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 Tech shares are paring gains at midday Thursday, but U.S. stocks are trading higher a day after hot inflation data sent the Dow Jones Industrial Average down for a third day to its biggest one-day loss since January.
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Applied Finance sees attractive buying opportunities in the stock market, including some big technology companies, according to one of its founders. U.S. stocks have slumped this week, particularly the tech-heavy Nasdaq.
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 The global tally for the coronavirus-borne illness climbed above 160.4 million on Thursday, according to data aggregated by Johns Hopkins University, while the death toll rose above 3.3 million. The U.S. continues to lead the world in cases and deaths by wide margins, with 32.8 million cases and 583,685 deaths, or about a fifth of the worldwide tallies. The Centers for Disease Control and Prevention authorized the use of the Pfizer BioNTech vaccine for use in 12- to 15-year-olds late Wednesday, paving the way for that group to start getting jabs. More than 60 million people in the U.S. have been immunized with the two-dose, mRNA vaccine developed by the two companies.
India is second to the U.S. by cases at 23.7 million and third by fatalities at 258,317, although those numbers are held to be widely undercounted as the Indian crisis has overwhelmed its healthcare system.
Brazil is third with 15.3 million cases and second by fatalities at 428,034. Mexico has the fourth-highest death toll at 219,590 and 2.4 million cases, or 15th highest tally. The U.K. has 4.5 million cases and 127,901 deaths, the fifth-highest in the world and highest in Europe.
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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Heavily weighted mining stocks tumbled in London on Thursday, dragging on the main indexes as investors continued to react to a shock U.S. consumer price reading a day earlier.
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It has been a bad week for stocks, and it doesn't look like a turnaround is coming on Thursday.
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Nucor Corp. said Thursday it has set a new $3.0 billion stock repurchase program. Based on the previous session's stock closing price of $95.99, the steel products company could buy back about 10.4% of the shares outstanding. The company said the new program replaces the $2.0 billion program that was authorized in September 2018, of which $1.55 billion of common stock had been repurchased. The new program has no expiration date. The stock, which slipped 0.3% in premarket trading, has soared 80.5% year to date through Wednesday, as continuous HRC Steel Futures have run up 66.2% and the S&P 500 has gained 8.2%.
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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