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  • on Wed Feb 22 4:03 PM

    Dow notches longest run of record closes in three decades

    MARKETWATCH

    U.S. stocks finished mostly lower on Wednesday, but that didn't stop the Dow Jones Industrial Average from posting its ninth straight record close -- its longest such streak since Jan. 20, 1987. The blue-chip gauge gained 32.60 points, or 0.2%,...
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    on Wed Feb 22 3:45 PM

    Viacom's Paramount Pictures subsidiary's CEO to step down

    MARKETWATCH

    Viacom Inc. said Wednesday that Brad Grey will step down as chairman and chief executive officer of the media company's Paramount Pictures subsidiary after 12 years at the company. Grey will remain with the company "for a period" while the search...
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    on Wed Feb 22 3:19 PM

    S&P downgrades Macy's to one notch above junk status

    MARKETWATCH

    Standard & Poor's downgraded Macy's Inc.'s ratings to the last level of investment grade Wednesday, after the department store chain's weak fourth-quarter earnings. S&P lowered the rating to BBB-minus from BBB, and removed its from CreditWatch...
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    on Wed Feb 22 3:12 PM

    Philip Morris's stock rises just briefly after new profit outlook appears like an increase

    MARKETWATCH

    Shares of Philip Morris International Inc. got just a brief boost in afternoon trade Wednesday, after the tobacco company provided a new 2017 "currency only" profit outlook. The company said it now expects 2017 earnings per share of $4.80 to...
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    on Wed Feb 22 2:41 PM

    Oil snaps 3-session rise as non-OPEC output comes into focus

    MARKETWATCH

    Crude-oil prices on Wednesday logged their first loss in four sessions, giving the previous day's gain and then some as concerns about growing output from producers outside of a pact to curtail global oversupply plagued investors. West Texas...
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    on Wed Feb 22 2:16 PM

    Gold prices get post-settlement boost after Fed minutes

    MARKETWATCH

    Gold prices jumped in electronic trading Wednesday following the release of minutes from the Federal Reserve's most recent policy meeting. Gold for April delivery traded at $1,238.30 an ounce, up $5.00, or 0.4% higher than the $1,233.30 an ounce...
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    on Wed Feb 22 2:15 PM

    U.S. dollar weakens after release of Fed minutes

    MARKETWATCH

    The U.S. dollar weakened against its major rivals on Wednesday, turning negative against both the yen and the euro after the Federal Reserve said there was considerable uncertainty surrounding fiscal policy, something investors have been looking...
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    on Wed Feb 22 2:14 PM

    Treasury yields decline after Fed minutes

    MARKETWATCH

    Treasury yields turned lower on Wednesday after minutes from the Federal Reserve's most-recent meeting revealed that some officials were waiting for more clarity about President Donald Trump's fiscal policies. Though many policy makers said they...
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    on Wed Feb 22 2:08 PM

    U.S. stocks edge lower after Fed minutes

    MARKETWATCH

    The U.S. stock market moved south after the latest Federal Reserve meeting minutes showed that "many" Federal Reserve officials expressed support for raising interest rates "fairly soon" if the economy stayed on course or strengthened. The S&P 500...
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    on Wed Feb 22 2:00 PM

    Fed minutes: 'Many' on Fed back interest rate hike 'fairly soon' if economy stays on course or strengthens

    MARKETWATCH

    "Many" Federal Reserve officials expressed support for raising interest rates "fairly soon" if the economy stayed on course or strengthened, according to minutes of their meeting earlier this month released Wednesday. But officials struggled what...
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