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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

: EIA reports a weekly drop in U.S. crude supplies, but rise in gasoline, distillates

The energy information administration on wednesday reported that u.s. commercial crude inventories fell by 4.6 million barrels for the week ended dec. 1. on average, analysts polled by s&p global commodity insights expected the report to show a decline of
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: McDonald’s targeting 50,000 restaurants by 2027

Mcdonald’s corp. mcd said wednesday it plans to open 10,000 new restaurants by 2027 in what the company described as the fastest period of growth in company history. the new additions would bring the fast-food giant’s restaurant total to 50,000. mcdona
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: U.S. stocks open higher after Dow’s first back-to-back losses in a month

U.s. stocks opened higher on wednesday following the first back-to-back declines for the dow in a month as investors shrugged off weak employment data, while treasury yields continued to decline. the s&p 500 spx gained 22 points, or 0.5%, to 4,589, the nas
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: NIO’s stock rises on report of plans to spin out battery unit

Nio inc.’s stock nio was up by 3.2% in premarket trading on wednesday after reuters reported the chinese electric-car maker may spin off its battery-manufacturing business as early as 2024. citing three people familiar with the company, the report said s
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Ollie’s Bargain Outlet’s stock gains as retailer hikes its profit view

Ollie’s bargain outlet holdings inc.’s stock olli was up 4.6% in premarket trading wednesday after the retailer’s third-quarter earnings beat the factset consensus estimate. the company also raised its 2023 earnings outlook to between .77 a share a
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Pharvaris shares surge as treatment for severe swelling meets clinical trial goal

Shares of pharvaris n.v. phvs jumped 40% premarket on wednesday after the switzerland-based company said an investigational drug met its primary goal in a clinical trial for treatment and prevention of hereditary angioedema attacks. the attacks can cause r
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: Brown-Forman’s stock slides 4.7% after earnings fall short of estimates

Brown-forman corp.’s stock bf.b slid 4.7% early wednesday, after the parent to jack daniel’s whiskey posted weaker-than-expected fiscal second-quarter earnings and said a challenging operating environment has it tempering its expectations for the year.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: InMode’s stock slides 13% after Israeli medtech company issues profit warning

The stock of inmode ltd. inmd, an israeli medical tech company, fell 13% early wednesday, after the company cut its full-year guidance to reflect stronger-than-expected headwinds from the current macro environment, that was causing a slowdown in platform
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-06

: AutoZone same-store sales match estimate

Autozone inc.’s stock azo was down by 1.5% in premarket trading on tuesday after the auto parts retailer matched the factset consensus estimate for fiscal first-quarter same-store sales growth of 2.1%. autozone’s first-quarter sales rose 5.1% to .19
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Folgers parent J.M. Smucker beats profit estimates but sales fall slightly short and company lowers guidance

J.m. smucker co.’s stock sjm rose about 1% in premarket trade tuesday, after the parent of folgers coffee and jif peanut butter beat profit estimates for the third quarter, while sales fell slightly short and it lowered its full-year guidance. orrville
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Keds parent Designer Brands’ stock craters 22% after earnings miss as company slashes full-year guidance

Designer brands inc.’s stock dbi slid 22% premarket tuesday, after the parent to footwear brands, including keds, lucky brand and vince camuto, posted weaker-than-expected third-quarter earnings and cut its guidance. columbus, ohio-based designer brands
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: CVS Health’s stock pops 3% after it offers above-consensus revenue guidance for 2024

Cvs health inc.’s stock cvs rose 3% premarket tuesday, after the drug-store chain backed guidance for 2023 and set guidance for 2024 with revenue that’s comfortably above consensus. the company said it expects 2024 adjusted eps of at least 8.50 on reve
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Nio loss widens while vehicle sales climb 46%

Nio nio on tuesday said it lost 4.56 billion chinese renminbi, wider than the 4.11 billion renminbi it lost in the year-earlier quarter, while revenue more than doubled to 19.07 billion renminbi as vehicle sales rose 46%. on an adjusted basis, the ev maker
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Five9 says it is not pursuing a sale

Five9 inc. fivn said tuesday it was approached with an acquisition opportunity, but is not pursuing any deal. the cloud-based software provider was reacting to a bloomberg report on monday that said it was mulling a possible sale after a bid by zoom video
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Mastercard raises dividend by 16%

Mastercard inc. ma late tuesday said that its board has declared a quarterly cash dividend of 66 cents a share, a 16% increase over the previous dividend of 57 cents per share. the dividend will be paid on feb. 9 to shareholders of record on jan. 9. the bo
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Asana’s stock is falling after another quarterly loss

