Tag: Marketwatch

Shares of Cullinan Oncology Inc. CGEM, +6.87% shot up 15.2% in premarket trading Tuesday, after the biopharmaceutical company said its CLN-081 was granted Breakthrough Therapy Designation (BTD) by the U.S. Food and Drug Administration for the treatment of non-small cell lunch cancer. A BTD expedites the development and review of drugs for the treatment of […]

U.S. stocks opened slightly higher Monday, kicking off the new year on a positive note after gaining substantial ground in 2021. The Dow Jones Industrial Average DJIA, +0.68% was up 90 points, or 0.2%, at 34,429, while the S&P 500 SPX, +0.64% rose 0.4% to 4,785.90. The Nasdaq Composite COMP, +1.20% was up 0.8% at […]

Shares of Exelon Corp. EXC, -1.19% pulled back 2.7% in afternoon trading Monday, putting them on track to snap an eight-session win streak, after Mizuho analyst Paul Fremont downgraded the utility services holding company, citing an uncertain outlook for President Biden’s “Build Back Better” plan. The stock had rallied 8.2% during the streak to close […]

Gold futures declined on Monday, with strength in U.S. Treasury yields and the stock market contributing to a fall in prices for the precious metal to their lowest settlement in almost two weeks. The yield on the 10-year Treasury note TMUBMUSD10Y, 1.632% topped 1.6% Monday to touch the highest level since November. Against that backdrop, […]

Share of air carriers traded broadly higher Monday, amid growing optimism that the latest surge in COVID-19 cases to record daily levels won’t lead to widespread shutdowns given the omicron variant appears less severe and as more people are vaccinated. The U.S. Global Jets ETF JETS, +3.22% rallied 2.8% in afternoon trading, to outperform the […]

Shares of Genprex Inc. GNPX, +167.18% skyrocketed 121% on massive volume in afternoon trading Monday, after the gene therapy company said its Reqorsa Immunogene Therapy was granted Fast Track Designation (FTD) by the U.S. Food and Drug Administration for use in combination with Merck & Co. Inc.’s MRK, +0.30% cancer treatment Keytruda. Trading volume exploded […]

Ross Stores Inc. ROST, -0.98% was downgraded to equal weight from overweight at Wells Fargo, with analysts concerned that Ross’ key “low-end consumer” will see their cash balances fall back to Earth in 2022. Wells Fargo cut its price target for Ross to $120 from $135. After benefiting from stimulus payments in 2021, lower-income consumers […]

The Dow Jones Industrial Average swept to a record close on Monday as upbeat investors bought stocks in the first session of trade in 2022. The Dow [S: DJIA] advanced about 246 point points, or 0.7%, sweeping to a record finish near 36,585. The S&P 500 index [S: SPX] added about 0.6%, to also close […]

Oil futures settled higher on Monday, with major oil producers known as OPEC+ widely expected to stick to their plan to raise monthly crude production by 400,000 barrels per day when they meet on Tuesday. “Though omicron cases continue to climb in key geographies, the absence of widespread lockdown restrictions will likely keep near term […]

Traders are back to pricing in a better-than-50% chance that the first rate hike by the Federal Reserve will arrive in March, as the first trading day of the year kicked off with renewed optimism that rising COVID-19 cases may have a more limited economic impact than previously thought.  Data compiled by the CME Group Inc. […]