Category: Market News
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
Avaya Holdings Corp. AVYA, -37.89% shares plunged 37.5% Tuesday after the business communication company reported a third-quarter loss amid attempts to fix what new CEO Alan Masarek describes as “operational and executional shortcomings” set against the backdrop of a volatile economy. The company’s stock closed Monday’s session up 17.2% at $1.12. Avaya reported third-quarter sales […]
The number of homes in the U.S. that have been listed for sale for 30 days or longer without going under contract in July jumped 12.5% from the same period a year ago, according to online real estate services company Redfin Corp. That’s the second-biggest jump for monthly “stale” listings on record, which goes back […]
Shares of video gaming software company Unity Software Inc. U, +3.86% rallied 11.0% in premarket trading, while Applovin Corp.’s stock APP, -12.41% tumbled 10.0%, after Applovin said it submitted and unsolicited bid to buy Unity in an all-stock deal with an enterprise value of $20 billion. Under terms of the deal, marketing software company Applovin […]
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
Micron Technology MU, -1.62% said it was planning to invest $40 billion through the end of the decade and create as many as 40,000 jobs in what it called the largest-ever investment in U.S. memory chip manufacturing. Micron said it’ll use grants and credits made possible by the CHIPS and Science Act and begin production […]
The S&P 500 SPX, -0.12% and the Nasdaq Composite COMP, -0.10% are moving lower in afternoon trading Monday, but market internals are firmly bullish. The number of advancing stocks are outnumbering decliners by 1,998 to 1,032 on the New York Stock Exchange (NYSE) and by 2,508 to 1,672 on the Nasdaq, and volume in advancing […]
U.S. stocks closed mostly lower Monday, but only slightly changed from Friday’s finish as investors awaited a highly anticipated update on U.S. inflation. The Dow Jones Industrial Average DJIA, +0.09% added about 28 points, or 0.1%, closing near 32,831, after briefly topping the 33,000 mark earlier Monday. The S&P 500 index SPX, -0.12% shed 0.1%, […]
Singer and actress Olivia Newton-John died Monday at age 73, her husband said in a statement posted to her official Facebook page. The singer, born in England, is known for her role in “Grease” and songs including “I Honestly Love You.” “Olivia has been a symbol of triumphs and hope for over 30 years sharing […]
Shares of Clover Health Investments Corp. CLOV, +4.29%, which offers insurance plans to Medicare Advantage members, were off more than 6% in after-hours trading Monday after the company delivered a mixed earnings report and disclosed that its chief executive would be stepping down from that post at year’s end. The company posted a net loss […]
