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 story : Blue Apron shares slide 26% premarket after it prices 4.7 million secondary share offering #FinanceUSA #StockMarketNEWS Shares of meal-kit provider Blue Apron Inc. slid 26% in premarket trade Wednesday,

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Blue Apron shares slide 26% premarket after it prices 4.7 million secondary share offering #FinanceUSA #StockMarketNEWS
Shares of meal-kit provider Blue Apron Inc. slid 26% in premarket trade Wednesday, after the company priced a dilutive stock offering of 4.7 million shares at a discount of .25 per share. The offering raised roughly million after expenses. The stock closed Tuesday at .53. The company has granted underwriters the option to purchase an additional up to 705,900 shares over a 30-day period. Canaccord acted as sole underwriter on the deal. Blue Apron shares are down 1% in the year through Tuesday's close, while the S&P 500 has gained 13%.


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 story : CDC reclassified 'Delta' variant as one of concern #FinanceUSA #StockMarketNEWS The Centers for Disease Control and Prevention reclassified the Delta variant as one of concern, underscoring how much

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CDC reclassified 'Delta' variant as one of concern #FinanceUSA #StockMarketNEWS
The Centers for Disease Control and Prevention reclassified the Delta variant as one of concern, underscoring how much more prevalent the B.1.617.2 variant first identified in India is becoming in the U.S. The variant was previously considered a variant of interest, a less concerning categorization; other variants of concern are the B.1.1.7 or Alpha, the B.1.351 or Beta, the P.1 or Gamma, and two others. The Delta variant made up less than 5% of cases in each state, as of May 22, which is the most recent data available on the CDC's website. However, Dr. Anthony Fauci, chief medical advisor to President Joe Biden, earlier this month said this variant seems to be more transmissible than the Alpha variant and may carry a higher risk of getting sicker and ending up in the hospital if someone gets infected with this variant.


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 story : U.S. to buy another 200 million doses of Moderna's COVID-19 vaccine #FinanceUSA #StockMarketNEWS Shares of Moderna Inc. were down 1.2% in premarket trading on Wednesday after the company said the

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U.S. to buy another 200 million doses of Moderna's COVID-19 vaccine #FinanceUSA #StockMarketNEWS
Shares of Moderna Inc. were down 1.2% in premarket trading on Wednesday after the company said the U.S. has agreed to buy an additional 200 million doses of its COVID-19 vaccine. This agreement includes the option to purchase other COVID-19 vaccine candidates that Moderna is developing. This could include booster shots, Moderna executives said in a news release. In total, the U.S. has ordered 500 million doses of the company's mRNA vaccine. Moderna's stock has soared 92.9% this year, while the S&P 500 is up 13.0%.


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 story : Regeneron says its COVID-19 antibody treatment cuts the risk of death among hospitalized patients #FinanceUSA #StockMarketNEWS Shares of Regeneron Pharmaceuticals Inc. gained 0.1% in premarket trading

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Regeneron says its COVID-19 antibody treatment cuts the risk of death among hospitalized patients #FinanceUSA #StockMarketNEWS
Shares of Regeneron Pharmaceuticals Inc. gained 0.1% in premarket trading on Wednesday after the company said its COVID-19 antibody therapy cut the risk of death in patients who have been hospitalized by 20%. This is the first time clinical research has demonstrated that Regeneron's antibody treatment has improved survival for hospitalized patients. The study, which is being conducted in the U.K. in patients who have not yet developed antibodies, follows other research that showed the company's antibody treatment can improve recovery times among people with mild or moderate forms of the disease. Regeneron said it is planning to ask the Food and Drug Administration to expand the emergency-use authorization in the U.S. to include these types of patients. Regeneron's stock is up 9.2% so far this year, while the broader S&P 500 has gained 13.0%.


