Category: Stock Market News

Hillary Clinton’s campaign raised $143 million in August, in what it said was its best fundraising month yet. The campaign said about $62 million of the total was for Hillary for America, while $81 million was for the Democratic National Committee and state parties nationwide. The average donation to the campaign in August was about $50.

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Nvidia Corp. [s:nvda], which has experienced strong gains since announcing efforts in autonomous driving and deep learning, received another bump Thursday after announcing a partnership with Baidu Inc. to build a driverless car. The chipmaker has been working with the Chinese tech firm on artificial intelligence efforts since 2012, according to The Wall Street Journal, and will now develop a full autonomous-driving platform in concert with Baidu, which has permission to test its driverless cars in California. Nvidia, which has recently traded at record highs, gained about 3% in Wednesday trading to top $63, putting it in position to top its all-time closing high of $63.04; Baidu also added 3% in U.S. trading.

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Oil futures fell for a fourth session in a row Thursday to settle at their lowest level in three weeks. Reported comments from Russia pointed to the country’s unwillingness to join in on a possible plan to stabilize oil production, U.S. crude supplies rose in the latest week, and a fall in U.S. manufacturing activity raised worries about energy demand. October WTI crude dropped $1.54, or 3.5%, to settle at $43.16 a barrel on the New York Mercantile Exchange, the lowest finish since Aug. 10, according to FactSet data.

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Hewlett Packard Enterprise Co. shares jumped Thursday after a report that the company is looking to sell its software business in a multibillion-dollar deal. Reuters reported that HPE was negotiating with private-equity firm Thoma Bravo LLC and seeking a price of $8 billion to $10 billion, after Thoma Bravo beat out other private-equity suitors. The enterprise-focused spinoff of the former Hewlett-Packard built its software unit through acquisitions, including the ill-fated purchase of Autonomy for more than $10 billion, a deal that has led to HPE accusing Autonomy of fraud. Chief Executive Meg Whitman is looking to sell the unit to focus on hardware like networking, servers and storage, Reuters reported. HPE shares moved from a loss on the day to gains of more than 3% after the report hit.

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Apple Inc. developers are “previewing” new integrations with Siri which would allow the user to make a payment using their voice, the company said Thursday. In a press release, Apple gave the example of sending money through Square by saying “Hey Siri, send Lindsey Welch $20 using Cash.” The integrations will also allow the user to send voice-activated WhatsApp or LinkedIn messages. Shares of Apple were up 0.4% in midday trade Thursday.

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Natural-gas futures fell further on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity rose 51 billion cubic feet for the week ended August 26. That was above the average rise of 43 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.401 trillion cubic feet, up 238 billion cubic feet from a year ago and 334 billion cubic feet above the five-year average, the government said. October natural gas fell 7.5 cents, or 2.6%, from Wednesday’s settlement to $2.812 per million British thermal units. It traded at $2.838 before the data.

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J.C Penney Co. Inc. will debut its first private-label plus-size line, Ashley Nell Tipton for Boutique+, on Sept. 9. Designed by “Project Runway” winner Ashley Nell Tipton, the line will include graphic t-shirts and pleated skirts priced from $15.99 to $35.99, and other items. The collection will be available in 500 stores and online. J.C. Penney has released an online series about designing the collection, and will live stream a fashion show from New York City on Sept. 6. A holiday capsule collection will debut on Oct. 28. Tipton spoke with MarketWatch about shifts in plus-size fashion last fall. J.C. Penney shares are down 0.5% in Thursday trading, but up nearly 41% for the year so far. The S&P 500 Index is up 6.1% for the same period.

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SpaceX’s Falcon 9 rocket has exploded as part of a test on a launch pad in Cape Canaveral, Florida, according to eyewitness accounts posted to Twitter. The company was scheduled to do a static test-fire of the rocket, which it previously landed safely on a ship in April – a historic move– after it delivered supplies to the International Space Station. Witnesses reported a huge roar from the explosion that shook nearby buildings, as well as a plume of dark smoke. SpaceX did not immediately respond to MarketWatch’s request for more information. It was preparing to use the rocket for an upcoming mission that would have marked the first reuse of a returned SpaceX booster.

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The smartphone market is expected to significantly decelerate in 2016, with developed markets such as the U.S., Canada, Western Europe and Japan weighing most heavily. Worldwide smartphone shipments are expected to reach 1.46 billion units in 2016, marking a year-over-year growth rate of 1.6%, according to the latest forecast from tech-industry tracker IDC. That is down sharply from 10.4% growth in the year-earlier period. More developed regions are expected to be the biggest drag on the market, with IDC anticipating a decline of 0.2% in those markets over the 2015-2020 forecast period. Shares of smartphone market leader Alphabet Inc. have risen 5.5% in the past three months, while those of second-runner-up Apple Inc. have increased nearly 8%. The S&P 500 , meanwhile, is up 3.5%.

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U.S. stocks on Thursday opened slightly higher after a pair of economic reports showed continued strength in the labor market but falling domestic productivity. The flurry of data came ahead of the closely watched nonfarm-payrolls report due Friday, which could help determine the path of monetary policy after Federal Reserve members have hinted that the time to hike rates is nearing. Meanwhile, fresh declines in oil prices continued to weigh on the main equity benchmarks. The S&P 500 added less than a point, or less than 0.1%, to 2,172. The Dow Jones Industrial Average added 9 points, or less than 0.1%, to 18,409. The Nasdaq Composite Index gained 8 points, or 0.2%, to 5,221.

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