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3:47 a.m. May 10, 2021 - By Tonya Garcia
Coty earnings miss expectations but CoverGirl making gainsCoty Inc. stock sank 4.6% in Monday premarket trading after the global beauty company's fiscal third-quarter earnings missed expectations. Net loss totaled $18.5 million, or 2 cents per share, after a loss of $271.6 million, or 36 cents per share, last year. Adjusted EPS was breakeven after a loss of 14 cents last year. The FactSet EPS consensus was for a penny per share. Revenue of $1.028 billion was down from $1.063 billion last year and ahead of the FactSet consensus for $1.026 billion. The company is in the midst of a strategic growth plan, with the CoverGirl brand gaining market share in the U.S. over the past five weeks. The plan also includes re-positioning plans for Rimmel and Max Factor in Europe and cutting sales in what Chief Executive Sue Nabi called "low-quality channels." Coty reiterated its guidance for full-year revenue of $4.5 billion to $4.6 billion and cost reductions of about $300 million in fiscal year 2021. The FactSet consensus is for full-year revenue of $4.536 billion. Coty stock has gained 47.3% for the year to date while the S&P 500 index has gained 12.7% for the period.
12:09 p.m. May 6, 2021 - By Mark Decambre
Dow jumps over 300 points to log 23rd record close in 2021 and S&P 500 ends back above 4,200 amid late-session surgeU.S. stocks on Thursday finished a tumultous day firmly in positive territory and the Dow registered back-to-back record closes, supported by a round of strong corporate earnings and signs of continued improvement in the labor market as reflected in the jobless claims report ahead of a closely followed employment report due on Friday. The Dow Jones Industrial Average closed up by about 315 points, or 0.9%, to a record at 34,546, powered by gains in Goldman Sachs Group Inc. and Home Depot . The all-time closing high was the 23rd for the blue-chip index in 2021, outstripping all of the records produced in 2020, according to Dow Jones Market Data. The S&P 500 index closed up 0.8% at 4,200, while the Nasdaq Composite Index ended 0.4% higher at 13,633, snapping a four-session skid. A 1.4% rally in financials and a 1% rally in the technology sector helped to support Thursday's advance, which came as initial unemployment claims in the U.S. fell to 498,000 for first time in pandemic era, pointing to an improving labor market but also raising questions for some investors about the specter of rapidly rising inflation.
3:40 a.m. April 28, 2021 - By Jaimy Lee
Teva's stock gains after it beats earnings expectationsShares of Teva Pharmaceutical Industries Ltd. gained 0.6% in premarket trading after the drug maker beat earnings expectations for the first quarter, even though sales of its multiple-sclerosis drug continue to dwindle. Teva had earnings of $77.0 million, or 7 cents per share, in the first quarter of 2021, compared to $66.0 million, or 6 cents per share, in the same quarter a year ago. Adjusted earnings per share were 63 cents, beating the FactSet consensus of 59 cents. Teva's revenue for the quarter was $3.9 billion, down from $4.3 billion in the first quarter of 2020. The FactSet consensus was $4.0 billion. The company attributed the decline in revenue to a number of factors, including a 5% drop in sales in North America and falling sales of Copaxone in North America, down 17% to $164 million, and in Europe, down 8% to $100 million. Copaxone was once the company's top-selling drug. Teva reaffirmed its guidance for 2021, saying it still expects revenue of $16.4 billion to $16.8 billion and EPS of $2.50 to $2.70. Teva's stock is up 10.4% for the year, while the S&P 500 has gained 11.4%.
2:49 a.m. April 19, 2021 - By Ciara Linnane
Harley-Davidson to be subject to 56% tariff on EU imports, says will launch immediate legal challengeHarley-Davidson Inc. said Monday it has received notification from the Economic Ministry of Belgium that following a request from the European Union, it will be subject to the to the revocation of Binding Origin Information (BOI) credentials, effective today. Since 2019, the motorcycle maker has operated with those regulatory credentials, which allow it to supply EU markets with bikes produced at its international facilities at tariff rates of 6%. The move means it will now be subject to a 56% tariff rate within the EE, which will prevent it from being able to compete there. "This is an unprecedented situation and underscores the very real harm of an escalating trade war to our stakeholders on both sides of the Atlantic," Chief Executive Jochen Zeitz said in a statement. "The potential impact of this decision on our manufacturing, operations and overall ability to compete in Europe is significant. Imposing an import tariff on all Harley-Davidson motorcycles goes against all notions of free trade and, if implemented, these increased tariffs will pose a targeted competitive disadvantage for our products, against those of our European competitors." Harley-Davidson shares were up 7% premarket after it posted far stronger-than-expected first-quarter earnings just ahead of announcing the new EU tariffs.
