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Reuters BusinessMar 21, 2019
Wall St. falls at open after Fed's abrupt dovish turn
U.S. stocks opened lower on Thursday, after the Federal Reserve abandoned any interest rate hikes this year and flagged an expected slowdown in the economy.

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US STOCKS SNAPSHOT-Wall St falls at open after Fed's abrupt dovish turn (Reuters Company News)

MarketWatchMar 21, 2019
Market Snapshot: Stocks struggle for direction as investors weigh dovish Fed with growth concerns
Stock-index futures point to a slightly lower start for Wall Street, a day after the Federal Reserve signaled its unlikely to raise interest rates in 2019 amid worries over economic growth.

Reuters Company NewsMar 21, 2019
CANADA STOCKS-TSX edges down after U.S. Fed turns more accommodative
Canada's main stock index edged down on Thursday, as investors remained on the sidelines after the U.S. Federal Reserve abandoned any interest rate hikes this year amid signs of an economic slowdown.

Google Business NewsMar 21, 2019
Dow set to drop more than 100 points on economic worries, Biogen shares plummet - CNBC
Dow set to drop more than 100 points on economic worries, Biogen shares plummet  CNBCBank share declines weigh on indices as Fed signals no interest rate hikes in 2019  Yahoo FinanceThis Might Be the Dollar Disaster Bears Have Waited For  BloombergStocks whip around in volatile trade after the Fed dims its outlook on the economy  Business InsiderStocks End Day Mixed After Fed Leaves Interest Rates Unchanged  TheStreet.comView full coverage on Google News

Reuters Company NewsMar 21, 2019
US STOCKS-Wall St set for lower open after Fed's abrupt dovish turn
* Futures down: Dow 0.39 pct, S&P 0.38 pct, Nasdaq 0.45 pct (Adds comments, background, updates prices)

MarketWatch MarketPulseMar 21, 2019
Bank of England leaves policy on hold amid Brexit uncertainty
The Bank of England left its main lending rate unchanged at 0.75% on Thursday, in line with expectations. The central bank said new economic data has been mixed and the U.K.'s economic outlook will depend significantly on the nature and timing of Brexit. "Shifting expectations about the potential nature and timing of the United Kingdom's withdrawal from the European Union have continued to generate volatility in UK asset prices, particularly the sterling exchange rate," said the BOE statement. "Brexit uncertainties also continue to weigh on confidence and short-term economic activity, notably business investment." The market reaction to the policy update was muted, with the British pound holding its losses in response. Sterling last bought $1.3115, down 0.6%. In other assets, the 10-year gilt also reacted little, last yielding 1.08%, while U.K. stock benchmark FTSE 100 held on to its modest gain, last up 0.4%

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.



MarketWatch MarketPulseMar 21, 2019
Apple on track to surpass Microsoft as most valuable company by market cap
Apple Inc.'s stock surged 1.3% in premarket trade Thursday, after a Needham upgrade to strong buy, which put the company on track to retake its position as the most valuable U.S. company by market capitalization. With 4.715 billion shares outstanding as of Jan. 18, according to the latest SEC filings, Apple's stock gain is set to raise its market cap to $898.5 billion from $887.2 billion on Wednesday. That would knock Microsoft Corp. down to second place, as the software giant's premarket stock drop of 0.4% implies a market cap of $898.0 billion, down from Wednesday's $901.6 billion. Amazon.com Inc.'s stock is down 0.1% ahead of the open, which would keep the e-commerce and cloud giant in third place with an implied market cap of $881.7 billion. Apple's stock has surged 19.3% year to date, while the Dow Jones Industrial Average has gained 10.4%.

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.



Reuters Company NewsMar 21, 2019
RPT-UPDATE 1-No Fed boost for European stocks as banks fall, but chipmakers shine
European stock markets fell on Thursday as fears over economic growth and the impact on banks of an accommodative policy message from the U.S. Federal Reserve outweighed any broader lift from its abandoning of further interest rate hikes this year.

