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Market Pulse USA NEWS. Stock Market NEWS Updated Daily

Market Pulse USA NEWS. Stock Market NEWS Updated Daily

This NEWS section covers current news for stock markets. To view latest news about specific stocks, please browse to the desired stock pages. Click one of the exchanges in the menu above and then use the search box to find your desired stock.

Market Pulse USA NEWS. Stock Market NEWS Updated Daily

: Bank of America rises in premarket trades, as big bank stocks look to end the month in positive territory

Bank of america corp.’s stock bac was up by 0.4% in premarket trading on thursday as the megabank looks to end the month in positive territory. as of wednesday’s close, bank of america’s shares had gained more than 19% in november, for their first po
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-30

: Analyst sees potential Discover Financial student loan portfolio sale as a ‘potential modest positive’ for the stock

Discover financial inc.’s dfs plan to explore the sale of its .5 billion student loan portfolio amounts to a “potential modest positive” for the stock, analysts at j.p.morgan said in a research note on thursday. analyst richard b. shane reiterated
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-30

: AbbVie .1 billion deal to buy ImmunoGen values the stock at a 95% premium

Abbvie inc. abbv announced thursday an agreement to buy cancer treatment developer immunogen inc. imgn in a cash deal valued at .1 billion. under terms of the agreement, abbvie will pay .26 in cash for each immunogen share outstanding, which represen
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-30

: Petco’s stock plunges after surprise loss reported, outlook slashed amid ‘challenging consumer environment’

Shares of petco health & wellness co. inc. woof tumbled 14.3% in premarket trading wednesday, after the pet care products retailer reported a surprise fiscal third-quarter loss and slashed its full-year outlook, and said it was taking “swift and decisive
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Companies agree to pay 0M settlement for PFAS chemicals in Ohio

The chemours co. cc said wednesday it reached a settlement with the state of ohio along with dupont de nemours inc. dd and corteva inc. ctva for 0 million to resolve claims related to the manufacture and sale of per- and polyfluoroalkyl substances (pfas
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: KKR to acquire remaining 37% stake of insurer Global Atlantic for about .7 billion in cash

Kkr & co. inc. kkr and global atlantic financial group llc said wednesday they have reached an agreement for kkr to acquire the remaining 37% stake of insurer global atlantic, boosting its stake to 100%. the private equity firm will pay about .7 billion
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Foot Locker’s stock leaps toward 4-month high after a triple beat in earnings and improved sales outlook

Shares of foot locker inc. fl ran up 11.2% toward a four-month high in premarket trading wednesday, after the athletic footwear retailer reported fiscal third-quarter beat profit, revenue and same-store sales expectations, citing improved conversion trends
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Birkenstock’s stock closes a whisker below its IPO issue price for the first time

Birkenstock holding plc’s stock birk is edging close to its initial public offering price after closing tuesday at .38, just below the ipo issue price of . the iconic german sandal-maker’s stock has not yet traded at that level after it went publ
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Dollar Tree’s stock drops after earnings, sales miss expectations amid softer demand

Shares of dollar tree inc. dltr sank 2.5% in premarket trading wednesday, after the discount retailer missed fiscal third-quarter earnings and sales expectations, but provided an in-line outlook for the current quarter. net income for the quarter to oct. 2
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: GM’s stock soars 5% after company reinstates 2023 guidance and announces billion accelerated share buyback

General motors co.’s stock gm soared 5% early wednesday, after the car maker said its reinstating its 2023 earnings guidance and conducting a billion accelerated share buyback program. the company is also planning to increase its dividend by 33% begi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Hormel misses profit and sales expectations, but the stock gains amid foodservice strength

Shares of hormel foods corp. hrl rose 1.4% in premarket trading wednesday, even after the parent of food brands including spam, planters, and hormel reported fiscal fourth-quarter profit and sales that missed expectations, as pressure in its retail busines
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Kraft Heinz launches first plant-based mac & cheese in the U.S.