8:03 a.m. March 31, 2021 - By Michael Ashbaugh
Charting a stealth breakout attempt, S&P 500 tags fractional record high Focus: 10-year yield asserts higher plateau, FedEx extends earnings-fueled breakout, TNX, FDX, X, APD, VCELU.S. stocks are higher early Wednesday, rising as a largely-bullish first quarter concludes. Against this backdrop, the S&P 500 has tagged a fractional record high early Wednesday amid a stealth late-March breakout attempt that remains underway.
5:32 a.m. March 8, 2021 - By Mark DeCambre
Dow opens higher but tech stocks come under pressure Monday as investors wrestle with rise in Treasury yieldsStock-index benchmarks were trading mostly higher Monday morning, with tech-related shares under pressure as government bond yields extended their climb following Senate passage of a $1.9 trillion COVID-19 relief package. The Dow Jones Industrial Average [: DJIA] was trading up 121 points, or 0.4%, at 31,606, the S&P 500 index climbed 0.1% at 3,842, while the Nasdaq Composite Index was off 0.2% at 12,899. Expectations that aggressive fiscal spending coupled with a rapidly reopening economy as vaccine rollouts continue have fueled expectations for at least a near-term surge in inflation. That, in turn, has contributed to a rise in bond yields which has helped fuel a rotation away from growth-oriented stocks with high valuations toward stocks that have been left behind in the stock market's post-COVID recovery. In corporate news, shares of AMC Entertainment Holdings Inc. surged as the "meme" stock's bounce from last month's plunge continued, after Wedbush analyst Michael Pachter doubled his price target ahead of the company's earnings report, citing an increasing optimism over the post-pandemic environment. Pachter raised his target for the stock to $5.00 from $2.50, but that target was 38% below Friday's closing price of $8.05. Shares of AMC and GameStop Corp. have been a focus of retail investors and short sellers of late. GameStop tapped Chewy co-founder Ryan Cohen to lead its e-commerce shift, according to reports.
8:09 a.m. March 1, 2021 - By Michael Ashbaugh
Charting successful technical tests: S&P 500, Nasdaq knife from major support Focus: Gold’s technical breakdown, Starbucks tags record highs, GLD, SBUX, MXL, OII, GRPNU.S. stocks are firmly higher early Monday, rising after a strong batch of economic data and amid stabilizing Treasury yields. Against this backdrop, the S&P 500 and Nasdaq Composite have knifed from major support amid an unusually strong March start.
4:06 a.m. Feb. 24, 2021 - By Tonya Garcia
TJX profit and sales take a hit after COVID-19-related store closuresTJX Cos. shares fell 2.7% in Wednesday premarket trading after the off-price retailer reported fourth-quarter earnings and sales that missed expectations. Net income totaled $325.5 million, or 27 cents per share, down from $984.8 million, or 81 cents per share last year. Sales totaled $10.94 billion, down from $12.21 billion last year. The FactSet consensus was for EPS of 62 cents and sales of $11.48 billion. TJX, whose portfolio of stores includes TJ Maxx and Marshalls, says Q4 sales took a $950 million to $1.05 billion hit due to COVID-19-related store closures in Canada and Europe. Earnings per share were reduced by 18 cents to 21 cents. Stores in Canada were closed for about 32% of the fourth quarter, and European stores were closed 63%. There are currently about 690 stores closed due to the pandemic, most in Europe where the company expects stores to be closed for 67% of the first quarter. Due to the ongoing uncertainty from the coronavirus, TJX did not provide financial guidance. TJX stock has gained 13.7% over the past year while the S&P 500 index is up 20.3% for the period.
