Category: Market News
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms. Source: Marketwatch
A big reason why technology-heavy Nasdaq Composite COMP, -1.37% is dropping 1.5% in afternoon trading Thursday while the Dow Jones Industrial Average DJIA, +0.91% is rallying 292 points, or 0.9%, is the bad performance of the shares of the four biggest tech names. Of the four U.S. companies with market capitalizations of over $1 trillion, […]
The trading of Twitter Inc. TWTR, +1.10% shares will be suspended before the opening bell Friday, according to information on the New York Stock Exchange’s website. Friday is the deadline imposed by a Delaware judge for Elon Musk and Twitter to close their $44 billion deal. While Musk sought to back out of the arrangement […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 52 billion cubic feet for the week ended Oct. 21. That compared with a market forecast for an increase of 61 billion cubic feet, according to an estimate from the Dow Jones economic calendar. Total working gas stocks in storage stand […]
Shares of Facebook parent Meta Platforms Inc. META, -23.52% plunged 23.6% in premarket trading Thursday, in the wake of disappointing third-quarter results, putting them on track to trade below the $100 mark after the opening bell for the first time since February 2016. The implied price decline ahead of the open would wipe out about […]
Shares of Altria Group Inc. MO, +1.25% fell 0.2% in premarket trading Thursday, after the Marlboro cigarette and heated tobacco company missed earnings expectations, as elevated gas prices and high inflation weighed on spending trends by adult tobacco consumers (ATCs). The company swung to net income of $224 million, or 12 cents a share, from […]
Shares of data-center equipment providers jumped in the extended session Wednesday after Facebook parent Meta Platforms Inc. META, -5.59% hiked its capital expenditure budget. Nvidia Corp. NVDA, -2.75% shares rallied 3.9% after hours, while Advanced Micro devices Inc. AMD, -2.83% shares rose 2.4%, Marvell Technology Inc. MRVL, -4.58% shares surged 3.8%, and Intel Corp. INTC, […]
German health minister Karl Lauterbach has released the government’s closely-watched proposal to legalize adult use cannabis. Lauterbach said the proposal must be confirmed that it complies with European Union and other international laws, according to reports of a press conference. The plan to decriminalize possession of up to 30 grams of cannabis by adults in […]
Mobileye Global Inc. MBLY, +28.55% was cheered by investors on its Wall Street debut on Wednesday, as shares of the autonomous driving spinoff of Intel Corp. INTC, -0.62% opened 27.2% above the initial public offering price. The company was valued at about $16.7 billion and raised $861.0 million, as it said late Tuesday that it […]
The Biden administration on Wednesday rolled out new measures aimed at what it described as two practices involving “junk fees” at banks KBE, +0.97%. The White House said in a news release that the Consumer Financial Protection Bureau has issued new guidance targeting “overdraft fees charged when consumers had enough money in their account to […]
