biggest one-day percentage decline since June 2016, when equities around the world sold off in the wake of the United Kingdom's vote to leave the European Union. Despite the losses on the day, the large-cap fund remains up 4.8% thus far this year, while the broader ETF is up 2.6%. The losses came after China's central bank took no action in money markets for a 10th straight day Wednesday. The lack of fresh funds usually forces highly leveraged funds to sell stocks to stay within regulatory limits on liquidity, analysts said. Similarly, the iShares MSCI Hong Kong ETF fell 2.2% on Wednesday and turned lower for the year. The S&P 500 fell 0.5% on Wednesday and is up 0.7% on the year. The Dow Jones Industrial Average dipped 0.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/07/2018 12:37:51

    Oil prices log lowest settlement in 4 weeks

    Oil prices dropped Wednesday, with the U.S. benchmark marking its lowest settlement in about a month. The Energy Information Administration reported a second-straight weekly increase in U.S. crude stockpiles and data from the agency showed weekly domestic crude production topped 10 million barrels a day to reach a fresh record. March West Texas Intermediate crude fell $1.60, or 2.5%, to settle at $61.79 a barrel on the New York Mercantile Exchange. That was the lowest finish since Jan. 8, according to FactSet data.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/05/2018 01:13:03

    U.S. stocks set up for selloff; Dow futures down 140 pts

    U.S. stock futures fell on Monday, pointing to a fresh bout of selling for Wall Street. Dow Jones Industrial Average futures fell 141 points, or 0.6% to, 25,290, while S&P 500 futures dropped 9 points, or 0.3%, to 2,747.75. Nasdaq-100 futures dipped 11.75 points to 6,742.50. Rising bond yields looked set to continue haunting investors, with the yield on the 10-year U.S. Treasury note pushing up to 2.861% on Monday, and global equities under pressure. On Friday, the yield rose to a four-year high above 2.83% after January jobs data revealed wage growth expanded at the fastest rate clip in more than eight years. That led to sharp losses for U.S. stocks -- the S&P 500 index suffered its biggest one-day drop since September 2016. Futures indicated European stocks will open lower, while Asian markets had a mostly downbeat day, with the Nikkei 225 index dropping 2.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/31/2018 22:23:36

    UPDATE 1-Two U.S. lawmakers voice concerns over Philip Morris tobacco trials

    WASHINGTON, Jan 31 (Reuters) - Two Democratic U.S. senators said they have fresh concerns over clinical trials conducted by Philip Morris International Inc as it seeks U.S. clearance to market its iQOS electronic tobacco product as less risky than cigarettes, according to statements both senators provided to Reuters.

  • 01/31/2018 17:36:42

    Two U.S. lawmakers voice concerns over Philip Morris tobacco trials

    WASHINGTON, Jan 31 (Reuters) - Two Democratic U.S. senators said they have fresh concerns over clinical trials conducted by Philip Morris International Inc as it seeks U.S. clearance to market its iQOS electronic tobacco product as less risky than cigarettes, according to statements both senators provided to Reuters.

  • 01/30/2018 09:07:03

    HelloFresh stock soars after preliminary revenue numbers beat estimates

    Shares of European meal-kit firm HelloFresh SE are up 4.9% in Tuesday trading after the company, which trades in Germany, announced preliminary revenue for its December quarter ahead of analysts' expectations. HelloFresh said it generated between €250 million and €253 million in revenue for the December period. The FactSet consensus estimate, which consists of figures from two analysts, called for €238 million. The company also said that it grew its active-customer base by 69%, to 1.45 million, during the quarter. HelloFresh went public just a few months after fellow meal-kit firm Blue Apron Holidings Inc. sputtered following its own IPO. With shares of HelloFresh up 22% from their November IPO price, European investors have been more receptive to the meal-kit listing than U.S. investors have been to Blue Apron's public debut. Whereas Blue Apron's revenue is projected to have contracted during the December quarter, HelloFresh grew revenue by about 58% during the latest period. Blue Apron's stock is down 70% from its June IPO price, including a 2.2% drop in Tuesday morning trading. The S&P 500 Index is up 18% since Blue Apron went public in June.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/26/2018 05:42:27

    No gap between Trump's and Mnuchin's stance on dollar strength, official says in Davos