8:00 a.m. Feb. 18, 2021 - By Michael Ashbaugh
Charting a bull-trend pullback, S&P 500 tags first support Focus: Airlines tag 11-month highs, JETS, SPOT, TXN, CVX, ZNGAU.S. stocks are lower early Thursday, pressured after disappointing weekly jobs data and a soft batch of quarterly earnings reports. Against this backdrop, the S&P 500 has extended a downturn from recent record highs, pulling in to tag first support (3,885).
12:06 p.m. Feb. 12, 2021 - By Mark DeCambre
Stock market clinches trifecta of record closing highs ahead of Presidents Day holidayMajor U.S. stock indexes on Friday finished on a higher note, notching a series of record highs on the back of optimism about a fresh round of COVID spending, strong corporate earnings and progress in rollowuts of vaccines to combat the viral pandemic. The Dow Jones Industrial Average closed up less than 0.1% to end at around 31,458, enough for a record peak for the blue-chip index, aided by gains in Goldman Sachs Group Inc. and Amgen Inc. . The S&P 500 index closed up 0.5% to reach about 3,935, while the Nasdaq Composite Index ended the day up 0.5% at an all-time closing high at roughly 14,095. For the week, the Dow finished up 1%, the S&P 500 closed with a 1.2% gain, while the Nasdaq Composite booked a 1.7% weekly advance. U.S. markets will be closed on Monday in observance of Presidents Day.
8:03 a.m. Feb. 11, 2021 - By Michael Ashbaugh
Charting a bullish holding pattern: U.S. benchmarks sustain February breakout Focus: Oil & Gas Exploration ETF sustains breakout, Nvidia reaches uncharted territory, XOP, NVDA, VEEV, SAIL, HPU.S. stocks are mixed early Thursday, vacillating after the latest batch of generally solid quarterly earnings reports. Against this backdrop, each big three U.S. benchmark has asserted a week-to-date holding pattern, of sorts, consolidating an early-week break to record territory.
4:20 a.m. Feb. 11, 2021 - By Tomi Kilgore
Kellogg stock slips after profit and sales miss, but guidance is for surprise earnings growth this yearShares of Kellogg Co. slipped 0.2% in premarket trading Thursday, after the cereal and snacks company reported fourth-quarter profit and sales that missed expectations, but pointed toward surprise growth in full-year earnings. Net income for the quarter to Jan. 2 rose to $385 million, or 59 cents a share, from $360 million, or 42 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share slipped to 86 cents from 91 cents, but below the FactSet consensus of 89 cents. Sales rose 7.5% to $3.46 billion, but came up shy of the FactSet consensus of $3.51 billion. Europe showed the strongest growth with sales rising 15%, led by cereal. North America sales rose 8%, as strength in retail channel sales helped offset weakness in away-from-home channels. For 2021, the company expects adjusted EPS to rise about 1%, while the current FactSet EPS consensus of $3.96 implies a 0.8% decline. The stock has dropped 11.4% over the past three months through Wednesday, while the SPDR Consumer Staples Select Sector ETF has eased 1.4% and the S&P 500 has gained 9.4%.
3:16 a.m. Feb. 11, 2021 - By Tomi Kilgore
Molson Coors stock sinks after profit, revenue miss as Europe weakness weighsShares of Molson Coors Beverage Co. sank 3.1% in premarket trading Thursday, after the beer brewer reported a fourth-quarter adjusted profit and sales that missed expectations, weighed by weakness in Europe amid further on-premise restrictions in the U.K. amid a surge in COVID-19 cases. On a net basis, the company swung to a net loss of $1.37 billion, or $6.32 a share, from income of $163.7 million, or 75 cents a share, in the year-ago period. Excluding nonrecurring items, such as a $1.5 billion Europe goodwill impairment charge, adjusted earnings per share declined to 40 cents from $1.02, missing the FactSet consensus of 77 cents. Sales fell 7.7% to $2.29 billion, below the FactSet consensus of $2.41 billion, as North America sales slipped 0.8% while Europe sales tumbled 37.2%. For 2021, the company expects sales growth in the mid-single digit percentage range, when excluding current impacts. "While uncertainty and on-premise challenges remain, particularly in Europe, we anticipate 2021 to be a year of both top-line growth, as we begin to benefit from the early successes of our revitalization plan, and of investment, as we continue to drive toward long-term revenue and underlying EBITDA growth," said Chief Financial Officer Tracey Joubert. The stock has run up 15.6% over the past three months through Wednesday, while the S&P 500 has gained 9.4%.
