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  • 11/21/2017 14:02:02

    U.S. stock indexes all close at records led by technology shares

    U.S. stocks closed higher Tuesday after a round of solid corporate earnings. All three benchmark equity indexes hit fresh records. The tech-heavy Nasdaq Composite Index showed the biggest gains, rising 72 points, or 1%, to 6862. The Technology Select Sector SPDR ETF climbed 1%, while Apple shares were up around 1.9%. The Dow Jones Industrial Average rose 161 points to 23591. The S&P 500 was up by 17 points, or 0.7%, to 2599.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.

  • 11/15/2017 12:27:12

    UCLA players suspended indefinitely over China incident; Trump thanked at press conference

    Three freshman members of the UCLA basketball team, LiAngelo Ball, Jalen Hill and Cody Riley, have been suspended indefinitely, according to Bleacher Report and other outlets, after having had criminal charges reportedly dropped in connection with a recent alleged shoplifting incident at a Louis Vuitton store in Hangzhou, China. The players expressed remorse and apologized to the university and its storied basketball program as well as their families while making their first public statements Wednesday on the matter. President Trump, who wondered on Twitter this morning whether he would be thanked for his role in their release from detention after a week and who'd called his discussion of the issue with Chinese leader Xi Jinping a "great" one, was thanked by all three players at a televised news conference in Los Angeles.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.

  • 11/14/2017 15:56:01

    Paulson & Co. takes stake in Rockwell Collins, drops AIG

    Hedge fund manager John Paulson took a fresh stake in avionics and information technology firm Rockwell Collins in the third quarter, while closing a position in American Internatonal Group , according to a quarterly regulatory filing on Tuesday. The 13-F filing by Paulson & Company showed the hedge fund held 112,400 shares of Rockwell Collins as of Sept. 30. The filing also showed Paulson and Company no longer held a stake of more than 4.14 million shares of AIG. Paulson also eliminated small stakes in Apple Inc. and Amazon.com Inc. , the filing showed.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.

  • 11/09/2017 08:51:35

    Oil prices jump after report that Saudi citizens being urged to leave Lebanon

    Oil prices touched fresh session highs on Thursday following a report from Al Arabiya that Saudi Arabia has urged its nationals to leave Lebanon immediately. "There is a rumor Saudi Arabia is pulling their citizen out of Lebanon. So there is speculation they are going to mount an attack," said Phil Flynn, senior market analyst at Price Futures Group. December West Texas Intermediate crude added 44 cents, or 0.8%, to trade at $57.25 a barrel on the New York Mercantile Exchange after tapping a high of $57.47. January Brent crude added 33 cents, or 0.5%, to $63.82 a barrel on ICE Futures Europe after a $64.03 high.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.

  • 11/07/2017 14:14:39

    Dow ekes out record close, but S&P 500, Nasdaq stumble lower

    The Dow Jones Industrial Average managed to ring up a fresh all-time high on Tuesday, but the broader market was weighed by a slump in bank and technology shares, as investors awaited further details on the Republican Party's tax bill and gauged the likelihood of its passage. The Dow Jones Industrial Average rose less than 0.1% at 23,557, but advanced enough to record a fresh closing record. The S&P 500 index finished down less than a point at 2,590, with its moves limited by a 1.3% downturn in the financials sector . The Nasdaq Composite Index , meanwhile, saw the sharpest slide relative to its peer benchmarks, down 0.3% at 6,767. The moves comes a day after all three equity benchmarks booked closing records at the same time. Moves in the Dow were capped by a slide in shares of J.P. Morgan Chase & Co. and Goldman Sachs Group Inc. , which cut more than 30 points from the price-weighted Dow. 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.