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 story : Albertsons hires PepsiCo vet as chief merchandising officer #FinanceUSA #StockMarketNEWS Albertsons Cos Inc. said Wednesday that Jennifer Saenz will join the grocer as chief merchandising officer,

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Albertsons hires PepsiCo vet as chief merchandising officer #FinanceUSA #StockMarketNEWS
Albertsons Cos Inc. said Wednesday that Jennifer Saenz will join the grocer as chief merchandising officer, effective July 12. Saenz was previously global chief merchandising officer and president of global foods for PepsiCo Inc. , serving in that role since 2019. She joined PepsiCo in 2005. Albertsons stock is up 12.4% for the year to date while the S&P 500 index has gained 13.1% for the period.


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 story : Kroger raises full year guidance, announces billion share buyback program #FinanceUSA #StockMarketNEWS Kroger Co. reported first-quarter net income totaling 0 million, or 18 cents per share,

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Kroger raises full year guidance, announces billion share buyback program #FinanceUSA #StockMarketNEWS
Kroger Co. reported first-quarter net income totaling 0 million, or 18 cents per share, down from .212 billion, or .52 per share, last year. Adjusted EPS was .19, down from .22 last year and ahead of the FactSet consensus for .01. Sales totaled .30 billion, down from .55 billion last year and also ahead of the FactSet consensus for .87 billion. Digital sales were up 16%, and have climbed 108% on a two-year stack basis. Identical sales without fuel fell 4.1%. The FactSet consensus was for a 6.6% decline. On a two-year stack, identical sales increased 14.9%. Kroger raised its full year adjusted EPS guidance to a range of .95 to .10 from .75 to .95 previously. The FactSet consensus is for .84. Kroger also announced a new billion share buyback program after the expiration of the previous authorization last week. Kroger stock slipped 1.4% in Thursday premarket trading, but has rallied 18.2% for the year to date. The S&P 500 index is up 12.5% for the period.


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 story : 23andMe shares slightly higher in trading debut after merger with Richard Branson SPAC #FinanceUSA #StockMarketNEWS Shares of 23andMe , the consumer genetics company that offers a home DNA test kit,

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23andMe shares slightly higher in trading debut after merger with Richard Branson SPAC #FinanceUSA #StockMarketNEWS
Shares of 23andMe , the consumer genetics company that offers a home DNA test kit, were slightly higher in their trading debut on Nasdaq Thursday, under the ticker "ME." The company came to public markets after merging with Richard Branson's special-purpose acquisition corporation, or SPAC, VG Acquisition Corp. . SPACs, or blank-check companies, raise money in an initial public offering and then have two years to acquire a business or businesses. The vehicle became extremely popular in 2020 during the pandemic and set records, although interest has dimmed in 2021. 23andMe was founded in 2006 by Anne Wojcicki, Linda Avey and Paul Cusenza and offers individuals the chance to have their genes tested, providing them with information on health risks and ancestry. Consumers can order one of the company's test kits, comprising a test tube for saliva collection that is then mailed to a laboratory for testing. The stock was last up 0.2% at .


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 story : U.S. stock market attempts to claw back gains Thursday as investors weigh hawkish Fed and punchy U.S. dollar #FinanceUSA #StockMarketNEWS U.S. stock benchmarks struggled for altitude Thursday morning,

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U.S. stock market attempts to claw back gains Thursday as investors weigh hawkish Fed and punchy U.S. dollar #FinanceUSA #StockMarketNEWS
U.S. stock benchmarks struggled for altitude Thursday morning, a day after the Federal Reserve signaled its intention to raise interest rates sooner than previously forecast and upped its forecast for inflation and economic growth. The Dow Jones Industrial Average , which closed below its 50-day moving average on wednesday for the first time since early March, was inching higher at 34,059, up 25 points, or less than 0.1%; the S&P 500 index was rising to 4,229, up 4 points, buoyed by gains in financials and consumer staples. The technology-laden Nasdaq Composite Index was trading at 14,059, up 0.1%, as rates for benchmark government debt remained somewhat buoyant, weighing on yield-sensitive sectors. On Wednesday, the Fed's median projection showed that policy makers see a lift to benchmark rates, currently at a range between 0% and 0.25%, to 0.6% by the end of 2023, sooner than they anticipated in March. Thursday's moves come as the U.S. dollar has made bullish post-Fed moves. The ICE U.S. Dollar Index , a gauge of the dollar against a half-dozen currencies, was up 0.6% at 91.69.


