Tag: stock market

Gold futures climbed Tuesday, finding some safe-haven support in the wake of the terror attacks in Belgium. But prices lost hold of the key $1,250-an-ounce level after some U.S. Federal Reserve officials Monday hinted at a possible interest-rate hike as early as April. Gold for April delivery settled at $1,248.60 an ounce, up $4.40, or 0.4%, after trading as high as $1,260.90.

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From:: Stock Market News

Gold futures climbed Tuesday, finding some safe-haven support in the wake of the terror attacks in Belgium. But prices lost hold of the key $1,250-an-ounce level after some U.S. Federal Reserve officials Monday hinted at a possible interest-rate hike as early as April. Gold for April delivery settled at $1,248.60 an ounce, up $4.40, or 0.4%, after trading as high as $1,260.90.

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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The Food and Drug Administration said Tuesday it will require new warnings on opioid pain medications for immediate-release medications and across all prescription opioid products, in an effort to limit abuse. For immediate-release products, usually taken every few hours, a new warning “about the serious risks of misuse, abuse, addiction, overdose and death” will be required, the agency said, while more information about risks will be required on the labels of all prescription opioid products. “Opioid addiction and overdose have reached epidemic levels over the past decade, and the FDA remains steadfast in our commitment to do our part to help reverse the devastating impact of the misuse and abuse of prescription opioids,” said Robert Califf, who was confirmed as FDA commissioner last month. The FDA said it had previously added warnings to another type of prescription opioid, extended-release or long-acting products, in 2013.

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Lumber Liquidators Holdings Inc.’s stock soared 14% in midday trade Tuesday, after the wood flooring maker announced an agreement with the California Air Resources Board that “fully” resolves previous inquiries into its laminate flooring products sourced from China. As part of the agreement, Lumber Liquidators will pay CARB $2.5 million, and will implement voluntary compliance procedures to ensure all of its flooring products comply with CARB’s formaldehyde standards. The company said CARB’s review was completed with no formal finding of violation of admission of wrongdoing. “We believe today’s settlement will go a long way in helping us to execute our strategy, which includes rebuilding our brand and communicating–with clarity and candor–the value of our products to our customers and stakeholders,” said Chief Executive John Presley. The stock has plunged 51% over the last year, amid concerns that its China-sourced wood flooring products carried high levels of a cancer-causing agent.

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Islamic State has claimed responsibility for the early Tuesday attacks on Brussels Airport and the city’s metro system, according to media reports. The jihadist organization issued a statement via its A’maq news agency, saying Islamic State fighters carried out a series of bombings with explosive belts and devices. “Islamic State fighters opened fire inside the Zaventem Airport, before several of them detonated their explosive belts, as a martyrdom bomber detonated his explosive belt in the Maalbeek metro station,” the group said, according to reports. Two explosions rocked the airport around 8 a.m. Tuesday local time, or 3 a.m. Eastern Time, followed an hour later by a blast at the central Brussels metro station, close to the European Union quarters. Around 34 people have been reported dead in the attacks.

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Starbucks Corp. said one of its employees was injured in Tuesday’s attacks in Brussels. The explosion in Brussels’ international airport took place outside of a Starbucks cafe. “Amidst reports of attacks targeting Brussels Airport and at a metro station, initial indications are that an explosion took place outside of a store within the airport,” the statement reads. “While one partner (employee) was injured we can confirm that all our partners have been accounted for and are safe. This store and all other Starbucks stores in Brussels will remain closed until further notice.” Starbucks shares are down 0.5% in Tuesday trading, but up 20.7% for the past 12 months. The S&P 500 is down 2.7% for the past year.

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Dutch police stopped a train traveling between Brussels and Amsterdam hours after multiple explosions rocked Brussels on Tuesday, according to news reports. The train was stopped after a passenger was acting suspciously and was heard making threats, according to an NL Times report. The train was stopped at the Hoofddorp station, one stop away from Schiphol Airport. Local police on their Twitter page said the station had been closed but has since reopened.

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One of Belgium’s biggest nuclear plants on Tuesday sent non-essential workers home after explosions ripped through Brussels’s airport and a metro station. Electrabel, the majority stakeholder in the Tihange plant, said that “people who are not strictly necessary on site can leave #security measures,” in a Twitter message. In other tweets Electrabel denied that Tihange was being evacuated, which a local broadcaster had reported. Thirty-four people have been confirmed dead and 136 wounded after the early morning explosions at the city’s international airport and the Maalbeek station on the Brussels metro.

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From:: Stock Market News

One of Belgium’s biggest nuclear plants on Tuesday sent non-essential workers home after explosions ripped through Brussels’s airport and a metro station. Electrabel, the majority stakeholder in the Tihange plant, said that “people who are not strictly necessary on site can leave #security measures,” in a Twitter message. In other tweets Electrabel denied that Tihange was being evacuated, which a local broadcaster had reported. Thirty-four people have been confirmed dead and 136 wounded after the early morning explosions at the city’s international airport and the Maalbeek station on the Brussels metro.

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U.S. stocks opened lower on Tuesday as investors turned cautious following deadly attacks in Belgium that left more than 26 people dead and scores wounded. Travel stocks, such as American Airlines Group, Inc. and Expedia Inc were among hardest hit in early trade. The S&P 500 opened 8 points, or 0.4%, lower at 2,043. The Dow Jones Industrial Average slipped 50 points, or 0.3%, to 17,572. Meanwhile, the Nasdaq Composite began the day down 25 points, or 0.5%, at 4,783.

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