Tag: Marketwatch

Shares of Goldman Sachs Group Inc. GS, -0.15% sank $13.43, or 3.9% in morning trading Monday, enough to pace the 28-of-30 Dow Jones Industrial Average DJIA, +0.29% components that were losing ground, and putting them on track to close at a nine-month low. The stock’s price decline was shaving about 89 points off the Dow’s […]

With the S&P 500 SPX, +0.28% diving 3.0% in midday trading Monday toward the biggest one-day selloff in 15 months, more than half of the index’s components are trading in downtrend territory under some charting metrics, while nearly a third have fallen enough more than 20% from recent peaks. Currently 312, or 62%, of the […]

Gold futures settled higher on Monday, with prices finding support as U.S. benchmark stock indexes suffered a sharp decline. “Gold is clearly finding favor as portfolio insurance,” said Adrian Ash, director of research at BullionVault. “Rising interest rates would typically offer a headwind to gold, but the risk of a [Federal Reserve] mistake in hiking […]

Dow erases 1,100-point plunge to end higher as stocks see historic intraday reversal – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 24, 2022 at 4:08 p.m. ET Stocks rose Monday, with the Dow Jones Industrial Average erasing a […]

Acacia Research Corp, controlled by activist hedge fund Starboard Value LP, confirmed late Monday it has offered to buy department store Kohl’s Corp. KSS, +36.02% for $64 a share in cash. The Wall Street Journal reported Acacia’s interest over the weekend, with Kohl’s confirming Monday that it had multiple proposals on the table. “In conversations […]

As stocks tumble, White House says Biden ‘does not look at the stock market as a means by which to judge the economy’ – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 24, 2022 at 1:59 p.m. ET White […]

Shares of Microsoft Corp. MSFT, -4.17% dove 5.8% in midday trading Monday, to put them on track for a six-month low, and enough to pace the 29-of-30 Dow Jones Industrial Average DJIA, -2.68% components that are losing ground. The stock’s $17.27 price decline, which is the stock’s second-biggest-ever price decline behind the $23.41 record selloff […]

Department store shares moved higher Monday after a Wall Street Journal report that Kohl’s Corp. KSS, +33.01% has received a $9 billion takeover bid from activist hedge fund Starboard Value LP. Kohl’s confirmed receipt of a takeover offer. Kohl’s shares soared nearly 34% in Monday trading. Macy’s Inc. M, +7.54% stock rose 5.7%, and Nordstrom […]

Shares of MicroStrategy Inc. MSTR, -17.84% tumbled 12.7% toward a more than two-year low in premarket trading Monday, as the enterprise software company and bitcoin play continues to suffer from the broad selloff in cryptocurrencies. MicroStrategy, which has previously said it uses bitcoin as a primary reserve asset, last disclosed on Dec. 30 that it […]

The Russian ruble RUBUSD, -0.98% fell Monday to the lowest level since Nov. 2020 on concerns the country will invade Ukraine and trigger U.S. sanctions. One ruble fetched as low as 0.012774 dollars, down from $0.012888. Source: Marketwatch