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MarketWatch MarketPulseFeb 24, 2021
Nutanix shares rise 5% on quarterly results
Shares of Nutanix Inc. were initially up 5% in extended trading Wednesday after the cloud-computing company reported fiscal second-quarter results. Nutanix reported a net loss of $287.4 million, or $1.42 a share, compared with a net loss of $217.6 million, or $1.13 a share, in the year-ago quarter. Revenue improved was flat, at $346.4 million from $346.8 million a year ago. Analysts surveyed by FactSet had expected a loss of 99 cents a share on revenue of $327 million. Nutanix's stock has inched up 0.6% over the last 12 months. The broader S&P 500 index has improved 26% in the last year.

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.



MarketWatchFeb 24, 2021
Market Snapshot: Dow ends shy of 32,000 milestone, books record as Powell testimony awakes bulls on Wall Street
Stocks surge to end higher Wednesday, even as bond yields scale new heights, after Federal Reserve Chairman Jerome Powell's second day of dovish testimony helped restore bullish sentiment on Wall Street.

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Dow gains over 420 points to hit new all-time high after Powell testimony (MarketWatch MarketPulse)

MarketWatch MarketPulseFeb 24, 2021
: GameStop trading repeatedly paused as stock more than doubles on day
GameStop Corp. GME shares were paused repeatedly on volatility in the final hour of trading Wednesday as the videogame retailer's stock soared. In recent activity, GameStop shares more than doubled while heading into the close touching intraday highs of more than $90. More than 41 million shares had traded hands near the close, compared with a 10-day average daily volume of 14.7 million shares. Late Tuesday, the company announced the departure of its financial chief.

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 MarketPulseFeb 24, 2021
Oil futures post highest finish in over 13 months
Oil futures climbed sharply Wednesday to post their highest finish over 13 months. Data from the Energy Information Administration released Wednesday revealed an expected weekly rise in U.S. crude supplies, but distillate stockpiles dropped as refinery activity in Texas slowed in the wake of winter storms last week. "With both Texas refinery runs and crude production expected to suffer from lingering damage, the impact of the storm is set to continue to limit the global supply of both crude and products through the coming weeks," said Troy Vincent, market analyst at DTN. Oil prices finished near the day's highs, despite a report from Reuters that OPEC may discuss a production increase of 500,000 barrels per day starting in April when the group of major producers meet next week. April West Texas Intermediate crude rose $1.55, or 2.5%, to settle at $63.22 a barrel, the highest front-month contract settlement since early January 2020, FactSet data show.

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
Occidental Petroleum's stock soars to lead S&P 500 gainers, as crude oil prices rally toward a 13-month high (MarketWatch MarketPulse)
Oil prices near session highs; EIA reports a weekly rise for U.S. crude supplies, but distillate stocks drop (MarketWatch MarketPulse)
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