Tag: Marketwatch

HCA Healthcare Inc. shares HCA, -21.82% slid 10.6% in premarket trade Friday, after the operator of hospitals and walk-in centers missed revenue estimates for the first quarter and lowered its guidance, hurt by inflation and rising costs. The company posted net income of $1.273 billion, or $4.14 a share, for the quarter, compared with $1.423 […]

Stocks were trading modestly lower after the opening bell Friday, with the S&P 500 turning negative for the week as Treasury yields push to levels last seen in late 2018. An early rally for equities on Thursday turned into a rout after Federal Reserve Chairman Jerome Powell signaled that a half-point rate hike was “on […]

Shares of Vallon Pharmaceuticals Inc. VLON, +100.88% skyrocketed 89.0% on massive volume in morning trading Friday after the biopharmaceutical company said it is exploring strategic alternatives, including a possible sale of the company. Trading volume spiked to 82.8 million shares, compared with the full-day average of about 720,000 shares. Vallon’s stock was currently the biggest […]

Research firm Veda Partners predicted a 70% chance that the Secure and Fair Enforcement (SAFE) Banking measure to open up the U.S. financial system to cannabis companies will pass Congress this year during its lame duck session after the November election, according to a note published Thursday. If Republicans re-take the House of Representatives and/or […]

Traders of fed funds futures foresee a 94% chance that the Federal Reserve will deliver a 75 basis point rate hike in June, up from 70% on Thursday and 28% a week ago, according to the CME FedWatch Tool. That would be the first Fed hike of that size since November 1994. In total, traders […]

The 10-year breakeven rate, a gauge of where investors see annual inflation rates over the next decade, is hovering around 3.03% on Friday, close to a record high, based on Tradeweb data since 2003. The rate closed above 3% for the first time on Thursday, when Federal Reserve Chairman Jerome Powell affirmed that a half-point […]

The Humane Society announced Friday that it has called on the Securities and Exchange Commission to investigate McDonald’s Corp. MCD, -1.99% “for deceiving shareholders and the public about its animal confinement policies.” The Humane Society is a shareholder, and previously filed a proposal on the company’s animal welfare practices. “McDonald’s has admitted-albeit very briefly in […]

The U.S. Dollar Index DXY, +0.54% rose almost 0.7% on Friday to 101.25, a level last seen in March 2020 when investors world-wide piled into the greenback during the onset of the COVID-19 pandemic. The dollar is getting a lift from expectations that the Federal Reserve is about to start aggressively hiking rates in order […]

There is no sign of panic selling activity, despite the stock market’s biggest drop off in seven weeks, according to the Arms Index that tracks market internals. The Arms is a volume-weighted breadth measure that tends to rise above 1.000 during market declines and fell below 1.000 during rallies. Many Arms followers believe readings above […]

Value Line Inc. VALU, -19.19% said Friday it will raise its quarterly dividend by 13.6%, to 25 cents a share from 22 cents. The investment research provider’s new dividend will be payable May 11 to shareholders of record on May 2. Based on current stock prices, the new annual dividend rate implies a dividend yield […]