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MarketWatchSep 26, 2020
In One Chart: This ‘stunning and shocking' chart has one Wall Street strategist worried about the stock market's next move
Some of us are old enough to remember the maniacal buying fervor that pushed tech stocks, many of them long since dead, to mind-bending valuations back in the heady dot-com bubble days of 1999. Are we seeing some similar action today?

MarketWatchSep 25, 2020
Market Snapshot: Stocks close higher, as late-session rally clinches Nasdaq's first weekly gain since August
U.S. stock indexes close higher after a choppy session Friday, but the Dow Jones Industrial Average and S&P 500 log their fourth straight weekly losses as worries grow over the economic outlook in the absence of renewed aid from Washington, the November presidential election and rising COVID-19 infections in the U.S. and Europe.

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Dow industrials, S&P 500 rally mightily on Friday but fail to avoid longest weekly losing streak in over a year (MarketWatch MarketPulse)

Yahoo BusinessSep 25, 2020
Vail Resorts Posts Wider 4Q Loss, Shares Gain On Season Pass Sales
Vail Resorts reported wider-than-expected 4Q loss after the market closed on Thursday. The company, which operates mountain resorts and urban ski areas, posted a loss of $3.82 per share in the July-ending fourth quarter, as compared to the analysts' expectations of a loss of $3.47 per share. In the prior-year quarter, the company reported a loss of $2.22 per share.Vail Resorts' (MTN) 4Q revenue of $77.2 million missed the Street estimates of $138.3 million. Further, revenues declined 68% year-over-year due to the closure of the North American mountain resorts and regional ski areas.Despite disappointing 4Q numbers, shares rose 1.24% in the extended trading session after Vail Resorts reported that "Season pass sales through September 18, 2020, for the upcoming 2020/2021 North American ski season increased approximately 18% in units." However, revenue from these sales was down 4% year-over-year, as the company had to offer credits to 2019/2020 Epic Pass holders who could not use their pass due to the pandemic. Without deducting the credits, sales were up 24% for the upcoming 2020/2021 ski season.The company's CEO Rob Katz said "Given the broader dynamics in the travel industry, we do expect to see material declines in visitation to our resorts and associated revenue declines in fiscal 2021 relative to our original visitation expectations for fiscal 2020, primarily as a result of expected declines in visitation from non-pass, lift ticket purchases." (See MTN stock analysis on TipRanks)Berenberg Bank a

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MarketWatch MarketPulseSep 25, 2020
Oil futures end lower for the week
Oil futures were slightly lower on Friday, posting a loss for the week as some signs of tighter supplies, including a second weekly decline in U.S. crude inventories, failed to offset pressure from expectations of weaker energy demand on the back of the rise in COVID-19 cases. "The oil market is sensitive to the perceived health of the world economy and there were already signs that the rebound was cooling before the recent jump in new cases of coronavirus in Europe," said David Madden, market analyst at CMC Markets UK. Meanwhile, data from Baker Hughes Friday showed that the number of active U.S. oil-drilling rigs climbed by 4 this week to 183, marking the first increase in three weeks. November West Texas Intermediate crude fell 6 cents, or nearly 0.2%, to settle at $40.25 a barrel on the New York Mercantile Exchange. For the week, prices for the most-active contract lost 2.6%, according to Dow Jones Market Data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Gold futures lose nearly 5% for the week (MarketWatch MarketPulse)
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