Tag: Marketwatch

The U.S. will join the European Union in directly sanctioning Russian President Vladimir Putin over the invasion of Ukraine, White House press secretary Jen Psaki said Friday. The U.S. will also sanction Russian Foreign Minister Sergey Lavrov and members of the Russian national security team, Psaki said. There are uncertainties about the extent of Putin’s […]

The shares of all 30 components of the Dow Jones Industrial Average DJIA, +2.41% gained ground in afternoon trading Friday, as the blue chip barometer surged toward its biggest gain in 21 months. Of the Dow’s best percentage performers, shares of both Johnson & Johnson JNJ, +5.30% and 3M Co. MMM, +5.35% shot up 5.5%. […]

Shares of Paramount Group Inc. PGRE, +21.58% soared 21.3% toward an 8-month high after the real estate investment trust (REIT) focused on officer properties confirmed it received an “unsolicited” buyout bid from private-equity firm Monarch Alternative Capital LP. The bid, for $12 a share in cash, represents a 29.2% premium over Thursday’s closing price of […]

U.S. stocks opened mostly higher Friday, as investors continued to monitor events in Ukraine as Russian forces were seen closing in on the capital Kyiv. Equities bounced back from sharp losses Thursday following the launch of the invasion, ending the day with gains. The Dow Jones Industrial Average DJIA, +0.45% rose 111 points, or 0.3%, […]

Shares of Ocugen Inc. OCGN, -2.40% gained 4.7% in premarket trading on Friday after the company said the Food and Drug Administration lifted the clinical hold for the COVID-19 vaccine it’s developing with Bharat Biotech, a privately held biotech based in Hyderabad. The vaccine candidate is currently in a Phase 2/3 clinical trial, and Ocugen […]

BlackRock Inc. BLK, -0.10% and Warner Music Group Corp. WMG, +2.88% have committed $750 million for a fund to invest in music catalogs from female and diverse artists, The Wall Street Journal reported on Thursday. Citing people familiar with the deal, the newspaper article said the fund is set up in partnership with Influence Media, […]

Major U.S. stock indexes recovered considerable ground on Thursday to end higher, despite stumbling early in the session after Russia launched a military assault on Ukraine. The Dow Jones Industrial Average DJIA, +0.28% flipped positive in the final 15 minutes of trade, adding about 90 points, or 0.3%, to end near 33,222. The S&P 500 […]

Farfetch Ltd. FTCH, +5.19% stock jumped more than 30% in the extended session Thursday after the luxury fashion company reported a fourth-quarter loss that was narrower than Wall Street expected and sales that came in below estimates. Farfetch said it lost an adjusted 3 cents a share on sales that rose 23% to $666 million […]

Morgan Stanley MS, -1.86% confirmed late Thursday that federal investigators are probing its block-trading business. Morgan Stanley has been responding to requests for information from the U.S. Securities and Exchange Commission beginning in June 2019, the investment bank said in a filing. It has also been responding to requests for information from the U.S. Attorney’s […]

Shares of CarGurus Inc. CARG, +4.03% rallied more than 10% in the extended session Thursday after the online car marketplace reported adjusted earnings and sales well above Wall Street expectations and guided for a much better current-quarter sales than analysts estimate. CarGurus said it lost $80 million, or 68 cents a share, during the quarter, […]