Category: Stock Market
Shares of Hasbro Inc. HAS, +0.13% took a midday dive into the red, then bounced back into the green, after the toy maker provided a downbeat third-quarter revenue outlook and cut its full-year outlook. After being up as much as 6.2% in morning trading, the stock dropped as much as 3.3% after the outlook update, […]
The Dow Jones Industrial Average DJIA, +2.19% bulled 750.52 points, or 2.5% higher, in midday trading Tuesday with all 30 components trading higher. Together with Monday’s 765.38-point gain, the two-day rally of 1,516.59 points puts the blue-chip barometer on track for the best two-day performance since it climbed a total of 1,601.33 points on April […]
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.
The Dow Jones Industrial Average DJIA, +2.19% surged 722 points, or 2.5%, to extend the previous session’s 765-point bounce off the 17-month closing low on Sept. 30. The two-day, 1,487-point rally takes the Dow back above the June 17 closing low of 29,888.78, the break below of which on Sept. 23 helped kick off a […]
Micron Technology Inc. MU, +5.49% announced Tuesday plans to invest up to $100 billion over the next 20 years to build the U.S.’s largest semiconductor fabrication facility in central New York. The memory chip company’s stock surged 4.4% in morning trading, and has run up 10.0% amid a three-day win streak. Micron said the new […]
Ford Motor Co. F, +7.02% said Tuesday that September U.S. vehicles sales fell 8.9% from a year ago to 142,644 vehicles, as a big drop in truck sales offset a near tripling in electric vehicle sales. The auto maker’s stock charged up 5.3% in morning trading, after rallying 2.4% on Monday to bounce off Friday’s […]
California members of Congress Scott Peters, a Democrat, and Doug LaMalfa, a Republican, on Monday introduced a bill called the Targeting and Offsetting Existing Illegal Contaminants (TOXIC) Act to combat use of illegal and toxic pesticides by unregulated cannabis growers in the U.S. The measure would authorize $250 million over five years for the U.S. […]
General Motors Corp. GM, +7.27% on Tuesday named entrepreneur, venture capitalist and former Tesla Inc. TSLA, +5.68% and Lyft Inc. LYFT, +6.53% executive Jonathan McNeill to its board. “I am excited to help GM unlock the opportunities enabled by its transformative investments in technology,” McNeill said in a statement. McNeill’s lengthy resume includes serving on […]
Citi analyst Keith Horowitz on Tuesday launched a “positive catalyst watch” on buy-rated JPMorgan Chase & Co. JPM, +4.35% ahead of the Dow Jones Industrial Average DJIA, +2.57% component’s earning update on Oct. 14. “We believe a 3Q earnings beat on the top line will lead to upward revisions on full-year guidance and imply a […]
Shares of FedEx Corp. FDX, +2.80% climbed 3.0% in premarket trading Tuesday, after the package delivery giant announced a $1.5 billion accelerated share repurchase (ASR) agreement with Morgan Stanley. The ASR, which represents 3.8% of FedEx’s market capitalization of $39.41 billion as of Monday’s close, is expected to be completed before the end of the […]