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MarketWatch MarketPulseAug 03, 2020
Stocks open higher, but coronavirus aid is in question
Stocks open higher, but coronavirus aid is in question U.S. stocks opened modestly higher Monday, buoyed by positive corporate news, but with a wary eye on Washington, where stimulus aid efforts have made little progress. The Dow Jones Industrial Average added 146 points, 0.6%, to open near 26,575, while the S&P 500 rose 18 points or 0.6%, opening near 3,290. The Nasdaq Composite Index opened near 10,849, a rise of 103 points or 1%. Microsoft Corp. affirmed its interest in buying the American unit of the controversial Chinese social media app TikTok, and shares of Clorox Company rallied after reporting earnings that beat expectations, benefiting from a germ-conscious public in the coronavirus pandemic. But in Washington, Democrats and Republicans remained at odds over another round of stimulus, even after the expiration of the unemployment benefits many analysts believe helped stave off a worst-case scenario for the economy.

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 MarketPulseAug 03, 2020
Tyson Foods under DOJ investigation for antitrust issues tied to beef and cattle packing markets
Tyson Foods Inc. said in a filing that it is under investigation by the Department of Justice's Antitrust Division. Tyson received a notice of the investigation on May 22, which is focused on its beef and cattle packing markets. The company says it has been cooperating with the investigation. Tyson reported fiscal third-quarter earnings that beat expectations on Monday. Tyson stock has gained nearly 3% in Monday trading, but has slumped 30.5% for the year to date.

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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