MarketBeat | Stock Market News and Research Tools News Latest News Instant News Alerts Most Viewed 26 minutes ago | June 3rd, 2020 11:24 AMUS service sector contracts for second month in MayWASHINGTON (AP) — The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country. Activity did rise from levels last month that had not been seen since the recession. The Institute for Supply Management said Wednesday that its service sector index stood at 45.4 last month, up slightly from an April reading of 41.8.Read Article 26 minutes ago US service sector contracts for second month in May26 minutes ago | June 3rd | 2020 11:24AMUS service sector contracts for second month in MayWASHINGTON (AP) — The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country. Activity did rise from levels last month that had not been seen since the recession. The Institute for Supply Management said Wednesday that its service sector index stood at 45.4 last month, up slightly from an April reading of 41.8.Read Article 1 hour ago Hints of an economic reawakening amid mass, civic unrest1 hour ago | June 3rd | 2020 10:44AMHints of an economic reawakening amid mass, civic unrestThe outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TESTING THE WATERS: Businesses are starting reopen, or explore how to do so, as states and cities ease restrictions on public activities.Read Article 1 hour ago Rescued migrants stranded on chartered Maltese tourist boats1 hour ago | June 3rd | 2020 10:28AMRescued migrants stranded on chartered Maltese tourist boatsVALLETTA, Malta (AP) — More than 400 migrants are living aboard pleasure cruise vessels bobbing in the sea off Malta, many of them for weeks now. But for them, it's no pleasure, only uncertainty over their fate and they aren’t cruising anywhere. Rescued from human traffickers’ unseaworthy boats in several operations in the central Mediterranean…Read Article 1 hour ago Wall Street's rally rolls into Day 4 on reopening hopes1 hour ago | June 3rd | 2020 10:22AMWall Street's rally rolls into Day 4 on reopening hopesStocks are pushing higher in Wednesday morning trading on Wall Street as the stock market’s rally carries into a fourth day. The S&P 500 added 0.8% to gains made in earlier days on optimism that lifting lockdowns around the world will allow the economy to climb out of its current hole. Treasury yields also rose in a sign of improved confidence after reports suggested that while the U.S.Read Article 2 hours ago Wall Street opens higher, extending gains into a 4th day2 hours ago | June 3rd | 2020 9:39AMWall Street opens higher, extending gains into a 4th dayStocks are opening higher again on Wall Street, extending the market’s gains into a fourth day. The S&P 500 rose 0.9% in the first few minutes of trading Wednesday. Banks, industrial and energy companies led the way higher. Those sectors have been the most badly bruised this year and would also be among those that would stand to benefit the most from a recovering economy.Read Article 2 hours ago The Latest: Brief reprieve for Berlin's Tegel airport2 hours ago | June 3rd | 2020 9:33AMThe Latest: Brief reprieve for Berlin's Tegel airportThe Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. ___ BERLIN — A plan to close one of Berlin’s two airports in mid-June has been dropped because passenger…Read Article 2 hours ago Rescue migrants stranded on chartered Maltese pleasure boats2 hours ago | June 3rd | 2020 9:03AMRescue migrants stranded on chartered Maltese pleasure boatsVALLETTA, Malta (AP) — More than 400 migrants are living aboard pleasure cruise vessels bobbing in the sea off Malta, many of them for weeks now. But for them, it's no pleasure, only uncertainty over their fate and they aren’t cruising anywhere. Rescued from human traffickers’ unseaworthy boats in several operations in the central Mediterranean…Read Article 2 hours ago Survey: 2.76 million layoffs in May, far fewer than expected2 hours ago | June 3rd | 2020 8:56AMSurvey: 2.76 million layoffs in May, far fewer than expectedBALTIMORE (AP) — U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected. The payroll company ADP reported Wednesday that businesses have let go of a combined 22.6 million jobs since March, with the bulk of the layoffs occurring in April. The virus forced employers to shutter…Read Article 2 hours ago The Latest: Cameras at Brussels Airport will check for fever2 hours ago | June 3rd | 2020 8:52AMThe Latest: Cameras at Brussels Airport will check for feverThe Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. ___ BRUSSELS — Passengers at Brussels airport could be denied access to flights if their body temperature…Read Article 3 hours ago Asia Today: S. Korea opening schools despite spike in cases3 hours ago | June 3rd | 2020 7:57AMAsia Today: S. Korea opening schools despite spike in casesSEOUL, South Korea (AP) — South Korea on Wednesday reported 49 new cases of COVID-19, continuing a weekslong resurgence of the virus as the government defended its decision to reopen schools despite health risks. The figures