Category: Stock Market

The Dow booked its best day since February on Monday, after stocks booked a brutal month of September, as expectations for a potential pause in rate hikes from the Federal Reserve after December gathered steam. The Dow Jones Industrial Average DJIA, +2.66% rose about 765 points, or 2.7%, ending near 29,490, which was its best […]

President Joe Biden on Monday expressed his support for the people of Puerto Rico, as he visited the U.S. territory to survey damage from Hurricane Fiona. “I want the people of Puerto Rico to know I’m committed, my entire administration is committed, to standing with you every step of the way, as long as it […]

The Dow Jones Industrial Average surged more than 900 points at its session high and remained on track for its biggest one-day percentage jump since June 2020 as equities kicked off the new month and quarter with a sharp bounce. The Dow DJIA, +2.66% remained up 890 points, or 3.1%, which would be its largest […]

Oil futures climbed sharply on Monday, with U.S. prices up more than 5% as traders bet that the Organization of the Petroleum Exporting Countries and their allies will agree later this week to cut production on concerns over a slowdown in the economy that would hurt demand for oil. News reports said the group of […]

Grocery store chain Kroger Co. KR, -2.08% said Friday that it has sent insurer Cigna Corp. CI, -1.10% subsidiary Express Scripts Inc. a written notice of its plan to terminate their pharmacy provider agreement for commercial customers. “Express Scripts drug pricing model is unsustainable for Kroger and consumers; access to affordable prescriptions and wellness services […]

Baker Hughes BKR, -0.76% on Friday reported that the number of active U.S. rigs drilling for oil rose by two to 604 this week. That followed increases in each of the past two weeks. The total active U.S. rig count, which includes those drilling for natural gas, climbed by one to 765, according to Baker […]

Lockheed Martin Corp. LMT, -0.90% said late Friday its board approved a 7% hike to the aerospace and defense company’s dividend. The company said it will pay a $3-a-share dividend, up from a previous $2.80 a share, on Dec. 30, to shareholders of record as of Dec. 1. Shares of Lockheed Martin are up 8.7% […]

Cal-Maine Foods Inc. CALM, -5.25% on Friday said it named Sherman Miller as its new chief executive, a move that took hold immediately. Miller, who most recently served as the egg producer’s president and chief operations officer, will replace Dolph Baker at the helm. Baker will stay on as chairman of Cal-Maine’s board and remain […]

U.S. stocks end sharply lower Friday, closing out a brutal month of September and posting their worst skid in the first 9-months of a year in two decades as higher rates and recession fears grip investors. The Dow Jones Industrial Average DJIA, -1.71% tumbled about 495 points Friday, or 1.7%, ending near 28,730 as heavy […]

Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek.