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 Coronavirus daily update: Mass., Conn., N.J. join states with cases on the rise
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 Eastman Kodak Co.'s share price rally after news of a $765 million government loan to help it make drug ingredients at its U.S. factories has offered shareholders and executives with stock options a tidy windfall. But they're not alone.
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 Disney (DIS) is set to deliver its fiscal third-quarter report after market close on Tuesday. The results are expected to be ugly, after the coronavirus pandemic hit the company in its most lucrative theme parks, media networks and studio film businesses.
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Walt Disney Co. reported a quarterly loss of nearly $5 billion Tuesday due to a pandemic that has all but paralyzed its theme parks, live productions and cruise line.
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 Stocks closed modestly higher after a choppy trading session Tuesday, with investors keeping one eye on stimulus talks in Washington and another on mixed corporate earnings. The Dow Jones Industrial Average gained about 166 points to close 0.6% higher, near 26,830, while the S&P 500 closed at 3,307, according to preliminary estimates, up 12 points or 0.4%. The tech-heavy Nasdaq started off the day strong, slipped into the red, and rebounded late in the session to close 0.4%, 38 points, higher, near 10,941, another record close. Shares of Abiomed Inc. lost ground even after the company said its Impella heart pump had received an emergency use authorization from the FDA for use as a treatment for some COVID-19 patients. On Capitol Hill, a stimulus deal for the coronavirus-battered economy did not appear imminent.
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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Advanced Micro Devices Inc.'s stock soars to fresh records Tuesday after another analyst hikes his price target on the chip company, driving it to a market cap in excess of $100 billion.
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The European Commission said Tuesday that it has opened an in-depth investigation into Alphabet Inc.'s proposed acquisition of Fitbit. "The Commission is concerned that the proposed transaction would further entrench Google's market position in the online advertising markets by increasing the already vast amount of data that Google could use for personalisation of the ads it serves and displays," the European Commission said in a release. Executive Vice-President Margrethe Vestager commented in the release that Google's acquisition of Fitbit could give the ad giant "key insights about the life and the health situation of the users of these devices," so this investigation "aims to ensure that control by Google over data collected through wearable devices as a result of the transaction does not distort competition." A Reuters report from mid-July said that Google had offered not to use Fitbit health data for the purposes of ad targeting given European Commission concerns. The commission has 90 working days, or until Dec. 9, to reach a decision. Fitbit shares are down 0.4% in Tuesday trading, while Alphabet shares are up 0.3%. Fitbit shares have lost 1.8% so far this year as Alphabet's stock has gained 11% and as the S&P 500 has risen 2%.
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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‘We do not want to return to a time when parents had to worry their infant could die of meningitis — especially when we have a vaccine to prevent it.'
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 Stocks close near their highs of the day, with the Dow gaining 165 points
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The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 has gained 2%.
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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It's still early, and a lot can happen between now and November. But over the past few months, former Vice President Joe Biden's chances of becoming the next president of the United States have vastly improved.
As of late July, the betting markets were pricing in a 60% probability of the election going his way, and most polls show Biden ahead in the key swing states that will decide it.
Polls won't always nail it perfectly, as we saw four years ago when Hillary Clinton won the popular vote, but Donald Trump won the electoral college vote. And the COVID-10 pandemic gives us an entirely new set of variables. If voter turnout is low due to virus fears, it's anyone's guess to what the final tally will look like. But it's important to have an investing action plan in place for either scenario: a Trump re-election … or a potential Biden win.
"A Biden administration will mean more regulatory scrutiny for financial and energy stocks and probably higher taxes across the board," says Rodney Johnson, president of economic research firm HS Dent Publishing. "But there will be opportunities. Infrastructure spending, green energy and health care are all Democratic priorities and should do well under a Biden presidency."
Let's look at 10 of the best stocks to buy for a Joe Biden presidential victory. Some of these are fairly obvious winners, but some are contrarian bets you might not expect. Or, you can also learn more about the best stocks to buy if President Donald Trump wins re-election.
SEE MORE 91 Top Dividend Stocks From Around the World
Data is as of Aug. 3. Dividend yields are cal
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Gold futures powered higher Tuesday, gathering momentum late in the session to finish at a fresh record as government bond yields headed lower and as the U.S. dollar's recent rebound receded somewhat, allowing the precious metal to make an assault on a record close above the $2,000 threshold. December gold gained $34.70, or 1.7%, to reach $2,021 an ounce. The moves came as a recent rise in the dollar abated, as gauged by the ICE U.S. Dollar Index , a gauge of the greenback against a half-dozen major currencies. The rally for the dollar also came as the 10-year Treasury note yield continued to sink lower, reflecting appetite for haven assets, despite a record climb for equity benchmarks like the technology-heavy Nasdaq Composite Index . The 10-year Treasury note was recently yielding 0.52%. Lower yields can make gold, which doesn't offer a coupon, comparatively more attractive as a safety play. A weakening dollar, meanwhile, makes dollar-priced assets more appealing to overseas buyers. The sustained rally in gold has come as governments across the world have flooded their economies with financial aid to combat the COVID-19 pandemic. . And investors are betting that the uptrend for the yellow metal continues as the dollar weakens and interest rates remain around 0% in many parts of 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.
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Facebook doubles down on work-from-office with massive NYC lease near Penn Station TechCrunchVornado stock spikes after Facebook agrees to lease Farley Building in New York MarketWatchFacebook Leases Large Space At Manhattan's Farley Building, Signaling Confidence In The City And Office Buildings ForbesFacebook closes on massive NYC office expansion New York Post Farley gets Zucked: Facebook signs huge lease at Post Office redevelopment The Real DealView Full Coverage on Google News
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Twilio shares fell further in the extended session Tuesday after the company reported higher revenue and an unexpected adjusted profit. Twilio shares declined 6% in after-hours trading, after falling to $283.76, a 0.9% drop, in the regular session. The maker of cloud enterprise communications software reported a second-quarter loss of $99.9 million, or 71 cents a share, compared with $92 million, or 72 cents a share, in the year-ago period. But adjusted earnings were 9 cents a share, adjusted for stock-based compensation and amortization of acquired intangibles. Jeff Lawson, Twilio's co-founder and CEO, said in a statement, "We are just scratching the surface of this huge opportunity" as the importance of communications is highlighted by the pandemic. Revenue rose to $400.8 million from $275 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 9 cents a share on revenue of $368 million. Twilio shares are up 189% this year, with a 150% surge coming in the past three months.
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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