Asana inc.’s asan stock dropped 6% in extended trading tuesday after the software company reported quarterly results. asana reported a fiscal-third-quarter net loss of .8 million, or 28 cents a share, compared with a net loss of 0.9 million, or 49
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Dow sees first back-to-back losses in a month as Apple retakes trillion

U.s. stocks finished mostly lower on tuesday, with the dow logging back-to-back losses for the first time in nearly a month, while a rally in megacap technology stocks helped boost the nasdaq. apple inc.’s aapl gains on tuesday saw it end the session wit
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: U.S. oil futures drop to a 5-month low

Oil futures on tuesday stretched their losses into a fourth consecutive session, pulling u.s. prices to their lowest settlement since early july. “the opec+ decision was a clear disappointment last week due to both the underwhelming amount of additional
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Airbnb names new CFO, creates new role to oversee international expansion

Airbnb inc. abnb on tuesday named ellie mertz its new chief financial officer, with outgoing cfo dave stephenson set to become the company’s first-ever chief business officer. airbnb also said that head of hosting catherine powell is moving to an adviser
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Lower lithium prices weigh on Albermarle as UBS cuts price target

Chemical company albermarle corp. alb saw its common stock price drop 4.4% on tuesday as the biggest decliner in the s&p 500 spx. ubs cut its price target for albermarle to 0 a share from 0 on lower lithium prices, which have fallen amid lower-than-e
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: NYC Mayor Adams to launch lithium-ion battery-charging pilot program in early 2024 for delivery workers to safely charge bikes

New york city mayor eric adams said tuesday his administration is launching a new, lithium-ion battery-charging pilot program early in 2024, that will allow an initial group of delivery workers to safely charge their bikes in public. “the pilot will test
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: KeyCorp stock falls on lower non-interest income forecast

Keycorp.’s stock key was down 3.8% on tuesday after the bank lowered its fourth-quarter outlook for non-interest income to drop by 5% to 8% from the previous quarter. the bank’s prior estimate was for an increase of 1% to 3%. keycorp expects fourth-qua
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Procter & Gamble to book more than billion in charges for limited restructuring and Gillette impairment

Procter & gamble co. pg said tuesday it’s planning a restructuring of its business operations, primarily in certain enterprise markets, including argentina and nigeria, to address “challenging macroeconomic and fiscal conditions.” the consumer good
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: U.S. stocks open lower as rally remains on pause ahead of crucial jobs report

U.s. stocks opened lower on tuesday as the market’s recent rally remained on pause ahead of a slew of economic data that will likely decide the future of interest-rate cuts by the federal reserve next year. the dow jones industrial average djia was falli
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Wells Fargo to book up to nearly billion in Q4 severance costs

Wells fargo & co.’s wfc stock was down by 0.4% on tuesday after the bank said it plans to book 0 million to nearly billion in fourth-quarter severance costs. chief executive charlie scharf said at the goldman sachs u.s. financial services conferenc
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Philip Morris backs full-year profit guidance ahead of conference

Philip morris international inc. pm backed its full-year profit guidance on tuesday, and said it expects organic top-line growth and double-digit, currency-neutral adjusted eps growth. “this is underpinned by the continued strength of our smoke-free port
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Replimune shares plunge as skin cancer therapy fails to meet primary clinical-trial goals

Replimune group inc. shares repl dropped more than 40% premarket on tuesday after the biotech company said an investigational cancer therapy had failed to meet its primary goals in a clinical trial in skin cancer. the therapy, rp1, was studied in combinati
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: DSW parent Designer Brands’ stock craters 34% after earnings miss as company slashes full-year guidance

Designer brands inc.’s stock dbi slid 34% premarket tuesday, after the parent to footwear brands, including keds, lucky brand and vince camuto, posted weaker-than-expected third-quarter earnings and cut its guidance. columbus, ohio-based designer brands
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Eli Lilly’s new obesity drug Zepbound added to major PBM formularies as it hits pharmacy shelves

Eli lilly & co. lly said tuesday its new obesity drug zepbound has been added to a major pharmacy benefit manager’s preferred formulary, or list of covered drugs, as it hits u.s. pharmacy shelves. zepbound, which was approved by the u.s. food and drug ad
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: AutoZone stock rises after Q1 earnings per share beat analyst estimate

Autozone inc.’s stock azo was up by 1% in premarket trading on tuesday after the auto parts retailer said its profit rose 10%m as its same-store sales growth of 2.1% matched the factset consensus estimate. autozone’s first-quarter net income rose to
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: J&J’s stock slightly higher as company offers guidance for 2024 and longer term

