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 Brazil stocks rose for a second straight
session on Monday, as signs of stimulus for China's slowing
economy eased growth worries, although currencies in the region
weakened in line with their emerging market peers.
Sao Paulo-listed stocks rose about 0.5%, tracking
gains for global stock markets after China's central bank
announced key interest rate reforms over the weekend, fueling
expectations of an imminent reduction in corporate borrowing
cost
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 Shares of DXC Technology Co. rallied 4.8% in afternoon trading Monday, after the technology consulting company said it won a $666 million award in its dispute with Hewlett Packard Enterprise Co. . Under terms of the award by an arbitration panel, the $666 million will consist of $631.8 million in damages and $34.3 million in pre-award interest. In addition, the award includes post-award interest at an annual rate of 3%, compounding quarterly, until the award is paid out. Meanwhile, Hewlett Packard Enterprise shares (HPE) rose 2.4%. DXC shares have plunged 40.9% over the past three months and HPE's stock has declined 10.3%, while the SPDR Technology Select Sector ETF has rallied 5.6% and the S&P 500 has tacked on 2.4%.
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 Walt Disney Co. said Monday it will launch its new streaming service Disney in Canada and The Netherlands on the same day, Nov. 12, as the U.S., followed on Nov. 12 by Australia and New Zealand. The company said the service will be priced at C$8.99 ($6.75) a month in Canada, or C$89.99 a year. It will be priced at 6.99 euros ($7.75) a month in the Netherlands or €69.99 a year. In Australia, the service will cost AUD$8.99 ($6.09) a month of AUD$89.99 a year, and in New Zealand, it will cost NZD$9.99 ($6.41) a month or NZD$99.99 a year. In the U.S. the company will offer a bundled product of Disney , ESPN and Hulu for just $12.99 a month. Shares were up 1.3% Monday and have gained 25% in 2019, while the Dow Jones Industrial Average has gained 12% and the S&P 500 has gained 17%.
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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Estee Lauder Cos. stock soared more than 11% in Monday trading after the beauty and skincare company reported fourth-quarter earnings that beat expectations. The upbeat result also gave competitor E.L.F. Beauty Inc. a bump, with that stock jumping 6.4%. Estee Lauder brands, including its namesake, Clinique and La Mer, operate on the high-end of the beauty spectrum. While E.L.F., which sells many items priced at $10 and below, is more affordable. Estee Lauder stock is up 53% for the year to date. E.L.F. shares are up more than 102%. And the S&P 500 index is up 16.8% for the period.
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 market is preparing for a "bad outcome," says Morgan Stanley's Mike Wilson, in an interview.
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U.S. stocks opened higher, putting key equity benchmarks on course for a third straight positive session, after reports that Germany was open to the use of deficit spending in the event of a recession. President Donald Trump's remarks that the U.S economy was doing well also helped to draw investors into risky assets. The S&P 500 rose 1% to 2,918. The Dow Jones Industrial Average advanced 323 points, or 1.2%, to around 26,209. The Nasdaq Composite was up 1.4% to 8,010. In company news, shares of Estee Lauder Cos. climbed 10% on Monday after its earnings beat expectations and the skincare company issued upbeat guidance.
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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