Tag: stock market

General Electric Co.’s stock surged 3.2% in midday trade, enough to pace the Dow Jones Industrial Average’s gainers. The stock has now climbed 4.0% since it closed at $14.02 last Thursday, which was the lowest close since July 6, 2010. Despite Monday’s big percentage rally, the 46-cent price gain only added about 3 points to the price of the Dow, which was up 193 points. And GE’s stock was still down 17% year to date, 18% over the past three months, 41% over the past 6 months and 52% the past 12 months, making it the worst Dow performer over all four of those time frames. In comparison, the Dow has gained 0.1% this year, 2.3% the past three months, 14% the past 6 months and 18% the past year.

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 Dow Jones Industrial Average Monday afternoon was trading firmly higher, erasing a triple-digit decline to trade in positive territory. That bounce was partly aided by share gains in Caterpillar Inc. [: CAT] and McDonald’s Corp. , which had marked its worst percentage decline since 2008 on Friday, both combining to lift by the price-weighted Dow by about 40 points. U.S. equities had been under pressure on news that President Donald Trump will impose import tariffs later this week on steel and aluminum, raising the specter of a global trade war. The fear is that many large U.S. corporations would see costs increase in such an environment. The Dow was most recently up 211 points, or 0.9%, at 24,750, the S&P 500 index was up 0.9% at 2,715, while the Nasdaq Composite Index advanced 0.9% at 7,322. All three benchmarks were well off their lows, wiping out firm losses from the open.

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 largest exchange-traded fund to track Italy’s equity market fell on Monday, in the wake of a national election that yielded no clear-cut winner. The iShares MSCI Italy ETF fell 1.5% and was on track for its fifth straight daily decline. The fund has tumbled 9.9% from a recent closing high hit in late January, though it remains up 1.9% for 2018, having been supported by “an improving economic picture,” according to Chris Dhanraj, head of ETF investment strategy at BlackRock. Populist parties staged a strong showing in Sunday’s vote, and polls showed that they won about half of all votes cast. The results were seen as underscoring the depth of anger among Italians at the country’s direction and the continued power of right-leaning populist parties in European politics. If confirmed, the outcome could crack the door open to the possibility of an alliance between antiestablishment parties to form a new government. While the results indicated heightened political uncertainty in the short term, BlackRock’s Dhanraj said he doesn’t “see this as a sustained negative for the euro or regional equities,” although “political noise is poised to remain high until a sustainable coalition emerges.” The Dow Jones Industrial Average rose 0.4% on Monday while the S&P 500 was up 0.5% and the Nasdaq Composite Index was up 0.4%.

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 late-morning on Monday was tipping higher, erasing a triple-digit decline to trade modestly in positive territory. That bounce was partly aided by share gains in Caterpillar Inc. [: CAT] and McDonald’s Corp. , which had marked its worst percentage decline since 2008 on Friday, both combining to lift by the price-weighted Dow by 25 points. U.S. equities have been under pressure on news that President Donald Trump will impose import tariffs later this week on steel and aluminum, raising the specter of a global trade war. The fear is that many large U.S. corporations would see costs increase in such an environment. The Dow was most recently up 80 points, or 0.3%, at 24,616, the S&P 500 index was up 0.4%, while the Nasdaq Composite Index advanced 0.3% at 7,281. All three benchmarks were off their lows, wiping out firm losses from the open.

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 pound jumped to an intraday high in Monday afternoon trade in London after U.K. Prime Minister Theresa May said officials are getting nearer to a Brexit-transition deal with the European Union. The pound surged to $1.3858 before paring the gain to $1.3840. “We are close to an agreement on the terms of a time-limited implementation period to give governments, businesses and citizens on both sides time to prepare for our new relationship,” May said in a statement in the U.K. parliament. “I am confident we can resolve our remaining differences in the days ahead,” she said. The U.K. is expected to leave the EU in March 2019. The pound late Friday bought $1.3802.

