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The CBOE Volatility Index jumped Friday to levels not seen since January, and was on track for its largest ever weekly percentage jump as a broad selloff in stocks continued for a fourth straight session. The VIX, or so called “fear index,” surged more than 25% to 23.97. For the week, the index is up nearly 87%, making it the largest weekly percentage jump in the VIX, according to FactSet data. The previous largest was back in early May 2010, when the VIX jumped nearly 86% on the week. On Friday, the Dow Jones Industrial Average and S&P 500 Index were on track for weekly declines of more than 4%, and the Nasdaq Composite Index was on track for a weekly decline of more than 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.

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From:: Stock Market News

The CBOE Volatility Index jumped Friday to levels not seen since January, and was on track for its largest ever weekly percentage jump as a broad selloff in stocks continued for a fourth straight session. The VIX, or so called “fear index,” surged more than 25% to 23.97. For the week, the index is up nearly 87%, making it the largest weekly percentage jump in the VIX, according to FactSet data. The previous largest was back in early May 2010, when the VIX jumped nearly 86% on the week. On Friday, the Dow Jones Industrial Average and S&P 500 Index were on track for weekly declines of more than 4%, and the Nasdaq Composite Index was on track for a weekly decline of more than 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.

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From:: Stock Market News

tobacco giant Altria Group Inc. said Friday it is raising its quarterly dividend to 56.50 cents a share from 52 cents a share. The new dividend will be payable Oct. 9 to shareholders of record as of Sept. 15, according to a statement. Shares were slightly lower in midmorning trade, but are up 11% in the year so far, outperforming the S&P 500 which is down about 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.

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From:: Stock Market News

tobacco giant Altria Group Inc. said Friday it is raising its quarterly dividend to 56.50 cents a share from 52 cents a share. The new dividend will be payable Oct. 9 to shareholders of record as of Sept. 15, according to a statement. Shares were slightly lower in midmorning trade, but are up 11% in the year so far, outperforming the S&P 500 which is down about 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.

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From:: Stock Market News

Hurricane Danny has strengthened to a Category 2 hurricane with maximum sustained winds of 105 miles per hour, according to the National Hurricane Center. Danny, the first hurricane of the 2015 Atlantic season, is moving towards the west-northwest, and is expected to be near the Leeward Islands in the West Indies in about 72 hours and near Puerto Rico in about 96 hours, the center said in an advisory.

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

The dollar fell to its lowest level in about seven weeks Friday compared to a basket of rival currencies as a selloff in U.S. stocks continued for a fourth day. The ICE U.S. dollar index , a measure of the dollar’s strength against six rival currencies, fell 0.8% to 95.2360, its lowest level since June 30. The euro surged to 0.7% to $1.1322, while the dollar shed 0.8% to 122.51 yen. In both cases, the dollar fell to its lowest level since June 23. The Dow Jones Industrial Average was off 1.3% to 16,755, while the S&P 500 was down 1.5% to 2,006.

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

The Turkish lira edged higher against the dollar Friday after Turkish President Recep Tayyip Erdogan said he would like to hold snap elections on Nov. 1. The call for elections came after Erdogan and his Justice and Development party — known locally as AKP — again refused a request from the opposition to form a new government. The Turkish lira has been one of the worst-performing currencies vs. the dollar in 2015, shedding about 25% of its value so far this year. The currency hit its most recent all-time low of about 3.01 lira to the dollar late Wednesday, Eastern Time. One dollar bought 2.91 lira in recent trade, little-changed from its level late Thursday in New York.

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

The Nasdaq 100 slumped 0.9% in early trade Friday, pushing the technology-friendly index below its widely-watched 200-day moving average for the first time since Oct. 16. The index has now lost 4.9% in four sessions, and 7.1% since closing at a more than 15-year high of 4,679.68 on July 20. The 200-day MA, which many chart watchers use as a dividing line between longer-term uptrends and downtrends, currently comes in around 4,384. Apple Inc.’s stock , which is by far the index’s most heavily-weighted component, fell below its 200-day moving average on Aug. 3, for the first time since September 2013, and hasn’t been back above it since. Elsewhere, the Nasdaq Composite closed below its 200-day MA on Thursday, for the first time since October. The Dow Jones Industrial Average and S&P 500 Index have had multiple closes below their 200-day MAs this month.

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

​WASHINGTON (MarketWatch) — U.S. manufacturers continued to expand in August but the pace of growth tapered off to the slowest rate since October 2013, the privately run firm Markit said Friday. The Markit flash PMI index dipped to 52.9 from 53.8 in July. Readings over 50 indicate that more manufacturers are growing instead of contracting. Some companies said the growth outlook at become more cloudy, partly because of a stronger dollar that’s hurting exports. As a result, companies are taking a more cautious stance on hiring new workers, Markit 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.

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From:: Stock Market News

Shares of consumer technology companies opened largely in the red on Friday mirroring a broader market decline and extending Thursday’s losses. Shares of the Technology Select Sector SPRD Fund , whose biggest holdings include Apple Inc. , Microsoft Corp. , AT&T Inc. , Facebook Inc. , Verizon Communications Inc. , Google Inc. and IBM , fell 1% in morning trade. Shares of Apple opened at their lowest level since Jan. 23 and were down 0.7% to $111.84 in recent trade. Those of Facebook opened at their lowest level since July 10 and fell 3.5% to $87.73 in recent trade. The broader Dow Jones Industrial Average was down more than 140 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.

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From:: Stock Market News