2:16 a.m. Feb. 11, 2021 - By Tomi Kilgore
PepsiCo stock edges up after profit and revenue top forecasts, dividend raised by 5%Shares of PepsiCo Inc. edged up 0.1% in premarket trading Thursday, after the beverage and snack company reported fourth-quarter profit that topped expectations, revenue that rose above forecasts and raised its dividend. Net income rose to $1.85 billion, or $1.33 a share, from $1.77 billion, or $1.26 a share, in the year-ago period. Excluding nonrecurring items, core earnings per share grew to $1.47 from $1.45, above the FactSet consensus of $1.46. Revenue increased 8.8% to $22.46 billion, beating the FactSet consensus of $21.80 billion. In North America, Frito-Lay revenue rose 5.7% to $5.44 billion, just shy of the FactSet consensus of $5.48 billion; Quaker Foods revenue increased 8.3% to $836 million, above expectations of $808.4 million; and PepsiCo Beverages revenue grew 8.6% to $6.79 billion, beating forecasts of $6.60 billion. Latin America revenue fell 5.2% to $2.41 billion, but beat expectations of $2.29 billion, while Europe revenue rose 3.8% to $4.04 billion to top forecasts of $3.93 billion. "We ended the year on a strong note with our global beverage business having accelerated while our global snacks and food business remained resilient in the fourth quarter," said Chief Executive Ramon Laguarta. Separately, the company raised its annual dividend by 5%, to $4.30 a share from $4.09 a share, effective with the dividend to be paid in June. The stock has lost 4.3% over the past three months through Wednesday, while the S&P 500 has gained 9.4%.
8:18 a.m. Feb. 10, 2021 - By Michael Ashbaugh
Bull trend pauses: S&P 500, Nasdaq digest breaks to uncharted territory Focus: Industrial sector’s breakout attempt, Zoom Video and McDonald’s signal trend shifts, XLI, XM, MCD, SWKS, HOLXU.S. stocks are mixed early Wednesday, treading water after a generally strong batch of quarterly earnings reports and ahead of scheduled remarks by the Federal Reserve Chairman. Against this backdrop, each big three U.S. benchmark is digesting its latest break to record territory amid thus far muted mid-week selling pressure.
8:08 a.m. Feb. 4, 2021 - By Michael Ashbaugh
Charting bullish follow-through: S&P 500, Nasdaq challenge record closes Focus: Crude oil extends February breakout, Alphabet’s earnings-fueled spike, USO, GOOGL, APPN, GOGO, FANGU.S. stocks are higher early Wednesday, rising as the major benchmarks build on a strong February start. In the process, the S&P 500 and Nasdaq Composite have challenged their respective record closes — S&P 3,855 and Nasdaq 13,636 — as they vie to register their latest records. Both benchmarks have extended a bullish reversal from relatively well-defined support.
8:06 a.m. Feb. 3, 2021 - By Michael Ashbaugh
Charting a bullish reversal, S&P 500 nails the breakdown point Focus: Retail sector asserts cooling-off phase, Homebuilders hold the breakout point, XRT, XHB, CYBR, KMX, SWIR, WIXU.S. stocks are mixed early Wednesday, treading water after a solid batch of quarterly earnings reports and economic data. Against this backdrop, the S&P 500 has extended its rally from major support, rising to challenge its breakdown point (3,830).
8:11 a.m. Jan. 29, 2021 - By Michael Ashbaugh
Charting a corrective bounce: S&P 500 stalls at the breakdown point Focus: Semiconductor sector tests key trendline, Microsoft sustains earnings-fueled breakout, SMH, MSFT, COF, APTV, NTAPU.S. stocks are firmly lower early Friday, pressured to conclude previously constructive January price action. Against this backdrop, each big three benchmark has pulled in to this week’s second test of notable support. The response to each area, and Friday’s monthly close, will likely add color.
