Category: Stock Market
Gold futures ended higher on Tuesday, buoyed by weakness in the U.S. dollar index and a pullback in Treasury yields. “Thanks to the recent weakness in bond yields and U.S. dollar, gold has been able to find some relief,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. “However, compared to the recovery we […]
Shares of cannabis companies shifted into rally mode on Tuesday after Canopy Growth Corp. CGC, +27.52% WEED, +27.46% revealed plans to create Canopy USA and issue exchangeable shares to consolidate its U.S. cannabis assets. Jefferies analyst Owen Bennett said the Canopy Growth deal “could also have positive implications for multi-state operators and paths to uplisting, […]
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.
Archer Daniels Midland Co. ADM, +1.47% beat earnings and revenue expectations by a wide margin Tuesday morning, with its chief executive calling out “robust” worldwide demand. The agriculture and nutrition giant logged third-quarter net earnings of $1.03 billion, or $1.83 a share, up from $526 million, or 93 cents a share, in the year-prior period. […]
Raytheon Technologies Corp. RTX, -1.98% shares rose 0.7% in premarket trades on Tuesday after the aerospace and defense company beat its earnings target and hiked the bottom end of its range for its 2022 profit forecast, but fell short of its third-quarter revenue mark. Raytheon said its third-quarter profit dipped 1% to $1.39 billion, or […]
Shares of Coca-Cola Co. KO, +1.89% ran up 2.6% in premarket trading Tuesday, after the beverage giant beat third-quarter profit and revenue expectations, as price increases helped offset ongoing cost inflation. Net income rose to $2.83 billion, or 65 cents a share, from $2.47 billion, or 57 cents a share, in the year-ago period. Excluding […]
Managed care company Centene Corp. CNC, +8.52% posted better-than-expected profit and revenue for the third quarter, boosted by a strong performance by Medicaid and Medicare. Centene had net income of $738 million, or $1.27 a share, in the quarter, up from $584 million, or 99 cents a share, in the year-earlier period. Adjusted per-share earnings […]
Former U.S. Defense Secretary Ash Carter, who served under President Barack Obama, has died at 68. Carter, the nation’s 25th defense secretary, died Monday in Boston after “a sudden cardiac event,” according to reports citing his family. Carter served as deputy secretary of defense from 2011 to 2013 before taking the top job at the […]
U.S. stocks opened higher Tuesday with the tech-heavy Nasdaq Composite in the lead as investors awaited earnings from some of the biggest megacap technology companies in the U.S. The Nasdaq COMP, +1.96% climbed 76 points, or 0.7%, to 11,029. The S&P 500 SPX, +1.29% advanced 9 points, or 0.2%, to 3,806. Only the Dow Jones […]
Shares of Intuitive Surgical Inc. ISRG, +6.65% surged 4.9% in premarket trading Tuesday, after the surgical systems and instruments for invasive surgeries announced a $1 billion accelerated stock repurchase agreement (ASR). That represents 1.3% of the companies market capitalization of $77.84 billion as of Monday’s close. Under terms of the ASR agreement, which was made […]