Tag: Marketwatch

U.S. stocks closed lower Thursday, ending the second quarter with steep losses that left the S&P 500 suffering its worst first half of a year since 1970. The Dow Jones Industrial Average DJIA, -0.82% fell around 250 points to close 0.8% lower, while the S&P 500 SPX, -0.88% dropped 0.9% and the Nasdaq Composite COMP, […]

Oil futures fell on Thursday to tally a loss for the month, but held on to a gain so far this year. The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, confirmed an existing agreement to boost production in August. The decision either illustrates the group’s “inability to boost production […]

Gold futures marked a fourth straight session decline on Thursday, ending more than 2% lower for the month, according to FactSet data. A “strong U.S. dollar and rising interest-rate expectations continue to weigh on the precious metal, with the metal once again unable to benefit from the ongoing risk aversion in the markets,” said Fawad […]

The U.S.-listed shares of Vipshop Holdings Ltd. VIPS, -4.92% sank 5.7% in morning trading Thursday, and have now tumbled TK% amid a four-day losing streak, after disclosing that a large shareholder, JD.com Inc. JD, -0.72%, sold off a chunk of its holdings in the past week. JD.com’s stock fell 2.0% in morning trading. In an […]

The Dow Jones Industrial Average’s DJIA, -1.82% is suffering a unanimous decline of 480 points, or 1.6%, as all 30 of the blue-chip barometer’s components are trading lower. The biggest point drags are the shares of Salesforce Inc. CRM, -5.33%, which are losing $8.05, or 4.7%, and of Goldman Sachs Group Inc. GS, -3.58%, which […]

Shares of Universal Health Services Inc. UHS, +1.08% tumbled 8.6% toward a two-year low in premarket trading Thursday, after the hospital and health care services company cut its earnings outlook, citing a “significant shortfall” in results during April and May. The company expects second-quarter adjusted earnings per share of $2.05 to $2.15, well below the […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

Read Next Carnival stock pulls back after Stifel analysts slashes price target to incorporate a recession Shares of Carnival Corp. undefinedundefined fell 0.7% in premarket trading Monday, after Stifel Nicolaus analyst Steven Wieczynski “drastically” lowered his estimates to take account for the negative effects of a potential recession on the cruise operator. The stock pulled […]

In a note released on Wednesday, after data showed first-quarter U.S. gross domestic product contracted by more than previously estimated, JPMorgan Chase & Co.’s Bruce Kasman and Joseph Lipton said “it is reasonable to consider the risk that the US and/or global economy slips into recession this year.” They said “rising concern about persistent inflation […]

U.S. stocks ended near unchanged Wednesday, with the Dow Jones Industrial Average hanging on to a small gain, as investors weighed remarks by Federal Reserve Chair Jerome Powell. The Fed chief, speaking at a central banking conference in Portugal, said that he sees a path back to 2% inflation while sustaining a strong labor market […]