News 

Arconic to invest $100 million to expand hot mill capability in Tennessee, create 70 new jobs

“ARNC, +2.46% said Wednesday it is planning to invest $100 million to expand its hot mill capacity and add downstream equipment capabilities to industrial and automotive products at its Tennessee operations” writes Ciara Linnane for marketwatch.com. The company is expecting the move to create 70 new jobs and to be complete by the fourth quarter. Source: marketwatch.com

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EA stock jumps after company says Apex Legends hit 10 million players in first three days

“EA’s stock has lost 0.3% over the past three months, as the S&P 500 SPX, -0.71% has fallen 4.3%” writes Emily Bary for marketwatch.com. The stock dropped 13% in Wednesday’s session following that earnings announcement, but shares of EA and peers rallied on Thursday.EA, +14.15% are up more than 11% in Friday morning trading after the company said that its Apex Legends game logged more than 10 million players in its first 72 hours. Source: marketwatch.com

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This market can’t go sideways for long, so get ready for a breakout or breakdown

“Since its December selloff, the market has made a remarkable but questionable (more on that later) rebound to its 200-day moving average” writes Michael Sincere for marketwatch.com. In other words, first see how the market reacts as the S&P 500 straddles the 200-day moving average.One thing is for sure: The market cannot go sideways for long, so prepare for a breakout or breakdown in the near future. Source: marketwatch.com

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Stocks open modestly higher as earnings season come into focus

“Stocks rose at the opening bell on Wednesday as investors turned their attention to a raft of better-than-expected earnings from banks” writes Sunny Oh for marketwatch.com. Also giving equities a boost, the People’s Bank of China injected a record $83 billion into the country’s banks as Beijing attempts to arrest its own slowdown. Source: marketwatch.com

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Alphabet health effort Verily raises $1 billion

“GOOGL, -2.77% GOOG, -2.85% health unit Verily said late Thursday it raised $1 billion in new funding” writes Tech Reporter for marketwatch.com. During the regular session Alphabet class A stock fell 2.8%, as the S&P 500 index SPX, -2.48% slid 2.5%.Alphabet class A stock was up 0.2% in after-hours trading.Private equity operation Silver Lake, which led the funding round, will also place Egon Durban on the operating board. Source: marketwatch.com

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Wall St. falls more than 2 percent after consumer confidence data

“(Reuters) – U.S. stocks extended losses on Thursday, with the Dow Jones Industrial Average shedding nearly half of its more than 1,000 point gain notched in the previous session after data showed consumer confidence in December fell to its lowest level since July” writes Midwest Communications Inc for 95kqds.com. EDT the Dow Jones Industrial Average was down 508.11 points, or 2.22 percent, at 22,370.34, the S&P 500 was down 52.86 points, or 2.14 percent, at 2,414.84 and the Nasdaq Composite was down 155.05 points, or 2.37 percent, at 6,399.31. Source: 95kqds.com

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Jack in the Box exploring potential sale of the company; shares halted

“JBX, -3.02% said Monday it was exploring strategic and financing alternatives to maximize shareholder value, including a potential sale of the company” writes Reporter Editor for marketwatch.com. The stock has shed 18.1% year to date, while the S&P 500 SPX, -1.91% has declined 2.8%.The company said it has not set a deadline to conclude the process. Source: marketwatch.com

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