Stocks Fluctuate Before Closing Mostly Lower – U.S. Commentary

Stocks Fluctuate Before Closing Mostly Lower – U.S. Commentary
Stocks fluctuated over the course of the trading session on Monday following the rebound seen last Friday. After recovering from an early move to the downside, the major averages spent the day bouncing back and forth across the unchanged line. The major averages ended the day firmly in negative territory. The Dow fell 89.44 points or 0.4 percent to 25,250.55,... Read More

Stocks Regain Ground After Early Move To The Downside – U.S. Commentary

Stocks Regain Ground After Early Move To The Downside – U.S. Commentary
After an early move to the downside, stocks have regained ground over the course of the trading session on Monday. The major averages have climbed well off their worst levels of the day. Currently, the major averages are turning in a mixed performance. While the Dow is up 5.89 points or less than a tenth of a percent at 25,345.88,... Read More

Stocks Move Mostly Lower In Morning Trading – U.S. Commentary

Stocks Move Mostly Lower In Morning Trading – U.S. Commentary
Stocks have moved mostly lower in morning trading on Monday, partly offsetting the rebound seen last Friday. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are all in negative territory, although the Dow is down just 22.39 points or 0.1 percent at 25,317.60. The Nasdaq is down 72.83... Read More

U.S. Retail Sales Growth Falls Well Short Of Estimates In September

U.S. Retail Sales Growth Falls Well Short Of Estimates In September
Retail sales in the U.S. crept up by much less than expected in the month of September, according to a report released by the Commerce Department on Monday. The Commerce Department said retail sales inched up by 0.1 percent in September, matching the uptick seen in August. Economists had expected retail sales to climb by 0.5 percent. The uptick in... Read More

EyePoint Pharma shares jump on FDA approval of Yutiq implant

EyePoint Pharma shares jump on FDA approval of Yutiq implant
EyePoint Pharmaceuticals Inc. shares EYPT, +5.56% soared 8% in premarket trade Monday, after the company said the U.S. Food and Drug Administration has approved its Yutiq implant for the treatment of uveitis, a leading cause of blindness. Yutiq is a micro-insert that is designed to release fluocinolone acetonide over a three-year period and that can be administered in a doctor’s... Read More

Stocks Finish Volatile Trading Session Sharply Lower – U.S. Commentary

Stocks Finish Volatile Trading Session Sharply Lower – U.S. Commentary
Stocks saw substantial volatility over the course of the trading session on Thursday before ending the day sharply lower. The major averages finished the day firmly in the red, adding to the steep losses posted in the previous session. The major averages closed firmly in negative territory but off their lows of the session. The Dow plunged 545.91 points or... Read More

Futures Move Lower Following Producer Prices Report

Futures Move Lower Following Producer Prices Report
The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to move to the downside after closing mixed for two consecutive sessions. Stock futures fluctuated earlier in the day before coming under pressure following the release of the Labor Department’s report on producer price inflation in the month of September. The report said producer... Read More

Microsoft announces strategic investment in Singapore’s Grab

Microsoft announces strategic investment in Singapore’s Grab
Microsoft Corp. MSFT, -1.14% on Monday announced a strategic investment in Singapore-based ride-hailing company Grab. The five-year deal will see the companies collaborate on technologies including big data, artificial intelligence and mobility solutions, Microsoft said in a statement. The sum of the investment was not announced. “Our partnership with Grab opens up new opportunities to innovate in both a rapidly... Read More

Conagra stock upgraded on growth potential from Pinnacle deal

Conagra stock upgraded on growth potential from Pinnacle deal
Conagra Brands Inc. CAG, +3.20% was upgraded to buy from neutral at UBS on the company’s long-term growth potential, which stems in large part from its $8.2 billion acquisition of Pinnacle Foods. Analysts raised Conagra’s price target to $40 from $38. Over the next three years, UBS is expecting Conagra’s accelerating performance metrics, including volume growth and reduced discounting, along... Read More

Ukrop’s Homestyle Foods Recalls Sliced Deli-meat Over Listeria Risk

Ukrop’s Homestyle Foods Recalls Sliced Deli-meat Over Listeria Risk
Ukrop’s Homestyle Foods is recalling roughly 18,296 pounds of ready-to-eat meat and poultry deli-sliced products due to possible Listeria contamination, according to the the U.S. Department of Agriculture’s Food Safety and Inspection Service. Produced and packaged from Sept.14, 2018 through Oct.3, 2018, the affected products bear establishment number “EST.19979” inside the USDA mark of inspection, and were shipped to retail... Read More