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Reuters Company NewsMay 21, 2019
GLOBAL MARKETS-Asia stocks wobble as trade fears overshadow Huawei reprieve
Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the world's two largest economies.

MarketWatchMay 21, 2019
Market Snapshot: Dow logs 200-point gain as demand for tech, energy stocks overshadow trade angst
Stocks close solidly higher Tuesday, following a temporary reprieve on restrictions on U.S. exports to China telecom giant Huawei Technologies, reflecting a slight reduction of tensions in one front of the Sino-American tariff war.

MarketWatchMay 21, 2019
Nordstrom stock slides as sales miss extends retail rout
Nordstrom Inc. stock falls more than 9% in the extended session Tuesday after the retailer reports first-quarter sales below Wall Street expectations, admits to missteps with its customers, and trims its outlook for the year.

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MarketWatch MarketPulseMay 21, 2019
Elon Musk exercises Tesla options for 175,000 fresh shares
Tesla Inc. Chief Executive Elon Musk exercised options on 175,000 shares in the automobile company, adding to his stake at prices less than one-third the going rate. Musk's options on more than 5 million Tesla shares matured years ago, and he previously exercised more than 500,000 options at a lower price. According to a filing with the Securities and Exchange Commission, Musk exercised the fresh shares Monday at a price of $31.17, paying the cost of exercising the options -- nearly $5.5 million -- as well as the taxes without selling other shares. Musk still has access to about 4.6 million vested options, according to the SEC filing, and they expire in a little more than three years. Before Monday's option exercise, Musk owned 19.5% of Tesla stock, according to FactSet. Tesla stock closed Tuesday at $205.08, after declining about 29% in the past 12 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.



MarketWatch MarketPulseMay 21, 2019
Stocks stage comeback as Dow ends nearly 200 points higher
U.S. stocks ended solidly higher Tuesday after equity investors were buoyed by Washington's decision to grant a temporary reprieve on restrictions to China telecom giant Huawei Technologies Co.. The S&P 500 climbed 0.9% to finish near 2,864. The Dow Jones Industrial Average advanced 198 points, or 0.8%, to end around 25,877. The Nasdaq Composite climbed 1.1% to finish around 7,786. Equities rebounded from Monday's selloff in technology and chip-maker stocks after U.S. officials said they would give a 90-day exception to an export blacklist against Huawei, which has been in the cross sights of Washington. However, Huawei founder Ren Zhengfei said his company would outmuscle its rivals in 5G in a few years, and that the company was ready for the export ban. In company news, shares of J.C. Penney Co. Inc. fell 7.4% after the department store chain missed analysts' expectations for first-quarter earnings.

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.



Reuters Company NewsMay 21, 2019
GLOBAL MARKETS-Global stocks rally as U.S. eases Huawei restrictions
Global equity markets rose on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily eased trade restrictions imposed on China's Huawei Technologies, while the dollar rose on a flight to quality.

MarketWatch MarketPulseMay 21, 2019
Circor's stock soars after Crane discloses proposed buyout in deal valued at $1.7 billion
Shares of Circor International Inc. rocketed 61% in premarket trade Tuesday, after industrial products maker Crane Co. said it proposed buying the technology products and sub-systems company in deal valued at $1.7 billion. Under terms of the proposal, Crane would pay $45 a share in cash for each Circor share outstanding, a 47% premium to Monday's closing price of $30.66. Crane said the proposal was made on April 30, and Circor rejected the bid on May 13. "While we had hoped to complete a transaction privately, the Board's rejection of our proposal without comment or discussion led to our decision to make our proposal known to Circor shareholders so they can express their views directly to the Circor Board," said Crane Chief Executive Max Mitchell. "We believe that this business, which has great brands and products, has been meaningfully undermanaged for years." Circor's stock has rallied 44% year to date, but was still down 41% over the past 12 months, while the S&P 500 has gained 3.9% the past year.

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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