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The stock market's COVID-19 induced meltdown began one year ago Wednesday. Here's a look at how major financial assets have performed since then.
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Shares of Nutanix Inc. were initially up 5% in extended trading Wednesday after the cloud-computing company reported fiscal second-quarter results. Nutanix reported a net loss of $287.4 million, or $1.42 a share, compared with a net loss of $217.6 million, or $1.13 a share, in the year-ago quarter. Revenue improved was flat, at $346.4 million from $346.8 million a year ago. Analysts surveyed by FactSet had expected a loss of 99 cents a share on revenue of $327 million. Nutanix's stock has inched up 0.6% over the last 12 months. The broader S&P 500 index has improved 26% in the last year.
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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Postmaster General Louis DeJoy faces the House Committee on Oversight and Reform. The Postal Service is battling financial and service crises caused by years of mail declines worsened by the coronavirus pandemic.
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The energy sector is up nearly 30% this year-far outperforming any other sector.
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The Insurance Institute for Highway Safety named 49 vehicles as Top Safety Pick award recipients for the 2021 model year.
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Fry's Electronics became the latest in a long line of pandemic-related retail closures today when it announced the sudden shutdown of all 31 of its stores across nine states. In a statement posted to the retailer's website, the chain blamed changes in the retail industry and challenges around the Covid-19 pandemic. Top line Founded in...
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Prices for new cars and trucks far outpaced inflation over the past year. In response, many buyers turned to used vehicles, and their demand drove used-vehicle prices up even more.
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