News
Important Only
LIVE MARKETS-Bartels sees S&P 500 ending next year at 7,500 with tech leading
Main US indexes advance; Dow up ~1.5%All S&P 500 sectors green; Healthcare out frontDollar, gold flat; crude, down ~2%, bitcoin down ~3%US 10-Year Treasury yield down to ~4.07%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts w...Reuters
Fri, Nov 21
Merck up after FDA approves combination treatment for muscle invasive bladder cancer
Shares of drugmaker Merck MRK.N up 5.4% at $100.1 U.S. FDA says it has approved Merck's combination therapy to treat muscle invasive bladder cancer Merck's Keytruda in combination with enfortumab vedotin-ejfv, developed by Astellas Pharma 4503.T and Seagen, now acquired by Pfizer PFE.N, is a...Reuters
Fri, Nov 21
Doximity rises after Raymond James upgrades to 'strong buy'
Shares of telehealth company Doximity up 8.8% at $50.47Raymond James upgrades to "strong buy" from "outperform" rating; PT at $65Brokerage sees potential from AI monetization and possible shifts toward direct-to-consumer for healthcare providers, which could support ab...Reuters
Fri, Nov 21
Alphabet shares rally; Italy closes antitrust probe
Alphabet's GOOGL.O shares up 2.5% to $296.73 on Friday; rounding off a big news week for the company, Italy's competition authority closed a probe over alleged unfair commercial practices in the use of personal dataGOOGL shares hit 3 intraday record highs this week following the launch of th...Reuters
Fri, Nov 21
Precious metals miners gain on US rate cut bets
Shares of gold miners rise, tracking rising prices of the metals GOL/Spot gold XAU= 0.13% at $4,082.79/ounce, after falling more than 1% earlier in the session; bullion has dipped 0.5% this weekGold prices rise as traders boosted bets on a December U.S. interest rate cut following dovish Fed comment...Reuters
Fri, Nov 21
FTSE 100 closes higher on Fed rate cut hopes; UK budget looms
FTSE 100, FTSE 250 log weekly lossesReeves is expected to raise taxes next weekASOS shares drop on lower profit forecast Nov 21 (Reuters) - London's FTSE 100 recovered ground on Friday, trimming earlier losses as increased expectations for Federal Reserve interest rate cuts improved globa...Reuters
Fri, Nov 21
US STOCKS-Wall St swings higher as markets bet on December interest rate cut
Indexes up: Dow 1.42%, S&P 500 1.23%, Nasdaq 1.12%Lilly becomes first drugmaker to join trillion-dollar clubIntuit gains after Q2 revenue growth tops estimatesBy Shashwat Chauhan and Pranav Kashyap Nov 21 (Reuters) - Wall Street's main indexes gained on Friday as traders boosted bets on a...Reuters
Fri, Nov 21
Oracle leads tech sell-off on worries about AI
Shares in Oracle ORCL.N down more than 5% eying biggest two-day sell-off since late October, leading Friday's losers in the S&P 500 technology index .SPLRCT as the software company appeared caught in crosshairs of Alphabet-OpenAI square-offLatest sign of jitters that recent gains artificial ...Reuters
Fri, Nov 21
Eli Lilly hits record, becomes 1st drugmaker to hit $1 trln market value
Shares of Eli Lilly LLY.N hit a record high of $1,061.98 on Fri and the company became the first drugmaker to hit $1 trillion in market value The stock was last up 1.6% at $1,060.04LLY shares are up ~37% for the YTD, compared with a roughly 13% gain in the S&P 500 .SPX, with the surge in popular...Reuters
Fri, Nov 21
QUOTES-Lilly becomes first healthcare firm to join trillion-dollar club, Wall Street reacts
Nov 21 (Reuters) - Eli Lilly LLY.N hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.Here are some reactions to Lilly joining the trillion dollar club: MARK PRESKETT, SE...Reuters
Fri, Nov 21
