Category: Stock Market News

U.S. stock futures pushed higher on Monday, an indication that equities may be ready to pick up where they left off late last week. Dow futures rose 103 points, or 0.4%, to 25,417, while S&P 500 futures rose 4.7 points, or 0.2%, to 2,753.25. Nasdaq-100 futures inched up 2 points to 6,911.75. U.S. stocks had a burst higher late Friday, helping the Dow Jones Industrial Average finish 347.51 points, or 1.4%, higher at 24,309.99. The S&P 500 and Nasdaq Composite indexes added 1.6% and 1.8%, respectively. The gains came after the Federal Reserve’s semi-annual monetary report eased worries about the prospect of more aggressive policy action. Asian stocks moved higher, while the U.S. dollar pulled back, with the ICE Dollar Index down 0.2% to 89.648. Gold prices jumped $10.50, or 0.8%, to $1,340.80 an ounce.

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

U.S. stock futures pushed higher on Monday, an indication that equities may be ready to pick up where they left off late last week. Dow futures rose 103 points, or 0.4%, to 25,417, while S&P 500 futures rose 4.7 points, or 0.2%, to 2,753.25. Nasdaq-100 futures inched up 2 points to 6,911.75. U.S. stocks had a burst higher late Friday, with the Dow Jones Industrial Average finishing up 347.51 points, or 1.4%, to 24,309.99. The S&P 500 and Nasdaq Composite indexes added 1.6%, and 1.8%, respectively. Gains came after the Federal Reserve’s semi-annual monetary report didn’t hint of more aggressive policy action. Asian stocks also moved higher, while the U.S. dollar pulled back, with the ICE Dollar Index down 0.2% to 89.648. Gold prices jumped $10.50, or 0.8%, to $1,340.80 an ounce.

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. stock futures pushed higher on Monday, an indication that equities may be ready to pick up where they left off late last week. Dow futures rose 103 points, or 0.4%, to 25,417, while S&P 500 futures rose 4.7 points, or 0.2%, to 2,753.25. Nasdaq-100 futures inched up 2 points to 6,911.75. U.S. stocks had a burst higher late Friday, with the Dow Jones Industrial Average finishing up 347.51 points, or 1.4%, to 24,309.99. The S&P 500 and Nasdaq Composite indexes added 1.6%, and 1.8%, respectively. Gains came after the Federal Reserve’s semi-annual monetary report didn’t hint of more aggressive policy action. Asian stocks also moved higher, while the U.S. dollar pulled back, with the ICE Dollar Index down 0.2% to 89.648. Gold prices jumped $10.50, or 0.8%, to $1,340.80 an ounce.

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

Warren Buffett, the 87-year-old chairman of Berkshire Hathaway Inc. , is retiring from Kraft Heinz Co.’s board following the end of his term in April, according to the food company Friday. “Mr. Buffett decided to retire from the board as he decreases his travel commitments,” said Kraft Heinz in a statement. The company’s board plans to nominate Alexandre Van Damme to stand for election at the 2018 Annual Meeting on April 23 to replace Buffett. Shares of Kraft Heinz fell 1.5% after hours.

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 S&P 500 index on Friday broke above a level that represents a retracement of about 68% of its recent market downturn put in earlier this month. The so-called Fibonacci retracement level between 2,742 and 2,744, is viewed as a level that has proved elusive for the broad-market benchmark to overcome since entering correction territory, described as a decline of at least 10% from a recent peak, on Feb 8, along with the Dow Jones Industrial Average and the Nasdaq Composite Index . The Fibonacci ratio, made famous by a 13th-century mathematician named Leonardo Fibonacci of Pisa, is based on a number sequence in which the sum of two adjacent numbers forms the next higher number. The calculation is viewed by market technicians as a significant component for price discovery of an asset. The S&P 500 closed up 1.6% at around 2,747, well above that technical line.