CNBC BusinessMar 21, 2019
European markets edge lower after Fed signals no more rate hikes this year; Deutsche Bank down 3%
European stocks were slightly lower Thursday morning, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting.

Google Business NewsMar 21, 2019
Biogen halts study of Alzheimer's drug, a blow to hopes for new treatment - STAT
Biogen halts study of Alzheimer's drug, a blow to hopes for new treatment  STATStocks making the biggest moves premarket: Biogen, Boeing, Walmart, Apple, Clorox & more  CNBCBiogen Loses $18 Billion in Market Value After Ending Alzheimer's Trials  The Wall Street JournalBiogen Shares Plunge After Alzheimer's Drug Setback  BloombergBiogen heads for the worst day in a decade after ending trial for blockbuster Alzheimer's drug  CNBCView full coverage on Google News

Reuters BusinessMar 21, 2019
Global stocks wilt as Fed shift sparks stampede into bonds
European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Federal Reserve's abandonment of all plans to raise rates this year left traders wondering what might be lurking in the shadows.

Reuters Company NewsMar 21, 2019
GLOBAL MARKETS-Stocks wilt as Fed shift sparks stampede into bonds
European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Federal Reserve's abandonment of all plans to raise rates this year left traders wondering what might be lurking in the shadows.

Reuters Company NewsMar 21, 2019
EMERGING MARKETS-Fed boost for EM stocks as trade worries weigh
Emerging market stocks hit their highest in almost seven months on Thursday after the U.S. Federal Reserve brought an abrupt halt to its cycle of interest rate rises, although concerns over U.S.-China trade talks and slowing global growth limited gains.

MarketWatch MarketPulseMar 21, 2019
Stocks attempt post-Fed bounce as Wall digests dovish stance; Levi Strauss set for its IPO
U.S. stocks opened lower on Thursday but soon cut early losses, as investors digest the Federal Reserve's downgrade of the domestic economic outlook for 2019, citing sluggish global expansion. As expected, the central bank kept its key rate at a range of 2.25% and 2.50%, but a more dovish policy stance than investors has undercut the buying appetite on Wall Street. The Dow Jones Industrial Average was virtually unchanged at 25,745, the S&P 500 index added 0.1% at 2,824, while the Nasdaq Composite Index rose 0.2% to 7,743. Ordinarily, the Fed's accommodative stance would be bullish for markets because it means lower borrowing costs for longer but some investors are wrestling with the idea that the Fed may be seeing negatives that investors should brace for, with its decision to lower gross domestic product forecasts to 2.1% from 2.3% for 2019 as well as slashing its projections for further rate hikes to zero from two last December. In corporate news, Biotechnology firm Biogen Inc. said Thursday that it decided to discontinue late-stage trials of a treatment for Alzheimer's disease, putting the company's shares under pressure. Meanwhile, clothing retailer Levi Strauss & Co. was set to go public later Thursday after pricing on Wednesday at $17. In economic reports, the Labor Department said the number of laid-off workers who applied for first-time unemployment benefits fell by 9,000 in the week ended March 16 to 221,000 - a one-month low. Economists surveyed by MarketWatch had forecast claims to total 225,000. The Philadelphia Fed's business activity index rebounded in March to a seasonally adjusted reading of 13.7 from -4.1 the previous month. A reading above zero indicates improving conditions. Economists polled by MarketWatch had forecast a reading of

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 MarketPulseMar 21, 2019
Ford names Amazon veteran Tim Stone as CFO, effective June 1
Ford Motor Co. said Thursday that its Chief Financial Officer Bob Shanks has decided to retire at year-end. The car company said it has named Tim Stone, a 20-year Amazon veteran and former CFO of Snap Inc. to succeed Shanks as CFO effective June 1. Ford shares were slightly higher premarket, but have fallen 23% in 2019, while the S&P 500 has gained 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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