12:35 p.m. Jan. 28, 2021 - By Mark DeCambre
Dow rebounds day after short-selling sparked selloff helped lead to worst drop in 3 months; GameStop, AMC get poundedU.S. stock indexes ended higher Thursday afternoon, but off the best levels of the session, as investors focused on earnings reports and economic data following steep losses for major indexes on high trading volumes on Wednesday. Investors continued to monitor volatile trading in shares of GameStop Corp. that underlined concerns about speculative excess. The Dow Jones Industrial Average [: DJIA] rose around 300 points, or 1%, at 30,603, the S&P 500 index gained 1% to 3,787, but finished off its best level around 3,830, while the Nasdaq Composite Index closed 0.5% higher at 13,337, but also off its intraday peak at 13,508. All closing levels are based on preliminary levels. Markets focused on a raft of earnings on Thursday as well as economic updates on gross domestic product and jobless claims, which momentarily overshadowed the action in GameStop and AMC Entertainment Holdings [: AMC], among a batch of stocks that have been the talk of Wall Street as Main Street , as they are the center of a battle between professional investors betting that shares of those stocks will fall in value and average investors attempting to push the value of those heavily shorted companies ever-higher. On Thursday, shares of GameStop sank 44% on Thursday but are still holding onto a nearly 200% gain so far this week. Those for AMC ended down 57% and are up 146% so far this week. A reading of those seeking initial jobless claims in the week ended Jan. 23, fell by 67,000 to a seasonally adjusted 847,000, marking the lowest level in three weeks, but layoffs were still high early in 2021 as the economy wrestled with a winter surge in the coronavirus. Separately, a report on U.S. economic growth, or GDP, showed that the economy grew at a modest 4% annual pace in the final three months of 2020.
8:00 a.m. Jan. 27, 2021 - By Michael Ashbaugh
Charting an intraday downdraft, S&P 500 retests near-term support (3,764) Nasdaq maintains gap support, Small- and mid-cap benchmarks retest near-term floorsU.S. stocks are firmly on the defensive early Wednesday, pressured after a mixed batch of quarterly earnings reports, and ahead of the Federal Reserve’s latest policy directive, due out this afternoon. Against this backdrop, the S&P 500 has ventured under its breakout point (3,826), pulling in to an initially successful retest of familiar near-term support (3,764).
10:33 a.m. Jan. 25, 2021 - By Ciara Linnane
Biden to reinstate travel bans amid fears about new variants as global case tally heads toward 100 million Dr. Fauci says Johnson & Johnson’s one-dose vaccine could bet emergency use authorization within two weeksThe global tally of confirmed cases of the coronavirus-borne illness COVID-19 headed closer to 100 million on Monday with the U.S. accounting for a quarter of that total, as President Joe Biden prepared to reinstate travel restrictions against foreign citizens visiting the U.S. from Brazil, the U.K, Ireland and much of the rest of Europe, as well as South Africa.
8:14 a.m. Jan. 25, 2021 - By Michael Ashbaugh
Charting mixed follow-through: Nasdaq extends to latest record high Focus: Transports hold the breakout point, Netflix digests earnings-fueled spike, IYT, NFLX, IP, AKAM, CMIU.S. stocks are mixed early Monday, vacillating ahead of this week’s full slate of quarterly earnings reports. Against this backdrop, the Nasdaq Composite has extended its prevailing statistically unusual breakout — tagging another record high — while the S&P 500 has pulled in to a shaky intraday retest of its breakout point (3,826).
5:35 a.m. Jan. 25, 2021 - By Mark DeCambre
Nasdaq touches record high but Dow lags in Monday morning trade as investors brace for busiest week of earningsStock indexes traded mixed Monday, with tech-related shares surging ahead of a busy week of earnings that features results from tech giants Apple Inc. , Tesla Inc. and Facebook Inc. . The Dow Jones Industrial Average [: DJIA] was down 0.3% at 30,903, the S&P 500 index was trading 0.3% at 3,854, while the Nasdaq Composite Index advanced 1.2% to a record intraday high at around 13,714. Large-cap tech-related companies have been the big winners of the COVID-19 pandemic, thriving from the stay-at-home environment, which has also accelerated a number of positive tech trends.
8:25 a.m. Jan. 22, 2021 - By Michael Ashbaugh
Charting a bull-trend pullback: S&P 500 retests the breakout point Focus: Solar sector sustains 2021 breakout, Apple tags record close amid stealth breakout attempt, TAN, AAPL, MGA, DE, MDCU.S. stocks are lower early Friday — though off the session’s worst levels — pressured amid virus concerns, and a not well-received batch of influential earnings reports. Against this backdrop, the S&P 500 and Nasdaq Composite continue to digest respectable mid-week rallies to record territory, against an otherwise bullish bigger-picture backdrop.