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 story : Gold nosedives Thursday, puts futures on the verge of worst daily drop in 7 months #FinanceUSA #StockMarketNEWS Gold futures were headed for their biggest one-day loss in about seven months Thursday,

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Gold nosedives Thursday, puts futures on the verge of worst daily drop in 7 months #FinanceUSA #StockMarketNEWS
Gold futures were headed for their biggest one-day loss in about seven months Thursday, following a hawkish turn by the Federal Reserve. August gold contracts were down 4.2% at ,784.80, which would represent the steepest percentage drop since Nov. 9, FactSet data show. The tumble comes after the Federal Open Market Committee signaled an interest rate rise soon than expected, with its forecasts suggesting two increases in 2023. And the Fed lifted its inflation forecasts for this year and next. The moves helped to jolt the U.S. dollar higher along with benchmark yields for government debt, weighing mightily on the yellow metal.


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 story : Nvidia price target boosted to Street high of 4 at Jefferies #FinanceUSA #StockMarketNEWS Shares of Nvidia Corp. are up 2.8% in Thursday morning trading after Jefferies analyst Mark Lipacis boosted

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Nvidia price target boosted to Street high of 4 at Jefferies #FinanceUSA #StockMarketNEWS
Shares of Nvidia Corp. are up 2.8% in Thursday morning trading after Jefferies analyst Mark Lipacis boosted his price target on the stock to 4 from 0. The new target is the highest listed on FactSet. Lipacis is more upbeat about Nvidia's prospects following a recent conversation with the company's chief financial officer, Colette Kress, which highlighted the potential for software licensing in the data center. "While software is mostly embedded within hardware sales today, enterprise AI software in the data center can potentially be licensed similarly to how VMware licenses its system software," Lipacis wrote. He noted that Kress said that it was possible for the company to break out software sales as a revenue line item once it becomes a meaningful portion of the business. Lipacis also relayed Nvidia's expectation that its Arm acquisition will close in the early part of 2022. "Nvidia plans to help ARM build its model beyond just mobile by bringing ARM to the data center, automotive and IoT [Internet of Things] markets," he wrote. "These progressions for ARM are viewed as not something ARM can do as effectively as a stand-alone company." Nvidia shares have gained 37% over the past three months as the S&P 500 has risen 6%.


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 story : EIA reports a weekly increase in U.S. natural-gas supplies, but data include a 'reclassification' of stocks #FinanceUSA #StockMarketNEWS The U.S. Energy Information Administration reported on Thursday

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EIA reports a weekly increase in U.S. natural-gas supplies, but data include a 'reclassification' of stocks #FinanceUSA #StockMarketNEWS
The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 16 billion cubic feet for the week ended June 11. The EIA said the data, however, included an adjustment to the week's total to account for a reclassification of some gas stocks from working gas to base gas. Working gas is the volume of gas available in the market. The "implied flow for the week is an increase of 67 bcf to working gas stocks," the EIA said. On average, analysts polled by S&P Global Platts forecast an increase of 78 billion cubic feet in natural-gas stocks. Total stocks now stand at 2.427 trillion cubic feet, down 453 billion cubic feet from a year ago and 126 billion cubic feet below the five-year average, the government said. Following the data, July natural gas was down 4.5 cents, or 1.4%, at .21 per million British thermal units. It traded at .23 shortly before the data.


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 story : CureVac tumbles 41% in premarket on COVID-19 vaccine disappointment #FinanceUSA #StockMarketNEWS Shares of CureVac fell 42% in premarket trading on Thurdsay, a day after the German biotech said its

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CureVac tumbles 41% in premarket on COVID-19 vaccine disappointment #FinanceUSA #StockMarketNEWS
Shares of CureVac fell 42% in premarket trading on Thurdsay, a day after the German biotech said its COVID-19 vaccine was 47% effective in preventing the disease. CureVac's study, conducted in 10 countries and involving 40,000 people, showed the vaccine's struggle against a "fast changing environment" of at least 29 COVID-19 variants, with the original coronavirus strain "almost completely absent." Efficacy rates were at 90% for competing candidates of CureVac's messenger RNA-based vacine from Pfizer and BioNTech and Moderna . Millions have already been vaccinated with those.


