Special counsel Robert Mueller has submitted his report on Russia’s role in the 2016 presidential election to the U.S. Department of Justice, ending his nearly two-year investigation.
February Existing Home Sales: +11.8% to 5.510M vs. 5.100M consensus and 4.940M prior.Now read: Futures indicate a weak opening for U.S. stocks »
The total count of active drilling rigs in the U.S. tumbles by 10 to 1,016, falling for the fifth consecutive straight week, Baker Hughes reports in its latest weekly survey.
U.S. stocks head steadily south, triggered by weak manufacturing data in Germany, which sent investors to safer investments like Treasuries.
Behind today’s big move down in bond yields was a plunge in the German PMI to its weakest level since 2012. That sent the German 10-year Bund yield down into negative territory.
Novartis (NYSE:NVS) plans to spin off its Alcon eye care business to shareholders on April 9 via a stock dividend to NVS shareholders. Specifically, NVS stockholders will receive one Alcon share for every five Novartis shares or ADRs held at the close of business on April 8.
Stocks slump at the open as weak manufacturing data out of Europe sparks worries about the global economy; Dow -0.3% while S&P and Nasdaq both -0.5%.
German 10-year bond yields fell below zero for the first time in more than two years and the euro slid after a key gauge indicated the country’s manufacturing activity contracted.
U.S. stock futures point to opening in the red, following the decline in Europe’s stock markets as weaker-than-expected German manufacturing data fuels concern about global economic growth.
Indonesia’s national airline has told Boeing (NYSE:BA) it wants to cancel an order of 49 737 MAX 8 jets, saying that its passengers have lost confidence in the model after two crashes in five months, the New York Times reports.
A senior Boeing (BA -0.9%) executive is out in defense of the company’s aircraft design and production processes and says fixes to software linked to at least one of the two recent crashes of 737 MAX jets should be ready within weeks.
With the quarter’s end ticking closer, Tesla (NASDAQ:TSLA) CEO Elon Musk has set car deliveries as employees’ “primary priority” in a companywide mail, Business Insider reports.
Stocks racked up strong gains, with the S&P 500 closing at its highest level this year, as investors regained their affection for riskier assets following the Fed’s indication that it will hold interest rates steady this year.
Nike (NYSE:NKE) topped profit expectations for its fiscal Q3 as it saw growth and higher margins in its core brand and broad geographical strength.
Nike (NYSE:NKE): Q3 GAAP EPS of $0.68 beats by $0.03 .Revenue of $9.61B (+7.0% Y/Y) beats by $10M.Shares +0.83%.
Levi Strauss (NYSE:LEVI) opens at $22.22 in its return to public trading.The IPO priced at $17 with a $6.6B market value. Shares were projected to open between $21.75 and $22.25.
High-stakes meetings continue on the Fox lots after the $71B Disney/Fox deal, as CEO Lachlan Murdoch assembled the employees of new Fox (FOX +2.8%, FOXA +3.3%) for a town-hall gathering.
A bit more than an hour before the close, stocks are at session highs, with the Nasdaq up 1.5%, the S&P 500 1.2%, and the Dow 0.95%.
The three major U.S. stock averages ease off their session highs in noon-hour trading.Among the catalysts for the market’s upward path: February leading indicators exceeded estimates and jobless claims fell more than expected.
Stock indexes fluctuate between gains and losses in early trade as the Fed’s pivot to a more dovish policy stance creates some caution among investors; S&P and Dow both +0.1%, Nasdaq +0.2%.