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Stocks Rally as Data Points to Recovery as COVID-19 Cases Rise in Most States
4:33PM ET 7/06/2020 MT Newswires

Stocks rallied on Monday as data showed signs of a recovery as the economy continues to recover from the continuing COVID-19 pandemic. The market's three...

Dow Expects Sale of Six Rail Infrastructure Assets to Watco to Net $310 Million
2:01PM ET 7/06/2020 MT Newswires

Dow (DOW) expects to book proceeds of more than $310 million from the sale of six rail infrastructure assets in North America, the materials-science company...

Regeneron to Start Late-Stage Trial of COVID-19 Cocktail Treatment REGN-COV2 Amid Mounting Cases
1:57PM ET 7/06/2020 MT Newswires

Regeneron Pharmaceuticals (REGN) will begin late-stage clinical trials of a drug cocktail it's developing to treat COVID-19, a move that comes as infection...

Crown Castle Needs to Refocus Efforts to 5G Deployment, Elliott Management Says
12:53PM ET 7/06/2020 MT Newswires

Crown Castle International (CCI) has trailed its competitors in the cell-tower industry by a wide margin due to "consistent underperformance" in the...

Stocks Spring Higher as US Services-Sector Activity Strengthens; Nasdaq Charges Up 2%
12:28PM ET 7/06/2020 MT Newswires

US stocks on Monday advanced, with momentum aided by signs of recovery in the embattled services sector, a key driver in the world's largest economy as it...

Services Sector Shows Recovery Signs as June Measures Jump Amid US COVID-19 Reopenings
11:28AM ET 7/06/2020 MT Newswires

The US services sector showed signs of recovery from the COVID-19 pandemic in two separate readings on Monday as businesses continued to reopen, although a...

Uber to Acquire Postmates in $2.65 Billion in All-Stock Deal, Wedbush Says Move Is 'Smart Strategic Fit'
10:02AM ET 7/06/2020 MT Newswires

Uber Technologies (UBER) on will acquire food-delivery company Postmates in an all-stock deal worth $2.65 billion, the companies said on Monday. The San...

Equities Advance in Early Monday US Trading as Financials, Energy Shares Firm After Holiday Weekend
9:58AM ET 7/06/2020 MT Newswires

Stocks rallied in early trading on Monday as investors returned from the Independence Day long weekend in a buying mood even with worries about the impact...

Sally Beauty Sees Strong Demand in Reopened Stores With Fiscal Third-Quarter Revenue Seen Above Predictions
9:21AM ET 7/06/2020 MT Newswires

Sally Beauty (SBH) said on Monday it's been seeing "strong demand" in stores that have reopened after COVID-19 shutdowns, with sales for the just-ended...

Dominion Energy Offloads Natural Gas Assets to Buffett's Berkshire While Scrapping $8 Billion Pipeline Project With Duke
9:02AM ET 7/06/2020 MT Newswires

Dominion Energy (D) said it would sell natural gas transmission and storage assets to Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) in a deal valued at...

Market Update

Close Update: US Stocks Surge, Nasdaq Hits New Record as Chinese Stocks Rally; Amazon Stock Climbs Over $3,000 Mark
4:59PM ET 7/06/2020 MT Newswires
US stocks opened the week on a high amid a strong rally in Chinese stocks and a surprise improvement in a services sector gauge, while Amazon (AMZN) rose to more than $3,000, helping the Nasdaq Composite br... Read more