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 story : Mister Car Wash sets IPO terms that values the carwash chain at about billion #FinanceUSA #StockMarketNEWS Mister Car Wash Inc. has set terms of its initial public offering, which would value the

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Mister Car Wash sets IPO terms that values the carwash chain at about billion #FinanceUSA #StockMarketNEWS
Mister Car Wash Inc. has set terms of its initial public offering, which would value the Arizona-based carwash chain at up to .03 billion. The company is looking to raise up to 7.5 million, as it is offering 37.5 million shares in the IPO, which is expected to price between and a share. The company expects to have 296.07 million shares outstanding after the IPO. The stock is expected to list on the NYSE under the ticker symbol "MCW." BofA Securities, Morgan Stanley, Goldman Sachs and Jefferies are the lead underwriters. The company recorded net income of .3 million on revenue of 4.9 million in 2020, after income of about 0,000 on revenue of 9.5 million in 2019. The company is looking to go public at a time that the Renaissance IPO ETF has slipped 3.5% over the past three months while the S&P 500 has gained 6.3%.


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 story : 23andMe shares to start trading later Thursday on Nasdaq under ticker 'ME' #FinanceUSA #StockMarketNEWS Shares of 23andMe, the consumer genetics company that offers a home DNA test kit, will start

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23andMe shares to start trading later Thursday on Nasdaq under ticker 'ME' #FinanceUSA #StockMarketNEWS
Shares of 23andMe, the consumer genetics company that offers a home DNA test kit, will start trading on Nasdaq later Thursday, under the ticker "ME." The company will hit public markets after merging with Richard Branson's special-purpose acquisition corporation, or SPAC, VG Acquisition Corp. . SPACs, or blank-check companies, raise money in an initial public offering and then have two years to acquire a business or businesses. The vehicle became extremely popular in 2020 during the pandemic and set records, although interest has dimmed in 2021. 23andMe was founded in 2006 by Anne Wojcicki, Linda Avey and Paul Cusenza and offers individuals the chance to have their genes tested, providing them with information on health risks and ancestry. Consumers can order one of the company's test kits, comprising a test tube for saliva collection that is then mailed to a laboratory for testing.


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 story : Jazz updates 2021 guidance after closing acquisition of GW Pharmaceuticals #FinanceUSA #StockMarketNEWS Jazz Pharmaceuticals Plc updated its guidance for 2021 to reflect its acquisition of GW Pharmaceuticals

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Jazz updates 2021 guidance after closing acquisition of GW Pharmaceuticals #FinanceUSA #StockMarketNEWS
Jazz Pharmaceuticals Plc updated its guidance for 2021 to reflect its acquisition of GW Pharmaceuticals Inc., which closed in early May. Jazz now expects revenue of .02 billion to .18 billion in 2021, compared with its previous guidance (as of May 4) of .55 billion to .70 billion. The new guidance for earnings per share is a loss of .70 to .00, compared with previous guidance of .30 to .45. Guidance for adjusted EPS is .40 to .70, compared with previous guidance of .65 to .85. Jazz's stock is up 9.7% so far this year, while the broader S&P 500 has gained 12.4%.


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 story : Ford shares jump 2.4% premarket after car maker says Q2 EBIT ahead of expectations amid strong demand for new vehicles #FinanceUSA #StockMarketNEWS Ford Motor Co. shares jumped 2.4% in premarket trade

