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FT.com - Financial MarketsOct 01, 2020
Tech stocks lead Wall Street higher on hopes for stimulus pact
Oil prices fall on lower demand and sterling trades choppily on Brexit signals

MarketWatch MarketPulseOct 01, 2020
Stocks open higher, with all eyes on Washington stimulus
U.S. stocks opened higher Thursday as investors held out hope for a last-ditch deal on another round of coronavirus fiscal aid. The Dow Jones Industrial Average gained 177 points, 0.6%, to open near 27,958, while the S&P 500 was up 26 points or 0.8% to 3,389. The Nasdaq Composite popped 1.1%, 123 points, and traded near 11,291. The White House and House Democrats have both signaled that each wants to make a deal, if at all possible, but both have reiterated that they remain far apart on many of the details. Meanwhile, furloughs begin today for tens of thousands of airline employees. Shares of Bed Bath & Beyond Inc. jumped after the bell after the home-goods retailer reported earnings that beat Wall Street expectations.

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 01, 2020
Mission Produce shares soar 18% as trading begins
Mission Produce Inc. shares jumped 18.8% after trading began Thursday at 12:15 pm ET. The avocado company priced at $12 on Wednesday, below the price range between $15 to $17. Mission Produce also downsized its IPO, offering 8 million shares, down from 9,375,000 shares previously. Mission Produce is trading under the ticker "AVO" on the Nasdaq. BofA Securities, JPMorgan and Citigroup were the active bookrunners. Proceeds from the IPO will be used for general corporate purposes and working capital. The California-based company has packing facilities in the U.S., Mexico and Peru and 11 distribution and ripening centers around the world.

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.



RELATED ARTICLES
Stocks On The Move: Palantir, Asana shares pull back after trading debut (Yahoo Business)

Google Business NewsOct 01, 2020
Dow Jones Futures Rise On Fresh Stimulus Hopes For Stock Market Rally; Tesla Deliveries Due - Investor's Business Daily
Dow Jones Futures Rise On Fresh Stimulus Hopes For Stock Market Rally; Tesla Deliveries Due  Investor's Business DailyWhat history says tends to happen after stock market logs ugly September losses  MarketWatchU.S. stocks end third quarter on a high note, despite rocky September  The Washington PostS&P 500 opens higher supported by rising energy stocks  FXStreet

MarketWatch MarketPulseOct 01, 2020
Bed Bath & Beyond shares soar 28% after reporting first comp sales growth since fiscal 2016
Bed Bath & Beyond Inc. stock soared 28.6% in Thursday trading after second-quarter earnings and sales beat expectations. The home goods retailer reported net income of $217.9 million, or $1.75 per share, after a loss of $138.8 million, or $1.12, last year. Adjusted EPS of 50 cents was well ahead of the FactSet consensus, which was for a loss of 30 cents per share. Sales of $2.69 billion were down from $2.72 billion last year, but ahead of the FactSet consensus for $2.63 billion. Comparable sales grew for the first time since the fourth-quarter of fiscal 2016, up 6%. FactSet forecast a 2.1% decline. And digital sales growth was 89%. During the quarter, the company generated more than $750 million in cash flow, reduced debt by $500 million and brought its liquidity up to $2.2 billion through cash and a new $850 million secured asset-based lending facility. Bed Bath & Beyond didn't provide guidance due to the ongoing uncertainty of the coronavirus pandemic, but expects to achieve the goals laid out in its restructuring program, including annualized EBITDA improvement of $250 million to $350 million, excluding one-time costs, cost savings of about $100 million through the closure of 200 stores over the next two years, and about $150 million in savings from 2,800 job cuts. Bed Bath & Beyond shares are up 12.5% for the year to date while the S&P 500 index has gained 4.5% for the period.

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.



CNBC FinanceOct 01, 2020
Stocks making the biggest moves in the premarket: PepsiCo, Bed Bath & Beyond, Amazon & more
The stocks making the biggest moves in premarket trading include PepsiCo, Bed Bath & Beyond, Amazon, and more.

The Motley FoolOct 01, 2020
Stock Market Today: Bed Bath & Beyond Surprises; Energy Stocks Fall on ExxonMobil Warning
Investors took an upbeat view on the economy to start the new quarter.

MarketWatch MarketPulseOct 01, 2020
Pulmonx shares soar 118% in trading debut
Shares of Pulmonx, a maker of treatments for lung diseases including emphysema, rose 118% in their trading debut Thursday, after the company's initial public offering priced above range. The deal priced at $19 a share, above its proposed price range of $17 to $18. The company upsized the deal on Wednesday and raised the proposed price range. Pulmonx sold 10 million shares to raise $190 million. Shares are trading on Nasdaq under the ticker "LUNG." BofA, and Morgan Stanley were lead underwriters on the deal, with Stifel, Wells Fargo and Canaccord acting as co-managers. Proceeds of the deal will be used to hire sales and marketing people, fund R&D, to pay a success fee to Oxford of $1.9 million and for working capital. "We are a commercial-stage medical technology company that provides a minimally invasive treatment for patients with severe emphysema, a form of chronic obstructive pulmonary disease (COPD)," the company says in its prospectus.

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 01, 2020
Coronavirus tally: Global cases of COVID-19 33.9 million, 1.01 million deaths and U.S. death toll nears 207,000
he global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 33.9 million on Thursday, according to data aggregated by Johns Hopkins University, while the death toll rose to 1.01 million. The U.S. has the highest case tally at 7.2 million, and highest death toll at 206,959. Dr. Anthony Fauci, head of the National Institute for Allergies and Infectious Diseases, hit back at President Donald Trump for misrepresenting his stance on face masks during Tuesday's presidential debate, in an interview with ABC News's "Start Here" podcast. "Anybody who has been listening to me over the last several months knows that a conversation does not go by where I do not strongly recommend that people wear masks," he said. Brazil has the second-highest death toll at 143,952, but third-highest case tally at 4.8 million. India is second to the U.S. by case tally at 6.3 million, and has the third-highest death toll at 98,678. Mexico is fourth with 77,646 deaths and seventh with 743,216 cases. The U.K. has 42,223 deaths and 455,846 cases, the highest death toll in Europe and fifth-highest in the world.

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.



CNBC FinanceOct 01, 2020
Investors are bullish on stocks for the 4th quarter, but fear a coronavirus spike
CNBC polled dozens of investors and strategists about where they stood on the upcoming quarter for stocks and the potential election impact.

MarketWatch Breaking NewsOct 01, 2020
European stocks, U.S. futures point to gains on first day of final quarter
European stocks, U.S. futures point to gains on first day of final quarter
Google Business NewsSep 30, 2020
US stocks climb on stimulus hopes, still post first monthly loss since March | Markets - Business Insider
US stocks climb on stimulus hopes, still post first monthly loss since March | Markets  Business InsiderStocks rally on Mnuchin-Pelosi stimulus hopes and record home sales  Fox BusinessWall Street closes higher as stimulus talks progress  ReutersDow rallies 475 points after raucous presidential debate on renewed stimulus optimism | Markets  Business InsiderDow Jumps 300 Points As Pelosi And Mnuchin Remain ‘Hopeful' About Sti

Washington Post BusinessSep 30, 2020
U.S. stocks end third quarter on a high note, despite rocky September
The Dow and S&P 500 end a see-saw session in the plus column and post their best back-to-back quarters since 2009.

MarketWatchSep 30, 2020
Need to Know: Why billionaire investor Leon Cooperman says there are ‘three stock markets,' as he warns about danger in FAANG stocks
Leon Cooperman, the 77-year-old billionaire chief executive of hedge fund Omega Advisers, has a lot of thoughts on the stock market. Or, as he puts it, three stock markets.
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