Market Watch - Top Stories

• newThe Margin: Twitter algorithm amplifies right-leaning politics more than left, internal study finds
  A team at Twitter found content from right-wing politicians and right-leaning news outlets received a greater boost from its algorithm.
  - 9 mins ago 22 Oct 21, 7:13pm -
• newWhere Should I Retire?: Forget Colombia’s violent past — these Americans live ‘a very comfortable’ life outside Medellín on $4,000 a month
  This adventure-seeking couple has lived in Panama, Colombia and is eyeing Spain in a few years.
  - 13 mins ago 22 Oct 21, 7:09pm -
• newSpecial Report: Western Drought Watch: ‘Weather extremes appear to be increasing’: Drought conditions send oats, wheat and other commodities soaring
  Drought conditions in the U.S. and elsewhere are behind the tight supplies and price gains for a wide range of commodities, including oats, wheat, soybeans, coffee and even livestock.
  - 19 mins ago 22 Oct 21, 7:03pm -
• newSpecial Report: Western Drought Watch: ‘Toilet to tap’? As the climate keeps changing, more municipalities aim to recycle our most precious resource
  As the wells remain dry, and as the climate continues to change in ways that upend our lives and our expectations, American communities are increasingly looking for ways to recycle our most precious commodity.
  - 47 mins ago 22 Oct 21, 6:35pm -
• newMarket Snapshot: Nasdaq slides nearly 1% as Google, Facebook, Intel’s stocks fall but Dow clings to small gain
  Selling in large-capitalization stocks on Friday pressure the S&P 500 index and Nasdaq Composite lower, after the Dow and S&P 500 carved out fresh intraday records in an otherwise strong week for stocks.
  - 57 mins ago 22 Oct 21, 6:25pm -

• newOutside the Box: Don’t cut the Build Back Better plan—cut the Pentagon’s budget
  Congress should prioritize kids and seniors and stopping climate change over trillions wasted in endless failed wars
  - 1 hour ago 22 Oct 21, 6:19pm -
• newSpecial Report: Western Drought Watch: California’s ‘atmospheric rivers’ bring limited rain relief — a look at the Western drought by the numbers
  Moderate to heavy rain fell across Northern California heading into a weekend that's expected bring stormy weather to the drought-ravaged state, which is among the hardest hit as the U.S. West continues to strain under dry conditions.
  - 1 hour ago 22 Oct 21, 6:18pm -
• newKey Words: Anthony Scaramucci is rooting for DWAC because he thinks it will keep Donald Trump from running in 2024
  "The more it goes up, the less likelihood Donald Trump is running for president in 2024"
  - 1 hour ago 22 Oct 21, 6:16pm -
• newRetirement Weekly: This toxic combination is part of the reason Americans are so unprepared for retirement
  We score very low on tests of financial literacy
  - 1 hour ago 22 Oct 21, 6:15pm -
• newMetals Stocks: Gold climbs, but ends below the session’s high after Powell’s ‘time to taper’ remarks
  Gold futures climb Friday, but with bullion ending below the day's best levels after remarks from Federal Reserve Chairman Jerome Powell raised the likelihood that the central bank will start to slow, or taper, its monthly asset purchases.
  - 1 hour ago 22 Oct 21, 6:11pm -

MarketWatch - MarketPulse

• newU.S. oil futures log a 9th straight weekly climb

  

  Oil futures finished higher on Friday, with U.S. prices up tallying a ninth consecutive weekly climb --- the longest streak of weekly gains for front-month crude on record, based on data going back to April 1983, according to Dow Jones Market Data.…
  - 21 mins ago 22 Oct 21, 7:01pm -
• newGold futures settle higher, posting a gain for the week

  

  Gold futures settled higher on Friday, with concerns surrounding rising inflation prompting prices to post a gain for the week. Gold prices, however, finished off the session's highest price levels after Federal Reserve Chairman Jerome Powell said F…
  - 2 hours ago 22 Oct 21, 5:50pm -
• newBaker Hughes reports the first weekly decline in U.S. oil-drilling rigs in 7 weeks

  

  Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil declined by two to 443 this week. The weekly decline followed six consecutive weeks of increases. The total active U.S. rig count, which includes those drilling fo…
  - 2 hours ago 22 Oct 21, 5:07pm -
• newAmazon under pressure from fulfillment costs

  

  Amazon.com Inc.'s price target was cut to $4,200 from $4,700 at Credit Suisse as fulfillment and shipping costs rise. Amazon has announced plans for 150,000 seasonal hires in addition to more than 150,000 other hires it has announced. "We assume th…
  - 3 hours ago 22 Oct 21, 4:44pm -
• newStock market briefly takes a U-turn lower Friday as Tepper says market isn't a great investment now, Powell hints a rate hike

  