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Ford shares jump 2.4% premarket after car maker says Q2 EBIT ahead of expectations amid strong demand for new vehicles #FinanceUSA #StockMarketNEWS
Ford Motor Co. shares jumped 2.4% in premarket trade Thursday, after the car maker said it expects EBIT, or earnings before interest and taxes, to be better than it expected in the second quarter and "significantly" higher than a year ago. In a statement published ahead of an investor conference, Ford said customer reservations for four new vehicles is strong; namely the full-size Bronco SUV, battery-electric F-150 Lightning pickup, Maverick compact truck and all-electric E-Transit commercial van. Chief Executive Jim Farley will tell investors that Ford is seeing improvement in its automotive business since it offered full-year guidance on April 28, despite continued challenges and uncertainty relating to supplies of semiconductors. "The improvement in automotive is being driven by lower-than-anticipated costs and favorable market factors," Farley said in a statement. "Additionally, higher vehicle auction values are benefitting Ford Credit." Net profit for the quarter, however, is expected to be "substantially lower" than a year ago, when it was boosted by a .5 billion gain on the company's investment in Argo AI. Ford is slated to report second-quarter earnings on July 28. Shares have gained 71% in the year to date, while the S&P 500 has gained 12.5%.


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 story : Philip Morris unveils new structure for the Americas as it works toward smoke-free future #FinanceUSA #StockMarketNEWS Philip Morris International Inc. unveiled a new structure for the Americas on

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Philip Morris unveils new structure for the Americas as it works toward smoke-free future #FinanceUSA #StockMarketNEWS
Philip Morris International Inc. unveiled a new structure for the Americas on Thursday and named Deepak Mishra president of the region, replacing Martin King, who is retiring after 30 years. Mishra, who has been with the company for three years, is a former managing director at private-equity firm Centerbridge Partners LP, and has also done stints at McKinsey & Co., Procter & Gamble and Accenture . He will take up his new role on July 1. The new Americas structure will focus on building out Philip Morris' presence in Latin America and Canada as it moves toward a smoke-free future, on expanding reduced risk products in the U.S. and building a launchpad for the "beyond nicotine" strategy in the U.S. Philip Morris shares were flat premarket, but have gained 21% in the year to date, while the S&P 500 has gained 12.5%.


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 story : Coronavirus tally: Global cases of COVID-19 top 177 million and CureVac vaccine is just 47% effective #FinanceUSA #StockMarketNEWS The global tally for the coronavirus-borne illness headed above 177

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Coronavirus tally: Global cases of COVID-19 top 177 million and CureVac vaccine is just 47% effective #FinanceUSA #StockMarketNEWS
The global tally for the coronavirus-borne illness headed above 177 million on Thursday, according to data aggregated by Johns Hopkins University, while deaths climbed above 3.8 million. The U.S. continues to lead the world in total cases at 33.49 million, while deaths total 600,653. The number of fully vaccinated Americans rose to 146.5 million, or 44% of the total population, according to the latest data from the Centers of Disease Control and Prevention (CDC), with the number of U.S. adults receiving at least one dose increasing to 64.7%. There was disappointing news on the CureVac vaccine when the company said it's only 47% effective at preventing COVID, well below the more than 90% efficacy of the vaccines developed by Pfizer Inc. and BioNTech SE and Moderna Inc. , which also use mRNA technology. CureVac said that its "pivotal" study, conducted in 10 countries and involving about 40,000 people, showed the vaccine candidate's being a poor match against a "fast changing environment" of at least 29 COVID-19 variants, with the original coronavirus strain "almost completely absent." The news sent its stock down sharply premarket.
On a global basis, India is second in total cases at 29.7 million and third by fatalities at 381,903, although those numbers are expected to be undercounted given a shortage of tests. Brazil has the third-highest caseload at 17.6 million, according to JHU data, and is second in deaths at 493,693. Mexico has fourth-highest death toll at 230,624 and 2.5 million cases. The U.K. has 128,190 fatalities and 4.6 million cases, the highest number of deaths in Europe and fifth-highest in the world.