    There is no difference between President Donald Trump's position on the strength of the U.S. dollar and that of his Treasury Secretary, Steven Mnuchin, a senior administration official told reporters on the sidelines of the Davos forum Friday. "I don't think there's any daylight between the President and Secretary Mnuchin," the official said, according to a Reuters report. Trump, in comments to CNBC on Thursday, said "the dollar is going to get stronger and stronger and ultimately I want to see a strong dollar." His remarks briefly helped an ailing buck. Earlier this week, Mnuchin said he was not concerned about where the dollar was in the short term and that a weaker dollar was helpful to the U.S. trade position. Those remarks sparked a market reaction that drove the leading dollar index down some 2% to fresh three-year lows. The dollar index was lower again on Friday, setting it on track for a 1.9% weekly slide. That would be its biggest loss in one week since May last year, according to FactSet data. Trump addressed trade in a sitdown interview with CNBC that aired Friday morning, again emphasizing what he sees as an unfair U.S. position, especially in multilateral pacts. "I would do TPP if we made a much better deal than we had. We had a horrible deal...NAFTA's a horrible deal, we're renegotiating it. I may terminate NAFTA, I may not. We'll see what happens. But NAFTA was and I went around and I'd tell stadiums full of people, "I'll terminate it or renegotiate it," he said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/25/2018 21:52:24

    USOC orders USA gymnastics board to resign following molestation scandal

    The U.S. Olympic Committee on Thursday ordered the board of directors of USA Gymnastics to resign by next week or it will decertify the organization. Effectively, that would remove USA Gymnastics' status as the sport's governing body. The move comes after former U.S. gymnastics team doctor Larry Nassar was convicted of molesting more than 150 girls and young women over a decades-long span. USA Gymnastics and the USOC have been criticized for not doing more to protect the young athletes from sexual abuse. In a letter, the USOC said USA Gymnastics needs "a categorically fresh start at the board level," and that "reform must start with an entirely new board." The 21-member board was ordered to resign by Jan. 31, and the USOC outlined a list of demands that the organization must take to keep its accreditation. On Wednesday, Olympic gold medalist Aly Raisman called for an independent investigation of the USOC.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/25/2018 14:13:12

    Dow, S&P 500 end at a records but Nasdaq finishes flat in choppy trade

    The Dow Jones Industrial Average finished firmly higher on Thursday buoyed by stronger-than-expected quarterly results in a pair of industrial heavyweights, but the day's trade wasn't without its bumps. The Dow closed up 140 points, or 0.5%, to end at 26,392, marking a fresh all-time high for the blue-chip benchmark. It had slipped in to negative territory in the morning. Dow components Boeing Co. and 3M Co. combined to contribute about 90 points to the average. Shares of Caterpillar, which saw up-and-down action throughout the session, added about 7 points. 3M and Caterpillar both reported earnings that were better than Wall Street expectations, while Boeing has been one of the best drivers of the price-weighted equity gauge. Meanwhile, the S&P 500 index also closed with a slight gain but enough to log a record, up less than 0.1%, at 2,839. The Nasdaq Composite Index , however, finished in negative territory but mostly flat on the day as technology shares have bounced around over the past two sessions. Investors reacted mostly to upbeat earnings but comments from an interview from President Donald Trump, where he endorsed a strong dollar , added to day's volatility, pushing the dollar gauge into positive territory and off a three-year low. A stronger dollar can create a headwind for multinational companies doing business abroad but a firmer greenback also has been viewed as underlining a strong U.S. economy. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/25/2018 12:26:25

    Dollar erases loss after Trump says currency will get 'stronger and stronger'

    The U.S. dollar turned positive and retraced its loss against rivals in Thursday afternoon trading after a CNBC interview with President Donald Trump endorsed the strength of the dollar. Trump said the greenback would strengthen along with the U.S. economy, calling for greenback to get "stronger and stronger," in an excerpt from a previously recorded interview on the network in Davos, Switzerland at the World Economic Forum. The president's comments follow remarks from Treasury Secretary Steven Mnuchin who said a weaker dollar benefited U.S. trade. A weaker currency can be beneficial for exports and trade, which has been one of the key causes of the Trump administration. The ICE U.S. Dollar Index reclaimed much of its lost territory, which took it to a fresh three-year low, and was last up 0.1% at 89.306.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/22/2018 11:32:21

