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Google Business NewsAug 12, 2020
Stock market news live updates: Stock futures open little change, pausing after rally sends S&P 500 to record - Yahoo Finance
Stock market news live updates: Stock futures open little change, pausing after rally sends S&P 500 to record  Yahoo FinanceS&P 500, Dow snap seven-day winning streak as concern mounts over stimulus deal  ReutersHere's what happened to the stock market on Tuesday  CNBCThree Reasons Why The Stock Market Will Break Its All-Time High  Forbes

Tesla shareholder on stock split announcement: 'This has been a long time in the making' (Yahoo Business)

CNBC FinanceAug 12, 2020
Stocks making the biggest moves after hours: Lyft, Cisco, Vroom & more
Check out the companies making headlines after the bell on Wednesday.

MarketWatchAug 12, 2020
Cisco's tepid earnings outlook, revenue decline and CFO retirement news hits stock
Cisco Systems Inc. reported another revenue decline and soft earnings guidance for the current quarter Wednesday afternoon, then announced that its chief financial officer will retire as shares were pummeled in after-hours trading.

Ping Identity stock declines as revenue outlook less than Street expected (MarketWatch MarketPulse)

MarketWatchAug 12, 2020
Market Snapshot: Dow closes up nearly 300 points and S&P 500 ends a stone's throw from record close as tech reaffirms dominance
Stocks finish higher Wednesday as appetite for technology shares, which had taken a pause from their rally in recent days, resumed amid some signs of a slowdown in the spread of the coronavirus pandemic and stronger-than-expected economic data.

Here's Why K12 Stock Went Down on Wednesday (The Motley Fool)

MarketWatch MarketPulseAug 12, 2020
S&P 500 narrowly misses record close by 6 points as stock market bounces back from Tuesday's slump
U.S. stock benchmark finished sharply higher Wednesday, a day after the Dow Jones Industrial Average and the S&P 500 halted a win streak at seven sessions, as investors eyed the trajectory of the coronavirus pandemic and stronger-than-expected economic data. Wednesday's action was marked by a return to the trades that have worked throughout the pandemic, large-capitalization tech stocks and stay-at-home companies, which have lead the rally back from the coronavirus lows in March. The S&P 500 index closed about 6 points shy from a record close, ending at around 3,380, based on preliminary levels. That narrowly misses the Feb. 19 closing high at 3,386.15. The Dow Jones Industrial Average finished up 1.1% at 27,977, also on a preliminary basis. Meanwhile, the technology-laden Nasdaq Composite Index resumed its dominance, which had seemed to fade in recent days, finishing up 2.1% at 11,012. Recently, investors had appeared to shift away from tech names and into beaten-down sectors like financial and energy but that action subsided on Wednesday.

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.

Google Business NewsAug 12, 2020
Dow Up 270 Points As Market Back In Rally Mode - Investor's Business Daily
Dow Up 270 Points As Market Back In Rally Mode  Investor's Business DailyS&P 500 rallies, closes just shy of its record closing high  CNBCS&P 500, Dow snap seven-day winning streak as concern mounts over stimulus deal  ReutersThree Reasons Why The Stock Market Will Break Its All-Time High  ForbesMarket Recap: August 11  Yahoo Finance

Dow Jones Spikes 300 Points On Moderna Coronavirus Vaccine News; Tesla Surges 8% On Stock Split - Investor's Business Daily (Google Business News)

MarketWatchAug 12, 2020
The Ratings Game: Moderna stock rally fades as analysts weigh in on what U.S. government supply deal means for COVID-19 vaccine pricing
The rally in Moderna Inc. shares sparked by news late Tuesday that the U.S. government has ordered 100 million doses of its COVID-19 vaccine candidate dissipated on Wednesday, as analysts weighed in on what the order means for pricing.

MarketWatch MarketPulseAug 12, 2020
Biotech Inhibrx to offer 6 million shares in planned IPO, priced at $16 to $18 each
Biotech Inhibrx set terms for its initial public offering on Wednesday with plans to offer 6 million shares priced at $16 to $18 each. The company has applied to list on Nasdaq under the ticker "INBX." Jefferies, Evercore ISI, Credit Suisse and LifeSci Capital are underwriting the deal. Proceeds will be used to fund clinical research, for R&D and general corporate purposes. "We are a clinical-stage biotechnology company with a pipeline of novel biologic therapeutic candidates, developed using our protein engineering expertise and proprietary single domain antibody, or sdAb, platform," the company says in its prospectus.