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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Alphabet Inc.’s Google will be selling the Zagat review platform to an online startup called the Infatuation, according to a report from the New York Times. Google bought Zagat in 2011 and integrated its reviews into online search results. The Infatuation was founded in 2009 and is looking to better compete in a crowded landscape for restaurant reviews, where Google and Yelp Inc. are major players. The New York Times spoke about the sale with the Infatuation’s CEO, but he didn’t disclose an acquisition price. Google didn’t immediately return a request from MarketWatch for comment on the price. Alphabet shares are down 0.8% in Monday morning trading, while Yelp shares are down 1.1%. Alphabet’s stock has gained 26% over the past 12 months, while Yelp’s has gained 30% and the S&P 500 Index has risen 13%.

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 Dow Jones Industrial Average was being dragged firmly lower on Monday, with shares of Boeing Co. serving as the biggest weight on blue chips. Boeing’s stock was down 1.9%, or $6.49, cutting about 40 points from the Dow in early trade. A $1 move in any one of the Dow’s 30 components equates to a 6.89-point move. The Dow was most recently down 0.5% at 24,429, the S&P 500 index , meanwhile, was off 0.5% at 2,676, while the Nasdaq Composite Index was off 0.7% at 7,205. U.S. equities have been under pressure on news that President Donald Trump will impose import tariffs later this week on steel and aluminum, raising the specter of a global trade war. The fear is that many large U.S. corporations would see costs increase in such an environment.

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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Ratings for the 2018 Oscars telecast were down 16% compared with last year, according to unofficial overnight numbers reported by The Hollywood Reporter. The awards ceremony, which saw 20th Century Fox-owned Fox Searchlight’s “The Shape of Water” win best picture, garnered a 18.9 overnight rating among households between 8 p.m. and 11 p.m. Eastern. That doesn’t mean that 18.9 million people tuned in, but rather 18.9% of the households measured tuned in. That would be an all-time low, The Hollywood Reporter wrote. The overnight rating, however, does not include the last hour of the telecast when the biggest awards are given out. The 2017 Academy Awards garnered a 22.4 overnight rating and pulled in 32.9 million viewers, the lowest in nine years. Walt Disney Co.-owned network ABC broadcast both this year’s and last year’s award show. Official Nielsen viewership and ratings numbers should be available later on Monday. Shares of Disney have declined nearly 8% in the last 12 months, while the S&P 500 Index is up close to 13%.

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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U.S. stocks opened lower on Monday, extending the market’s recent weakness as concerns about a potential trade war continued to weigh on sentiment. The Dow Jones Industrial Average fell 143 points, or 0.6%, to 24,399. The blue-chip average is on track for its fifth straight daily decline, which would mark its longest such streak since March 2017. The S&P 500 sank 10 points, or 0.4%, to 2,681. The Nasdaq Composite Index was off 31 points to 7,227, a decline of 0.4%. Recent selling has been spurred by fears over the potential for a trade war. President Donald Trump last week announced tariffs on steel and aluminum, and over the weekend he threatened to slap a tariff on European autos should the European Union try to retaliate to the new tariffs. In company news, Dermira Inc. plummeted 63% after a drug failed to meet its co-primary endpoints in a trial. XL Group Ltd. jumped 30% after AXA SA agreed to buy the insurer for $15.3 billion.

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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Walmart Inc. said Monday that it is launching meal kits at more than 2,000 of its stores this year. The kits are available in more than 250 stores now. Meals are assembled daily in-store, and among the options are pre-portioned cooking kits available in deli sections that can turn the retailer’s rotisserie chickens into meals like chicken fried rice, steak Dijon, basil garlic chicken and pork Florentine. Customers can also order a meal kit online and arrange for pickup by dinnertime. The Walmart website has an expanded assortment of meal kits and other specialty items like snack boxes. Meal kit options range in price from $8 to $15 and serve two people. Walmart shares are down 0.4% in premarket trading, but up 26.8% for the past year. The news sent Blue Apron Holdings Inc. shares down 1.5% in Monday premarket trading. The Dow Jones Industrial Average is up nearly 17% for the past year.

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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