  U.S. stock indexes were turning lower midday Friday, with the main benchmarks retreating from records to end an otherwise strong week of gains, as investors digested comments from Federal Reserve Chairman Jerome Powell. Some of the shift lower in se…
  - 3 hours ago 22 Oct 21, 4:39pm -

• newPhunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain

  

  Shares of Phunware Inc. surged more than 1,000% early Friday, as a special-purpose acquisition company, or SPAC, called Digital World Acquisition Corp. , was revealed to be merging with an entity called Trump Media & Technology Group. Austin-based…
  - 5 hours ago 22 Oct 21, 2:10pm -
• newValkyrie bitcoin ETF sinks in Friday debut on Wall Street, but trailblazer ProShares fund still bouncy

  

  Shares of the Valkyrie Bitcoin Strategy exchange-traded fund were trading flat to lower on Friday as the U.S's second ETF linked to bitcoin made its debut on Wall Street. The launch of the Valkyrie Bitcoin fund comes days after the ProShares Bitco…
  - 5 hours ago 22 Oct 21, 2:03pm -
• newStocks open mostly lower after disappointing tech earning

  

  Stocks opened mostly lower Friday, with the Nasdaq Composite leading the way to the downside after disappointing tech earnings.The Dow Jones Industrial Average shook off the weaker tone, rising 66 points, or 0.2%, to 35,669, while the S&P 500 was…
  - 6 hours ago 22 Oct 21, 1:34pm -
• newChipotle to open its first drive-through Chipotlane in Canada

  

  Chipotle Mexican Grill Inc. said Friday that it will open its first Chipotlane in British Columbia on Monday. Chipotlanes are the fast-casual chain's drive-through pickup lanes for digital orders. Chipotle, which is focused on its digital business,…
  - 6 hours ago 22 Oct 21, 12:59pm -
• newBJ's Restaurants has cut items from its menu and limited dining room capacity due to staffing shortages

  

  BJ's Restaurants Inc. Chief Executive Greg Levin said in a third-quarter earnings statement that staffing shortages have driven the company to shorten its menu, cut dining room capacity and cut hours in certain locations. "As a result, we finished…
  - 7 hours ago 22 Oct 21, 12:47pm -
• newBeyond Meat shares slide 14% after company issues revenue warning, citing range of factors including COVID

  

  Beyond Meat Inc. shares slid 14% in premarket trade Friday, after the plant-based food company issued a revenue warning for the third quarter, citing a range of issues including the highly transmissible delta variant of the coronavirus. "The compan…
  - 7 hours ago 22 Oct 21, 12:43pm -
• newSeagate tops earnings expectations as cloud data-center demand remains strong

  

  Seagate Technology Holdings PLC delivered better-than-expected earnings Friday morning and issued a forecast for the current period that exceeded analyst expectations at the midpoint. The company reported fiscal first-quarter net income of $526 mil…
  - 7 hours ago 22 Oct 21, 12:33pm -
• newSonoco Belgian unit to raise prices to combat inflationary pressures

  

  Sonoco-Alcore S.a.r.l., a Belgian unit of packaging company Sonoco Products Co. , said Friday it is raising priced on all tube and core grades sold in the EMEA region by 50 euros ($58.20) per ton, or 50 pounds in the U.K., due to continued inflation…
  - 7 hours ago 22 Oct 21, 11:53am -
• newNorth Face parent VF Corp. reports profit and revenue miss

  

  VF Corp. shares dropped nearly 7% in Friday premarket trading after The North Face and Vans parent reported fiscal second-quarter earnings and revenue that missed expectations. Net income totaled $464.1 million, or $1.18 per share, up from $256.7 m…
  - 8 hours ago 22 Oct 21, 11:21am -
• new23andMe buys telemedicine specialist Lemonaid Health

  

  23andMe Holding Co. said Friday it agreed to pay $400 million for Lemonaid Health Inc., the on-demand platform for accessing medical care and pharmacy services, in a bid to add telemedicine and prescription drug delivery services. The purchase pric…
  - 8 hours ago 22 Oct 21, 11:20am -
• newHCA Healthcare blows past earnings estimates as it books gain on sale of facilities, offers upbeat guidance

  

  HCA Healthcare Inc. blew past earnings estimates for the third quarter on Friday, and offered guidance that was above consensus as the coronavirus pandemic caused a surge in demand for hospital care. The Nashville, Tenn.-based hospital operator sai…
  - 8 hours ago 22 Oct 21, 11:15am -
• newSchlumberger stock falls after profit matches expectations but revenue misses

  

  Shares of Schlumberger Ltd. slumped 0.9% in premarket trading Friday, after the oil services company reported a third-quarter profit that matched expectations but revenue rose missed, but provided an upbeat outlook oil and gas demand. The company s…
  - 8 hours ago 22 Oct 21, 11:07am -
• newIntel, Honeywell stock drops after earnings would cut Dow's price by about 70 points