  • 11/07/2017 09:37:03

    Apple's stock comes up a nickel short of reaching the $900 billion market-cap level

    Apple Inc.'s rallied to a fresh all-time intraday high of $175.25 earlier Tuesday before paring some gains, coming just short of the level needed to push the technology giant's market capitalization above $900 billion for the first time. With 5,134,312,000 shares outstanding as of Oct. 20, the stock would have to rise to $175.30 to break the $900 billion level. The stock was last up 0.2% at $174.54, giving Apple a market cap of $896.14 billion. That's over $170 billion more than the second most valuable company, Google parent Alphabet Inc. , which is worth $721.82 billion. Apple shares have now gained 3.8% since the company reported fiscal fourth-quarter results after the Nov. 2 close. The stock has climbed 51% year to date, while the Dow Jones Industrial Average has gained 19%.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.

  • 11/06/2017 14:08:26

    Dow, S&P 500, Nasdaq's 26th simultaneous closing high of 2017 breaks a 22-year old record

    The U.S.'s three main equity benchmarks finished at all-time highs on the same day for the 26th time in 2017, marking a fresh record for simultaneous closing highs in a calendar year for the trio. The previous record was 26 closing records hit in 1995 for all three benchmarks and matched last Friday. The Dow Jones Industrial Average rose less than 0.1% to 23,548, the S&P 500 index climbed 0.1% to 2,591, while the Nasdaq Composite Index ended up 0.3% at 6,786.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.

  • 10/27/2017 10:23:35

    Nasdaq on track for best daily point rise in more than 2 years as tech sector powers record rally

    The Nasdaq Composite Index was on pace to book its best single-session point gains in more than 2 years on Friday as tech shares soared. The Nasdaq Composite Index was surging 134 points, or 2%, toward a fresh all-time high closing at 6,684, which would mark the best point and percentage gain since a 191.05-point, or 4.2%, climb for the technology-heavy index on Aug. 27, 2015, according to FactSet data. The Nasdaq is marching toward its best gain in 26 months on the back of a series of hotter-than-expected earnings from some of the biggest companies in technology, including Microsoft Corp. and Amazon.com Inc. , which were both trading at record highs after posting quarterly results that surpassed analysts' estimates. Meanwhile, a popular way to invest on the tech sector, the exchange-traded Technology Select Sector SPDR ETF , also was on pace to book its best daily climb since Aug. 26, 2015. Elsewhere, the S&P 500 index was up 0.8% at 2,579.92, while the Dow Jones Industrial Average was trading up 30 points, or 0.1%, at 23,432, as shares of Chevron Corp. and Merck & Co. Inc. capped the blue-chip benchmark's gains. 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.

  • 10/27/2017 09:58:45

    Nasdaq on track for best daily point rise in 1 1/2 years as tech sector powers record rally

    The Nasdaq Composite Index was on pace to book its best single-session point gains in 19 months on Friday as tech shares soared. The Nasdaq Composite Index was surging 125 points, or 1.9%, toward a fresh all-time high closing at 6,684, which would mark the best point and percentage gain since a 131.65-point, or 2.9%, climb for the technology-heavy index on March 1, 2016, according to FactSet data. The Nasdaq is marching toward its best gain in more than a year on the back of a series of hotter-than-expected earnings from some of the biggest companies in technology, including Microsoft Corp. and Amazon.com Inc. , which were both trading at record highs after posting quarterly results that surpassed analysts' estimates. Meanwhile, a popular way to invest on the tech sector, the exchange-traded Technology Select Sector SPDR ETF , was on pace to book its best daily climb since Aug. 26, 2015. Elsewhere, the S&P 500 index was up 0.7% at 2,579, while the Dow Jones Industrial Average was trading up 25 points, or 0.1%, at 23,422, as shares of Chevron Corp. and Merck & Co. Inc. capped the blue-chip benchmark's gains. 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.