Johnson & johnson’s stock jnj was slightly higher premarket tuesday, after the healthcare company set guidance for 2024 and for the longer term, ahead of an investor day at the new york stock exchange. the company said it expects 2024 sales to grow 5% to
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-05

: Virgin Galactic shares tumble after Sir Richard Branson rules out further investment

Shares of virgin galactic holdings inc. spce fell 14.1% in premarket trades monday after founder sir richard branson ruled out further investment in the space-tourism company. in an interview with the financial times branson said that his business empire w
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: SilverSun Tech to get billion investment from Jacobs Private Equity as part of spin-off plan

Silversun technologies inc. ssnt said monday jacobs private equity ii llc agreed to invest billion in cash into the company including money from co-investor sequoia heritage and others. jacobs private equity ii will become the majority stockholder of si
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Alaska Air downgraded to market perform from strong buy at Raymond James as Hawaiian deal likely to weigh on sentiment

Alaska airlines inc. ‘s stock alk was downgraded to market perform from strong buy by raymond james on monday, after it announced it would acquire hawaiian airlines parent hawaiian holdings inc. ha for a share, or a 270% premium over its closing pric
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: General Motors stock up 1.2% premarket after Mizuho upgrades to buy now that UAW strike is over

General motors co.’s stock gm rose 1.2% in premarket trade monday, after mizuho upgraded the stock to buy from neutral and said the car maker has several catalysts for a move higher now the uaw strike is over. these include that estimated costs of wage
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Hawaiian Air’s stock soars 174% after Alaska acquires airline for a 270% premium

Hawaiian holdings inc.’s stock ha soared 174% in premarket trade monday, after alaska air group inc. alk announced a deal to acquire the parent of hawaiian airlines for about .9 billion. under the terms of the deal, alaska air will pay a share in
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: State Street taking full ownership of India joint venture with HCLTech

State street corp. stt said monday it will take full ownership of a joint venture in india called statestreet hcl services. financial terms were not disclosed. “bringing the state street hcl services capabilities and expertise in-house will create a more
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: AT&T could spend almost billion through new open-network collaboration with Ericsson

Corrected with a&t planning to run 70% of its wireless traffic through open-capable platforms by late 2026.at&t inc. t said monday afternoon that it will collaborate with ericsson to build “a more robust ecosystem of network infrastructure providers and
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: EyePoint announces 5 million stock offering following record surge in share price

Eyepoint pharmaceuticals inc. eypt announced monday afternoon that it has begun an underwritten public offering of 5 million in common stock. the company will also give underwriters the chance to purchase up to an additional .25 million of stock at t
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: GitLab’s stock shoots up 15% on earnings, sales beats

Gitlab inc.’s stock gtlb surged 15% in extended trading monday after the software company reported quarterly results that surpassed analyst revenue and earnings estimates. gitlab reported a fiscal third-quarter net loss of 5.2 million, or .84 a shar
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Dow pulls back from 2023 highs as small caps outperform

U.s. stocks finished lower on monday with the dow pulling back from its 2023 highs, while a catch-up rally in small caps stretched to a fourth day. the s&p 500 spx fell by 24.85 points, or 0.5%, to 4,569.78, according to preliminary closing data from facts
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Five9 is considering a sale two years after failed Zoom deal: report

Shares of five9 inc. fivn popped nearly 10% monday following a report the call-center software provider is mulling a sale, more than two years after it scrapped a multibillion-dollar acquisition by zoom video communications inc. zm. five9 is in talks with
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: U.S. oil futures settle at lowest since mid-November

Oil futures on monday posted a third-straight session decline, with u.s. prices settling at their lowest since mid-november. oil prices have remained under pressure on concerns over slowing demand, as well as some skepticism that the opec+ output cuts will
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Lululemon’s stock down 2% after Wells Fargo downgrade with Nike gaining as new top defensive pick

Lululemon athletica inc.’s stock lulu fell 2% monday, after wells fargo downgraded the yoga gear maker’s stock to equal weight from overweight, and said it’s taking its chips off the table following a strong year-to-date run. the stock has gained 42.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Tesla EVs to be phased out at car-rental company Sixt, which cites low resale value: report

Car-rental company sixt xe:six2 is phasing out tesla inc.’s evs from its fleet due to lower resale value, bloomberg reported monday, citing an email to customers from the german company that it had viewed. tesla’s price cuts hit residual values and hig
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Twilio’s stock slides 2% after company announces to cut 5% of workforce