Kraft heinz co. khc said wednesday it is launching its first plant-based mac & cheese in the u.s. via its joint venture with thenotcompany called the kraft heinz not company llc. the new dish is available in original and white cheddar flavors. “leveragin
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Alibaba shares slip after report on Jack Ma wanting change

Alibaba shares baba fell 3% in premarket trade, as the financial times reported that company founder jack ma wrote on an internal forum that the internet giant will have to change and reform. ma’s comment was in response to an employee commenting on the
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Nutanix’s stock rises on earnings, revenue beats

Nutanix inc.’s ntnx stock jumped more than 6% in extended trading wednesday after the cloud-software company reported quarterly results that eclipsed analyst revenue and earnings estimates. nutanix reported a fiscal-first-quarter net loss of .8 millio
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: La-Z-Boy stock gains 5% after company’s earnings beat, dividend increase

Shares of la-z-boy inc. lzb rose 4% in the extended session wednesday after the company reported second-quarter earnings above expectations and increased its dividend by 10%. la-z-boy earned million, or 63 cents a share, in the quarter, compared with
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: GameStop’s stock soars 20% to best in two months

Shares of gamestop corp. gme ran up 20% on wednesday to end at .25, their best since sept. 29, as the original “meme” stock continued to get a boost from aggressive bets by options traders. the consumer electronics and videogame retailer’s stock s
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Disney names Gorman, Darroch to board

Walt disney company co.’s dis board of directors on wednesday added james p. gorman, chairman and chief executive of morgan stanley ms, and sir jeremy darroch, a veteran media executive and former group ceo of sky. darroch’s appointment is effective ja
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Victoria’s Secret’s stock rises on fourth-quarter earnings guidance

Victoria’s secret & co.’s vsco stock is up 2% in after-hours trading wednesday after the retail store reported quarterly results. victoria’s secret reported a fiscal-third-quarter net loss of .2 million, or 92 cents a share, compared with net inco
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Calvin Klein parent PVH’s sales grow 4%, but stock slides

Pvh corp. shares pvh dropped more than 3% in the extended session wednesday after the parent of the calvin klein and tommy hilfiger brands raised its per-share expectations for the year but reported third-quarter revenue slightly below wall street expectat
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Pure Storage’s stock tanks 14% after tech company calls for worse-than-expected current quarter, year

Shares of pure storage inc. pstg dropped more than 14% in the extended session wednesday after the tech company reported fiscal third-quarter earnings above wall street expectations but guidance for its current quarter and full 2024 disappointed. pure stor
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Costco’s November sales rise 5.1%

Costco wholesale corp. cost said late wednesday its november sales rose 5.1% to .14 billion, from .17 billion in november 2022. same-store sales rose 3.5%, the retailer said, while e-commerce sales increased 9.9%. shares of costco rose 0.3% in the ex
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Stocks end mostly lower, but head for big monthly gains

Stocks ended mostly a shade lower on wednesday, but remained on track for the biggest monthly gains of 2023. the dow jones industrial average djia eked out a gain of around 14 points, or less than 0.1%, to close near 35,431, according to preliminary figure
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Dow Jones up 80 points, but off session highs in final hour of trade

U.s. stocks were trading below the session’s highs in the final hour of trade, but still were on pace to book their biggest month of gains of the year. the dow jones industrial average djia was about 80 points higher, or 0.2%, trading near 35,499. that�
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: U.S. oil futures settle at a 2-week high ahead of OPEC+ output decision

U.s. oil futures settled at their highest in about two weeks wednesday, ahead of thursday’s much-anticipated opec+ decision on oil output. “uncertainty has gripped the market since the group failed to reach a consensus,” said robbie fraser, manager,
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Cigna and Humana in talks on combining in what would be a mega deal: WSJ

Managed-care providers cigna group ci and humana inc. hum are in talks to combine in a cash-and-stock deal that could be finalized before year-end, the wall street journal reported wednesday, citing people familiar with the matter. cigna’s market value s
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Birkenstock’s stock rises above IPO issue price for the first time

Birkenstock holdings plc’s stock birk reached its initial public offering issue price for the first time on wednesday, about a month and a half after hitting markets. the stock has traded in a range of .15 to .24 so far in the session. surpassing i
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: EIA reports weekly gains in U.S. crude and product supplies

The energy information administration on wednesday reported that u.s. commercial crude inventories rose by 1.6 million barrels for the week ending nov. 24. on average, analysts polled by s&p global commodity insights expected the report to show a decline o
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: JPMorgan’s Jamie Dimon sees lower odds of a soft landing than others

Jpmorgan chase & co. jpm chief executive jamie dimon said wednesday he’s less certain than others that the u.s. economy may avoid a recession, according to the new york times live blog of his appearance at the 2023 dealbook summit. dimon said he’s givi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: 2-year Treasury yield falls below 4.6% and is on track for lowest level since at least July

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.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Traders price in almost 78% chance that Fed will cut rates by May