  • 10/27/2017 09:11:35

    Nasdaq on track for best daily rise in nearly a year as technology sector powers record rally

    The Nasdaq Composite Index was on pace to book its best single-session rise since the day before President Donald Trump was elected back in November. The Nasdaq Composite Index was surging 104 points, or 1.6%, toward a fresh all-time high closing at 6,664.04, which would mark the best point and percentage gain since a 119.80-point, or 2.4%, climb for the technology-heavy index on Nov. 7, 2016, according to FactSet data. The Nasdaq is marching toward its best gain in nearly a year on the back of a series of hotter-than-expected earnings from some of the biggest companies in technology, including Microsoft Corp. and Amazon.com Inc. , which were both trading at record highs after posting quarterly results that surpassed analysts' estimates. Meanwhile, a popular way to invest on the tech sector, the exchange-traded Technology Select Sector SPDR ETF , was on pace to book its best daily climb since March 1, 2016. Elsewhere, the S&P 500 index was up 0.7% at 2,576, while the Dow Jones Industrial Average was trading up 25 points, or 0.1%, at 23,422, as shares of Chevron Corp. and Merck & Co. Inc. capped the blue-chip benchmark's gains. 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.

  • 10/27/2017 08:47:22

    Nasdaq Composite on track for best daily rise since before Election Day as tech powers record rally

    The Nasdaq Composite Index was on pace to book its best single-session rise since the day before President Donald Trump was elected back in November. The Nasdaq Composite Index was surging 96 points, or 1.5%, toward a fresh all-time high closing at 6,651, which would mark the best point and percentage gain since a 119.80-point, or 2.4%, climb for the technology-heavy index on Nov. 7, 2016, according to FactSet data. The Nasdaq is marching toward its best gain in nearly a year on the back of a series of hotter-than-expected earnings from some of the biggest companies in technology, including Microsoft Corp. and Amazon.com Inc. , which were both trading at record highs after posting quarterly results that surpassed analysts' estimates. Meanwhile, a popular way to invest on the tech sector, the exchange-traded Technology Select Sector SPDR ETF was on pace to book its best daily climb since March 1, 2016. Elsewhere, the S&P 500 index was up 0.5% at 2,572, while the Dow Jones Industrial Average was trading flat at 23,407, as shares of Chevron Corp. and Merck & Co. Inc. weighed on the blue-chip benchmark. 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.

  • 10/12/2017 10:52:44

    J.C. Penney's stock tumble toward another record low

    Shares of J.C. Penney Co. Inc. tumbled 2.6% toward another record low in active trade Thursday, amid broad weakness in the retail sector after apparel retailer J.Jill Inc.'s profit warning. About 13.8 million shares had changed hands through midday, above the full-day average of 12.7 million shares. Meanwhile, the SPDR S&P Retail ETF was down 1.3% at a 5-week low. J.Jill's stock plummeted 50% after issuing a profit warning late Wednesday, blaming "product and calendar issues" that are affecting traffic and conversion. J.C. Penney's stock, which closed at a record low on Wednesday, and two other fresh records earlier this month, has plunged 27% over the past three months and 59% year to date. In comparison, the retail ETF has gained 2.2% over the past three months, while the S&P 500 has climbed 4.5%.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.

  • 10/11/2017 15:28:00

    Brace for higher orange prices as USDA expected to forecast smallest crop since 1940s

    Fresh orange prices at the supermarket are likely to rise due to citrus production problems in California and Florida.

  • 10/10/2017 14:28:49

    Micron to sell $1 billion in fresh shares amid memory-price spike, stock dips

    Micron Technology Inc. shares dipped nearly 3% in late trading Tuesday after the memory-chip company said it would sell about $1 billion in fresh stock as the company trades at its highest prices since the dot-com boom. Micron said underwriters had access to about $150 million in additional shares it could offer at the public offering price, which has yet to be determined. Micron will use the proceeds from the offering to pay down debt, with $476 million earmarked for notes set to mature in 2023. Micron closed at $41.98 and reached $42 in intraday trading Tuesday, its highest prices since 2001, but shares fell lower than $41 in late trading after the announcement. The company has profited from a spike in the price of memory chips, which has increased the cost of some tech gadgets for consumers, and said in its most recent earnings report that it expects demand to continue to be high. Micron stock is up 91% so far in 2017, as the S&P 500 index has gained 13.7%.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.