LIVE MARKETS-Individual investors fret over market concentration in Big Tech - AAII
Main US indexes advance; Dow up >1.5%All S&P 500 sectors green; Materials out frontEuro STOXX 600 index off ~0.3%Dollar ~flat; gold edges up; crude, bitcoin both down ~2%US 10-Year Treasury yield edges down to ~4.08%Welcome to the home for real-time coverage of markets brought to you by Reute...Reuters
Fri, Nov 21
Musk's X recovers for most US users after brief outage, Downdetector shows
Nov 21 (Reuters) - Elon Musk's X recovered for most U.S. users after a brief outage on Friday, according to Downdetector.com, just days after the social media platform was hit by a disruption linked to Cloudflare's network.There were less than 500 reports of issues with the platform as of 11...Reuters
Fri, Nov 21
New Fortress Energy tumbles on quarterly loss as high interest costs deepen debt woes
Shares of U.S. LNG company New Fortress Energy NFE.O down 17.2% at $1.20 in afternoon tradingCompany posts Q3 net loss of $293.4 million, compared to a profit of $11.3 million a year earlier Q3 interest expenses triple to $210.6 million from $71.1 million a year earlierNFE says in a filing that its ...Reuters
Fri, Nov 21
QUOTES-Lilly becomes first healthcare firm to join trillion-dollar club, Wall Street reacts
Nov 21 (Reuters) - Eli Lilly LLY.N hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.Here are some reactions to Lilly joining the trillion dollar club: GEOFF MEACHAM, AN...Reuters
Fri, Nov 21
Esperion rises as partner launches cholesterol drug in Japan
Shares of drug developer Esperion ESPR.O rise 7% to $3.15 during afternoon trading Co says it will receive a $90 million payment after its Japanese partner, Otsuka Pharmaceutical, launched cholesterol-lowering drug Nexletol in Japan.Otsuka received national approval to sell Nexletol for patients wit...Reuters
Fri, Nov 21
LIVE MARKETS-Friday data: Business activity expands, consumer sentiment wallows below COVID-era levels
All three major U.S. stock indexes turn green; Dow out frontMaterials leads S&P 500 sector gainers; Tech sole declinerEuro STOXX 600 index off ~0.4%Dollar edges up; gold ~flat; crude down ~2%; bitcoin down >4%US 10-Year Treasury yield dips to ~4.07%Welcome to the home for real-time coverage o...Reuters
Fri, Nov 21
U.S. homebuilders climb as rate-cut bets jump
Shares of interest-rate sensitive homebuilders climb on Fri as rate-cut hopes increaseOdds that the Fed cuts interest rates by 25 basis points at its next meeting in Dec jump to about 75%, up from 39% on Thurs, according to the CME's FedWatch ToolS&P 1500 Homebuilding index .SPCOMHOME up 5.4...Reuters
Fri, Nov 21
Lilly becomes first drugmaker to hit $1 trillion valuation on weight-loss demand
By Mrinalika Roy Nov 21 (Reuters) - Eli Lilly LLY.N hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse. A more than 35% rally in the company's stock this year has l...Reuters
Fri, Nov 21
United Bankshares rises after unveiling buyback program
Regional lender United Bankshares' UBSI.O shares rise 4% to $37.18UBSI unveils plan to repurchase up to 5 million shares, or 3.6% of its outstanding sharesRepurchases may be made through open market and privately negotiated transactions UBSI purchased 1.1 million shares between October 1 and Nov...Reuters
Fri, Nov 21
European arms makers retreat as Ukraine peace plan gains traction
Defence shares drop as much as 3.9%Washington presents Kyiv with 28-point peace planGermany's Renk down 8%By Anna Pruchnicka Nov 21 (Reuters) - European defence shares fell on Friday to their lowest since late August, as reports about a U.S.-backed deal to end the war in Ukraine hit one of th...Reuters
Fri, Nov 21
