Market Insider

Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Federal Reserve’s forecast of a slowly recovery economy and its commitment to heavy asset purchases and zero interest rates

Take a look at some of the biggest movers in the premarket: Chewy (CHWY) – Chewy posted a loss of 12 cents per share, smaller than the 16 cents a share loss that Wall Street had anticipated. The pet products retailer also reported better-than-expected revenue and gave an upbeat revenue forecast. Active customers now stand

US Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, December 19, 2018. Jim Watson | AFP | Getty Images The Fed has gotten high marks for moving aggressively to unlock credit markets and keep money moving in an unprecedented crisis. What’s next is

Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – The luxury goods retailer reported a quarterly loss of 53 cents per share, compared to a consensus estimate of a 3 cents per share profit. Revenue was also well below forecasts, with comparable-store sales falling a greater-than-expected 44%. Tiffany’s results

A Men’s Wearhouse retail store on October 9, 2013 in San Francisco, California. Getty Images Check out the companies making headlines after the bell. Stitch Fix — The online personalized styling service’s stock fell 6% in extended trading after the company released its third-quarter financial results. Stitch Fix said it had a loss of 33 cents

Take a look at some of the biggest movers in the premarket: Boeing (BA) – Seaport Global Securities initiated coverage of the jet maker with a “buy” rating and a $277 price target, saying the worst of pandemic-related risk is now priced in and that Boeing’s free cash flow could peak at a higher rate

A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading.  Lyft – Shares of the ride-hailing company jumped more than 11% after the company said that demand has begun to recover. Lyft said it

Shoppers walk out with full carts from a Costco store in Washington, D.C., on May 5, 2020. Nicholas Kamm | AFP | Getty Images Check out the companies making headlines after the bell. Cloudera – The software company’s stock fell 11% in extended trading after Cloudera provided its first-quarter earnings. The company reported first-quarter earnings

People wear their face masks waiting in line for an emergency food distribution at the 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images Millions more Americans lost their jobs in May, on top of the

Lamination operator Rosa Escamilla, 28, wears a protective mask as she works at the Emerald Packaging facility, amid the coronavirus disease (COVID-19) outbreak, in Union City, California, on May 7, 2020. Nathan Frandino | Reuters As economists scratch their heads, the surprise gain of 2.5 million jobs in May shows that markets were right to bet on

Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters Federal Reserve Chairman Jerome Powell is expected to reassure markets

Take a look at some of the biggest movers in the premarket: United Airlines (UAL), American Airlines (AAL), Delta Air Lines (DAL), Southwest Airlines (LUV), JetBlue (JBLU) – Airline stocks are extending this week’s rally this morning, as demand continues to rebound faster than expected despite being substantially below normal levels. Gap (GPS) – Gap

Interior Design area of the Restoration Hardware store in the Meatpacking District of New York.  Source: RH Check out the companies making headlines after the bell. Broadcom — Shares of the semiconductor company climbed 1% in extended trading after Broadcom released its second-quarter financial results. The company posted earnings of $5.14 per share excluding some

Take a look at some of the biggest movers in the premarket: J.M. Smucker (SJM) – The food producer reported quarterly earnings of $2.57 per share, beating the consensus estimate of $2.29 a share. Revenue also beat forecasts, driven by increased consumer demand resulting from the Covid-19 pandemic. Smucker did forecast a 1% to 2%

The bond market has caught a tiny bit of the stock market’s optimism, and it’s selling off on the idea that the economy may have hit rock bottom in April. Bond yields, which move opposite price, have been edging up, and on Wednesday they made a significant move higher off their relatively low base. The

Take a look at some of the biggest movers in the premarket: Campbell Soup (CPB) – The food producer reported quarterly earnings of 84 cents per share, 9 cents a share above estimates. Revenue also beat forecasts and Campbell raised its full-year guidance, noting an increase in demand across all its brands amid the Covid-19

A traveler wearing a protective mask waits to put a suitcase in the back of ride-sharing car displaying Lyft signage at San Francisco International Airport on Monday, May 4, 2020. Paul Morris | Bloomberg via Getty Images Check out the companies making headlines after the bell. Zoom Video — The video conferencing platform’s stock whipsawed in

People vote in the Michigan primary election at Chrysler Elementary School in Detroit, Michigan, on March 10, 2020. Jeff Kowalsky | AFP | Getty Images Some investors are placing bets that the stock market could have a massive sell-off following the election, and some analysts say it’s because of the fear of a Democrats winning

A pedestrian passes an advertising board outside a Western Union money transfer store in Athens, Greece. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell. Western Union — The money payment service’s stock rose 7% in extended trading after a report from Bloomberg Law that Western Union recently made

Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker began testing a Covid-19 experimental treatment derived from the blood of a survivor of the disease. It is the first study involving this type of drug, and comes about a month earlier than expected and ahead of