  • 10/06/2017 14:09:41

    Dow, S&P 500 end multisession streaks, but Nasdaq manages 55th record in 2017

    The Dow and S&P 500 finished the week in negative territory on Friday, but the Nasdaq Composite managed to mark a fresh record after a key jobs report showed that the U.S. economy posted its first monthly decline in jobs in about seven years in September. However, the effect of hurricanes in the Gulf Coast and Florida obscured long-sought gains in wages. The Dow Jones Industrial Average closed little changed at 22,773, the S&P 500 index finished slightly lower, off 0.1%, snapping an eight-day win streak to close at 2,549. The broad-market benchmark also halted its streak of record closes, the longest in 20 years, at six in a row. The Nasdaq Composite Index , meanwhile, booked a gain of less than 0.1%, but enough to post its 55th all-time high of 2017. Nonfarm payrolls shrank by 33,000 in September, undercut by hurricanes Harvey and Irma. Economists polled by MarketWatch had predicted a 75,000 increase in nonfarm jobs. The unemployment rate, however, fell to 4.2% from 4.4%, while wages increased by 0.5% to an average of $26.55 an hour, the Labor Department said Friday. In corporate news, data-center operator Switch Inc. jumped 23% in its debut as a public company. 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.

  • 10/05/2017 10:02:13

    Wall Street's 'fear gauge' on pace for record closing nadir as stocks trade at all-time highs

    A popular measure of Wall Street volatility was headed to an all-time low, highlighting a protracted period of subdued moves on Wall Street, as assets considered risky climb to records. The CBOE Volatility Index , often referred to as the market's fear gauge, was trading recently at 9.14, which would mark the lowest close for the indicator since Dec. 22, 1993 when it ended at 9.31. The gauge measures bullish and bearish options bets on the S&P 500 index 30 days in the future, and because stocks tend to fall faster than they rise, the indicator tends to be viewed as a gauge of how investors are perceiving the likelihood for a crash. The fear gauge moves in the opposite direction of the stocks. The volatility index is running at less than half its historical average of around 20 and has posted the largest number of prints below 10 in its entire history in just 2017. The fresh nadirs being put in on the index comes as the stock market is in the midst of what some investors and analysts refer to as a meltup, with stocks indiscriminately rising to peaks, with few sharp moves lower. On Thursday afternoon, the Dow Jones Industrial Average was trading at an intraday record, up 0.4% at 22,745, and flirting with a psychological milestone of 23,000. The S&P 500 index was climbing 0.4% at 2,547, while the Nasdaq Composite Index was advancing 0.4% at 6,561. All three benchmarks finished at all-time highs to close Wednesday's trade. 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.

  • 10/05/2017 07:37:45

    S&P 500 set to log longest streak of records in 20 years as stock market opens at all-time highs

    U.S. stock benchmarks opened modestly higher on Thursday, but enough to book fresh records, as investors bought technology stocks, as investors pored over speeches from several Federal Reserve officials and a key employment report on Friday. The Dow Jones Industrial Average traded flat at 22,657, the S&P 500 index advanced 0.1% at 2,540. If the broad-market benchmark finishes with a record on Thursday it will market its longest string of all-time high closes, six consecutively, since 1997, according to WSJ Market Data Group. Philadelphia Fed President Patrick Harker said he is expecting on additional rate hike in December, during a speech in Austin. Meanwhile, the Nasdaq Composite Index enjoyed the best opening bump, up 0.4% at 6,563. In corporate news, United Parcel Service Inc. fell 2.3%, while FedEx Corp. was down after Bloomberg reported that Amazon.com Inc. was testing a new delivery service. On Friday, the market will assess the Labor Department's nonfarm-payrolls report.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.

  • 10/03/2017 14:38:35

    U.S. stock indexes roll into record territory as S&P hits sixth straight gain

    U.S. stock benchmark indexes all continued to set fresh records on Tuesday, helping the S&P 500 claim its sixth consecutive session of gains. The Nasdaq Composite Index rose 0.2% to close at 6531.7. The S&P 500 also rose 0.2% to end at 2534.5. The Dow Jones Industrial Average advanced more than 80 points to close at 22641. The small-caps index Russell 2000 treaded water at 1510. Upbeat economic data including a strong reading from the ISM manufacturing index has aided the rally in equities. Strong automotive sales in September pushed General Motor Co.'s share price to an all-time high. Tuesday's record-setting action follows a similar session in Monday when all U.S. stock indexes established new peaks. 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.