Win mcnamee/getty imagesfed funds futures traders are lifting the likelihood of at least a quarter-point rate cut from the u.s. central bank by may, driven by optimism that inflation will continue to fall.that likelihood was seen at 77.9% as of wednesday m
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: U.S. stocks open higher after GDP report as Treasury yields fall

U.s. stocks opened higher on wednesday as treasury yields fell and investors digested an estimate on economic growth in the third quarter that was revised higher. the dow jones industrial average djia was up 0.1% soon after the opening bell, while the s&p
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Rover’s stock rockets after .3 billion cash buyout deal with Blackstone

Shares of rover group inc. rovr rocketed 27.1% in premarket trading, putting them on track for a record one-day gain, after the online pet-care marketplace announced an agreement to be acquired by blackstone inc. bx in a cash deal valued at .3 billion. u
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Bed Bath & Beyond parent names co-chairs as management mandates ‘intense’ restructuring

Shares of beyond inc. byon jumped 7.3% toward a two-month high in premarket trading wednesday, after the parent of bed bath & beyond and the company formerly known as overstock said chairperson allison abraham will now share the chairperson title with dire
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Phillips 66′ stock soars 6% after Elliott Management discloses billion stake and says it sees 75% upside

Phillips 66’s stock psx rose 6% in premarket trade wednesday, after elliott investment management lp said it has accrued a roughly billion investment in the energy company and sees potential upside of about 75%. the hedge fund of activist investor pau
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Open Text selling unit to Bain Capital-backed Rocket Software for .28B

Open text corp.’s stock otex was up by 2% in premarket trading on wednesday, a day after the company said it would sell its amc business unit to rocket software inc., a bain capital portfolio company, for .28 billion in cash. opentext’s amc unit spec
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Martha Stewart launches CBD line with backing from Canopy Growth, Marquee Brands

Martha stewart cbd on wednesday unveiled a line of cbd edibles offering aid in sleep and other potential wellness benefits, with backing from canopy growth corp. cgcca:weed as well as marquee brands, a licensing and development company backed by neuberger
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-29

: Citi Trends swings to much wider-than-expected loss, citing a ‘more selective’ customer base

Urban fashion apparel retailer citi trends inc. ctrn reported tuesday that it swung to a much wider-than-expected third-quarter loss on sales that fell more than forecast, as a more selective customer navigates higher costs of living. the net loss for the
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: PDD’s stock rockets as company crushes estimates, sees revenue nearly double

Shares of pdd holdings inc. pdd were soaring 16% in premarket trading tuesday after the chinese e-commerce company blew past expectations for its latest quarter. the company reported third-quarter net income of rmb15.5 billion (.1 billion), or rmb10.60 p
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Avidity’s stock soars on news of expanded collaboration with Bristol Myers that includes potential to receive up to .2 billion in milestone payments

Avidity biosciences inc. rna said tuesday it’s expanding its cardiovascular collaboration with bristol myers squibb co. bmy in a deal that will see avidity receive 0 million upfront with the potential to earn up to .2 billion in milestone payments.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Novavax’s stock pops after WHO grants its COVID-19 vaccine emergency-use listing

Novavax inc.’s stock nvax soared 4.6% early tuesday, after the company said its protein-based covid-19 vaccine had been granted emergency-use listing by the world health organization. the move means that all 194 of the agency’s member states can use t
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Boeing upgraded to outperform at RBC on hopes for 787, MAX

Boeing ba was upgraded to outperform from sector perform at rbc capital markets, which lifted its price target to 5 from 0. “after another year of supply chain disruptions and lowered expectations, we believe the set-up into 2024 is favorable,” s
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Unity Software to close corporate offices in 14 locations

Unity software inc. u, a developer of 3-d tools for virtual reality, said on tuesday that it planned to close corporate offices in around 14 locations, as it “evaluates its real estate footprint.” the company — whose software is used by artists and d
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Apple scotches credit-card partnership with Goldman Sachs: report

Apple inc. aapl is calling it quits on its credit-card partnership with goldman sachs group inc. gs, ending the wall street bank’s push into consumer lending, according to a wall street journal report tuesday. the iphone maker sent a proposal to goldman
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Farfetch to skip scheduled earnings amid going-private reports

Luxury fashion e-commerce company farfetch ltd. ftch said late tuesday it won’t announce its third-quarter financial results on wednesday as scheduled, saying only it will provide a “market update in due course.” shares of farfetch rose 15% in the ex
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Cessna-maker Textron plans to cut 725 positions, or 2% of workforce