7:56 a.m. Jan. 20, 2021 - By Michael Ashbaugh
Charting bull-flag breakouts: S&P 500, Nasdaq tag record highs Focus: Health care sector vies to extend January breakout, XLV, MCHP, AXP, UBER, SLBU.S. stocks are firmly higher early Wednesday, rising amid Inauguration Day and following a solid batch of quarterly earnings reports. Against this backdrop, the S&P 500 and Nasdaq Composite have staged bull-flag breakouts, rising to tag their latest record highs.
5:36 a.m. Jan. 19, 2021 - By Tomi Kilgore
FedEx to cut up to 6,300 jobs in Europe, pay up to $575 million in severanceShares of FedEx Corp. after the package delivery company said it will cut between 5,500 and 6,300 jobs in Europe as it nears the completion of the network integration of TNT Express. FedEx's stock rose 1.4% in morning trading. The cuts will be across operational teams and back-office functions. FedEx expects to pay severance in the range of $300 million to $575 million in cash as a result of the job cuts, which charged expected to be incurred through fiscal 2023. Annualized savings from the cuts are expected to be between $275 million and $350 million, starting in fiscal 2024. FedEx's stock has dropped 9.2% over the past three months, while the Dow Jones Transportation Average has advanced 11.6% and the Dow Jones Industrial Average has gained 10.0%.
5:33 a.m. Jan. 19, 2021 - By Mark DeCambre
Dow kicks off trade 200 points higher Tuesday as investors focus on Biden inauguration, Yellen confirmation hearingU.S. stock benchmarks Tuesday morning rose on the first trading day after a holiday-shortened week, a day ahead of the inauguration of President-elect Joe Biden and as fourth-quarter earnings season kicks into higher gear. Investors are awaiting testimony from Janet Yellen, the former Fed chair nominated by Biden to head the Treasury, who is scheduled to testify at her confirmation hearing speak before the Senate Finance Committee at 10 a.m. Eastern, while market participants also are parsing quarterly results from Goldman Sachs Group and Bank of America among others. The Dow Jones Industrial Average rose 213 points, or 0.7%, at 31,030, the S&P 500 index climbed 0.7% to 3,796, while the Nasdaq Composite Index climbed 1% at 13,127.
7:59 a.m. Jan. 15, 2021 - By Michael Ashbaugh
Charting a (modest) market downturn, S&P 500 retests 20-day average Focus: Materials digest decisive January breakout, XLB, QCOM, ALK, CVX, RUNU.S. stocks are on the defensive early Friday, pressured amid a sell-the-news response to President-elect Joe Biden’s $1.9 trillion stimulus proposal, and after a mixed batch of quarterly earnings reports. The early downturn punctuates largely sideways week-to-date price action, and has thus far inflicted limited damage in the broad sweep.
10:22 a.m. Dec. 10, 2020 - By Ciara Linnane
U.S. sets record one-day death toll from coronavirus as FDA committee meets to review Pfizer–BioNTech vaccine FDA head says initial assessment is ‘this is a vaccine that does meet our criteria. ... But we do want to hear from the vaccine advisory committee.’The U.S. set fresh records for single-day fatalities from the coronavirus illness COVID-19 and hospitalizations, as a U.S. regulatory advisory committee gathered to offer its verdict on the vaccine developed by Pfizer Inc. and its German partner BioNTech SE.
10:26 a.m. Dec. 9, 2020 - By Ciara Linnane
U.S. coronavirus case tally climbs to 15 million from 14 million in just five days U.S. sets fresh record for COVID-19 hospitalizations; Angela Merkel pleads with Germans to limit gatherings during holidaysThe global case tally for the coronavirus illness COVID-19 climbed above 68 million on Wednesday and the U.S. tally rose above 15 million as the virus continued to race across the nation, filling hospitals with record numbers of patients
4:36 p.m. Dec. 8, 2020 - By Ciara Linnane
U.S. suffers deadliest week from coronavirus since pandemic broke out A group of doctors and scientists urge leaders to follow the science and stop the misinformation that has undermined the U.S. response to the crisisThe U.S. has set another grim milestone in the coronavirus pandemic, averaging the most deaths from COVID-19 in a week since the start of the outbreak, as cases continue to rise across the country and hospitals fill with patients
11:00 a.m. Dec. 4, 2020 - By Ciara Linnane
CDC forecasts up to 19,500 deaths from COVID-19 in week ending Dec. 26 ‘People were less willing to change their behavior than any other day during the pandemic,’ data analyst says of Thanksgiving DayThe U.S. set yet another record for new cases and fatalities in a single day from the coronavirus illness COVID-19 and the nation’s leading public health agency said there could be up to 19,500 deaths in the week ended Dec. 26.