  • 09/26/2017 09:14:38

    Chipotle's Tasty Made chain partners with 'Top Chef' winner Richard Blais

    Chipotle Mexican Grill Inc. said Tuesday that it has partnered with "Top Chef" winner Richard Blais for its Tasty Made chain of restaurants. Tasty Made, which first opened in Ohio in October 2016, serves four items: burgers, fries, soda and milkshakes. Burgers are made-to-order from fresh beef, and fries are hand cut on the premises. Blais, a James Beard-nominated cookbook author whose other ventures include San Diego restaurant Juniper & Ivy and chicken restaurant Crack Shack, is expected to bring his fine dining credentials to Tasty Made, with announcements to come. Chipotle shares are down 0.6% in Tuesday trading, and down 15.5% for the year so far. The S&P 500 index is up 11.5% for 2017 so far.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.

  • 09/18/2017 09:17:40

    Boeing record rally adds more than 80 points to Dow industrials so far in September

    Shares of Boeing Co. were rallying Monday, helping to deliver a daily and monthly boost to the Dow Jones Industrial Average. The industrials giant has been among the best performers among the Dow's 30 components. On Monday, Boeing's shares were up $2.65, or 1%, adding about 18 points to the price-weighted average. In September, so far, the company has gained more than $12 to the benchmark, translating to an 80-point rise as the Dow carves out a fresh all-time high. Boeing also is trading at its own record, logging a fresh intraday high at $253.67 in early Monday trade. Boeing also has been the best advancer for the Dow so far this year, up 61.5%. Overall, the Dow is up 13.1%, the S&P 500 index has climbed 12% year to date, while the Nasdaq Composite Index has advanced more than 20% thus far in 2017. 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.

  • 09/15/2017 13:39:32

    3M, Boeing, Apple stocks deliver a 50-point boost to Dow industrials record climb

    The Dow Jones Industrial Average was climbing on Friday, looking to cap a sharply weekly gain, with shares of Boeing Co., and 3M Co., doing the heaviest lifting for the benchmark. Shares of Boeing were up 1.8%, or $4.52, adding about 30 points to the price-weighted Dow , while 3M Co. , was up 0.9%, or $1.84, adding about 12 points to the average, while shares of Apple Inc., up $1.72, or 1.1%, were adding about the same amount. A $1 move in any one of the Dow's 30 components equates to a 6.89-point swing in the equity gauge. The Dow's move puts it on track to carve out a fresh all-time high, most recently at 22,260, up 0.3%. That would mark its 39th record close of 2017 and its 6th straight positive session. Overall, the market was showing modest gains, but sufficient to put the other major benchmarks in record territory. The S&P 500 index was up 0.1% at 2,497, while the Nasdaq Composite Index , up 0.3% at 6,446. 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.

  • 09/12/2017 14:16:29

    Shares of McDonald's log worst daily drop in a year, exact 35-point toll on Dow industrials

    The Dow Jones Industrial Average on Tuesday notched a fresh all-time high, despite a drag produced by McDonald's Corp. The fast-food behemoth cut more than 35 points from the price-weighted Dow , with its stock down $5.20, or 3.2%--marking its worst performance among the benchmark's 30 components. A decline at this level would represent the worst one-day tumble for the company since July 26, 2016, according to FactSet data. A $1 move in any one of the Dow components equates to a 6.89-point swing in the equity average. Despite the headwind, the Dow finished at a record , with shares of Goldman Sachs Group Inc. helped to offset McDonald's share drop . Goldman's shares closed up $4.89, or 2.2%. The reason for shares of McD's retreat were being attributed to a bearish note from research firm M Science. All three benchmarks, including the S&P 500 index and the Nasdaq Composite Index finished at records, with the Dow ending up more than 60 points, or 0.3%, 21,118.86. 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.

