Category: Market News
U.S. stock indexes finished lower on Friday, capping a turbulent week on Wall Street with modest losses after the Federal Reserve moved its policy rate up by a half-percentage point and signaled similar increases were likely at the central bank’s next two policy meetings. The Dow Jones Industrial Average DJIA, -0.30% shed about 96 points, […]
Fed-funds futures traders see an 83% likelihood that the Federal Reserve will raise its main policy rate target by 75 basis points in June, to between 1.5% and 1.75%, according to the CME FedWatch Tool. Though down from 94% a week ago, the expectations have remained relatively unshaken even after Fed Chairman Jerome Powell said […]
Bausch + Lomb Corp.’s stock BLCO, +5.72% debuted Friday with a slight gain, which helped justify the disappointing pricing overnight of the lenses and medical devices maker’s initial public offering. The company said late Thursday that its IPO priced at $18 a share, which was well below the expected range of between $21 and $24, […]
Shares of Nike Inc. NKE, -6.62% dove 6.4% in morning trading, enough to pace the Dow Jones Industrial Average’s DJIA, -1.53% decliners, in the wake a disappointing earnings report from Germany-based athletic apparel and gear rival adidas AG ADDYY, -5.37% ADS, -5.49%. Nike’s stock was trading at the lowest price seen during regular-session hours since […]
Hovde Group analyst Bryce Rowe on Friday upgraded shares of Owl Rock Capital Corp. orcc to outperform from market perform and maintained his target price of $15 a share for the New York-based business development company. While he cut his second-quarter net interest income view by 3 cents a share to $1.32 a share, Rowe […]
The Democratic-led Senate will next week take a vote to codify Roe v. Wade, Majority Leader Chuck Schumer, a New York Democrat, said Thursday. Schumer announced a planned Wednesday vote in a tweet, following news that the Supreme Court looks poised to overturn the landmark Roe v. Wade abortion-rights decision. The measure appears poised to […]
William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. Source: Marketwatch
Boeing Co. BA, -4.14% is moving its global headquarters to Arlington, Va., the aerospace and defense company said Thursday. The Wall Street Journal broke the news about the imminent move earlier Thursday. Boeing vowed to keep a “significant presence” in Chicago, where it moved in 2001. The Northern Virginia campus will “support various corporate functions […]
Karine Jean-Pierre has been promoted to White House press secretary, President Joe Biden announced Thursday in a news release. Jean-Pierre, who has been the White House’s principal deputy press secretary, is taking over from Jen Psaki, who will depart from the White House on May 13, the release said. Reports a month ago said Psaki […]
Stocks ended sharply lower Thursday, with the Nasdaq Composite COMP, -4.99% dropping 5% as major indexes more than wiped out gains seen the previous session in a relief rally that followed a widely anticipated Federal Reserve rate hike. Tech and other growth stocks were hardest hit as Treasury yields jumped, with the 10-year rate at […]