MarketWatch MarketPulse

  • FSOC discussed designation of a systemically important institution September 22, 2017
    The Financial Stability Oversight Council said Friday it discussed the ongoing annual reevaluation of its designation of a nonbank financial company -- in all likelihood, a reference to American International Group , as media reports suggested the group of regulators would ahead of the meeting. The FSOC didn't say what, if anything, was decided. If the […]
  • Facebook drops stock split, Zuckerberg credits stock's rise September 22, 2017
    Facebook Inc. will not execute a stock split that creates a non-voting class of shares after facing an investor lawsuit, Chief Executive Mark Zuckerberg announced Friday afternoon. Zuckerberg wanted the stock split to ensure he remained in control of Facebook even while donating a massive amount of his stock to an LLC he and his wife Priscilla created to sup […]
  • U.S. stocks close mostly higher, Dow has 2nd positive week in a row September 22, 2017
    U.S. stocks ended with slight moves on Friday, as the market's recent upward momentum remained intact, although geopolitical uncertainty limited buying appetite with major indexes near records. The Dow Jones Industrial Average fell 10 points, or less than 0.1%, to 22,349. The S&P 500 rose 1.5 point to 2,502. The Nasdaq Composite Index was up 4 point […]
  • Record number of S&P 500 companies have issued upbeat revenue guidance September 22, 2017
    The beginning of third-quarter earnings reporting season is still a few weeks away, but a record number of companies have already provided revenue guidance that was above expectations, according to Senior Earnings Analyst John Butters at FactSet. FactSet has been tracking guidance since 2006. Overall, 54 companies have issued positive revenue guidance, which […]
  • Oil prices edge up for the session and gain for the week September 22, 2017
    U.S. oil pricesedged up for the session on Friday and gained for a third-straight week. Major oil producers at the OPEC-led committee meeting said compliance with their production-cut agreement climbed to a record 116% in August. November West Texas Intermediate crude rose 11 cents, or 0.2%, to settle at $50.66 a barrel on the New York Mercantile Exchange. F […]
  • Health care stocks spike higher after McCain says 'no' to Graham-Cassidy September 22, 2017
    Health care stocks spiked higher in afternoon trade, to erase nearly all of their earlier broad losses, after Sen. John McCain said he could not vote for the Senate bill to repeal major parts of the Affordable Care Act, also known as Obamacare. The SPDR Health Care Select Sector ETF was down just 0.1% in afternoon trade, but had been down as much as 0.5% bef […]
  • McCain says he's a 'no' on Obamacare repeal bill, making passage unlikely September 22, 2017
    Sen. John McCain said Friday he cannot vote for the Senate bill to repeal major parts of Obamacare, which severely dims its hopes for passage. McCain was one of the critical swing votes its supporters were courting. "I cannot in good conscience vote for the Graham-Cassidy proposal," he said. He said the factors influencing his decision was the lack […]
  • Dow's drop defies broad market rally September 22, 2017
    The Dow Jones Industrial Average fell 28 points in afternoon trade, but the broader stock market was putting in a fairly bullish performance. The Dow's drop reflected declines in 23 of its 30 components, led by selloffs in Apple Inc. and UnitedHealth Group Inc. shares. Meanwhile, the number of advancing stocks was dominating decliners by a 1,789-to-1,03 […]
  • DaVita's stock tumbles to lead S&P 500 losers after scathing SIRF report September 22, 2017
    Shares of DaVita Inc. tumbled 7.0% in midday trade Friday to pace the S&P 500 decliners, after a Southern Investigative Reporting Foundation (SIRF) report questioned how the medical care services provider received about half its operating profits from the non-profit American Kidney Fund, and the enormous premium received on some dialysis treatments. The […]
  • SEC fines pharmaceutical company $4.1 million for misleading performance metric September 22, 2017
    The Securities and Exchange Commission settled fraud charges on Friday against Massachusetts-based Aegerion Pharmaceuticals, now a subsidiary of Novelion Therapeutics , for allegedly exaggerated how many new patients actually filled prescriptions for an expensive drug that was its sole source of revenue. Aegerion Pharmaceuticals agreed to pay a $4.1 million […]