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MarketWatchOct 22, 2019
Earnings Results: Texas Instruments stock drops after weak outlook, drags on chip sector after hours
Texas Instruments Inc. shares dropped in the extended session Tuesday after the chip-maker's outlook fell well beneath Wall Street estimates, and other chip-maker stocks took an after-hours hit.

MarketWatchOct 22, 2019
Stocks plunged a year ago — here's what's different about the current environment
Earnings are so far better than expected, and the Fed is keeping interest rates low.

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Market Snapshot: Stock market ends lower as new social-media bill and Brexit weigh (MarketWatch)

MarketWatch MarketPulseOct 22, 2019
Travelers, McDonald's stocks exact 150--point toll on Dow as broader stock market ends lower amid political clouds
U.S. stock indexes skidded lower into Tuesday's close, amid negative headlines on Brexit and reports related to President Donald Trump's impeachment inquiry. The Dow Jones Industrial Average closed nearly 40 points, or 0.2%, lower at 26,788, with a post-earnings skid for shares of Travelers Cos. Inc. , off $11.76, or 8.3%, and McDonald's Corp. , down $10.58, or 5%, combining to deliver a 151-put headwind to the blue-chip index. Meanwhile, the S&P 500 index closed down 0.4% at 2,996, slipping below a psychologically significant level at 3,000, while the Nasdaq Composite Index finished 0.7% lower at 8,104. All closing levels are on a preliminary basis. The Wall Street Journal and others reported that U.S. diplomat Kurt Volker told the Ukrainian president he needed to convince Trump he was willing to investigate corruption and alleged Ukrainian 2016 election interference against former Vice President Joe Biden and his son, said the paper, citing people familiar with the former envoy's recent testimony to Congress. The disclosures may intensify the Congressional investigation into allegations that Trump withheld federal funds in exchange for a probe into a political rival. Separately, investors focused on on Brexit after U.K. lawmakers endorsed Prime Minister Boris Johnson's plan to leave the EU but voted against a fast-track plan that would have seen the country leave the trade bloc by Oct. 31, increasing some uncertainty around Brexit.

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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13 Vulnerable Stocks to Watch If the Market Trembles (Kiplinger)
GLOBAL MARKETS-Pound, stocks slip; lawmakers reject Brexit law timetable (Reuters Company News)

Reuters BusinessOct 22, 2019
Pound, stocks slip as lawmakers reject Brexit law timetable
The pound weakened and stocks on world markets declined on Tuesday after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.

MarketWatch MarketPulseOct 22, 2019
IRobot shares dive 16% after lowering guidance
IRobot Corp. shares plunged more than 16% in the extended session Tuesday after it beat earnings and revenue expectations but lowered its holiday quarter guidance, citing U.S. tariffs on robotic vacuum cleaners, among other issues. The robot vacuum maker reported fourth-quarter net income of $35.5 million, or $1.24 a share, compared with $31.9 million, or $1.12 a share, in the year-ago period. Revenue rose to $289.4 million from $264.5 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 52 cents a share on revenue of $259.4 million. For the fourth quarter, analysts model earnings of $1.03 a share on sales of $444 million. IRobot lowered its full-year guidance to earnings of $2.60 to $2.80 a share on sales of $1.2 billion to $1.21 billion. Previously iRobot had expected full-year earnings of $2.40 to $3.15 a share on sales of $1.2 billion to $1.25 billion. In a statement, iRobot Chief Executive Colin Angle said it lowered guidance because of marketing conditions and the company's plans, which include several strategies to moderate the impact of U.S. tariffs on robotic vacuum cleaners. IRobot stock has fallen 36% this year, with the S&P 500 index rising 20%.

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 22, 2019
British pound falls 0.7% against the dollar as Johnson loses vote to fast-track Brexit plan
U.K. Prime Minister Boris Johnson's plan to exit from the European Union appeared less certain on Tuesday, with the British leader losing a vote to fast-track his plan to abandon the European Union by Oct. 31. Johnson lost a program vote to leave the trade bloc 308-322, but won an earlier vote "in principle" for his Brexit plan 329-299. Johnson is expected to go to the European Commission soon to seek an extension but didn't immediately call a snap election as had been feared by some. Johnson had also threatened to pull his plan, which threatened the U.K. crashing out of the EU. The votes on Tuesday come a day after Speaker of the House of Commons John Bercow refused to allow a "straight up-and-down" vote on Brexit because lawmakers voted to delay approving the the vote on Saturday, and parliamentary rules bar the same measure from being considered a second time during a session of parliament unless something has changed. Sterling fell 0.7% against the U.S. dollar, last changing hands at $1.2865 on Tuesday, according to FactSet data. Meanwhile, the FTSE 100 finished the session before the votes up 0.7%. "Traders pushed the sterling on the back of the first vote and then traders quickly took the profit off the table as the second vote came in," wrote Naeem Aslam, chief market analyst at ThinkMarkets U.K., in a Tuesday research note.

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 22, 2019
Were Hedge Funds Right About Piling Into Neurocrine Biosciences (NBIX)?
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers' equity positions as of the end of the three-month period […]


FT.com - Financial MarketsOct 22, 2019
Global stocks inch higher on US-China trade deal hopes
UK banks have already priced in a Brexit resolution, says Citi

Reuters Company NewsOct 22, 2019
UPDATE 2-Historic Brazil pension reform approval looms, lifting stocks to new highs
Brazil's Senate Constitutional and Legal Affairs Committee on Tuesday approved the text of a pension reform bill, paving the way for a second and final plenary vote later in the day that will finally enact the landmark bill into law.

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UPDATE 1-Brazil pension reform poised for final approval, stocks hit record high (Reuters Company News)

MarketWatch MarketPulseOct 22, 2019
Reports of problems accessing Twitter's microblogging site jump Tuesday morning
Social-media site Twitter Inc. was briefly down Tuesday morning and its shares also were sliding, as users attempting to access the platform were confronting difficulties. There were some 15,700 reports of problems getting on to Twitter after 10 a.m. Eastern Time, according to site-tracker Downdetector.com. Twitter appeared to be running normally, however, as of 10:30 a.m. A digital map on that tracking site indicated Twitter outages had been reported along the Northeast of the U.S. and in parts of Europe. Shares of Twitter were down 1.9% Tuesday late-morning but have gained 37% so far in 2019.

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 22, 2019
Just Eat rejects 710 pence a share offer from Prosus
Just Eat said it's rejected the 710 pence a share bid from Prosus that was announced earlier on Tuesday. "The Board of Just Eat has considered the terms of the Prosus Offer and believes that it significantly undervalues Just Eat and its attractive assets and prospects both on a standalone basis and as part of the proposed recommended all-share combination with Takeaway.com," the company said. Just Eat said it had rejected earlier indicative bids from Prosus, and that it's provided due-diligence information to Prosus.

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.



FT.com - Financial MarketsOct 21, 2019
S&P 500 closes above 3,000 as trade hopes lift US stocks
Sterling wobbles amid Brexit drama
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