Market Watch

  • Boeing's stock powers up to pace Dow gainers, adds about 62 points to Dow's rally
    on August 22, 2019 at 2:02 pm

    Shares of Boeing Co. powered up 2.7% in morning trading, to pace the Dow Jones Industrial Average's gainers, after an upbeat note from Cowen analyst Cai von Rumohr, who said the Federal Aviation Administration certification flight for the 737 Max plane could be 4-to-6 weeks off. The stock's price gain of $9.14 was adding about 62 points to the Dow, which was up 138 points. The certification flight, which comes after the 737 Max was grounded earlier this year after two crashes, would be "a key milestone for the stock," von Rumohr wrote. He said the fact that Boeing hasn't pushed out its "early Q4" recertification target, despite saying it could possibly shut production if the grounding drags into 2020 and after stressing uncertainty over the regulatory process, suggests "no news is good news." Von Rumohr said Boeing is his top pick in the aerospace and defense sector. Boeing's stock has now run up 9.0% in the six sessions since it closed at a 7 1/2-month low on Aug. 14. It has gained 8.3% year to date, while the Dow has advanced 12.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • Treasury yields come off intraday highs after disappointing factory PMI
    on August 22, 2019 at 2:01 pm

    Treasury yields pulled back from their intraday highs on Thursday after the Markit manufacturing purchasing managers index fell to 49.9 in August. Any reading below 50 reflects a slowdown in economic activity. The 10-year Treasury note yield was flat at 1.579%, after trading as high as 1.625% earlier. Analysts remain concerned that the slowdown in U.S. factories will spill over into the broader economy. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • Levi Strauss aims to halve water use in stressed areas by 2025
    on August 22, 2019 at 1:50 pm

    Levi Strauss & Co. said Thursday that it is implementing a program that uses water science, expertise and its own experience to expand its water conservation efforts. The goal is to reduce water use in depleted areas by 2025. The company would also like to aid in the effort to bring clean water to communities. Levi Strauss stock has fallen 24.6% over the last three months while the S&P 500 index is up 2.7% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • All 11 sectors of the S&P 500 gain in early Thursday stock-market advance
    on August 22, 2019 at 1:50 pm

    All of the S&P 500's major sectors were trading in positive territory early Thursday as markets climbed as a key gathering of central bankers in Wyoming got under way. Gains for S&P 500's 11 sectors were led by 0.7% rise in the financials sector as yields on government debt gained some altitude off multiyear lows. Higher yields tend to be supportive of banking business models. The S&P 500 index overall was gaining 0.4% at 2,935. Meanwhile, the Dow Jones Industrial Average was up 140 points, or 0.5%, to 26,338, while the Nasdaq Composite Index advanced 0.2% to 8,037. The 10-year Treasury rate was up slightly higher at 1.58% from 1.577% late Wednesday. Central bankers and academics are gathering in Jackson Hole, Wyo., to discuss the health of the global economy, which will be headlined by a speech from Federal Reserve Chairman Jerome Powell on Friday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]

  • Dow drifts more than 100 points higher at the open as Jackson Hole gathering gets under way
    on August 22, 2019 at 1:33 pm

    U.S. stocks climbed modestly higher on Thursday morning as investors watched an annual conference in Jackson Hole, Wyo., where central bank leaders will discuss global monetary policy and economic health. The Dow Jones Industrial Average rose 110 points, or 0.4%, to 26,314, the S&P 500 index climbed 0.3% to 2,934, while the Nasdaq Composite Index picked 16 points to reach 8,037, a gain of 0.2%. The Jackson Hole gathering comes after the release of minutes from the Federal Reserve's July 30-31 policy gathering, which suggested that central bank policy makers wanted to be flexible in implementing policy. In other economic policy, the European Central Bank, meanwhile, hinted at a significant new stimulus package after the release of minutes from its July 25 meeting, which suggested that policy makers are contemplating a package that would includes cutting policy rates further into negative territory and new purchases of financial assets. In U.S. economic data, new applications for unemployment benefits fell by 12,000 to 209,000 during the week ended Aug 17, a four-week low, suggesting continued strength in the labor market. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. […]