Tag: Marketwatch

President Joe Biden on Tuesday pledged to meet with U.S. lawmakers on gun-control issues, as members of Congress were pushing new legislation after two recent mass shootings. “I will meet with the Congress on guns, I promise you,” Biden said in the Oval Office as he met with New Zealand Prime Minister Jacinda Ardern. On […]

Shares of Amazon.com Inc. AMZN, +4.40% charged 5.7% higher to $2,435.01 in afternoon trading, to put them on track for a fourth-straight gain. The ecommerce and cloud behemoth’s stock has soared 17.0% in the four days since it closed at $2,082.00 on May 24, which was the lowest close since April 9, 2020. That would […]

Stocks ended lower Tuesday, capping a volatile May that saw the S&P 500 flirt with a bear market but end the month virtually unchanged. The Dow Jones Industrial Average DJIA, -0.67% fell around 221 points, or 0.7%, to close near 32,992, while the S&P 500 SPX, -0.63% shed 26 points, or 0.6%, to finish near […]

Read Next Amazon stock surges toward best 4-day performance in 2 years after stock split approved Shares of Amazon.com Inc. undefined charged 5.7% higher to $2,435.01 in afternoon trading, to put them on track for a fourth-straight gain. The ecommerce and cloud behemoth’s stock has soared 17.0% in the four days since it closed at […]

Financial-market participants are focusing their attention on where Federal Reserve policy makers are most likely to take their main policy rate in September, with hopes slipping that they could back off of half-point increases after delivering similar-size hikes in June and July. Remarks by Fed Gov. Christopher Waller, who said on Monday that he supports […]

Shares of Eli Lilly & Co. LLY, -2.88% fell 4.0% in afternoon trading Tuesday, to pullback from the previous session’s record close, after the drug maker disclosed that its largest shareholder sold nearly $64 million worth of its shares. In a Form 4 filing with the Securities and Exchange Commission, the company said Lilly Endowment […]

Shares of Spirit Airlines Inc. SAVE, +2.12% rallied 2.4% in midday trading while JetBlue Airways Corp. JBLU, -0.42% was little changed, after after independent proxy advisor Institutional Shareholder Services (ISS) recommended Spirit shareholders reject the buyout deal with Frontier Group Holdings Inc. ULCC, +1.82%. Meanwhile, Frontier shares climbed 2.2%. The ISS recommendation comes after Spirit […]

Shares of Big Lots Inc. BIG, -7.39% dove 7.1% toward a 2-year low in morning trading Tuesday, after the discount home essentials retailer disclosed Chief Merchandising Officer Jack Pestello had been terminated without cause. The disclosure comes after the stock tumbled 12.1% on Friday, after the retailer reported a surprise first-quarter loss and big sales […]

Hanesbrands Inc. HBI, +2.81% said Tuesday it was the subject of a ransomware attack on May 24 and activated business continuity plans and incident response to contain it. Ina regulatory filing, the company said it has informed law enforcement and is cooperating with the investigation. The maker of mens and womens’ underwear has engaged legal […]

The energy sector is on track to enjoy a unanimous rally Tuesday, as the European Union’s ban on Russian oil has sent crude oil futures surging. The SPDR Energy Select Sector ETF XLE, +1.83% rallied 1.0% in premarket trading, with all 21 equity components gaining ground. The biggest gainer is Pioneer Natural Resources Co.’s stock […]