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 BusinessAug 12, 2020
Tesla is the most dangerous stock for 2020: Expert
New Constructs CEO David Trainer joins Yahoo Finance's Kristin Myers to discuss his outlook on Tesla after the company announced a 5-for-1 stock split.

MarketWatch MarketPulseAug 12, 2020
Phillips 66 to stop making fuels from crude oil at San Francisco-area refinery, will shift production to renewable fuels
Phillips 66 said Wednesday that it will stop producing fuels from crude oil at its San Francisco Refinery in Rodeo, Calif., and that it will reconfigure the refinery to produce renewable fuels. It will start making fuels from used cooking oil, fats, greases and soybean oils. The company said it expects to produce 680 million gallons a year of renewable diesel, renewable gasoline and sustainable jet fuel. Including production from an existing project, the plant will produce more than 800 million gallons a year of renewable fuels, which would make it the world's largest renewable fuels plant. Separate, Phillips 66 said it plans to shut down its Rodeo Carbon Plant and its Santa Maria refining facility in Arroyo Grande, Calif. in 2023. The company will take associated crude oil pipelines out of service in phases, starting in 2023. The stock, which ticked up 0.1% in afternoon trading, has shed 42.4% year to date, while the SPDR Energy Select Sector ETF has lost 36.3% and the S&P 500 has gained 4.4%.

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.

Yahoo BusinessAug 12, 2020
Why Nio Has A Shot At Becoming The 'Tesla Of China'
Chinese electric vehicle manufacturer Nio Inc - ADR (NYSE: NIO) reported Tuesday with forecast-beating second-quarter results and issued a strong third-quarter outlook. The Nio Analysts: Piper Sandler analyst Alexander Potter reiterated a Neutral rating on Nio and increased the price target from $4 to $14.BofA Securities analyst Ming Hsun Lee reiterated a Buy rating and increased the price target from $17.40 to $18.Why Nio Shares Could Trade In Line With EV Peers: Nio's narrower-than-expected second-quarter loss is due to a higher gross margin, with the vehicle margin coming in at a historical high of 9.7% and several basis points higher than the 5% guidance, Potter said in a note.More importantly, the company guided to continued gross margin expansion in the third and fourth quarters thanks to lower battery costs, the analyst said.From skepticism concerning the company's ability to remain a going concern, Nio has come a long way from skepticism over whether it could stay in business, he said. The automaker boasts unique products and has a reliance on subsidies, which are two prerequisites for success, Potter said.With Nio raising capital in two funding rounds, including a secondary offering in June, there are no longer fears that the company may go out of business, the analyst said. The stock will therefore trade more in-line with peers, and not at a substantial discount to them, he said. View more earnings on NIOThe company will slowly reduce its reliance on partners for core capabilities such as self-driving systems, batteries a

The Motley FoolAug 12, 2020
1 Top Robinhood Stock That Investors Should Avoid
GoPro may be in the top 10 list for its low share price, but there's a better alternative.

The Motley FoolAug 12, 2020
S&P 500 Rallies 47 Points on Dem Pick for Vice President, AMD Leads Semiconductor Stocks Higher, Cancelling College Football Looms for Disney
The S&P joined the other major indices to move higher today following yesterday's big announcement by presumptive Democratic presidential nominee Joe Biden that Kamala Harris was joining the ticket.

Stock futures inch higher after S&P 500 closes just under a record - CNBC (Google Business News)
How Would College Football Postponements Impact Walt Disney and ViacomCBS? (The Motley Fool)
S&P 500 rallies, closes just shy of its record closing high (CNBC Finance)
USA Today MoneyAug 11, 2020
Stocks snap seven-day winning streak as tech shares slide
Stocks slipped Tuesday, ending a seven-day stretch of advances, as declines in big technology stocks such as Apple and Microsoft kept the gains in check for the second day in a row.       
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