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 story : Verve Therapeutics upsized IPO prices above the expected range #FinanceUSA #StockMarketNEWS Verve Therapeutics Inc. is set to go public Thursday, after the Massachusetts-based biotechnology company's

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Verve Therapeutics upsized IPO prices above the expected range #FinanceUSA #StockMarketNEWS
Verve Therapeutics Inc. is set to go public Thursday, after the Massachusetts-based biotechnology company's upsized initial public offering priced overnight above the expected range to value the company at about 2.6 million. Verve, which focuses on genetic medicines for cardiovascular disease, said it sold 14.04 million shares in the IPO, which priced at a share, to raise 6.7 million. The company had previously expected to offer 11.8 million shares in the IPO, which was expected to price between and a share. The stock is expected to begin trading Thursday on the Nasdaq under the ticker symbol "VERV." J.P. Morgan, Jefferies, Guggenheim Securities and William Blair are the joint book-running managers. The company recorded a net loss of .7 million on no revenue in 2020, after a loss of .3 million on no revenue in 2019. Verve is going public at a time that the Renaissance IPO ETF has lost 3.5% over the past three months while the S&P 500 has gained 6.3%.


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 story : Commercial Metals stock set to rally after profit, sales rise above expectations #FinanceUSA #StockMarketNEWS Shares of Commercial Metals Co. were indicated up nearly 3% in premarket trading Thursday,

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Commercial Metals stock set to rally after profit, sales rise above expectations #FinanceUSA #StockMarketNEWS
Shares of Commercial Metals Co. were indicated up nearly 3% in premarket trading Thursday, after the steel and metal products company reported fiscal third-quarter profit and sales that rose above expectations, citing 'robust' demand given "strong" construction activity. Net income for the quarter to May 31 rose to 0.4 million, or .07 a share, from .7 million, or 54 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to .04, above the FactSet consensus of 83 cents. Sales rose 37.5% to .85 billion, beating the FactSet consensus of .72 billion. Shipment volumes of finished steel increased 9%. "Strong demand across multiple end-use markets should support robust shipment levels of finished steel during the fourth quarter in both North America and Europe," said Chief Executive Barbara Smith. "Construction activity is strong and the industrial sectors are growing in both the U.S. and Central Europe, as both regions continue to recover from the pandemic." The stock has run up 52.6% year to date through Wednesday, while the S&P 500 has gained 12.5%.


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 story : Dow ends over 260 points lower after Fed shows it expects 2 rate hikes by late 2023 #FinanceUSA #StockMarketNEWS Stocks finished with losses, but off session lows, after the Federal Reserve on Wednesday

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Dow ends over 260 points lower after Fed shows it expects 2 rate hikes by late 2023 #FinanceUSA #StockMarketNEWS
Stocks finished with losses, but off session lows, after the Federal Reserve on Wednesday signaled that policy makers expect rates to rise earlier than previously expected by penciling in two increases by the end of 2023. The Dow Jones Industrial Average fell around 264 points, or 0.8%, to end near 34,035, according to preliminary figures, after falling more than 300 points at its session low following the Fed policy statement. The S&P 500 ended around 23 points lower, down 0.5%, near 4,224, while the Nasdaq Composite shed around 33 points, or 0.2%, to close near 14,040.


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 story : U.S. oil futures eke out a slight gain #FinanceUSA #StockMarketNEWS U.S. oil futures finished slightly higher on Wednesday, barely notching their highest finish in over two and half years. Prices

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U.S. oil futures eke out a slight gain #FinanceUSA #StockMarketNEWS
U.S. oil futures finished slightly higher on Wednesday, barely notching their highest finish in over two and half years. Prices got a boost after the Energy Information Administration reported a larger-than-expected weekly decline in domestic crude inventories, but the U.S. dollar strengthened after the Federal Reserve said it may increase interest rates earlier than it previously expected, pressuring prices for dollar-denominated oil. West Texas Intermediate oil for July delivery rose 3 cents, or 0.04%, to settle at .15 a barrel on the New York Mercantile Exchange, the highest front-month contract finish since October 2018, FactSet data show. It had traded as high as .99 during the trading session.


