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 U.S. stocks could be ready to resume last week's punishing losses, after disappointing China data and more signs of tensions over the recent arrest of a Huawei executive.
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 Most Latin American currencies weakened
on Monday as the dollar nursed losses from a sharp drop in the
previous session while stocks in Brazil fell, tracking emerging
peers, hit by disappointing economic data from the world's
biggest economies and worries about the U.S.-China trade
dispute.
Data from the United States, China, Japan and Germany have
fanned worries about global growth in recent days, while there
is a cloud of uncertainty over Washing
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 Stocks opened slightly lower Monday, then turned mixed, struggling for direction following a selloff that last week sent the S&P 500 and the Dow Jones Industrial Average back into negative territory for the year to date. The Dow Jones Industrial Average was off 17 points, or 0.1%, near 24,371. Shares of Apple Inc. fell 1.8%, leading blue-chip decliners, after news reports said a Chinese court ordered the company to stop selling older iPhone models in the country after finding it had infringed on two patents held by Qualcomm Inc. . The S&P 500 rose 0.1%, while the Nasdaq Composite advanced 0.5%.
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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European stocks struggle for ground as signs of a slowdown in Germany and France add to worries over global growth. Trade worries were also in the mix.
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Economic and trade tensions drove global markets lower, while United States stocks moved from gains to losses.
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Just days after Aurora Cannabis Inc. announced a supply deal with Mexico's Farmacias Magistrales SA, the Canadian cannabis company said it has entered a letter of intent to buy the company in a stock deal. Farmacias is Mexico's first and for now only federally licensed importer of raw materials containing THC, the psychoactive ingredient in cannabis, and has facilities to store and distribute medical products with more than 1% THC, Aurora said in a statement. The deal will give the company access to a market with more than 130 million people. Farmacias has about 80,000 retail outlets for selling CBD products and 500 pharmacies and hospitals to sell THC products. Aurora will pay for the deal with stock based on a valuation of the proforma revenue distribution projections of Farmacias. Aurora shares rose 1.2% premarket, but are down 23.8% in 2018, while the S&P 500 has fallen 1.5%.
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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Shares of Axsome Therapeutics Inc. surged about 24% premarket Monday, after the biotech, which specializes in therapies for central nervous system disorders, reported positive results in an interim analysis of a trial of a treatment for the agitation associated with Alzheimer's disease. An independent data monitoring committee (IDMC) recommended continuing the Phase 1/2 trial of AXS-05 and did not indicate any safety concerns. The company intends to follow the committee's recommendation. "We anticipate that implementation of the IDMC's recommendations may provide greater flexibility to our operating plans and timelines which we will evaluate in the coming weeks," Chief Executive Herriot Tabuteau said in a statement. Roughly 70% of Alzheimer's patients suffer from agitation, which can be highly upsetting for patients and caregivers. There is currently no approved treatment for the condition. Axsome shares have fallen 47% in 2018, while the S&P 500 has fallen 1.5%.
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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Action camera maker GoPro Inc. said Monday it is planning to move production of all U.S.-bound cameras out of China to avoid the impact of potential tariffs. The company said it will keep production of international-bound cameras in China. "Today's geopolitical business environment requires agility, and we're proactively addressing tariff concerns by moving most of our US-bound camera production out of China," Chief Financial Officer Brian McGee said in a statement. "We believe this diversified approach to production can benefit our business regardless of tariff implications." McGee said GoPro owns its own production equipment, while partners provide manufacturing facilities, "so we expect to make this move at relatively low cost." GoPro shares were down 0.4% in early trade and have fallen 34.6% in 2018, while the S&P 500 has fallen 1.5%.
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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The British pound fell Monday after Bloomberg reported that U.K. Prime Minister Theresa May would call off a vote in Parliament on her Brexit plan. The report said May would seek to reschedule the vote, which had been set for Tuesday, on the terms of the U.K.'s exit from the European Union. The British pound fell 0.5% versus the dollar to $1.2664.
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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