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MarketWatchMay 27, 2022
Market Snapshot: Stocks close sharply higher after inflation data; Dow snaps longest weekly losing streak since 1932
U.S. stocks close sharply higher Friday, after the Federal Reserve's preferred measure of inflation continued to run hot in April, but cooled from March.

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Yahoo BusinessMay 27, 2022
Stock Market Closes Sharply Higher As Key Inflation Rate Lower Than Expected; Tesla, Boeing, Apple Lead Indexes


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The Motley FoolMay 27, 2022
Market Rebound? Not for These 2 Marijuana Stocks
The overall stock market saw big gains.

MarketWatchMay 27, 2022
Top Ten: Weekend reads: Retailers follow Snap's warning, but some buck the bad trend
Also, dividend stocks, signals of better times for housing and an investing mistake to avoid.

MarketWatch MarketPulseMay 27, 2022
Canopy Growth shares drop on wider-than-expected loss
Canopy Growth Corp. shares fell 11% in premarket trades Friday after it said its fourth-quarter loss narrowed to C$574.6 million, or $1.46 a share, from C$700 million, or $1.85 a share in the year-ago quarter. Revenue for the three months ended March 31 fell to C$126.1 million from C$167.4 million in the year-ago period. Analysts expected Constellation Brands Inc.-backed backed Canopy Growth to report a loss of 30 cents a share on revenue of C$129.9 million, according to FactSet. Looking ahead, Canopy Growth expects to generate positive adjusted Ebitda in fiscal year 2024, excluding investments in BioSteel drinks and its U.S. THC businesses. "Achieving profitability is critical and we have undertaken additional initiatives to streamline and drive efficiencies for our global cannabis business," said CEO David Klein. "In FY2023, we are focused on executing our path to profitability in Canada, while we continue to invest in high potential opportunities -- particularly in BioSteel, and further developing our U.S. THC ecosystem, which we believe remains significantly under-appreciated by the market." Prior to Friday's trades, shares of Canopy Growth are down 35.5% in 2022 compared to a drop of 25% by the Nasdaq and a loss of 41.9% by the Cannabis ETF .

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.



MarketWatchMay 27, 2022
Market Extra: Why the Dow finally bounced — and what it will take to convince investors it's for real
The stock market pulled back from the brink of a bear market as rate-hike expectations eased, at least for now. Here's what it will take to signal a bottom.

Forbes HeadlinesMay 27, 2022
Costco Margin Shortfall Clouds Otherwise Great Quarterly Results
The effect of a 99-basis point year-over-year drop in profits to 10.19% missing Street estimates of 11.5%, drove Friday morning's opening stock price down, only to recover by noon. A far more forgiving market than last weeks that saw both discount brethren Target and Walmart get walloped.
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