Tag: Marketwatch
Published: July 8, 2022 at 8:14 a.m. ET Redfin Corp. said Friday that it is seeing the northern California housing market, including the San Francisco Bay Area, cooling faster than any other U.S. market, as mortgage rates remain high and as the stock market has dropped. The San Jose housing market is slowing the fastest, […]
Shares of Howmet Aerospace Inc. HWM, +0.58% rose 1.7% in premarket trading Friday, after Benchmark analyst Josh Sullivan turned bullish on the aerospace and titanium company, citing a supply chain recovery and market share gains as companies divest their titanium operations in Russia. Sullivan raised his rating to buy, after being at neutral for at […]
Victor Reklaitis is MarketWatch’s Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor’s Business Daily. Before IBD, he worked for several newspapers in Virginia. Follow Victor on Twitter at: @vicrek. Source: Marketwatch
Vita Coco Co. COCO, +11.41% stock soared 16% in Friday trading after the coconut water company was upgraded to buy from neutral at Bank of America. Analysts raised their price objective to $12 from $10. BofA says the ocean freight market is showing signs of stabilizing, which could lead to cost declines for Vita Coco. […]
Baker Hughes BKR, on Friday reported that the number of active U.S. rigs drilling for oil was up by 2 to 597 this week. That follows increases in each of the last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 2 to 752, according to […]
Published: July 8, 2022 at 1:39 p.m. ET White House press secretary Karine Jean-Pierre on Friday criticized Texas Republican Gov. Greg Abbott’s executive order that directs the National Guard to apprehend and deport undocumented immigrants. Immigration enforcement is a federal authority and states should not be “meddling in it,” she told reporters during a briefing. […]
Last Updated: July 8, 2022 at 2:24 p.m. ET First Published: July 8, 2022 at 2:23 p.m. ET Shoppers at a grocery store in Washington, D.C., last month. Stefani Reynolds/Agence France-Presse/Getty Images Following an unexpectedly robust jobs report that had many dismissing fears of a U.S. recession, a line of thinking re-emerged in some parts […]
Shares of Apple Inc. AAPL, +0.47% rose 0.8% in afternoon trading Friday, putting them on track to close above the widely followed 50-day moving average (DMA) for second straight session. The last time the technology behemoth’s stock closed in back-to-back sessions above that key technical level, which many chart watchers view as a shorter-term trend […]
Stocks end mostly lower Friday after a strong June jobs report, while still booking solid gains in the first full trading week of July. The Dow Jones Industrial Average DJIA, -0.15% shed about 45 points, or 0.1%, ending near 31,339. The S&P 500 index SXP, -2.94% fell 0.1%, while the Nasdaq Composite Index COMP, +0.12% […]
Shares of Tesla Inc. TSLA, +2.54% rose 1.3% in the extended session Friday after news that company chief executive Elon Musk wants to abandon his $44 billion agreement to acquire Twitter Inc. TWTR, -5.10%, a deal that would be fueled in part by Tesla shares owned by Musk. Tesla’s stock ended the regular trading day […]