• Arconic tries to distance itself from Grenfell Tower fire June 26, 2017
    Arconic Inc. late Monday tried to distance itself from the devasting Grenfell Tower fire that killed at least 79 people by stressing that it supplies cladding panels to clients with the assumption that its products are used in compliance with various building codes. "Arconic supplied one of our products, Reynobond PE, to our customer, a fabricator, whic […]
  • 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 […]