Category: Market News

U.S. stock indexes closed sharply lower Monday, with technology and energy stocks leading the way down, as equities added to last week’s declines and Treasury yields marched higher. The Dow Jones Industrial Average DJIA, -1.19% shed about 412 points, or 1.2%, ending Monday near 34,309 and booking its worst daily percentage decline in more than […]

Oil futures fell on Monday, with global Brent prices settling under $100 a barrel for the first time since mid-March. Expectations for a decline in energy demand amid COVID-19 related shutdowns in China pressured prices, analysts said. West Texas Intermediate crude for May delivery CLK22, -3.65% fell $3.97, or 4%, to settle at $94.29 a […]

Shares of Veru Inc. VERU, +168.97% rocketed 175% toward a 13-month high in afternoon trading Monday, after biopharmaceutical company announced positive results from its Phase 3 trial of its oral COVID-19 treatment. Trading volume spiked up to 264.2 million shares, compared with the full-day average of about 629,400 shares, and enough to make the stock […]

President Joe Biden has tested negative again for COVID-19, the White House said Monday. That result comes as a number of officials in Washington, D.C., have tested positive for COVID in recent days, raising concerns at a time when the Biden administration’s narrative is that the pandemic is under control. The daily averages for new […]

Shares of American Express Co. AXP, -1.63% dropped 1.3% in morning trading Monday, after J.P. Morgan analyst Richard Shane downgraded the charge card and travel-related services company, citing concerns over valuation at a time of increased uncertainty over economic growth. Shane cut his rating to neutral from overweight but left his stock price target at […]

Shares of Bicycle Therapeutics Inc. BCYC, +24.54% tumbled 23.4% in premarket trading on Monday after the company shared interim data from a Phase 1 clinical trial for its urothelial-cancer treatment. Bicycle said its experimental therapy, BT8009, had a 50% overall response rate, and one of the eight patients enrolled in the study who received the […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

U.S. ports could see another cargo surge in the summer after spending recent months catching up to the backlog caused by COVID-related disruptions, according to the latest from the National Retail Federation and maritime advisory services provider Hackett Associates. “Congestion at West Coast ports has eased, but congestion at some East Coast ports is growing,” […]

The daily average for new COVID-19 cases ticked lower, to snap a three-day streak of increases, while hospitalizations and deaths continue to fall. The seven-day average of cases was 29,429 on Thursday, according to a New York Time tracker, after rising by 2,652 a day over the previous three days, but the average was still […]