  

  Shares of Intel Corp. tumbled 10.3% in premarket trading Friday, making it by far the biggest loser among Dow Jones Industrial Average components, in the wake of disappointing third-quarter results. Since Intel's closed Thursday at $56.00 as the 2…
  - 8 hours ago 22 Oct 21, 10:53am -
• newHoneywell's stock drops after profit tops expectations but revenue misses amid 'tough' supply chain environment

  

  Shares of Honeywell International Inc. slumped 3.4% in premarket trading Friday, after the aerospace and building materials company reported third-quarter profit that topped expectations but revenue that came up short, citing "tough challenges" in…
  - 9 hours ago 22 Oct 21, 10:45am -
• newAutoliv stock falls after profit falls more than 50% to miss expectations as supply shortages weighed on LVP

  

  The U.S.-listed shares of Autoliv Inc. fell 0.6% in premarket trading Friday, after the Sweden-based auto safety systems maker reported third-quarter adjusted profit that was half of last year's and missed expectations, as shortages of semiconducto…
  - 9 hours ago 22 Oct 21, 10:18am -
• newCoronavirus tally: Global cases of COVID-19 top 242.5 million and CDC approves expanded booster program

  

  The global tally for the coronavirus-borne illness climbed above 242.5 million on Friday, while the death toll edged above 4.93 million, according to data aggregated by Johns Hopkins University. The U.S. continues to lead the world with a total of 4…
  - 9 hours ago 22 Oct 21, 10:13am -
• newFacebook and other internet stocks under pressure after Snap gloom

  

  Internet stocks were under pressure in premarket trading on Friday, dragged lower by Snap , after the owner of social media app Snapchat said privacy changes imposed by Apple were weighing on digital advertising and would hurt the holiday quarter to…
  - 10 hours ago 22 Oct 21, 9:50am -
• newDigital World Acquisition Corp., the SPAC buying Trump Media, jumps again

  

  Digital World Acquisition Corp. , the special purpose acquisition company merging with the newly formed Trump Media & Technology Group, was flirting with $70 per share in early premarket trade, which would represent a rise of more than 50%. The SPAC…
  - 10 hours ago 22 Oct 21, 9:08am -
• newFlash eurozone composite and services PMI indexes hit six-month lows in October

  

  The flash eurozone composite output purchasing managers index (PMI) to a six-month low in October of 54.3, from 56.2 in September, according to IHS Markit. The flash services PMI dropped to 54.7 from 56.4, also a six-month low. Any reading blow 50 i…
  - 11 hours ago 22 Oct 21, 8:23am -
• newS&P 500 closes at record as investors continue to applaud earnings

  

  Stocks ended mostly higher Thursday, with the S&P 500 notching its first record close since Sept. 2 as investors continued to applaud generally upbeat corporate earnings. The Dow Jones Industrial Average ended the day down around 6 points, or less…
  - 23 hours ago 21 Oct 21, 8:04pm -
• McDonald's chances of adding the McPlant to the nationwide menu are 'fairly high,' says BTIG

  

  Analysts at BTIG say although McDonald's Corp. "claims" to be testing the McPlant in eight restaurants, they think there's a "fairly high" chance that the plant-based sandwich will rollout out nationwide in 2022. "We believe interest in adding a pl…
  - 1 day ago 21 Oct 21, 7:05pm -
• U.S. oil futures mark first loss in 6 sessions

  

  Oil futures settled lower on Thursday, with U.S. prices down for the first time in six sessions, a day after the front-month contract settled at the highest since October 2014. Prices got a boost Wednesday as the Energy Information Administration re…
  - 1 day ago 21 Oct 21, 6:49pm -
• Gold futures end lower after two-session decline

  

  Gold futures ended with a loss on Thursday, easing back after posting gains in each of the last two trading sessions. The precious metal "appears stuck in 'no man's land', battling rising yields on the short-end of the curve" as Federal Reserve memb…
  - 1 day ago 21 Oct 21, 5:37pm -
• Enfusion stock opens 18% above IPO price to value investment management software company at $2.3 billion

  

  Enfusion Inc. was well received on its Wall Street debut, as the Chicago-based investment management software company's stock opened 17.6% above its IPO price. The company raised $260.5 million as it sold 15.32 million Class A shares in its initial…
  - 1 day ago 21 Oct 21, 3:49pm -
• P10 opens slightly above, then seesaws around the IPO price

  

  P10 Inc. received a somewhat lackluster reception on its public debut, as the Texas-based alternative asset management company's stock opened on the NYSE just 0.8% above the $12 IPO price, the seesawed around that price. The company raised $138.0 m…
  - 1 day ago 21 Oct 21, 3:47pm -

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