    Dow sets all-time intraday record as Senate votes to end government shutdown

    The Dow Jones Industrial Average on Monday hit a fresh all-time intraday high after the Senate voted to advance a bill that would reopen the federal government after a three-day shutdown. The 81-18 vote, temporarily ends a standoff between Democrats and Republicans over immigration policy. The Dow climbed 68 points, or 0.3%, at 26,151, briefly setting an intrasession record at 26,164.72. The blue-chip gauge had been under pressure in the early part of the session but broke higher on the news that the end of the multiday shutdwn, at least temporarily, was near. The S&P 500 index and the Nasdaq Composite Index also climbed to their highs of the day, carving out fresh intraday records. The S&P 500 was up 0.5% at 2,824, while the technology-laden Nasdaq was 0.7% higher at 7,385. Both the S&P 500 and the Nasdaq has set all-time intraday peaks near the start of trade on modest gains. According to reports, Democrats agreed to a short-term pause in their standoff with Republicans over immigration policy.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/22/2018 10:36:48

    Dow sets all-time intraday record as Senate seen voting to end government shutdown

    The Dow Jones Industrial Average on Monday hit a fresh all-time intraday high after New York Sen. Chuck Schumer indicated that there were sufficient votes to clear the way to end of a government shutdown that had entered its third day. "We will vote today to reopen the government," Schumer said on the Senate floor. The Dow climbed 78 points, or 0.3%, at 26,151, briefly setting an intrasession record at 26,156.53. The blue-chip gauge had been under pressure in the early part of the session but broke higher on the news that the end of the multiday session, at least temporarily, may be near. The S&P 500 index and the Nasdaq Composite Index also climbed to their highs of the day, carving out fresh intraday records. The S&P 500 was up 0.5% at 2,824, while the technology-laden Nasdaq was 0.7% higher at 7,389. Both the S&P 500 and the Nasdaq has set all-time intraday peaks near the start of trade on modest gains. According to reports, Democrats agreed to a short-term pause in their standoff with Republicans over immigration policy. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/22/2018 10:26:44

    Stock market trades near session highs as Senate seen voting to end government shutdown

    The Dow Jones Industrial Average on Monday traded near its highs of the day after reports suggested that there was sufficient votes to clear the way to end of a government shutdown that has entered its third day. The Dow climbed 75 points, or 0.3%, at 26,147. The blue-chip gauge had been under pressure in the early part of the session but broke higher on the news that the end of the multiday session, at least temporarily, may be near. The S&P 500 index and the Nasdaq Composite Index also climbed to their highs of the day, carving out fresh intraday records. The S&P 500 was up 0.5% at 2,823, while the technology-laden Nasdaq was 0.7% higher at 7,387. Both the S&P 500 and the Nasdaq has set all-time intraday peaks near the start of trade on modest gains. According to reports, Democrats agreed to a short-term pause in their standoff with Republicans over immigration policy. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/19/2018 14:03:52

    Stocks end higher despite looming shutdown; S&P 500 and Nasdaq set record high

    Stock indexes rose on Friday to finish the week strong, with even fears of a government shutdown failing to dampen bullish investor sentiment. The Dow Jones Industrial Average advanced 54 points, or 0.2%, to 26,072. The Nasdaq Composite Index added 40 points, or 0.6%, to 7,336. The S&P 500 rose 12 points, or 0.4%, to 2,810. The Dow and Nasdaq were both up 1% for the week, and the S&P was up 0.9% over the same period. The blue-chip Dow stood slightly below its record close, but the S&P and Nasdaq rallied to hit fresh all-time highs. All three benchmark indexes clinched their third straight weekly advance. The S&P 500 marked 395 sessions without falling 5%, an unequaled stretch in the stock market's history.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/17/2018 14:11:17

    Dow logs best one-day gain in 7 weeks as Boeing's stock provides 110-point lift

    The Dow Jones Industrial Average Wednesday booked its best single-session rise in about seven weeks on the back of a sharp rise in shares of Boeing Co. The Dow rose more than 320 points at at 26,115, which marked a fresh intraday high. Boeing's share rally , up 4.7%, or around $15.85, contributed about 110 points to that rally to the close. A $1 move in any one of the price-weighted Dow's 30 components equates to a 6.83-point swing. Moves in Boeing's stock have been the the most influential for the blue-chip average over the past several months. Meanwhile, the S&P 500 index ended up 0.9%, driving past a round-number at 2,800, while the Nasdaq Composite Index rallied sharply higher, to finish up 1% at 7,298. The run-up for equities followed an upbeat report from the Federal Reserve's Beige book, an anecdotal account of business conditions in the central bank's key business districts. The report suggested that stubbornly low wage growth may be on the rise. Wednesday's move for stocks also comes after the market experienced a reversal on Tuesday on fears of a government shutdown and weakness in the energy market. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/17/2018 13:06:44