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 story : Dow on verge of closing below 50-day moving average for first time in over 3 months after Fed decision #FinanceUSA #StockMarketNEWS U.S. stocks were headed solidly lower Wednesday afternoon as the

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Dow on verge of closing below 50-day moving average for first time in over 3 months after Fed decision #FinanceUSA #StockMarketNEWS
U.S. stocks were headed solidly lower Wednesday afternoon as the market appeared not to take a June policy statement and economic outlook as not supporting further buying in equities (or bonds for that matter). The decline put the Dow Jones Industrial Average on track to close below its 50-day moving average for the first time since March 3, according to Dow Jones Market Data. At a news conference after the Fed's statment was released, Chairman Jerome Powell said he expects that inflation will be short-lived but acknowledged that it has run hotter than the Fed anticipated and could remain persistently hot. The Fed now sees 3% core inflation, as gauged by its preferred measure personal-consumption expenditure index. The Dow was down 300 points, or 0.9%, at 33,998, with the 50-day MA at 34,179.63, according to FactSet. The Dow hasn't fallen below that average since March 3, according to Dow Jones Market Data. Moving averages are used by technical analysts to gauge short-term and long-term momentum in an asset. The S&P 500 index and the Nasdaq Composite Index also were solidly lower.


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 story : 10-year Treasury yield rises above 1.50% after Fed holds rates steady, but says inflation due to transitory factors #FinanceUSA #StockMarketNEWS Yields for government bonds on Wednesday were edging

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10-year Treasury yield rises above 1.50% after Fed holds rates steady, but says inflation due to transitory factors #FinanceUSA #StockMarketNEWS
Yields for government bonds on Wednesday were edging lower after the Federal Reserve held rates in check, as expected, but signaled that red-hot inflation is due to transitory factors. The Fed said that it wouldn't start tapering of its 0 billion a month asset purchases, which have helped to support financial markets since the height of the market's panic last year, until it sees substantial further progress in the improvement in the economy, notably the jobs market. The 10-year Treasury note yield was at 1.511, after closing yesterday at 1.498%. The 30-year Treaury bond was at 2.192%, while the 2-year Treasury note was yielding 0.185%.


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 story : Gold settles higher, then moves lower after Fed policy statement #FinanceUSA #StockMarketNEWS Gold climbed on Wednesday, with prices posting their first gain in four sessions. Gold prices then moved

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Gold settles higher, then moves lower after Fed policy statement #FinanceUSA #StockMarketNEWS
Gold climbed on Wednesday, with prices posting their first gain in four sessions. Gold prices then moved lower shortly after the Federal Open Market Committee kept its benchmark interest rate unchanged near zero, as expected, but increased its personal consumption expenditures forecasts for this year and next. August gold was at ,849.30 an ounce in electronic trading, following a settlement at ,861.40, up , or 0.3%, for the session.


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 story : Oil futures move higher as EIA reports a larger-than-expected decline in U.S. crude supplies #FinanceUSA #StockMarketNEWS The Energy Information Administration reported on Wednesday that U.S. crude

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Oil futures move higher as EIA reports a larger-than-expected decline in U.S. crude supplies #FinanceUSA #StockMarketNEWS
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 7.4 million barrels for the week ended June 11. On average, analysts polled by S&P Global Platts forecast a decline of 4.2 million barrels for crude stocks, while the American Petroleum Institute on Tuesday reported an 8.5 million-barrel decrease, according to sources. The EIA also reported that gasoline supply climbed by 2 million barrels, while distillate stockpiles fell by 1 million barrels for the week. The S&P Global Platts survey forecast that gasoline supplies would be unchanged for the week, while distillate stockpiles would edge up by 200,000 barrels. The EIA data also showed crude stocks at the Cushing, Okla., storage hub declined by 2.1 million barrels for the week. Oil prices moved higher after the data, with July West Texas Intermediate crude up 33 cents, or 0.4%, at .44 a barrel on the New York Mercantile Exchange. Futures were trading little changed at .11 before the supply data.


