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The Connecticut women won their unprecedented fourth straight NCAA basketball title Tuesday night, cruising to an easy 82-51 win over Syracuse. All-American Brianna Stewart powered the Huskies, scoring a game high 24 points with 10 rebounds, and was named the tournament’s Most Outstanding Player for the fourth time. UConn finished the season 38-0 and has won 75 games in a row. The win was the 11th championship for head coach Geno Auriemma, who passed UCLA great John Wooden for the most in NCAA basketball history.

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The American Petroleum Institute, an industry trade group, on Tuesday reported that U.S. inventories of crude oil fell by 4.3 million barrels in the latest week, according to news reports. The API data is closely watched for clues to official data, which will be released Wednesday morning by the Energy Information Administration. Analysts surveyed by oil-data firm Platts have forecast a 2.9 million barrel rise in inventories.

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Wynn Resorts Ltd. late Tuesday said it expects first-quarter revenue from its Macau operations to drop to a range of $603 million to $613 million, compared with $705.4 million a year earlier. Adjusted property earnings before interest, taxes, depreciation and amortization, a metric commonly used by gaming companies, is projected to slip to $187 million to $195 million versus $212.3 million in the first quarter of 2015. Revenue for its Las Vegas operations is estimated to come in at $384 million to $394 million, compared with $386.9 million a year earlier. Adjusted property EBITDA is forecast at $105 million to $113 million, compared with $110.7 million in the first quarter of 2015. The casino and hotel operator is scheduled to release its quarterly earnings on April 19. Analysts surveyed by FactSet are projecting Wynn to report first-quarter earnings of 78 cents a share on revenue of $1 billion. Shares of Wynn were mostly flat in the extended session after closing down 2.7% to $90.92.

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From:: Stock Market News

Cree Inc. shares fell in the extended session Tuesday after the LED light maker forecast lower-than-expected results for the fiscal third quarter. Cree shares fell 15% to $24.78, following a brief trading halt after hours. The company said it expects adjusted third-quarter earnings of 13 cents to 15 cents a share on revenue of about $367 million because of weakness in its lighting products business. Cree had previously targeted revenue of $400 million to $430 million. Analysts surveyed by FactSet had forecast earnings of 24 cents a share on revenue of $414.4 million.

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From:: Stock Market News

U.S. stocks closed down for a second session on Tuesday in line with the global equities rout as investors shied away from assets perceived as risky on persistent economic uncertainties. The S&P 500 fell 20 points, or 1%, to close at 2,045 with all 10 sectors ending in the red. The Dow Jones Industrial Average slid 132 points, or 0.8%, to finish at 17,604, weighed down by a 2% drop in Cisco Systems while the Nasdaq shed 47 points, or 1%, to close at 4,843. In contrast, assets viewed as safe plays attracted investment helping gold prices rise and pushing the Japanese yen higher against the U.S. dollar .

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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From:: Stock Market News