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Shares of Williams Cos. dropped in the extended session Friday after a Delaware judge allowed Energy Transfer Equity LP to back out of a proposed merger. Williams shares fell 6.2% to $20.22 on heavy volume after hours, while shares of Energy Transfer equity jumped 8.4% to $15.
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.
From:: Stock Market News
U.S. stocks plunged Friday, posting largest drops in 10 months after U.K. citizens voted to end the country’s membership in the European Union. The main indexes ended with weekly losses for a third straight week. The S&P 500 plummeted 75.92 points, or 3.6%, to 2,037.40, its largest one-day percentage decline since Aug 24, 2015. For the week, the benchmark index lost 1.6%, the largest one-week drop since February. The Dow Jones Industrial Average suffered its largest one-day drop in 10 months, plunging 611.21 points, or 3.4%, to 17,399.86. The blue-chip index lost 1.6% over the week. Meanwhile, the Nasdaq Composite was hit the hardest, as investors dumped technology and biotech stocks. The index lost 202.06 points, or 4.1%, to 4,707.98 and declined 1.9% over 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.
From:: Stock Market News
Ditech Financial just hired Brad Goedken as its new chief information officer. Ditech says Goedken’s experience in mortgage technology will be invaluable. …read more
From:: Real Estate Wire
The Dow Jones Transportation Average tumbled 367 points, or 4.8%, to a four-month low in afternoon trade Friday, in the aftermath of the U.K. vote to leave the European Union. That puts the index on track to suffer the third-biggest point drop in its history, and the biggest since the heart of the Great Recession, on Oct. 2, 2008. All 20 of the index’s components are falling, led by the 10% plunge in American Airlines Group Inc.’s stock , the 9% slide in United Continental Holdings shares and the 8.6% drop in the shares of Avis Budget Group Inc. . The best performing stock was Expeditors International of Washington Inc. , which lost 3.3%.
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.
From:: Stock Market News
Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the implications for global economies and the potential for a slowdown in energy demand. August WTI crude settled at $47.64 a barrel on the New York Mercantile Exchange, down $2.47, or 4.9%. For the week, futures prices lost 0.7%.
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.
From:: Stock Market News
If there’s a bright spot to the stock market carnage following the U.K.’s vote to leave the European Union, it’s that despite the overwhelmingly negative breadth, the number of stocks on the NYSE hitting new 52-week highs is outnumbering those hitting new lows by a 124-to-49 score, according to FactSet. On the Nasdaq exchange, however, new lows are outnumbering new highs by 101 to 29. Elsewhere, the number of declining stocks are beating up advancers by a score of 2,643 to 426 on the NYSE, and of 2,430 to 320 on the Nasdaq. The Dow Jones Industrial Average is down 573 points, or 3.2%, while the S&P 500 is shedding 3.4% and the Nasdaq Composite is tumbling 4%.
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.
From:: Stock Market News
WASHINGTON (MarketWatch) – The “special relationship” between the U.S. and the U.K. “will not change” as a result of the Brexit vote, President Barack Obama said Friday. In brief remarks at the start of a speech at Stanford University, Obama said he has spoken to outgoing British Prime Minister David Cameron and German Chancellor Angela Merkel in the wake of the decision by U.K. voters to leave the European Union. The leaders agreed to work closely together in weeks ahead to make sure Britain’s transition out of the EU would be smooth. The North Atlantic Treaty Organization will remain a “cornerstone” of global security, Obama 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.
From:: Stock Market News
Oil futures continued to trade lower Friday afternoon, as the U.K.’s vote to leave the European Union raised economic concerns and the potential for a slowdown in energy demand. August crude was at $47.86 a barrel on the New York Mercantile Exchange, down $2.25, or 4.5%. It traded above the session’s low of $46.70, however, finding some support after Baker Hughes showed that the weekly number of active U.S. rigs drilling for crude fell for the first time in a month. The oil-rig count fell by 7 to 330 as of Friday. The total U.S. rig count edged down by 3 to 421.
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.
From:: Stock Market News
Many experts have come together to predict that interest rates will actually be lowered even further in July, despite previous predictions that rates could raise. The reason for the sudden change? The Brexit vote. …read more
From:: Real Estate Wire
Now that Great Britain’s exit from the European Union is a reality, global markets are in chaos — driving down interest rates in the process.
The results are in, and citizens of the United Kingdom have decided that they will abandon the EU by a vote of 52 percent to 48 percent.
One of the first casualties was Prime Minister David Cameron, who plans to step down after having supported the UK’s remaining in the EU.
From:: Financing