8:03 a.m. Dec. 4, 2020 - By Michael Ashbaugh
Charting bullish follow-through, S&P 500 approaches 3,700 mark Focus: Airlines tag nine-month highs, Boeing extends recovery attempt, FedEx breakout attempt ahead of earnings, JETS, BA, FDX, DDS, SIMO, CALU.S. stocks are higher early Friday, rising after a lackluster monthly jobs report strengthened the case for fiscal-stimulus measures. Against this backdrop, each big three U.S. benchmark has extended its December breakout, rising to tag nominal new record highs.
1:12 p.m. Dec. 3, 2020 - By Ciara Linnane
U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge December, January and February will be the ‘most difficult time in the public health history of this nation, largely because of the stress that it’s going to put on our health-care system,’ says CDC head Robert RedfieldThe U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.
10:48 a.m. Dec. 2, 2020 - By Ciara Linnane
U.S. COVID-19 death toll tops 272,000 as CDC pushes ahead with plans for expected vaccine rollout U.K. grants emergency-use authorization to Pfizer and partner BioNTech’s vaccine candidate, but many hurdles remainThe U.S. set a fresh record for hospitalizations with the coronavirus illness COVID-19 on Wednesday and the death toll climbed above 272,000, as the nation’s main public health agency pushed ahead with planning for an expected vaccine rollout.
10:50 a.m. Dec. 1, 2020 - By Ciara Linnane
U.S. is heading for 100,000 COVID-19 patients in hospitals as experts worry about a coming Thanksgiving travel spike ‘What happened during Thanksgiving is a lot like a 100-mile-an-hour wind going into a forest fire,’ says epidemiologist Michael OsterholmThe U.S. set a record for hospitalizations with the coronavirus illness COVID-19 on Tuesday at almost 100,000 patients and health experts worried that the situation will worsen in the coming weeks after millions traveled across the country for the Thanksgiving holiday.
11:47 a.m. Nov. 25, 2020 - By Jack Denton
The U.K. is increasing the minimum wage. How does it compare with the U.S. and rest of the world?Chancellor Rishi Sunak sets out his spending review warning the economy will contract by 11.3% — the largest drop in more than three centuries.
10:55 a.m. Nov. 25, 2020 - By Ciara Linnane
Hospital workers called exhausted as U.S. records highest number of COVID deaths since May Parts of Europe are reporting declining cases and Sicily has asked Cuba to send doctors and nursesThe U.S. recorded the highest number of deaths from the coronavirus illness COVID-19 since May on Tuesday, and continues to average close to 200,000 new cases a day, with hospitals across the nation reporting exhausted health care workers and steadily filling intensive care units.
7:32 a.m. Nov. 21, 2020 - By Ciara Linnane
U.S. moves closer to 200,000 daily COVID cases; Birx and Fauci urge Americans to follow safety measures over Thanksgiving Fauci at press briefing: ‘If you’re fighting a battle, and the cavalry is on the way, you don’t stop shooting. You keep going until the cavalry gets here.’The global case tally for the coronavirus illness COVID-19 climbed above 57 million on Friday, and the U.S. moved closer to 200,000 cases in a day and set a fresh record for hospitalizations as the virus continues to infect people in every state and region.
7:57 a.m. Nov. 19, 2020 - By Michael Ashbaugh
Charting a bull-trend pullback, S&P 500 ventures under first support Focus: Airlines sustain vaccine-fueled technical breakout, Target tags record highs, JETS, TGT, HLT, JCI, METU.S. stocks are mixed early Thursday, vacillating after a lackluster batch of economic data and amid renewed concerns over pending economic lockdowns. Against this backdrop, the S&P 500 and Dow industrials have extended a thus far relatively orderly pullback from Monday’s record closes.
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