BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Stocks watch'. (Return)

MarketWatchJun 17, 2021
Market Snapshot: Dow ends down for fourth day, while tech stocks rally, as investors weigh Fed's new inflation outlook
U.S. stocks put in a mixed performance on Thursday, day after the Federal Reserve rattled the market by raising expectations on inflation and signaling that it could lift benchmark interest rates sooner than had been expected.

MarketWatch MarketPulseJun 17, 2021
Dow slumps, Nasdaq ends near record as investors digest Fed policy outlook
Stocks posted a mixed finish Thursday as investors continued to digest the previous day's change in the Fed's outlook for interest rates and inflation. The Dow Jones Industrial Average fell around 210 points, or 0.6%, to finish near 33,824, according to preliminary figures, while the S&P 500 closed around 2 points lower, a fall of less than 0.1%, near 4,222. The Nasdaq Composite ended with a gain of around 122 points, up 0.9%, near 14,161, after trading above Monday's record close at 14,174.14.

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 MarketPulseJun 17, 2021
Oil futures fall, with U.S. prices retreating from their highest level since 2018
Oil futures declined Thursday, with U.S prices pulling back a day after marking the highest finish since October 2018. The stronger dollar was certainly "a renewed headwind for oil and all commodities," prompting some "cross-asset funds to lighten up on oil positions," said Tyler Richey, co-editor at Sevens Report Research. "Looking across commodities, it does seem like some cracks are emerging in the broader bull run," he said, noting that the drop in copper prices has "raised concerns about the health of the global economic recovery." That's likely lead to a "spillover effect that is pressuring oil today as the latest leg higher in energy markets was largely based on demand hopes." West Texas Intermediate oil for July delivery fell $1.11, or 1.5%, to settle at $71.04 a barrel on the New York Mercantile Exchange.

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.



RELATED ARTICLES
Gold futures suffer a sharp drop to their lowest finish since late April (MarketWatch MarketPulse)
Gold nosedives Thursday, puts futures on the verge of worst daily drop in 7 months (MarketWatch MarketPulse)

MarketWatch MarketPulseJun 17, 2021
U.S. Steel raises Q2 profit guidance on higher steel prices, demand
U.S. Steel Corp. said late Thursday it expects to report an adjusted net income of about $880 million, or $3.08 a share, boosted by higher steel prices and "strong" demand for flat-rolled steel. Moreover, ongoing "strong demand and low steel inventories are empowering today's ongoing market improvements. These market fundamentals are showing no signs of slowing down and have us increasingly confident of another strong year in 2022," the company said. U.S. Steel had guided for adjusted EPS of $2.85. Analysts polled by Factset expect the company to report adjusted EPS of $2.67 when it reports second-quarter earnings likely in August. Shares of U.S. Steel were flat in the extended session Thursday after ending the regular trading day down 7.7%.

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 Breaking NewsJun 17, 2021
These are the ETFs you can turn turn as the Fed sets stocks up for rising rates
These are the ETFs you can turn turn as the Fed sets stocks up for rising rates

MarketWatch MarketPulseJun 17, 2021
Lyell Immunopharma shares fall in trading debut
Shares of San Francisco-based Lyell Immunopharma Inc. , a clinical-stage biotech that is developing T cell therapies for solid tumors, stumbled in their trading debut Thursday, falling 2.2% at last check. The company sold 25 million shares priced at $17 each, the midpoint of its $16- to-$18 price range to raise $425 million. Proceeds will be used to fund its clinical trials and research and development efforts. With 242.8 million shares outstanding, the company has a valuation of $4.1 billion. Lyell shares are trading on Nasdaq, under the ticker "LYEL." Goldman Sachs, BofA Securities, JP Morgan and Morgan Stanley were underwriters on the deal.

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 MarketPulseJun 17, 2021
Verve Therapeutics shares soar 68% in trading debut
Verve Therapeutics Inc. shares soared 68% in their trading debut Thursday, after the Massachusetts-based biotechnology company's upsized initial public offering priced above the expected range to value the company at about $832.6 million. Verve, which focuses on genetic medicines for cardiovascular disease, sold 14.04 million shares in the IPO, which priced at $19 a share, to raise $266.7 million. The company had previously expected to offer 11.8 million shares in the IPO, which was expected to price between $16 and $18 a share. The stock is trading on the Nasdaq under the ticker symbol "VERV." J.P. Morgan, Jefferies, Guggenheim Securities and William Blair were the joint book-running managers. The company recorded a net loss of $45.7 million on no revenue in 2020, after a loss of $19.3 million on no revenue in 2019. Verve is going public at a time that the Renaissance IPO ETF has lost 3% over the past three months while the S&P 500 has gained 6%.

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.


TRENDING TAGS
FedFederal Stocks inflation Dow rate
stocksFed Buy signals Global Ahead
StockFed market Buy Today Could
marketStock Fed stocks premarket Dow
FederalReserve Juneteenth holiday bill update
Chinafears about EU pledges release
FundCapital close Filer Instagram hard
inflationFed interest rates forecasts higher
StatesUnited These unemployment benefits Survey
rateFed inflation forecasts interest hikes

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2021 CEOExpress Company LLC