Tag: brokerswatch

U.S. stocks finished higher on Monday, notching a fourth-straight day of gains as investors await an update on the pace of inflation in August. The S&P 500 SPX, +1.06% advanced 43.05 points, or 1.1%, to 4,110.41. The Dow Jones Industrial Average DJIA, +0.71% climbed 229.63 points, or 0.7%, to 32,381.34. The Nasdaq Composite COMP, +1.27% […]

All three major U.S. stock indexes remained higher in the final hour of trading on Monday, as traders await Tuesday’s consumer price index report for August. Investors are optimistic that the data will show signs that inflation is easing further, following July’s unexpected drop to an 8.5% annual headline rate. Dow industrials DJIA, +0.71% were […]

Silver futures rallied on Monday by nearly 6%, while gold futures finished at their highest in two weeks, with both precious metals getting a boost from weakness in the U.S. dollar. “Whether the metals can kick on from here or go in reverse depends almost entirely on the direction of U.S. dollar,” said Fawad Razaqzada, […]

Soybean futures climbed on Monday, poised to end the session at their highest in more than two weeks after the U.S. Department of Agriculture reduced its 2022/2023 U.S. soybean production forecast by 152 million bushels to 4.4 billion bushels. In its monthly World Agricultural Supply and Demand Estimates report, it also forecast U.S. soybean yield […]

There’s a bit of good and bad news in the run-up to the next major U.S. inflation data on Tuesday, following July’s bigger-than-expected decline in the U.S. consumer-price index which triggered a short-term relief rally among stock investors. The corner of financial markets with money on the line in getting the CPI data just right […]

Shares of Perrigo Co. PRGO, +3.04% gained 2.1% in trading on Monday after the company said a Food and Drug Administration advisory committee meeting has been scheduled to review the application for an over-the-counter birth control. The meeting is set for Nov. 18. The medication, a daily oral contraceptive, is called Opill. If approved, it […]

Shares of Photoshop owner Adobe Systems Inc. ADBE, -0.22% were falling 1% in premarket trading Monday after Mizuho analyst Gregg Moskowitz downgraded the software stock to neutral from buy and cut his price target to $440 from $480, writing of his caution heading into the company’s Sept. 15 earnings report. “Our checks this quarter were […]

Moderna Inc. MRNA, -0.78% said Monday the Japanese regulator has approved a partial change to its new drug application for its omicron-targeting COVID booster, MRNA-1273.214. The approval from the Ministry of Health, Labour and Welfare is based on data from a Phase 2/3 trial in which the booster met all primary endpoints, including superior neutralizing […]

Wells Fargo & Co. WFC, +0.96% and the U.S. Dept. of Labor said Monday the bank agreed to pay $145 million in connection with an investigation into whether the bank’s 401(k) plan overpaid for shares of Wells Fargo preferred stock. The bank agreed to pay $131.8 million to retirement plan participants, plus a penalty of […]

U.S. stocks opened higher Monday, extending last week’s bounce as investors look ahead to inflation data that will be released Tuesday morning. The Dow Jones Industrial Average DJIA, +0.95% rose 0.4% soon after the opening bell, while the S&P 500 SPX, +1.06% gained 0.6% and the Nasdaq Composite COMP, +0.99% advanced 0.5%, according to FactSet […]