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MarketWatchOct 17, 2019
Market Snapshot: Stocks rise after U.K., EU strike tentative Brexit deal
U.S. stocks rise Thursday, getting a boost after U.K. and European Union negotiators agree on a draft Brexit deal.

MarketWatch MarketPulseOct 17, 2019
Stocks open slightly higher after tentative Brexit deal, economic data
U.S. stocks opened with modest gains Thursday after U.K. and European Union leaders announced a draft agreement on Brexit and following a round of U.S. economic data and corporate earnings. The Dow Jones Industrial Average rose 64 points, or 0.2%, to 27,065, while the S&P 500 gained 14 points, or 0.5%, to 3,004. The Nasdaq Composite traded at 8,174, up 50 points, or 0.6%. The Brexit agreement must be approved by all EU member states and faces a difficult hurdle in the U.K. parliament this weekend. Stock-index futures jumped following the announcement of the agreement but then saw gains fade. Shares of Netflix Inc. were up 7.8% after delivering third-quarter results late Wednesday.

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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U.S. stocks open higher as Wall Street cheers U.K.-EU Brexit deal (MarketWatch Breaking News)

Google Business NewsOct 17, 2019
Stocks making the biggest moves premarket: IBM, Morgan Stanley, Honeywell, Netflix & more - CNBC
Stocks making the biggest moves premarket: IBM, Morgan Stanley, Honeywell, Netflix & more  CNBCMorgan Stanley 3Q Equities Trading Revenue Tops Estimates  Bloomberg Markets and FinanceMorgan Stanley Profit Rises 3%  The Wall Street JournalFutures rise on Brexit deal; Netflix, Morgan Stanley earnings adds to cheer  Investing.comIBM, Netflix, Morgan Stanley, Honeywell, Brexit - 5 Things You Must Know  TheStreetView full coverage on Google News

MarketWatch MarketPulseOct 17, 2019
Philip Morris profit tops estimates in Q3 but sales fall short, lowers full-year EPS guidance
Philip Morris International Inc. shares rose more than 2% then pared its gains to trade up 0.1% in premarket trade Thursday, after the company topped profit estimates for the third quarter as sales fell slightly short. The company said it had net income of $1.896 billion, or $1.22 a share, in the quarter, down from $2.247 billion, or $1.44 a share, in the year-earlier period. Adjusted per-share earnings came to $1.43, ahead of the $1.36 FactSet consensus. Revenue edged up to $7.642 billion from $7.504 billion, just below the FactSet consensus of $7.651 billion. The company revised down its full-year guidance and now expects EPS of at least $4.73, compared with prior guidance of at least $4.94. It expects adjusted EPS of $5.14. The current FactSet consensus is for EPS of $5.21. The new guidance includes a 4 cents a share tax benefit, asset impairment and exit costs fo about 4 cents a share, a Canadian tobacco litigation-related charge of about 9 cents a share and 12 cents impact of the loss of the deconsolidation of PMI's Canadian subsidiary Rothmans, Benson & Hedges Inc., among other special charges. The company is expecting a total international industry volume decline excluding China and the U.S. of 2.5% in 2019. Shares have gained 18% in 2019, while the S&P 500 has gained 19%.

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.



MarketWatch MarketPulseOct 17, 2019
Kudlow says U.S., China have come further than ever on trade deal
White House economic adviser Larry Kudlow said Thursday the U.S. and China have come "further than we ever have before" on a trade deal. Speaking during a CNBC interview, Kudlow said progress had been made on financial services, currency and other areas and that he saw momentum to finish an agreement. Separately, Kudlow predicted disagreements between House Speaker Nancy Pelosi and President Donald Trump wouldn't derail the proposed U.S.-Mexico-Canada trade agreement and that it would likely pass before Thanksgiving. Trump, Pelosi and other members of Congress had a contentious meeting Wednesday over Syria policy.

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.



MarketWatch MarketPulseOct 17, 2019
Boris Johnson urges lawmakers to pass Brexit deal
British Prime Minister Boris Johnson said the pact reached with the European Union will deliver a "real Brexit" as he urged U.K. lawmakers to pass what he called an "excellent" deal. Speaking next to Jean-Claude Juncker, the president of the European Commission, Johnson said the deal is a reasonable and fair outcome. Neither Juncker nor Johnson took questions from the press. The British pound was trading just below $1.28 after Johnson's remarks.

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.



MarketWatch MarketPulseOct 17, 2019
IBM's stock drop a 60-point drag on the Dow
International Business Machines Corp.'s stock tumbled 6.2% in premarket trading, and was the only Dow Jones Industrial Average component trading lower, after the technology giant topped profit expectations but missed on revenue. The stock's implied price decline would shave about 60 points off the Dow's price, while Dow futures rose 72 points.

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.



Yahoo BusinessOct 17, 2019
Here is What Hedge Funds Think About Nordson Corporation (NDSN)
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]


MarketWatch MarketPulseOct 16, 2019
U.S. business inventories flat in August
WASHINGTON (MarketWatch) - Business inventories in the U.S. were flat in August after a revised 0.3% increase in the prior month, the Commerce Department said Wednesday. Sales rose 0.2% in the month. The ratio of inventories to sales, meanwhile, was unchanged at 1.40. That's how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was 1.35. An increase in inventories adds to gross domestic product while a decrease subtracts from it.

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.



MarketWatch MarketPulseOct 16, 2019
Bank of America's stock rises toward 6-day win streak earnings beat, upbeat CEO comments on the economy
Shares of Bank of America Corp. rallied 2.3% toward a sixth straight gain in morning trading Wednesday, after the bank beat third-quarter earnings expectations and provided an upbeat outlook on the U.S. economy. That would match the 6-day win streak ending Jan. 18. Chief Executive Brian Moynihan said on the post-earnings conference call with analysts that despite repeated discussions around a potential recession and concerns over the impact of the U.S.-China trade war, the bank's activities suggests the U.S. economy is in "solid shape" and the consumer continues to benefit by strong employment prospects." Moynihan said he should know, since BofA's annual customer outgoing payments of nearly $3 trillion represents about 15% of the U.S. economy. He said consumer payments are up 6% year to date from the same period a year ago. In addition, Moynihan said commercial loans grew 6%, including 6% growth in the small-business segment. "These are tangible examples that the U.S. economy is in solid shape despite the worries about trade wars, capital investment slowdowns and other global macro conditions," Moynihan said, according to a FactSet transcript. Moynihan did say, however, the bank managed to generate operations savings despite a lower interest rate environment and "other revenue challenges with a slowing economy." The stock has gained 6.6% over the past 12 months, while the Dow Jones Industrial Average has advanced 4.7%.

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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