Category: Market News

Feb 26
Dow surges 835 points to log best day in over a year as stock-market investors shake off Russia-Ukraine crisis

U.S. stock gauges rallied Friday, marking a second straight day of powerful gains that erased ugly losses produced earlier in the holiday-shortened week, as investors appeared to respond to apparent positive developments in Eastern European conflict. Gains gather steam after Moscow agreed to talks with Ukrainian leadership and even as the country’s capital Kyiv was under […]

Feb 26
Moody's puts Russia, Ukraine debt ratings on road to downgrades

Moody’s Investors Service said late Friday it has placed Russia’s and Ukraine’s credit ratings on review for possible downgrades, which in the case of Russia’s debt would mean a slide toward speculative, or junk, ratings. The action was triggered by Russia’s invasion, the bond ratings agency said. Russia currently holds a Baa3 rating, Moody’s lowest […]

Feb 26
Molina Healthcare to join the S&P 500 index

S&P Dow Jones Indices said late Friday that Molina Healthcare Inc. MOH, +3.52% will join the S&P 500 index SPX, +2.24%, replacing IHS Markit Ltd INFO, +0.74%, which is being acquired by S&P Global Inc. SPGI, -0.21%, an S&P 500 constituent. Energy company Range Resources Corp. RRC, -1.93% will replace Molina Healthcare in the S&P […]

Feb 25
U.S. to sanction Putin, Lavrov directly over Ukraine invasion, White House says

The U.S. will join the European Union in directly sanctioning Russian President Vladimir Putin over the invasion of Ukraine, White House press secretary Jen Psaki said Friday. The U.S. will also sanction Russian Foreign Minister Sergey Lavrov and members of the Russian national security team, Psaki said. There are uncertainties about the extent of Putin’s […]

Feb 25
All 30 Dow stocks rise, led by J&J and UnitedHealth; 3M set to snap longest losing streak in 10 years

The shares of all 30 components of the Dow Jones Industrial Average DJIA, +2.41% gained ground in afternoon trading Friday, as the blue chip barometer surged toward its biggest gain in 21 months. Of the Dow’s best percentage performers, shares of both Johnson & Johnson JNJ, +5.30% and 3M Co. MMM, +5.35% shot up 5.5%. […]

Feb 25
Paramount Group stock soars after Monarch Alternative Capital's buyout bid values REIT at $2.2 billion

Shares of Paramount Group Inc. PGRE, +21.58% soared 21.3% toward an 8-month high after the real estate investment trust (REIT) focused on officer properties confirmed it received an “unsolicited” buyout bid from private-equity firm Monarch Alternative Capital LP. The bid, for $12 a share in cash, represents a 29.2% premium over Thursday’s closing price of […]

Feb 25
Stocks open mostly higher as investors monitor Russia invasion of Ukraine

U.S. stocks opened mostly higher Friday, as investors continued to monitor events in Ukraine as Russian forces were seen closing in on the capital Kyiv. Equities bounced back from sharp losses Thursday following the launch of the invasion, ending the day with gains. The Dow Jones Industrial Average DJIA, +0.45% rose 111 points, or 0.3%, […]

Feb 25
Ocugen's stock jumps 4% after saying FDA lifted hold on trial for experimental COVID-19 shot

Shares of Ocugen Inc. OCGN, -2.40% gained 4.7% in premarket trading on Friday after the company said the Food and Drug Administration lifted the clinical hold for the COVID-19 vaccine it’s developing with Bharat Biotech, a privately held biotech based in Hyderabad. The vaccine candidate is currently in a Phase 2/3 clinical trial, and Ocugen […]

Feb 25
BlackRock, Warner Music seed fund to invest in music from female and diverse artists: WSJ

BlackRock Inc. BLK, -0.10% and Warner Music Group Corp. WMG, +2.88% have committed $750 million for a fund to invest in music catalogs from female and diverse artists, The Wall Street Journal reported on Thursday. Citing people familiar with the deal, the newspaper article said the fund is set up in partnership with Influence Media, […]

Feb 25
U.S. stocks end higher Thursday, reversing sharp declines sparked by Russia's attack on Ukraine

Major U.S. stock indexes recovered considerable ground on Thursday to end higher, despite stumbling early in the session after Russia launched a military assault on Ukraine. The Dow Jones Industrial Average DJIA, +0.28% flipped positive in the final 15 minutes of trade, adding about 90 points, or 0.3%, to end near 33,222. The S&P 500 […]