    Dow makes a run at best one-day gain in 7 weeks as Boeing's stock provides 80-point lift

    The Dow Jones Industrial Average Wednesday afternoon was on track for its best single-session rise in about seven weeks on the back of a sharp rise in shares of Boeing Co. The Dow was rising more than 320 points at at 26,113, which would mark a fresh intraday high. Boeing's share rally , up 3.5%, or around $12, was contributing about 80 points to that burst higher. A $1 move in any one of the price-weighted Dow's 30 components equates to a 6.83-point swing. Moves in Boeing's stock have been the the most influential for the blue-chip average over the past several months. Meanwhile, the S&P 500 index was up more than 1%, driving past a round-number at 2,800, while the Nasdaq Composite Index also was rallying sharply higher, up 1.2% at 7,300. The run-up for equities followed an upbeat report from the Federal Reserve's Beige book, an anecdotal account of business conditions in the central bank's key business districts. The report suggested that stubbornly low wage growth may be on the rise. Wednesday's move for stocks also comes after the market experienced a reversal on fears of a government shutdown and weakness in the energy market. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/08/2018 11:18:10

    GE's stock falls to snap 5-day win streak after J.P. Morgan cuts price target

    General Electric Co.'s stock slumped 1.7% in afternoon trade Monday, to be the Dow Jones Industrial Average's biggest decliner, after J.P. Morgan analyst C. Stephen Tusa cut his price target, saying there were "too many risks" to change his bearish view on the industrial conglomerate. He after taking a "fresh" look into GE's potential this year, after the stock's extremely poor relative performance last year, he said the consensus analyst outlook for earnings per share of about $1 is "reasonable," but remains the "lowest quality $1 of EPS in the sector." He wrote in a note to clients that the consensus presumption that free cash flow "can grow meaningfully from here banks on working capital remaining positive..., restructuring collapsing..., and an opaque, negative 'other account,' including contract assets, getting significantly less negative." Tusa reiterated his underweight rating, and cut his price target to $16 from $17. The stock had rallied 6.8% amid a 5-session win streak through Friday, the longest such streak since February 2017, and the biggest five-day gain since November 2016. In 2017, the stock had plunged 44.8%, the worst one-year performance since 2008, while the Dow rallied 25.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/04/2018 09:34:22

    Stocks in Facebook, Amazon lead list of names to hit 52-week highs as Dow breaks above 25K

    Shares of a number of tech giants touched fresh 52-week highs on Thursday, including Facebook, Netflix and Amazon, as stocks jumped to records in the third trading session of 2018. Facebook Inc. hit a fresh 52-week peak at $186.21, with a gain of nearly 10% so far this week, Amazon.com Inc.'s shares rose to a peak at $1,215.87, up 3.5% on the week, while shares of Netflix Inc. carved out a new top at $207.05, with a gain of 6.6% so far this year, though prices pulled back somewhat. Google-parent Alphabet class A shares also hit a 52-week top at $1,104.08, while C shares also notched a peak at $1,093.57. Both share classes are up about 4% this week. Those companies represent the components of the so-called FAANG stocks, which have helped to lead the tech-laden Nasdaq Composite Index to a psychologically significant move above 7,000 for the first time ever on Tuesday. The Nasdaq was recently up 0.2% at 7,075. Absent from the FAANG cadre hitting fresh highs were Apple Inc. shares , which were up seeing a muted gain, while the Dow Jones Industrial Average advanced 0.7%, but last hit a 52-week high on Dec. 18 at 177.20. Meanwhile, the Dow Jones Industrial Average , where Apple is a component, was up 160 points, or 0.6%, at 25,074, breaking above 25,000 for its first time ever, while the S&P 500 index climbed 0.4% at 2,724, notching a record peak of its own in intraday trade, and highlighting a firm start to the year for equity benchmarks that have enjoyed a relentless run-up last year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/04/2018 07:23:44