Twilio inc.’s stock twlo fell 2% early monday, after the cloud computing company said it plans to cut 5% of its global workforce and book million to million in severance charges. the company’s most recent filing with the securities and exchang
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: U.S. stocks open lower after rallying five straight weeks

The u.s. stock market opened lower monday, with investors appearing to take a breather after all three major benchmarks rose for five straight weeks. the dow jones industrial average djia was trading 0.4% lower soon after the opening bell, while the s&p 50
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Southwest Gas plans Centuri Holdings spinoff IPO by summer of 2024

Southwest gas holdings inc. swx said monday it plans to pursue an initial public offering of of centuri holdings inc. to separate it from the company by the spring or summer or 2024 once it finds a chief executive for the utility infrastructure company. cu
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Uber’s stock up 4.2% after being added to S&P 500; Oppenheimer raises price target to from

Uber technologies inc.’s stock uber soared 4.2% early monday, after the ride-sharing company’s stock was added to the s&p 500, prompting oppenheimer to raise its price target to from and reiterate its outperform rating, the equivalent of buy.
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: EV charger Wallbox rallies on investment from Generac

Wallbox’s stock wbx was rallying by 22% monday after generator specialist and s&p 500 spx component generac holdings inc. gnrc said it made a minority investment in the electric-vehicle charging company. financial terms were not disclosed. generac will a
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Verizon to offer a Netflix and Max bundle for monthly

Verizon communications inc. vz plans to offer a bundle containing ad-free netflix and max for a month combined to customers of its myplan service. these wireless plans let customers choose which streaming services, bundles or other offers they want to
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Brookfield evaluating potential next steps after Origin Energy shareholders reject buyout plan

Brookfield asset management bamca:bam and brookfield renewable partners bepca:bep.ut said they will evaluate their next steps, if any, after origin energy ltd. au:org shareholders rejected a .6 billion takeover proposal with private-equity firm eig. ori
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: EyePoint Pharmaceuticals’ stock soars 362% after company announces positive data from trial of wet AMD treatment

Eyepoint pharmaceutics inc.’s stock eypt rocketed 362% early monday, after the company announced positive results from a phase 2 trial of its eyp-1901 treatment for wet age-related macular degeneration, or wet amd. the company said the study combining vo
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-04

: Tesla’s stock heads for 3rd straight loss in wake of Cybertruck launch

Shares of tesla inc. tsla slumped 1.7% in premarket trading friday, putting them in danger of a third-straight loss, as the much-anticipated launch of electric vehicle giant’s cybertruck hasn’t provided a fresh buying spark. the stock has lost 2.7% ove
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-01

: Pfizer’s stock falls 4% after saying it will not move to Phase 3 trial of weight-loss drug as twice-daily formation

Pfizer inc.’s stock pfe fell 4% premarket friday, after the company said it’s not planning to push ahead to a phase 3 trial of a twice-daily formulation of its oral glp-1 candidate in adults with obesity and type 2 diabetes after high rates of adverse
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-01

: Fisker stock bounces after EV maker cuts production guidance to free up more than 0 million in liquidity

Shares of fisker inc. fsr bounced 5.7% in premarket trading friday, following the previous session’s close at a record low, after the electric vehicle maker said it decided to cut december production to free up more than 0 million of liquidity. the co
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-01

: AIG to sell more than 0 million worth of Corebridge Financial stock, less than a month after selling billion

American international group inc. aig said friday that it will sell off another 35 million shares of corebridge financial inc. crbg, but will remain a majority owner of the retirement services company. corebridge’s stock fell 2.5% in premarket trading, w
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-01

: Alibaba downgraded by Morgan Stanley, which says PDD is top China e-commerce play

Alibaba baba was downgraded to equal-weight from overweight at morgan stanley, with its price target cut to from 0. the bank said a fundamental turnaround is happening more slowly than it had assumed for both taobao and tmall and the cloud business,
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-01

: Amazon hires three rocket launches from Musk’s SpaceX

Amazon.com inc. amznsaid friday it has hired elon musk’s spacex for three falcon 9 rocket launches to support deployment plans for project kuiper, amazon’s low earth orbit satellite broadband network. the deal, the first between the companies, is cons
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-01

: Dow posts highest close in nearly 2 years, equities extend rally to five straight weeks

U.s. stocks powered higher on friday, shrugging off tough talk from federal reserve chairman jerome powell about it being too early to talk about rate cuts. the dow jones industrial average djia gained about 294 points, or 0.8%, ending near 36,245, accordi
Tag: Market Pulse USA    Source: marketwatch.com   Dated: 2023-12-01

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