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Reuters BusinessMay 22, 2019
Trade tensions keep Wall Street lower ahead of Fed minutes
U.S. stocks dipped on Wednesday, as reports that Washington could impose restrictions on another Chinese technology company fanned trade tensions, while investors awaited the release of minutes from the Federal Reserve's latest policy meeting.

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US STOCKS-Trade tensions keep Wall St lower ahead of Fed minutes (Reuters Company News)

CNBC BusinessMay 22, 2019
Stocks making the biggest moves midday: Tesla, Lowe's, Nordstrom, Target & more
These are the stocks posting the largest moves midday.

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Cannabis Watch: Canopy Growth's stock climbs on news of U.K. skin-care deal; Hexo names COO (MarketWatch)

MarketWatch MarketPulseMay 22, 2019
Fed minutes: Voters say patient stance can last 'for some time'
The voting members of the Federal Open Market Committee seemed comfortable with their patient stance on interest rate, agreeing it could last for "some time," according to minutes of their April 30- May 1 meeting released Wednesday. Even if global economic and financial conditions improve, a wait-and-see approach was warranted, the officials said. Officials were split on the outlook for interest rates. A few officials said there might be a need for higher rates if the economy evolves as they thought. But others thought higher productivity might mean there was more economic slack than the low unemployment rate might suggest. Several others expressed worry about the risk of low inflation readings leading to lower expectations of future inflation, but did not call for a rate cut. Many said that the recent low inflation readings were transitory. In addition to interest-rate policy, there was a lengthy discussion, but no decision, about what types of Treasurys the central bank should hold once its balance sheet stops shrinking.

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 MarketPulseMay 22, 2019
Dow slips at the open as stock market awaits Fed minutes
U.S. stock benchmarks opened lower Wednesday morning as markets awaited the release of Federal Reserve minutes that could shed light on the central bank's outlook for interest rates amid Sino-America trade tensions. The Dow Jones Industrial Average fell 55 points, or 0.2%, at 25,820, the S&P 500 index retreated 0.2% at 2,858, while the Nasdaq Composite Index slipped 0.2% at 7,768. Minutes from the rate-setting Federal Open Market Committee's April 30-May 1 meeting will be released at 2 p.m. Eastern Time, and come amid increasing expectations that the central bank will cut rates before year-end. In corporate news, shares of home-improvement retailer Lowe's Co. were under pressure, down 7.4%, after its earnings disappointed, while shares of Target Corp. soared more than 9% after its quarterly results. Both quarterly updates were released before the start of regular trade. And Qualcomm Inc. shares tumbled, after a federal judge ruled late Tuesday that the chip maker violated antitrust laws.

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.



KiplingerMay 22, 2019
The 7 Best ETFs to Beat Back Trade War Worries
The trade war between the United States and China is well into its second year. Since Jan. 22, 2018, American stocks have made two runs into all-time-high territory, but overall, they haven't made much progress. The Standard & Poor's 500-stock index is just 2% higher than when the trade conflict started.

Now, uncertainty has returned, which means volatility has returned. So today, we'll look at some of the best exchange-traded funds (ETFs) to battle another round of trade jitters.

On-again, off-again talks between the U.S. and China seemed headed toward a resolution for most of 2019 but hit a considerable wall in May. The U.S. accused China of walking back some of its agreements and raised tariffs on $200 billion in Chinese imports from 10% to 25%, prompting Beijing to retaliate with new and escalated tariffs of its own.

Certain sectors have taken on hair-trigger demeanors. For instance, technology, which experts think could be heavily targeted in future rounds of tariffs, swings daily on the latest comings and goings out of Washington and Beijing. Semiconductor companies, many of which generate gobs of their sales from China, are among the most susceptible stocks.

The best ETFs to buy if you want to beat back the trade war, then, avoid these sensitive industries and instead focus on businesses that should come out far less scathed than others. Here, we look at seven top funds from various corners of the market.

SEE ALSO: The 19 Best ETFs for a Prosperous 2019


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UPDATE 2-European stocks edge down on Brexit, trade war fears (Reuters Company News)

MarketWatch MarketPulseMay 22, 2019
Target's stock soars after profit, revenue and same-store sales rise above expectations
Shares of Target Corp. shot up 7.7% in premarket trade Wednesday, after the discount retail giant reported a fiscal first-quarter profit, revenue and same-store sales that rose above expectations. Net earnings for the quarter to May 4 rose to $795 million, or $1.53 a share, from $718 million, or $1.33 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose 15.9% to $1.53, above the FactSet consensus of $1.43. Total revenue grew 5.0% to $17.63 billion, beating the FactSet consensus of $17.46 billion, as same-store sales growth of 4.8% topped expectations of a 4.1% increase. Comparable digital channel sales rose 42%, and contributed 2.1 percentage points to overall same-store sales. The company expects second-quarter adjusted EPS of $1.52 to $1.72, surrounding the FactSet consensus of $1.59, and affirmed its full-year EPS guidance of $5.75 to $6.05. The stock has gained 8.9% year to date through Tuesday, while the SPDR S&P Retail ETF has tacked on 5.1% and the S&P 500 has advanced 14.3%.

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.



Reuters Company NewsMay 22, 2019
UPDATE 1-Brexit-sensitive stocks, sterling hit by deepening political turmoil
Shares in Britain's housebuilders and retailers tumbled and sterling slid on Wednesday after multiple media reported rumours Prime Minister Theresa May's ministers could oust her in a row over her latest deal to exit the European Union.

MarketWatch MarketPulseMay 22, 2019
Nascar to buy International Speedway in deal valued at $2 billion, at a 7% premium to original per-share bid
International Speedway Corp. announced Wednesday a deal to be acquired by Nascar Holdings Inc. in a deal valued at $2.0 billion. Under terms of the deal, Nascar will pay $45 in cash for each International Speedway share outstanding, which represents a 2.0% premium to the Class A shares' Tuesday closing price of $44.10, and 7.1% above Nascar's original bid in November of $42 a share. The deal is expected to close in 2019. International Speedway's stock, which is halted for news until 9:50 a.m. Eastern, has gained 0.6% year to date, while the S&P 500 has advanced 14%.

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.



Reuters Company NewsMay 22, 2019
CANADA STOCKS-TSX weighed down by fears of a protracted trade war
Canada's main stock index fell on Wednesday, with energy and mining stocks leading declines, as investors fled riskier assets on worries over a prolonged U.S.-China trade war.

Reuters Company NewsMay 22, 2019
US STOCKS-Wall St slips as trade tensions mount; Fed minutes awaited
* Indexes off: Dow 0.25%, S&P 0.22%, Nasdaq 0.31% (Updates prices, adds comments)

MarketWatch MarketPulseMay 20, 2019
Carvana launches debt, equity offer
Carvana Co. said late Monday it launched an offering of shares and debt for general corporate purposes. The used-car buying online company is looking to sell 3.5 million shares plus rights for the underwriters to buy additional shares. Wells Fargo Securities and Citigroup are among the underwriters. Carvana is also offering $250 million of additional 8.875% senior notes due 2023 in a private offering, the company said. Shares of Carvana fell more than 4% in the extended session after ending the regular session down 1.4%.

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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