Category: Market News
Shares of Walt Disney Co. DIS, +3.30% shot up 2.4% toward a four-month high in afternoon trading Friday, enough to pace the Dow Jones Industrial Average’s DJIA, +1.27% gainers. The rally puts the stock on track for a 13.0% weekly rise, which would be the best weekly performance since it hiked up 14.0% during the […]
U.S. stocks finished sharply higher on Friday, clinching their longest streak of weekly gains since November, as investors celebrated a spate of optimistic inflation data. The S&P 500 gained 72.88 points, or 1.7%, to 4,280.15. The Dow Jones Industrial Average gained 424.38 points, or 1.3%, to 33,761.05. The Nasdaq Composite gained 267.27 points, or 2.1%, […]
It’s been a head-scratching week in various asset classes — one that left investors and traders coming away with different conclusions about what lies ahead after data releases showed U.S. inflation easing more than forecasters expected. Some are describing the stock market as “euphoric” about the possibility that the worst of inflation is behind: Major […]
In a 220-207 vote on Friday, the U.S. House of Representatives approved Democrats’ big healthcare, climate and tax package. The Inflation Reduction Act of 2022, which the Senate passed on Sunday, is expected to get signed into law quickly by President Joe Biden. Source: Marketwatch
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
Best Buy Co Inc. BBY, -0.70% has cut “hundreds” of store jobs over the past few days, The Wall Street Journal reported Friday, citing people familiar with the situation. A spokeswoman for the retailer told the publication that Best Buy is seeking to lower costs amid an “ever-changing macroeconomic environment, including customers shopping more digitally […]
Analysts are generally positive on Microsoft Corp.’s stock MSFT, +0.69%, but Guggenheim analyst John DiFucci just became one of only three analysts tracked by FactSet to set a neutral rating on the shares. The other 43 analysts surveyed by FactSet who cover Microsof rate the name at the equivalent of buy. DiFucci anticipates continued “hyper […]
U.S. stocks opened higher Friday, with investors continuing to weigh signs of easing inflation as all three major benchmarks head for potential weekly gains. The Dow Jones Industrial Average DJIA, +0.32% rose 0.4% soon after the opening bell, while the S&P 500 SPX, +0.57% gained 0.5% and the Nasdaq Composite COMP, +0.83% rose 0.7%, according […]
Honest Co. HNST, +0.26%, the Jessica Alba-backed company that makes clean baby, beauty, personal care and household products, posted a wider-than-expected loss for the second quarter on Friday, although revenue came in above estimates. The Los Angeles, Calif.-based company had a loss of $10.012 million, or 11 cents a share, for the quarter, after a […]
Sanofi SNY, -3.94% SAN, +0.85% was upgraded to hold from sell at Deutsche Bank, after the heavy selling over the previous two days on worries about Zantac heartburn medication litigation. The first trial is set to begin on Aug. 22. “We think the Zantac knee-jerk is starting to look somewhat overdone. This doesn’t make for […]
