Author: admin

President Donald Trump said Friday the U.S. is seriously looking at a “big order” of Super Hornet fighter jets from Boeing . Trump made the comment while speaking at a Boeing facility in South Carolina, during which he said he wanted more products to be made by American workers at U.S. factories. Boeing shares were trading up 1.2% Friday afternoon and were unchanged as Trump spoke.

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.

…read more

From:: Stock Market News

Gold prices fell Friday, but tallied a third straight weekly gain with political uncertainty fueling demand for the precious metal. April gold declined by $2.50, or 0.2%, to settle at $1,239.10 an ounce. Futures prices, which settled Thursday at a more than three-month high, gained roughly 0.3% for the week.

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.

…read more

From:: Stock Market News

Data from Baker Hughes Friday revealed that the number of active U.S. rigs drilling for oil rose by 6 to 597 rigs this week. That marked the fifth weekly increase in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also rose by 10 to 751, according to Baker Hughes. March West Texas Intermediate crude held onto earlier declines after the figures, trading down 15 cents, or 0.3%, at $53.21 a barrel on the New York Mercantile Exchange.

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.

…read more

From:: Stock Market News

The Senate confirmed Scott Pruitt to head the Environmental Protection Agency on Friday. Two Democrats, Joe Manchin of West Virginia and Heidi Heitkamp of North Dakota, joined Republicans to confirm him, while Republican Susan Collins of Maine voted against him. The vote was 52-46.

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.

…read more

From:: Stock Market News

Shares of Mondelez International Inc. shed 1.4% in midday trade, as Kraft Heinz Co.’s bid to buy Unilever PLC might reduce the likelihood that Mondelez gets acquired. Analyst Pablo Zuanic at Susquehanna said that although Unilever has rejected Kraft Heinz’s bid, he believes “a deal to eventually happen.” For now, Zuanic said the bid “should lower the probability of a bid for [Mondelez],” as the focus seems to be more on grocery than snacks. He said the bid should also pressure the stocks of a number of U.S.-heavy food companies, including General Mills Inc. , Campbell Soup Co. and Kellogg Co. . General Mills shares dropped 3.3% after cutting its sales outlook, Campbell’s stock shed 6.7% after reporting disappointing quarterly sales and Kellogg’s shares slumped 2.9%. Kraft’s stock soared 7.6% and Unilever’s U.S.-listed shares climbed 11%, while the S&P 500 eased 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.

…read more

From:: Stock Market News

Shares of UnitedHealth Group Inc. tumbled 4% in morning trade Friday to pace the Dow Jones Industrial Average decliners, after the Department of Justice joined a whistleblower’s lawsuit against the health care giant for overcharging Medicare. The stock, which is on track to suffer the biggest one-day percentage decline in 15 months, is heading toward the lowest close since Nov. 28, 2016. The price decline of $6.50 is shaving about 45 points off the Dow, which is down 58 points. On Thursday, law firm Constantine Cannon made public its lawsuit filed in 2011, after the DoJ joined the suit, that alleges UnitedHealth defrauded the Medicare program of “hundreds of millions of dollars” by claiming its members were treated for conditions they either did not have or were treated for. The allegations are against Texas-based WellMed, which UnitedHealth acquired in 2011. UnitedHealth’s stock was still up 33% over the past 12 months, while the Dow was up 25%.

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.

…read more

From:: Stock Market News

The Trump administration is considering mobilizing National Guard troops to round up unauthorized immigrants, the Associated Press reported Friday. Citing a draft memo, the AP said the White House is mulling the use of as many as 100,000 troops. The memo said the proposed enforcement would go as far east as New Orleans, La., and as far north as Portland, Ore. A senior assistant White House press secretary tweeted “not true” about the story but did not go into any detail.

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.

…read more

From:: Stock Market News