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The Dow Jones Industrial Average, and the broader stock market, traded in record territory on Monday, as President Donald Trump addressed a mass shooting in Las Vegas that left scores dead and injured. Trump described the shooting, which killed at least 58 and left more than 400 casualties, as an “act of pure evil” in a speech delivered at 10:50 a.m. Eastern. The Dow is trading up 0.6% at 22,545, the S&P 500 index climbed 0.3% at 2,527, while the Nasdaq Composite Index was up 0.3% at 6,512. The Dow and S&P 500 were hovering at all-time highs as investors focused on upbeat expectations for third-quarter corporate results. A gunman on the 32nd floor fired at a crowd at an open-air concert at the Mandalay Bay Casino late Sunday. Flags in Washington, D.C. have been flying at half staff and a moment of silence was observed at the White House, and earlier at U.S. stock exchanges.

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 Dow Jones Industrial Average, and the broader stock market, traded in record territory on Monday, as President Donald Trump addressed a mass shooting in Las Vegas that left scores dead and injured. Trump described the shooting, which killed at least 58 and left more than 400 casualties, as an “act of pure evil” in a speech delivered at 10:50 a.m. Eastern. The Dow is trading up 0.6% at 22,543, the S&P 500 index climbed 0.3% at 2,527, while the Nasdaq Composite Index was up 0.2% at 6,509. The Dow and S&P 500 were hovering at all-time highs as investors focused on upbeat expectations for third-quarter corporate results. A gunman on the 32nd floor fired at a crowd at an open-air concert at the Mandalay Bay Casino late Sunday. Flags in Washington, D.C. have been flying at half staff and a moment of silence was observed at the White House, and earlier at U.S. stock exchanges.

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

Oil prices declined Monday as data showing a monthly decline in oil-producer compliance with OPEC-led production cuts and a weekly rise in U.S. rigs drilling for oil pushed prices to their lowest settlement in more than a week. November WTI crude lost $1.09, or 2.1%, to settle at $50.58 a barrel on the New York Mercantile Exchange. Prices saw their lowest finish since Sept. 21, according to FactSet data.

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

Gold prices fell Monday to settle at their lowest level in almost eight weeks, with strength in the dollar and U.S. stock benchmarks in record territory weakening investment demand for the precious metal. December gold lost $9, or 0.7%, to settle at $1,275.80 an ounce. That was the lowest finish for a most-active contract since Aug. 8, according to FactSet data.

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 Dow Jones Transportation Average pulled back sharply Monday from the previous session’s record close, to buck the rally seen in the broader stock market, amid weakness in railroad stocks after a downbeat note from Morgan Stanley. The Dow transports were down 45 points, or 0.5%, with 12 of 20 components losing ground. The biggest decliner is CSX Corp.’s stock , which is shedding 3.2% after the rail operator was downgraded to underweight at Morgan Stanley, which said there was “no green light yet” for investors to buy into the sector. Among the Dow transports’ other rail companies, shares of Union Pacific Corp. slid 1.1% after being downgraded to equal weight at Morgan Stanley, Kansas City Southern fell 1.7% and Norfolk Southern Corp. gave up 0.6%. Those four stocks were shaving about 35 points off the Dow transports’ price. Other big losers include shares of J.B. Hunt Transport Services Inc. , which lost 2.5% and United Continental Holdings Inc. , down 1.2%. Meanwhile, the Dow Jones Industrial Average surged 116 points, or 0.5%, to a record high.

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 Macy’s Inc. and J.C. Penney Co. Inc. have sunk in Monday trading after a New York Post report that talks to take fellow department store retailer Nordstrom Inc. private have faltered. Macy’s stock is down 6% in Monday trading, and J.C. Penney is down nearly 8% so far. Kohl’s Inc. has also dipped 3.7%. Nordstrom shares are down 7.4% after the report. Analysts at Cowen & Co. released retail traffic numbers for the fifth week of September, showing an 8.1% year-over-year decline, with apparel down 8.2%, and electronics down 30.2% year-over-year. Macy’s shares have dropped 42.7% for the year so far, J.C. Penney shares are down nearly 58%, and Nordstrom shares are down nearly 9% for the period. The SPDR S&P Retail ETF is down 5.6% for 2017 to date while the S&P 500 index is up almost 13% for the period and the Dow Jones Industrial Averge is up 13.4%.

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 Dow Jones Industrial Average, and the broader stock market, traded in record territory on Monday as President Donald Trump addressed a mass shooting in Las Vegas that left scores dead and injured. Trump described the shooting, which killed at least 58 and left more than 400 casualties, as an “act of pure evil” in a speech delivered at 10:50 a.m. Eastern. The Dow is trading up 0.5% at 22,515, the S&P 500 index climbed 0.3% at 2,526, while the Nasdaq Composite Index was up 0.2% at 6,506. The Dow and S&P 500 were hovering at all-time highs as investors focused on upbeat expectations for third-quarter corporate results. A gunman on the 32nd floor fired at a crowd at an open-air concert at the Mandalay Bay Casino late Sunday. Trump also said flags will be flow at half staff in Washington, D.C.

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

Former Equifax CEO Richard Smith said he’s “deeply sorry” for a data breach at the company that affected more than 140 million Americans. In testimony prepared for a House Energy and Commerce subcommittee hearing on Tuesday, Smith said Equifax was hacked by a “yet unknown entity” and that hackers exploited a vulnerability in software the company was using. “The vulnerability remained in an Equifax web application much longer than it should have,” Smith said. The hearing on Tuesday is one of several scheduled this week regarding the breach.

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

Roku Inc. shares slipped Monday from last week’s surge following the streaming-video device company’s initial public offering. Roku shares declined 9.8% to $23.95 on volume that was lighter from their first two days of trading. By midday, 10 million shares had traded hands, compared with full-session volume of 44.3 million on Friday and 39.3 million on Thursday. On Monday, Roku announced a line of five new streaming players available for pre-order, priced from $29.99 to $99.99, and available on Oct. 8. By Friday, Roku shares had nearly doubled from their IPO pricing of $14 a share on Thursday, after reaching a high of $29.80.

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