Category: Stock Market News

Meal kit delivery service HelloFresh has launched HelloFresh Wine, a monthly subscription service for $89 plus tax per month. Packages come with six full-size 750 milliliter bottles that correspond to the recipes for the month, and HelloFresh will provide pairing suggestions and other information. Sequential Brands Group Inc. announced last month that the Martha Stewart brand, through a partnership with Drinks, would launch an online wine shop. Martha Stewart has also partnered with Marley Spoon Inc. for Martha & Marley Spoon, a meal kit service available through AmazonFresh. Sequential Brands shares are down 15% for the past three months, and Amazon.com Inc. shares are up 16.2% for the period. The S&P 500 index is up 4% for the last three months.

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

Leggett & Platt Inc. said Tuesday that it raised its quarterly dividend by 5.9% to 36 cents a share from 34 cents a share. The new dividend will be payable July 14 to shareholders of record on June 15. Shares of the diversified manufacturer edged up less than 0.1% to $53.47. At that price, the new annual dividend rate implies a dividend yield of 2.69%, compared with the S&P 500 dividend yield of 2.01%, according to FactSet. The company said it has now raised its annual dividend for 46 consecutive years. Separately, the company said shareholders elected Tuesday the nine nominees to directors that were proposed by the board. The stock has rallied 9.4% year to date, while the S&P 500 has gained 7.2%.

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

The Dow Jones Industrial Average on Tuesday was trading slightly higher and aiming for its first three-day gain in 51 trading days, according to FactSet data. The Dow , which finished barely in positive territory on Monday, hasn’t booked three consecutive sessions in the green since the period ended Feb. 27, when the blue-chip gauge went 12 consecutive days with a close in positive territory–its longest win streak since 1987. However, since that period, stocks have moved skittishly amid doubts about President Donald Trump’s pro-market agenda. Upbeat corporate earnings and the easing of geopolitical tensions, following the French election over the weekend has provided some support for stocks to rise, but U.S. equity gains so far have been lackluster. That said, recent moves have been sufficient to nudge the S&P 500 and the Nasdaq Composite indexes to all-time highs. Meanwhile, a measure of fear on Wall Street, the CBOE Volatility Index , put in its lowest close since 1993 on Monday and is hovering around those lows in Tuesday trade. The Dow was most recently clinging to a less-than 0.1% gain at 21,026, while the S&P 500 index was showing a gain of 0.1%. The Nasdaq Composite boasted a firmer 0.4% climb at 6,126.

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

WASHINGTON (MarketWatch) — Wholesale inventories rose 0.2% in March, according to Commerce Department data released Tuesday. This was above the preliminary reading of a 0.1% decline. Inventories in February were revised up down to a 0.3% gain from the previous estimate of a 0.2% gain. The inventory-to-sales ratio remained steady at 1.28 in March, down from 1.35 in the same period a year earlier.

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

Macy’s Inc. said Tuesday that it is releasing a limited-time exclusive Cynthia Rowley summer collection on May 15. CR by Cynthia Rowley will include tops, skirts, dresses and more priced in the range of $79 to $179. The collection will be available at 149 Macy’s stores. Macy’s shares are up 0.6% in Tuesday trading, but down 23.6% for the past year. The S&P 500 index is up 16.7% for the last 12 months.

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

U.S. stocks on Tuesday opened at or near record levels as investors appeared heartened by upbeat earnings reports and the easing of some of the market’s near-term worries. The Dow Jones Industrial Average traded 22 points, or less than 0.1%, at 21,1033, the S&P 500 index gained about 3 points, or 0.1%, at 2,401, briefly eclipsing its intraday record of 2,401.36 set on Monday, while the Nasdaq Composite Index climbed 7 points, or 0.2%, at 6,116-a new intraday record for the tech-heavy index. A measure of market volatility, the CBOE Volatility Index , fell to a roughly 23-year low on Monday and threatened to hit its lowest level in history, according to FactSet. The VIX has been closely followed because it implies to some market participants that investors may be getting too complacent about the possibility of sharp dives in equities, after a monthslong rise that has taken them to repeated record levels. Meanwhile, the 10-year Treasury note yield [BX: TMUBMUSD10Y], which moves inversely to price, was at 2.40%, around the highest level in weeks for the benchmark bond. Shares of Office Depot Inc. , Valeant Pharmaceuticals International Inc. and Marriott International Inc. were all trading higher after reporting better-than-expected quarterly results. Moves for the markets come after one big geopolitical overhang subsided over the weekend, with the French presidency won by Emmanuel Macron, viewed as a pro-market candidate.

