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Dow Jones Futures: Current Stock Market Rally Near Highs; Snap, iRobot, Texas Instruments Are Earnings Movers Investor's Business DailyUS stocks hit new record highs CNNStocks close at all time high; oil at 6 month high Fox BusinessWall Street soars to all-time closing highs on robust corporate earnings NBCNews.comS&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies CNBCView full coverage on Google News
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 U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will lead a U.S. delegation to China next week to resume trade negotiations. The White House confirmed the new round of talks in a statement late Tuesday. The negotiations will begin April 30 in Beijing, to be followed by a Chinese delegation, led by Liu He, that will travel to Washington for continued talks starting May 8. The subjects of next week's talks will include intellectual property, forced technology transfers, non-tariff barriers, services, purchases and enforcement, the White House said. There have been reports that the ongoing trade talks are in their final stages, and if a deal can be reached, a signing ceremony could be held in late May or early June, ending the yearlong tariff war between the world's two largest economies.
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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IRobot Corp. continued to be a volatile stock after earnings Tuesday, falling more than 10% in after-hours trading as sales of its Roomba products came in lighter than expectations. IRobot reported first-quarter profit of $22.5 million, or 78 cents a share, on sales of $237.7 million, up from earnings of 71 cents a share on revenue of $217.1 million a year ago. Analysts on average expected iRobot to report earnings of 60 cents a share on sales of $251 million, according to FactSet. With the stronger profit than expected, the company increased its expectations for full-year earnings to a range of $3.15 to $3.40 a share, from $3 to $3.25 a share. The stock tends to move dramatically after earnings: After the last three quarterly reports before Tuesday, iRobot shares gained 9.6%, fell 12.3% and jumped 17% respectively. Shares closed up 1.4% at $130.57 Tuesday, then fell lower than $118 in immediate late trading following the release of the report.
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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Moody's Investors Service said Tuesday it was rating Netflix Inc.'s $2 billion offering of senior debt at Ba3, which is three notches below the investment-grade rating threshold. The ratings outlook remains stable. After the debt sale, Netflix's gross leverage will be 7.5X for the 12 months ended March 31. "However, despite the continuing issuances of debt to fund the company's negative cash flows, we expect leverage to drop gradually over time with subscriber growth, as the transition from licensed content to produced original content levels off, international markets mature and begin to contribute to profits, all which we expect to contribute to margin improvement," Moody's said. Netflix's stock rallied 1.9% in afternoon trade. It has run up 19.5% over the past three months, while the S&P 500 has gained 11.2%.
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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S&P 500, Nasdaq Composite close at all-time highs UPI NewsStocks close at all time high; oil at 6 month high Fox BusinessS&P 500 and NASDAQ 100 Forecast April 24, 2019 DailyForexS&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies CNBCUS stocks hit new record highs CNNView full coverage on Google News
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