Textron inc. txt, the company that makes cessna airplanes and other aircraft, said on tuesday that it would cut around 725 positions, or 2% of its global staff, following reduced product demand for some of its businesses. the company, in a filing, cited �
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Leslie’s stock tanks 15% after pool supplier forecasts rougher 2024

Shares of leslie’s inc. lesl fell 15% in the extended session tuesday after the supplier of spa and pool products reported fourth-quarter earnings below expectations and called for 2024 revenue and profit also below wall street forecasts. leslie’s earn
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: NetApp stock rallies on upbeat full-year outlook

Shares of netapp inc. ntap jumped 9.7% after hours on tuesday after the data and storage software company forecast more upbeat profit and sales trends for its full fiscal year. management said it expected revenue for the full year to be down “approximate
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Intuit’s stock is on the rise after revenue. earnings beats

Intuit inc.’s intu stock inched up nearly 1% in extended trading tuesday after the software company reported quarterly results that topped analyst revenue and earnings estimates. intuit reported fiscal first-quarter net income of 1 million, or 85 cent
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Dow Jones ends about 80 points higher as U.S. bond yields keep falling

U.s. stocks posted modest gains on tuesday, resuming a strong rally in november that has been propelled by tumbling u.s. bond yields. the dow jones industrial average djia closed up about 83 points, or 0.2%, ending near 35,416, according to preliminary fac
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: U.S. oil futures post first gain in 5 sessions

U.s. oil futures climbed on tuesday, logging their first gain in five sessions as traders continued to weigh potential outcome scenarios for thursday’s meeting of the organization of the petroleum exporting countries and their allies. the group of major
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Amazon, Nvidia expand AI partnership

Amazon.com inc. amzn and nvidia corp. nvda said tuesday they will expand their ai partnership. under the accord, nvidia and amazon web services will team up to design what they claim is the world’s “fastest gpu-powered ai supercomputer,” which will b
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Bob Iger walks back comments about asset sales

Walt disney co. dis chief executive bob iger on tuesday downplayed his previous comments that suggested some major assets might be for sale. “i knew that there were a myriad of challenges…i must say there were many more of them than i expected,” iger
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Bank of America hit with million CFPB fine for false reporting

The consumer financial protection bureau (cfpb) has slapped bank of america corp. bac with a million fine for reporting false mortgage lending data, the agency said tuesday. the cfpb said that bank of america failed to ask some required demographic que
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Merck raises quarterly dividend to 77 cents vs. 73 cents

Merck & co. inc. mrk said tuesday its board has raised its quarterly dividend to 77 cents. the dividend was previously 73 cents. the new dividend is payable jan. 8 to shareholders of record as of dec. 15. the stock has fallen 9% in the year to date, while
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Treasury’s billion auction of 7-year notes was poorly received, trader says

Tuesday afternoon’s sale of 7-year treasury notes was met with poor to lukewarm demand. the billion auction was a “fairly ugly auction based on where things were at 1 p.m. eastern time,” with primary dealers taking a larger-than-usual chunk of th
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Crocs’ stock runs up toward a 3 1/2-month high after Raymond James recommends going all in

Shares of crocs inc. crox jumped 4.5% toward a 3 1/2-month high in morning trading tuesday, after raymond james’ rick patel said he was even more bullish on the footwear maker, citing valuation and “increasing confidence” that results will keep impro
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: S&P cuts Goodyear’s credit rating further into junk as overhaul will be costly and free cash flow negative for some time

S&p global ratings downgraded goodyear tire & rubber co.’s gt issuer credit rating by one notch to b+ on tuesday after the company announced a two-year strategic overhaul aimed at bolstering profitability. “while we view the strategic initiatives as a
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

The Fed: Fed’s Waller says economy is slowing, unsure if more rates hikes needed to tame inflation

Getty imagesfederal reserve gov. chris waller said recent signs of a slowdown in the economy could help return inflation to the central bank’s 2% target, but he said it’s unclear if further interest rate hikes are off the table.market pulse stories are
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: Boise Cascade to cut back lumber production in Alabama, affecting 80 jobs

Shares of boise cascade co. bcc fell 0.8% in morning trading tuesday, to pull back from the previous session’s record close, after the wood products maker announced an “indefinite curtailment” of lumber production at chapman, ala. plant. the company
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

: U.S. stocks open mostly lower, with S&P 500 falling slightly ahead of Fed speakers

U.s. stocks opened mostly lower tuesday, with the s&p 500 heading for a potential back-to-back decline, as investors await remarks from federal reserve officials. the dow jones industrial average djia was up less than 0.1% soon after the opening bell, whi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-11-28

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