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

U.S. stocks on Tuesday opened at or near record levels as investors appeared heartened by upbeat earnings reports and the easing of some of the market’s near-term worries. The Dow Jones Industrial Average traded 22 points, or less than 0.1%, at 21,1033, the S&P 500 index gained about 3 points, or 0.1%, at 2,401, briefly eclipsing its intraday record of 2,401.36 set on Monday, while the Nasdaq Composite Index climbed 7 points, or 0.2%, at 6,116-a new intraday record for the tech-heavy index. A measure of market volatility, the CBOE Volatility Index , fell to a roughly 23-year low on Monday and threatened to hit its lowest level in history, according to FactSet. The VIX has been closely followed because it implies to some market participants that investors may be getting too complacent about the possibility of sharp dives in equities, after a monthslong rise that has taken them to repeated record levels. Meanwhile, the 10-year Treasury note yield [BX: TMUBMUSD10Y], which moves inversely to price, was at 2.40%, around the highest level in weeks for the benchmark bond. Shares of Office Depot Inc. , Valeant Pharmaceuticals International Inc. and Marriott International Inc. were all trading higher after reporting better-than-expected quarterly results. Moves for the markets come after one big geopolitical overhang subsided over the weekend, with the French presidency won by Emmanuel Macron, viewed as a pro-market candidate.

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 Timken Co. said Tuesday it’s raising its quarterly dividend by 4% to 27 cents a share. The maker of bearings and mechanical power transmission products said the new payment will be made June 1 to shareholders of record as of May 19. Shares were trading up 0.7% Tuesday, and are up 21% in 2017 so far, while the S&P 500 has gained 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.

…read more

From:: Stock Market News

Shares of Apple Inc. rose 0.6% in premarket trade Tuesday, which puts them on track to open in record territory, and enough to give the technology giant a market capitalization north of $800 billion. Apple’s market cap ballooned to as much as $801.37 billion in intraday trade Monday, when the stock reached an all-time intraday high of $153.70, before the stock pared gains to value Apple at $797.72 billion at the close. With 5.21 billion shares outstanding as of March 31, according to filings, and with the stock trading at $153.85 ahead of the open, Apple is set to be valued at $802.15 billion at the open. The stock has to end the day at $153.44 to give Apple an $800 billion market cap at the close. The stock has soared 32% year to date through Monday, while the Dow Jones Industrial Average has gained 6.3%.

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.

…read more

From:: Stock Market News

Kush Bottles Inc. said on Tuesday it has acquired the web domain name Roll-uh-Bowl.com, a week after completing the acquisition of the platform. Kush Bottles provides packaging, supplies, accessories and branding to the regulated cannabis industry. Roll-uh-Bowl.com, which sees an average of 39,500 monthly users, is an online distribution platform for the retail sale of medical-grade silicone water pipes. “With purchasing patterns shifting from head shops to dispensaries and with constant price pressure being put on cannabis itself, dispensaries will need to offer ancillary products to continue the growth of their business,” said Douglas Leighton of Altar Rock Capital, which was spun off of investment firm Dutchess Capital. “I believe they are well positioned to take advantage of the booming cannabis industry over the next five years.” Shares of Kush Bottles, which are traded over the counter, have gained nearly 12% in the year to date and more than 121% in the last 12 months.

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