    Dow on pace for fastest 1,000-point surge to a milestone in history

    The Dow Jones Industrial Average on Thursday appeared set to surge above 25,000 for the first time, carving out a fresh intraday record, but also notably notching its fastest climb to such a milestone ever. The blue-chip benchmark is on track to post a close above 25,000 in a blistering 23 trading days, which would represent the fastest rally to such a mark, outpacing the 24 sessions it took to ascend to 21,000 last March and the move to 11,000 back in May of 1999. Of course, its worth noting that with each climb higher that the percentage moves become less significant. In fact, the move to 25K represents a meager 3% advance for the Dow average compared with the more than 10% surge to 11K about 19 years ago.The moves for the Dow come as investors have grown increasingly bullish about an array of fiscal stimulus measures espouse by President Donald Trump's administration that are being viewed as pro-business. Meanwhile, volatility in the market has been curiously absent, fostering a relatively steady climb for equity markets. To be sure, these advances toward milestone are largely psychologically significant rather than having more meaning to investors. On Wednesday, the S&P 500 index broached its own psychologically important level above 2,700, while the Nasdaq Composite Index eclipsed 7,000 on Tuesday. Both benchmarks are looking to join the Dow in positive territory. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/04/2018 06:55:03

    Dow industrials on pace for fastest 1,000-point surge to a milestone in history

    The Dow Jones Industrial Average on Thursday appeared set to surge above 25,000 for the first time, carving out a fresh intraday record, but also notably notching its fastest climb to such a milestone ever. The blue-chip benchmark is on track to post a close above 25,000 in a blistering 23 trading days, which would represent the fastest rally to such a mark, outpacing the 24 sessions it took to ascend to 21,000 last March and the move to 11,000 back in May of 1999. Of course, its worth noting that with each climb higher that the percentage moves become less significant. In fact, the move to 25K represents a meager 3% advance for the Dow average compared with the more than 10% surge to 11K about 19 years ago.The moves for the Dow come as investors have grown increasingly bullish about an array of fiscal stimulus measures espouse by President Donald Trump's administration that are being viewed as pro-business. Meanwhile, volatility in the market has been curiously absent, fostering a relatively steady climb for equity markets. To be sure, these advances toward milestone are largely psychologically significant rather than having more meaning to investors. On Wednesday, the S&P 500 index broached its own psychologically important level above 2,700, while the Nasdaq Composite Index eclipsed 7,000 on Tuesday. Both benchmarks are looking to join the Dow in positive territory. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/03/2018 13:41:31

    Wall Street 'fear gauge' tumbles, threatens to notch fresh record low

    A popular measure of volatility on Wall Street fell sharply lower Wednesday afternoon, plumbing fresh depths toward a record close early in 2018. The Cboe Volatility index , sometimes referred to as Wall Street's "fear index," fell 8.2% to 8.97, hitting its lowest level since Dec. 20. Wednesday marks only the fifth time in history that the Vix has dropped below 9, according to FactSet data. If the Vix ends at current levels, that will mark the lowest close in its history. The index has dropped nearly 19% over the past two sessions, putting it on track for its biggest weekly percentage drop since August, extending into the new year a protracted period of meager volatility in equity markets. The Vix, which is based on options activity and measures expectations for S&P 500 volatility over the coming 30 days, typically has an inverse correlation with stock prices. Major indexes have gained in both sessions of this holiday-shortened week, hitting record levels. The Dow Jones Industrial Average is up 0.3% while the S&P 500 has risen 0.6%. The Nasdaq Composite Index is up 0.8%, and is up 2.4% thus far this week. The Vix has been abnormally low for years. Not only is it trading at less than half its long-term average of 20, but of the 56 lowest closing levels in the history, according to data from S&P Dow Jones Indices, 47 of them occurred over the past year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/28/2017 11:07:45

    Revenue hit predicted for California's medical pot market

    When Elias Zaldivar was an 18-year-old college freshman and decided he was in the market for marijuana, he knew just how to get it, and it didn't involve canvassing the corridors of his campus in search of that stoned-out dude who sold pot from his dorm room.

  • 12/21/2017 07:36:32

    Stocks open higher to approach record levels

    Stock indexes opened higher on Thursday to trade near record levels. Market activity could be subdued as investors look beyond the tax bill for fresh reasons to snap up equities. The Dow Jones Industrial Average advanced 75 points, or 0.3%, to 24,802. The S&P 500 was up 8 points, or 0.3%, to 2,687. The Nasdaq Composite Index added 17 points, or 0.2%, to 6,978.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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    The Goodyear Tire & Rubber CompanyGT | The Habit Restaurants, Inc.HABT | The Hackett Group, Inc.HCKT | The Hain Celestial Group, Inc.HAIN | The Herzfeld Caribbean Basin Fund, Inc.CUBA | The Intergroup CorporationINTG | The Joint Corp.JYNT | The KEYW Holding CorporationKEYW | The Kraft Heinz CompanyKHC | The Medicines CompanyMDCO |