MarketWatch MarketPulse

  • Western Digital hikes fourth-quarter earnings outlook June 26, 2017
    Shares of Western Digital Corp. fell in Monday's extended session even after the company raised its fourth-quarter earnings outlook. The disk-drive maker now expects fourth-quarter adjusted earnings per share of $2.85 compared with $2.55 to $2.65 previously. It also projected quarterly gross margin at 41% versus 40% in its April announcement. However, t […]
  • Senate health bill to raise uninsured by 22 million, CBO says June 26, 2017
    A Senate bill drafted by Republicans to replace Obamacare would leave 22 million people without insurance by 2026 compared to current law, a study by a nonpartisan Congressional Budget Office says. The plan would also reduce the U.S. budget deficit by $321 billion over the next 10 years. Senate Republicans are several votes short to pass their bill. A simila […]
  • S&P 500, Dow eke out gains, Nasdaq slumps as tech weakens June 26, 2017
    Stocks posted a mixed finish Monday, with the S&P 500 and Dow industrials eking out minor gains while the Nasdaq lost ground as tech shares slumped. The S&P 500 ended with a gain of 0.77 point, or less than 0.1%, at 2,439.07, according to preliminary figures. The Dow ended a 4-day losing streak with a gain of 14.79 points, or 0.1%, to 21,409.55. The […]
  • Nasdaq indexes' drop belies bullish market internals June 26, 2017
    Bullish Nasdaq breadth data suggests the weakness seen in the Nasdaq Composite and the tech-heavy Nasdaq 100 Monday is concentrated in the largest stocks. Most Nasdaq stocks are higher, with the number of advancing stocks outpacing decliners by a 1,560 to 1,166 margin. The volume of advancing stocks makes up 53.4% of total volume, and the number of stocks hi […]
  • Hertz shares jump 14% on Bloomberg report of self-driving partnership with Apple June 26, 2017
    Shares of Hertz Global Holdings Inc. surged 14% Monday, after Bloomberg reported that Apple Inc. is leasing a fleet of its cars to test self-driving technology. Apple is leasing Lexus RX450h SUVs from Hertz's Donlen fleet-management unit, Bloomberg reported, citing documents from the California Department of Motor Vehicles. The news comes hours after Al […]
  • Lidl to establish regional distribution center in Georgia, create 250 jobs June 26, 2017
    German grocer Lidl said Monday that it will establish a $100 million regional headquarter and distribution center in Cartersville, GA, creating 250 jobs over the next five years. It's the company's fourth such center in the U.S. The news comes as Lidl announced four new store openings on July 13. Two stores will be located in Virginia, and the othe […]
  • Gold settles lower for first time in four sessions June 26, 2017
    Gold prices settled lower Monday for the first time in four sessions, as gains in global stock markets helped to dull investment demand for the metal. August gold fell $10, or 0.8%, to settle at $1,246.40 an ounce. Prices had dropped to as low as $1,236.50 in electronic trading overnight in the U.S. in the wake of a large sell order that some analysts attrib […]
  • New version of Senate Republican health bill has penalties for uninsured June 26, 2017
    A new version of the Senate health bill, the Better Care Reconciliation Act of 2017, has been released that now has penalties for the uninsured. Insurers can impose a six-month waiting period on those who cannot demonstrate 12 months of "continuous creditable coverage." The bill could be voted on by the Senate as early as this week.Market Pulse Sto […]
  • Buffalo Wild Wings rolls out loyalty program nationwide June 26, 2017
    Buffalo Wild Wings Inc. said Monday that it is rolling out its loyalty program, Blazin' Rewards, nationwide. The restaurant chain launched an initial pilot in late 2015 and expanded it last summer. It has accumulated more than two million members across the U.S. Members earn points for eligible purchases of $10 or more, checking into restaurants, throug […]
  • Avis's stock soars after Waymo support and services deal June 26, 2017
    Shares of Avis Budget Group Inc. ran up 8.6% in morning trade Monday, after the car rental company announced a deal with Alphabet Inc.'s Waymo to provide support and maintenance services for Waymo's self-driving car program. As part of the deal, Avis will enhance some of its rental facilities to offer services and secure parking for Waymo's au […]