Category: Market News
Ebay Inc. EBAY, +0.20% said Tuesday that it is expanding its “Authenticity Guarantee” to trading cards. The e-commerce site will start with trading cards sold for $750 or more by mid-2022, and will extend the guarantee to those sold for $250 or more after that. The service also includes handbags sold for $500 or more, […]
A New York State judge ruled Monday that the state’s face mask mandate in public places is unconstitutional and now void, the New York Times reported, citing court documents. Gov. Kathy Hochul enacted the mandate for all indoor public places including schools in December and later extended it to Feb. 1. But State Supreme Court […]
Delta Air Lines DAL, +0.13% was upgraded to buy from hold by Berenberg analysts, who see “a better value propopsition than the European flag carriers. The U.S. airlines’ demand recovery is more advanced (partly due to their domestic bias), valuations are more compelling relative to history and balance sheets are generally in a better position; […]
Shares of Goldman Sachs Group Inc. GS, -0.15% sank $13.43, or 3.9% in morning trading Monday, enough to pace the 28-of-30 Dow Jones Industrial Average DJIA, +0.29% components that were losing ground, and putting them on track to close at a nine-month low. The stock’s price decline was shaving about 89 points off the Dow’s […]
With the S&P 500 SPX, +0.28% diving 3.0% in midday trading Monday toward the biggest one-day selloff in 15 months, more than half of the index’s components are trading in downtrend territory under some charting metrics, while nearly a third have fallen enough more than 20% from recent peaks. Currently 312, or 62%, of the […]
Gold futures settled higher on Monday, with prices finding support as U.S. benchmark stock indexes suffered a sharp decline. “Gold is clearly finding favor as portfolio insurance,” said Adrian Ash, director of research at BullionVault. “Rising interest rates would typically offer a headwind to gold, but the risk of a [Federal Reserve] mistake in hiking […]
Dow erases 1,100-point plunge to end higher as stocks see historic intraday reversal – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 24, 2022 at 4:08 p.m. ET Stocks rose Monday, with the Dow Jones Industrial Average erasing a […]
Acacia Research Corp, controlled by activist hedge fund Starboard Value LP, confirmed late Monday it has offered to buy department store Kohl’s Corp. KSS, +36.02% for $64 a share in cash. The Wall Street Journal reported Acacia’s interest over the weekend, with Kohl’s confirming Monday that it had multiple proposals on the table. “In conversations […]
As stocks tumble, White House says Biden ‘does not look at the stock market as a means by which to judge the economy’ – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 24, 2022 at 1:59 p.m. ET White […]
Shares of Microsoft Corp. MSFT, -4.17% dove 5.8% in midday trading Monday, to put them on track for a six-month low, and enough to pace the 29-of-30 Dow Jones Industrial Average DJIA, -2.68% components that are losing ground. The stock’s $17.27 price decline, which is the stock’s second-biggest-ever price decline behind the $23.41 record selloff […]
