Category: Stock Market
The Dow Jones Industrial Average DJIA, +1.86% is headed for another big rally, with all 30 components trading higher in the premarket. The biggest gainers ahead of the open were shares of Goldman Sachs Group Inc. GS, +2.24%, which climbed 2.9% after reported better-than-expected third-quarter results, and of Salesforce Inc. CRM, +3.49%, which also rallied […]
Government defense contractor Lockheed Martin Corp. LMT, +2.03% posted net income of $1.778 billion, or $6.71 a share, for the third quarter, up from $614 million, or $2.21 a share, in the year-earlier period. Sales rose to $16.583 billion from $16.028 billion a year ago. The FactSet consensus was for EPS of $6.57 and sales […]
Goldman Sachs Group Inc. GS, +2.24% shares rose 2% in pre-market trades on Tuesday after the bank topped its third-quarter earnings and revenue targets and confirmed a reorganization plan. Goldman Sachs reported a drop in third-quarter net income to $2.96 billion, or $8.25 a share, from $5.28 billion, or $14.93 a share, in the year-ago […]
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.
Trump administration aides “usurped control of CDC communications and blocked public health officials from providing accurate information about the coronavirus to the American people,” the House Select Subcommittee on the Coronavirus Crisis, led by Democratic Rep. Jim Clyburn, said in a report released Monday, as CNN reported. In its third investigation into the government response […]
President Joe Biden on Monday said legal challenges to his plan to cancel debt for a wide swath of student borrowers will not succeed, as he announced the formal launch of the loan-forgiveness application. Asked during a White House event if he was worried lawsuits would halt the relief program, Biden replied: “our legal judgment […]
All three major stock indexes remained up in the final hour of trading on Monday, helped by improved sentiment after better-than-expected earnings from Bank of America Corp. and a decision by new U.K. finance minister Jeremy Hunt to abandon the bulk of previously announced, unfunded tax cuts. Dow industrials DJIA, +1.86% were up by 538 […]
Oil futures finished modestly lower on Monday, extending the sharp loss seen last week. “The backdrop of sticky high inflation resulting in increasingly more hawkish Fed policy expectations for the foreseeable future and the subsequent rise in recession fears will likely keep a lid on WTI in the low to mid $90s,” analysts at Sevens […]
U.S. known cases of COVID are continuing to ease and now stand at their lowest level since mid-April, although the true tally is likely higher given how many people overall are testing at home, where the data are not being collected. The daily average for new cases stood at 37,649 on Sunday, according to a […]
Moderna Inc. MRNA, +4.37% said it and GAVI, the Vaccine Alliance supplying vaccines to low- and middle-income countries, have agreed to cancel remaining orders under their 2022 COVID-19 vaccine agreement given “sufficient supply.” The biotechnology company has supplied Gavi with nearly 70 million doses of COVID-19 vaccines, in addition to facilitating the donation of more […]