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US Stocks Down More Than 2% After April Inflation Spikes to Multi-Year High
5:17PM ET 5/12/2021 MT Newswires

US stocks ended sharply lower Wednesday after government data showed consumer inflation rose to its highest rate in nearly 13 years, stoking fears that a...

US Weekly Rail Traffic Jumps 27%, Led Higher by Coal, Metallic Ores
3:39PM ET 5/12/2021 MT Newswires

Rail traffic in the US jumped almost 27% year-over-year in the seven days that ended on May 8, according to the Association of American Railroads. Volume...

Palantir, Telos Stand to Gain as US Plays Defense After Colonial Pipeline Hack, Wedbush Says
3:05PM ET 5/12/2021 MT Newswires

The Colonial Pipeline computer hack is the latest wakeup call for guardians of critical US infrastructure as attacks increase at "an eye-popping rate" and...

FuboTV Likely to Gain From Over-The-Top Service, Online Sports Betting Shift, Oppenheimer Says
2:27PM ET 5/12/2021 MT Newswires

FuboTV (FUBO) is likely to gain from the industry-wide shift to over-the-top streaming services and online sports betting after reporting improved results...

Wolverine World Wide Beats First-Quarter Sales Estimates Despite Supply Snags; Stock Down 10% After Earnings Gain Falls Short of Street View
1:46PM ET 5/12/2021 MT Newswires

Wolverine World Wide (WWW) beat first-quarter sales expectations and raised its annual guidance amid strong demand for its running shoes and work boots on...

Mortgage Applications Rise But Low Inventory, High Prices Will Continue to Affect Housing Market Activity, MBA Says
1:26PM ET 5/12/2021 MT Newswires

Mortgage applications rose last week but low inventory and high prices will continue to affect the housing market activity, the Mortgage Bankers...

Stocks Battered Midday, Treasury Yields Jump on Inflation Fears
1:01PM ET 5/12/2021 MT Newswires

Shares fell broadly in midday trading on Wednesday while US Treasury yields jumped following a pop in inflation data last month that could force a shift in...

US Crude Inventories Decline For Second Straight Week as Oil Prices Push Higher on Demand Signs
12:37PM ET 5/12/2021 MT Newswires

Inventories of commercial crude in the US slid for the second straight week through May 7, according to data from the US government, while prices for the...

Wix.com Shares Slump on Tempered Outlook After First-Quarter Beat Amid Rapid Growth
12:07PM ET 5/12/2021 MT Newswires

Wix.com (WIX) posted first-quarter results above analyst estimates and said it expects continued strong growth amid the economic recovery from the COVID-19...

Lumentum Issues Downbeat Guidance Amid Mixed Segment Outlooks Even as Fiscal Third-Quarter Results Rise
11:41AM ET 5/12/2021 MT Newswires

Lumentum (LITE) issued guidance for the fiscal fourth quarter below Wall Street's expectations on Wednesday on views for "moderate" growth in some markets,...

Market Update

Close Update: US Stocks Down More Than 2% After April Inflation Spikes to Multi-Year High
4:34PM ET 5/12/2021 MT Newswires
US stocks ended sharply lower Wednesday after government data showed consumer inflation rose to its highest rate in nearly 13 years, stoking fears that a shift in interest rate policy may come sooner than p... Read more