  • 09/12/2017 09:39:49

    Shares of McDonald's head for worst daily drop in a year, exact 40-point toll on Dow industrials

    The Dow Jones Industrial Average was powering higher in early trade, despite a drag produced by McDonald's Corp. The fast-food behemoth was cutting almost 40 points from the price-weighted Dow in morning trade, with its stock down $5.52, or 3.4%--putting it on track for the worst performance among the benchmark's 30 components. A decline at this level would represent the worst one-day tumble for the company since July 26, 2016, according to FactSet data. A $1 move in any one of the Dow components equates to a 6.89-point swing in the equity average. Despite the headwind, the Dow was trading near a closing peak, with shares of Goldman Sachs Group Inc. helping to offset McDonald's share drop . Goldman's shares were up $5.53, or 2.5%. The reason for shares of McD's retreat were being attributed to a bearish note from research firm M Science. Other benchmarks, were trading in positive territory, with the S&P 500 index setting a fresh intraday all-time high at the open and the Nasdaq Composite Index trying to climb near its own record level. The Dow, meanwhile, was up 63 points, or 0.3%, at 21,120, off its best levels of the session but still in record 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.

  • 09/12/2017 08:56:04

    Shares of McDonald's head for worst daily drop in a year, exact 35-point toll on Dow industrials

    The Dow Jones Industrial Average was powering higher in early trade, despite a drag produced by McDonald's Corp. The fast-food behemoth was cutting approximately 35 points from the price-weighted Dow in morning trade, with its stock down $5.15, or 3.2%--putting it on track for the worst performance among the benchmark's 30 components. A decline at this level would represent the worst one-day tumble for the company since July 26, 2016, according to FactSet data. A $1 move in any one of the Dow components equates to a 6.89-point swing in the equity average. Despite the headwind, the Dow was trading near a closing peak, with shares of Goldman Sachs Group Inc. more than offsetting McDonald's drop. The reason for shares of McD's retreat were being attributed to a bearish note from research firm M Science. Other benchmarks, were in trading in positive territory, with the S&P 500 index setting a fresh intraday all-time high at the open and the Nasdaq Composite Index trying to climb to near its own record level. The Dow, meanwhile, was up 34 points, or 0.2%, at 21,091, off its best levels of the session. 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.

  • 09/11/2017 14:58:49

    Dow industrials rally 260 points, retake 22,000 level, as worries over Hurricane Irma, North Korea abate

    U.S. stock-index benchmarks closed sharply higher on Monday, as Hurricane Irma hit Florida with less force than expected and North Korea failed to conduct another nuclear missile test over the weekend, helping to lure investors into buying assets perceived as risky like equities. The Dow Jones Industrial Average closed about 259.58 points, or 1.2%, higher at 22,057.37, while the S&P 500 index climbed 1.1% at 2,488.11, marking a fresh record for the broad-market gauge. The Nasdaq Composite Index rallied 1.1% at 6,432.26, and ended within range of its all-time closing high. A re-emergence of risky assets also helped to drive up yields in Treasury bonds, with the 10-year Treasury note hitting 2.13% Monday afternoon, compared with 2.05% late Friday. Bond prices and yields move inversely. Gold futures also sold off. In corporate news, investors awaited the debut of Apple Inc.'s new iPhone 8 on Tuesday. Elsewhere, shares of Teva Pharmaceutical Industries Ltd. finished 17% higher, after the Israeli drug company on Monday named Lundbeck's Kare Schultz as its new chief executive. Wall Street marked the anniversary of 9/11. 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.

