Tag: Marketwatch

Aug 24
Coronavirus tally: Omicron boosters may be ready after Labor Day as Moderna submits EUA application

Americans age 12 and older could begin getting omicron-specific COVID-19 boosters soon after Labor Day, according to a new report. The New York Times reported Tuesday night that the Biden administration is eager to approve the new boosters as soon as possible, and is close to authorizing the updated shots. On Tuesday, Moderna Inc. MRNA, […]

Aug 23
Toll Brothers says that home buyers ‘sidelined’ by higher mortgage rates, market volatility

Shares of Toll Brothers Inc. TOL, +0.22% dropped more than 2% in the extended session Tuesday after the home builder lowered its deliveries guidance for the year, blaming labor shortages and supply-chain snags and saying that higher mortgage rates and home prices have sidelined some buyers. Toll Brothers said it earned $273 million, or $2.35 […]

Aug 23
Dow, S&P 500 end lower Tuesday for a 3rd day in a row as summer rally pauses

U.S. stocks finished lower on Tuesday as investors awaited a Friday update from the Federal Reserve on its potential path to higher rates. The Dow Jones Industrial Average DJIA, -0.47% shed about 154 points, or 0.5%, ending near 32,908, while the S&P 500 index SPX, -0.22% closed 0.2% lower, with both benchmarks ending lower for […]

Aug 23
Gold futures finish higher after 6-session decline

Gold futures ended higher on Tuesday, with a pullback in the U.S. dollar providing an opportunity for prices of the precious metal to post their first gain in seven sessions. December gold GCZ22, +0.63% rose $12.80, or 0.7%, to settle at $1,761.20 an ounce. Prices for the most-active contract had settled Monday at the lowest […]

Aug 23
Pfizer and BioNTech say COVID vaccine data showed 73.2% efficacy among children aged 6 month to 4 years

Pfizer Inc. PFE, -2.19% and German partner BioNTech SE BNTX, +0.02% on Tuesday announced updated COVID vaccine data supporting efficacy in children aged 6 months through 4 years of age. The companies said updated analysis from 34 cases occurring at least seven days after a three-dose regimen showed 73.2% vaccine efficacy among children in that […]

Aug 23
U.S. stocks open slightly lower, extending Monday’s sharp slide

U.S. stocks opened slightly lower Tuesday, extending Monday’s selloff as investors await fresh economic data. The Dow Jones Industrial Average DJIA, -0.28% was trading down 0.1% soon after the opening bell, while the S&P 500 SPX, +0.03% fell 0.1% and the Nasdaq Composite COMP, +0.16% declined less than 0.1%, according to FactSet data, at last […]

Aug 23
Wedbush upgrades Denny’s to outperform, shares rise

Shares of Denny’s Corp. DENN, -1.47% rallied 4% in premarket trades Tuesday after Wedbush upgraded shares of the restaurant chain to outperform from neutral and raised its 12-month price target to $12.50 a share from $10 a share. “We came away from meetings with CFO Robert Verostek…incrementally positive,” Wedbush said. The company is poised to […]

Aug 22
Elon Musk issues subpoena to Jack Dorsey amid Twitter acquisition battle

Tesla Inc. TSLA, -2.28% Chief Executive Elon Musk’s lawyers issued a subpoena to Twitter Inc.’s TWTWR former chief executive Jack Dorsey related to the ongoing Twitter acquisition saga. Twitter has sued Musk as the company looks to force him to go through with his $44 billion deal for the social-media company. Musk in April agreed […]

Aug 22
Dow tumbles 640 points as stocks record worst day in 2 months

U.S. stocks finished sharply lower on Monday after their worst session in two months as investors braced for a more hawkish Federal Reserve. The S&P 500 SPX, -2.14% slumped 90.49 points, or 2.1%, to 4,137.99. The Dow Jones Industrial Average DJIA, -1.91% fell 643.13 points, or 1.9%, to 33,063.61. The Nasdaq Composite COMP, -2.55% dropped […]

Aug 22
U.S. stocks hit session lows in afternoon trading as possible Fed moves weigh on investors

All three major U.S. stock indexes dropped to New York session lows Monday afternoon as investors came to terms with the prospect of continued rate hikes by the Federal Reserve. Dow industrials DJIA, -2.04% fell more than 600 points, or 1.8%, led by shares of Intel Corp. The S&P 500 SPX, -2.26% was down 2% […]