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 story : Dow losses deepen, benchmark down around 300 points as Fed refers to inflation's rise as transitory #FinanceUSA #StockMarketNEWS U.S. stocks saw losses gather some steam Wednesday afternoon after

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Dow losses deepen, benchmark down around 300 points as Fed refers to inflation's rise as transitory #FinanceUSA #StockMarketNEWS
U.S. stocks saw losses gather some steam Wednesday afternoon after the Federal Reserve, kept benchmark interest rates steady, as expected, but referred to inflation as transitory and said that it would need substantial further progress before tapering its asset-purchase program, which is currently running at 0 billion a month. The Dow Jones Industrial Average was down nearly 300 points, or 0.9%, at 33,999 the S&P 500 index was off 0.7% at 4,217, while the Nasdaq Composite Index was off 0.6% at 13,995.


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 story : Stocks turn mixed after opening bell as investors await Fed statement #FinanceUSA #StockMarketNEWS Stocks turned mixed after the opening ball Wednesday, as investors awaited the outcome of a Federal

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Posted in: #FinanceUSA #StockMarketNEWS

Stocks turn mixed after opening bell as investors await Fed statement #FinanceUSA #StockMarketNEWS
Stocks turned mixed after the opening ball Wednesday, as investors awaited the outcome of a Federal Reserve meeting for clues on policy makers' take on inflation and the central bank's bond-buying program and outlook for interest rates. The Dow Jones Industrial Average was down around 63 points, or 0.2%, while the S&P 500 traded on either side of unchanged. The Nasdaq Composite was up 0.1% at 14,091.36. The Fed will release a policy statement at 2 p.m. Eastern, followed by Chairman Jerome Powell's news conference at 2:30 p.m.


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 story : WalkMe shares down more than 2% in trading debut #FinanceUSA #StockMarketNEWS Shares of WalkMe Ltd. , an Israeli customer engagement platform, fell more than 2% in their trading debut Wednesday, after

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Posted in: #FinanceUSA #StockMarketNEWS

WalkMe shares down more than 2% in trading debut #FinanceUSA #StockMarketNEWS
Shares of WalkMe Ltd. , an Israeli customer engagement platform, fell more than 2% in their trading debut Wednesday, after the company's initial public offering priced at a share, compared with its proposed price range of to . The company sold 9.25 million shares to raise 6.75 before expenses. Underwriters have the option to purchase an additional 1.38 million shares. The stock is trading on Nasdaq later Wednesday under the ticker "WKME." There were nine banks underwriting the deal, led by Morgan Stanley, Goldman Sachs and Citigroup. Proceeds will be used for general corporate purposes. The Renaissance IPO ETF was up 0.6%, but has fallen 1.8% in the year to date, while the S&P 500 has gained 13%.


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 story : Dish could become 'best positioned 5G operator to actually fulfill the promise of 5G,' analyst says in upgrade #FinanceUSA #StockMarketNEWS Shares of Dish Network Corp. are up 2.6% in premarket

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Dish could become 'best positioned 5G operator to actually fulfill the promise of 5G,' analyst says in upgrade #FinanceUSA #StockMarketNEWS
Shares of Dish Network Corp. are up 2.6% in premarket trading Wednesday after Pivotal Research Group analyst Jeffrey Wlodarczak upgraded the stock to buy from hold and boosted his target price to from . Wlodarczak is upbeat about Dish's wireless opportunity as the company works to build out a 5G network. "Dish is in the process of rolling out what we view as a revolutionary cloud-native/software-driven 5G network with key partner AWS that should allow them/developers/AWS to relatively quickly develop 5G applications/services that have the potential to revolutionize wireless, particularly in enterprise markets," Wlodarczak wrote in a note to clients, referring to Amazon.com Inc.'s AWS cloud-computing platform. He argued that "naysayers" may focus on Dish's potential as a lower-cost fourth wireless carrier in the U.S. but he said that they are overlooking the company's opportunity in enterprise markets. "In our view, post the build out of DISH's first market (Las Vegas) in 2H the potential upside is likely going to become increasingly obvious to investors/telco analysts from DISH leveraging their completely unique architecture and we believe rather than simply be a dumb pipe DISH will likely participate in the revenue upside from its wireless partners," he continued. "The bottom line is that DISH, in our opinion, is the best positioned 5G operator to actually fulfill the promise of 5G which in our view is not even close to being priced in the current valuation." Shares have gained 24% so far this year as the S&P 500 has risen 13%.


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