  • 09/11/2017 14:07:38

    S&P 500 logs 31st closing record of 2017 as stock market bounces in 'relief rally'

    U.S. stocks on Monday kicked off the first full week of trading in September with a bang, underlined by the S&P 500 ending at a record, as a raft of meteorological and geopolitical jitters gave way to a re-emergence of appetite for assets perceived as risky. The S&P 500 index closed up 1.1% at 2,488, marking its first record close since Aug. 7, buoyed by gains in the technology and financials sectors. Financials, as gauged by the PowerShares KBW Bank Portfolio and the Financial Select Sector SPDR ETF booked their best daily rises since June 9, according to FactSet data. Bank stocks benefited from a resurgence in benchmark Treasury yields, with the 10-year Treasury note rising to 2.13%, compared with 2.05% late Friday. Higher yields support a banks's business models. The Dow Jones Industrial Average , meanwhile, jumped about 260 points, retaking is perch above 22,000, while the Nasdaq Composite Index closed up 1.1%. The technology sector has often been viewed as a gauge of Wall Street's tolerance for risk, seeing heavy bidding when investors feel bullish on the market. Monday's bounce was attributed to Hurricane Irma hitting Florida with less force than feared and North Korea refraining from conducting another missile test in the Korean Peninsula, factors that last week had helped push stocks and bonds mostly lower. The relatively milder impact of Hurricane Irma helped insurers, bracing for bigger liabilities from the storm, rally, highlighted by a 3.1% advance in the PowerShares KBW Property & Casualty Insurance Portfolio , a popular exchange-traded fund used to invest in the in the sector. Art Cashin, UBS's director of floor operations, on CNBC described Monday trading as a two-pronged "sigh of relief rally." In corporate news, shares of Apple Inc. bounced 1.8% ahead of what is expected to be the debut of a fresh lineup of iPhones and other products from the Cupertino, Calif.-based tech giant. 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.

  • 09/07/2017 12:51:13

    Disney, Goldman stocks cut nearly 60 points from Dow industrials

    The Dow Jones Industrial Average was trading in negative territory Thursday afternoon, with shares of Walt Disney Co., and Goldman Sachs Group Inc., proving the biggest drags on the benchmark. Shares of Disney were down $5.13, or 5%, by far the worst performer among the Dow's 30 components and slicing more than 35 points from the price-weighted gauge. A $1 swing in any Dow component equates to a move of 6.89 points. The Dow was off 47 points, or 0.2% at 21,759, while the S&P 500 index was down 0.1% at 2,463, and the Nasdaq Composite Index was up about 0.1% at 6,396. During a Bank of America Merrill Lynch's Media, Communications & Entertainment Conference, Disney CEO Bob Iger said the entertainment and media giant will report annual earnings "roughly in line" with what the company generated in fiscal year 2016 at about $5.72, disappointing analysts average, annual estimates for full-year earnings a share of $5.89. Other media stocks also fell on the news, including CBS and 21st Century Fox . Meanwhile, Goldman Sachs Group Inc.'s shares also pressured the Dow as benchmark yields trade near fresh November lows, at 2.06%, for the 10-year Treasury note . That fact and diminished expectations for more rate increases by the Federal Reserve in 2017 weighs on a bank's business model. Combined, Goldman and Disney's stock were dragging the Dow down by about 60 points. 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.

  • 08/31/2017 14:32:06

    Tenet Healthcare CEO Fetter to step down in March

    Tenet Healthcare Corp. said late Thursday Chairman and Chief Executive Trevor Fetter will step down from his roles on March 15, 2018, or when a successor is appointed. Independent lead director Ronald A. Rittenmeyer will become executive chairman, effective immediately, and the board has hired Russell Reynolds Associates to conduct a search for a new CEO. Tenet also said it has started to "refresh the composition of its board," with an eye for ensuring that the board "has the best mix of skills and experience to maximize the future value of the company," it said in the statement. Shares of Tenet rose more than 3% in the late session, after ending the regular trading day down 0.2%. 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.

  • 08/31/2017 12:00:35

    Gold prices resume rise, climb about 4% for the month

    Gold prices finished higher Thursday, ending at a fresh 11-month high and gaining roughly 4% for the month. Investors have been encouraged by the precious metal's ability to climb above the former resistance level of $1,300 an ounce. Weakness in the dollar this month also provided a boost for dollar-denominated gold. December gold added $8.10, or 0.6%, to settle at $1,322.20 an ounce. 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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