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

U.S. stocks closed sharply higher on Friday, with major indexes ending up more than 1% as investors grew less concerned over the prospect of the Federal Reserve becoming more aggressive in raising interest rates in order to combat inflation. The Dow Jones Industrial Average rose 1.4%, or 349 points, to 25,312. The S&P 500 added 43 points, or 1.6%, to 2,747. The Nasdaq Composite Index climbed 127 points, or 1.8%, to 7,337. Both the Dow and the S&P posted their second straight daily gain, while the Nasdaq snapped a four-day losing streak. All three posted a second straight weekly advance; the Dow rose 0.4% over the week while the S&P added 0.6% and the Nasdaq rose 1.4%. Recent trading has been driven by concerns that inflation could be returning to the market, and that the Federal Reserve may have to become more aggressive to combat such a scenario. In its semiannual monetary policy report to Congress, the Fed signaled that it saw broad improvement in the U.S. economy, and while it pointed to a pickup in inflation toward the end of last year, it didn’t suggest that a rise in prices warranted more aggressive policy action. That helped support equity prices in afternoon trading. The day’s gains were broad, with all 11 primary S&P 500 sectors ending higher on the day. Technology shares were among the biggest percentage gainers, up 2.2%, while energy rose 2.2%, supported by a 1.2% increase in the price of crude oil. In company news, HP Inc. rose 3.5% after stronger-than-expected results, while Hewlett Packard Enterprise Co. also rallied in the wake of its results. The stock closed 10.5% higher.

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 S&P 500 index on Friday is attempting to break above a level that represents a retracement of about 68% of its recent market downturn earlier this month. The so-called Fibonacci retracement level between 2,742 and 2,744, is viewed as a level that has proved elusive for the broad-market benchmark to overcome since entering correction territory, described as a decline of at least 10% from a recent peak, on Feb 8, along with the Dow Jones Industrial Average and the Nasdaq Composite Index . The Fibonacci ratio, made famous by a 13th-century mathematician named Leonardo Fibonacci of Pisa, is based on a number sequence in which the sum of two adjacent numbers forms the next higher number. The calculation is viewed by market technicians as a significant component for price discovery of an asset. Most recently, the S&P 500 was up 1.5% at 2,743, threatening to close above that technical line.

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 U.S. Secret Service said Friday it apprehended a female driver after a vehicle struck a security barrier near the White House. The vehicle didn’t breach the barrier of the White House complex, the Secret Service said on Twitter.

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 Composite Index is rallying on Friday, capping a curious week for the technology laden index that places it a mere 2.4% from its all-time high set on Jan. 26. The Nasdaq Composite , most recently, was up 116 points, or 1.2%, at 7,326.69, putting it 180 points or 2.4% shy of its record at 7,505.77. That represents a roughly 8.1% gain over 10 trading sessions for the benchmark, which is viewed as a proxy for risk appetite on Wall Street, since it tumbled into correction territory on Feb. 8, along with the Dow Jones Industrial Average and the S&P 500 index . A correction is typically defined as a drop of at least 10% from a recent drop. The Dow and S&P 500 also were recovering sharply, but the Nasdaq has been outperforming both of its peers, even after marking a four-day losing stretch on Thursday–its longest skid since Nov. 4, 2016.

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

Dropbox Inc. publicly filed for an initial public offering Friday, setting the stage for a long-awaited debut of a Silicon Valley startup that was valued at $10 billion in private investment four years ago. The cloud-based online storage network estimated that it would seek to raise $500 million in the offering, though that figure is typically a placeholder that will be updated in later filings. The company, which was founded in 2007, revealed growing revenue and shrinking losses in the filing. Revenue rose from $603.8 million to $844.8 million to $1.1 billion in the last three calendar years, while losses fell from $325.9 million to $210.2 million to $111.7 million in the same time period. Dropbox has raised more than $600 million in private funding, and was valued at $10 billion in its last round in January 2014, according to The Wall Street Journal. The company plans to list on the Nasdaq exchange under the ticker symbol DBX, and Goldman Sachs and J.P. Morgan are listed as lead underwriters among 12 banks named.

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