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 The Dow Jones Industrial Average's early selloff Tuesday is unanimous, as the stocks of all 30 of the blue-chip barometer's components are trading lower in the premarket. Dow futures sank 327 points, or 1.1%, ahead of the open. Among the biggest early decliners, shares of Caterpillar Inc. slid 1.8%, Goldman Sachs Group Inc. shed 1.8%, Salesforce Inc. dropped 1.7% and Boeing Co. lost 1.7%. The most-active Dow stock was Apple Inc.'s , which shed 1.0%, while the best performer was Johnson & Johnson's stock , which eased 0.15%.
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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These two technology stocks are each trading down over 90%. Is it time to buy shares at a steep discount?
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Our theme of Value Tech Stocks - which is comprised of technology stocks with a market cap of over $5 billion and a price-to-earnings multiple of under 20x - has declined by almost 24% year-to-date, although it has outperformed the broader Nasdaq-100 index, which remains down 30% over the same pe...
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Revolve Group stands out in a field of beaten-down growth stocks.
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Oil futures climbed on Friday, with U.S. prices up about 0.8% for the week. "Low investment in oil discovery and the shutdown of refineries during the pandemic-induced recession of 2020 have led to a supply crunch," said Lukman Otunuga, manager, market analysis, at FXTM. "The geopolitical developments concerning Ukraine-Russia poured fuel to the fire," he said, and oil bulls "remain supported by various forces" which may push prices higher. However, "concerns over tighter monetary policy tipping the global economy into a recession may hit the demand outlook for oil, limiting upside gains." West Texas Intermediate crude for August delivery rose $2.67, or 2.5%, to settle at $108.43 a barrel on the New York Mercantile Exchange.
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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