Category: Market News
U.S. stocks opened lower on Monday with the S&P 500 pulling back from Friday’s six-week high as investors wait for the Federal Reserve to deliver another jumbo interest-rate hike later this week. The S&P 500 SPX, -0.47% fell 25 points, or 0.7%, to 3,875. The Dow Jones Industrial Average DJIA, -0.17% shed 199 points, or […]
The U.S.-listed shares of China-based companies took a broad beating in early trading Monday, after data showing factory and services activity in China contracted in October. The iShares China Large-Cap ETF FXI, -2.60% dropped 3.1% in premarket trading, putting them on track to open at the lowest price seen during regular-session hours since October 2008. […]
Shares of Emerson Electric Co. EMR, +1.76% gained 0.7% in premarket trading, after automation technology and software company confirmed Monday an agreement to sell a majority stake in its climate technologies business to Blackstone Inc. BX, +0.68% in a deal that values the business at $14.0 billion. The deal was originally reported by The Wall […]
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
Shares of Meta Platforms Inc. META, +1.29% suffered their largest weekly plunge on record this week as the company’s third-quarter earnings report met a chilly reception on Wall Street. The stock lost 23.7% over the course of the week. The prior worst weekly drop for Meta shares was a 21.4% decline sustained in the week […]
Alphabet Inc.’s GOOGL, +4.50% GOOG, +4.44% Google is preparing a legal fight over $275 million in fines by Indian regulators for antitrust violations last week that Google claims would change its approach to its Android operating system, according to a Reuters report. Indian officials levied $275 million in two decisions last week: one for the […]
Traders see a slim, but growing, chance that the Federal Reserve will surprise markets by delivering a 50-basis-point rate hike next Wednesday. They put the likelihood around such a scenario occurring at 15.9%, up from 11.5% on Thursday, according to the CME FedWatch Tool. Meanwhile, the chance of a 75-basis-point move was seen at 84.1%, […]
U.S. stocks opened mixed Friday after a reading from the Federal Reserve’s preferred inflation gauge showed that the cost of living is still running hot. The blue-chip gauge Dow Jones Industrial Average DJIA, +1.82% rose 0.5% soon after the opening bell, while the S&P 500 SPX, +1.53% gained 0.1% and technology-heavy Nasdaq Composite COMP, +1.72% […]
Paul Pelosi, the husband of House Speaker Nancy Pelosi, was “violently assaulted” early Friday following a break-in at the couple’s residence in San Francisco, the speaker’s office said. “Mr. Pelosi was taken to the hospital, where he is receiving excellent medical care and is expected to make a full recovery,” said Speaker Pelosi’s spokesman Drew […]
Shares of LyondellBasell Industries N.V. LYB, +0.35% sank 5.2% in premarket trading Friday, after the chemical company reported third-quarter profit that fell well below expectations, as higher energy costs, new supply and weaker markets pressured margins. “Global demand for LyondellBasell’s products utilized in consumer packaging remained stable, but demand from durable goods markets softened,” the […]