announced by the Korea Centers for Disease Control and Prevention on brought national totals to 11,590 cases and 273 deaths.Read Article 3 hours ago The Latest: Cyprus brings forward end of lockdown by 3 weeks3 hours ago | June 3rd | 2020 7:54AMThe Latest: Cyprus brings forward end of lockdown by 3 weeksThe Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. ___ NICOSIA, Cyprus — Cyprus has accelerated the lifting of most of the country’s remaining coronavirus…Read Article 4 hours ago Germany seeks 5-fold increase in offshore wind power by 20404 hours ago | June 3rd | 2020 7:36AMGermany seeks 5-fold increase in offshore wind power by 2040BERLIN (AP) — The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels. The Cabinet on Wednesday agreed on a bill that would set a goal of 40 Gigawatts of installed offshore wind power capacity in 20 years, from about 7.5 Gigawatts at present. It also…Read Article 4 hours ago Global stock markets continue to rise as economies reopen4 hours ago | June 3rd | 2020 7:32AMGlobal stock markets continue to rise as economies reopenTOKYO (AP) — Global stock markets rose Wednesday, extending three days of gains, as more economies reopened from shutdowns they had imposed to stem the coronavirus pandemic. Asian indexes closed higher and European markets were up in midday trading, while Wall Street futures pointed to gains on the open in the U.S. “The…Read Article 10 hours ago Logitech (NASDAQ: LOGI) Shares Too Richly Valued at These Levels10 hours ago | June 3rd | 2020 1:00AMLogitech (NASDAQ: LOGI) Shares Too Richly Valued at These LevelsComputer peripheral device and accessories maker Logitech International (NASDAQ: LOGI) shares have been scorching to new all-time highs as a beneficiary of the shelter-in-place mandates to curb the spread of COVID-19. This spurred an unprecedented demand surge for computer accessories as consumers updated everything from web cams to keyboards and headsets to better function in the new remote work, learn and play environment.Read Article 10 hours ago Qualcomm Continues March Higher (NASDAQ: QCOM) 10 hours ago | June 3rd | 2020 1:00AMQualcomm Continues March Higher (NASDAQ: QCOM) From February 2019 through January 2020, shares of Qualcomm (NASDAQ: QCOM) rallied about 90%, driven largely by the upcoming 5G rollout and investor’s optimism about Qualcomm’s ability to capture a large market share. However, the stock received a violent and sudden 35% haircut in the following weeks and many on Wall Street walked away from…Read Article 10 hours ago Campbells’ Rally Has Legs (NYSE:CPB)10 hours ago | June 3rd | 2020 1:00AMCampbells’ Rally Has Legs (NYSE:CPB)Consumer Trends Have Changed, It’s In The Data Campbell’s (CPB) has been a favorite of mine since the pandemic started. The rush to pantry-load, the ongoing lock-downs, and uncertainty over how long this thing is going to last, Campbell’s positions as a consumer staple must-have item, and its dividend all play a role in my attraction.Read Article 1+ days ago DocuSign Rallies Into Earnings (NASDAQ: DOCU)1+ days ago | June 2nd | 2020 1:00AMDocuSign Rallies Into Earnings (NASDAQ: DOCU) Shares of electronic signatures and agreements handler DocuSign (NASDAQ: DOCU) have been on a major rally over the past two months. They’re up close to 130% since the middle of March and Wall Street can’t get enough of them right now. The San Francisco company IPO’d just over two years ago and bounced around for much of the first…Read Article 1+ days ago Dick’s Sporting Goods Whiffs But The Outlook Lifts The Market1+ days ago | June 2nd | 2020 1:00AMDick’s Sporting Goods Whiffs But The Outlook Lifts The MarketThe Worst Is Over For Dick’s Dick’s Sporting Goods (DKS) reported first-quarter earnings this morning and delivered a mixed bag of results. While revenue came in above expectations EPS was a big miss due to the COVID-19 pandemic. Despite this news, the stock is up 2.0% in the pre-market action as investors rush to get in. The mitigating…Read Article 1+ days ago Norwegian Cruise Line (NCLH) Has a Big New Draw, and it's Not Shows or Buffets1+ days ago | June 2nd | 2020 1:00AMNorwegian Cruise Line (NCLH) Has a Big New Draw, and it's Not Shows or Buffets The cruise line market may well be the single hardest-hit market in the whole history of the coronavirus outbreak. With ships full of sick people trying frantically to find docking berths and the idea of actually going on a cruise now about as palatable to some as going on safari wearing a suit made of sirloin, the cruise line industry is pulling out all the stops to get cruisegoers back.Read Article 1+ days ago Norwegian Cruise Line (NCLH) Has a Big New Draw, and it's Not Shows or Buffets1+ days ago DocuSign Rallies Into Earnings (NASDAQ: DOCU)1+ days ago Growing Tailwinds Make Eli Lilly (NYSE:LLY) A Buy1+ days ago World stocks rebound after Trump avoids reigniting trade war1+ days ago HCA Healthcare (NYSE: HCA) Stock is Already Overvalued 16 hours ago Zoom booms as pandemic drives millions to its video service1+ days ago Dick’s Sporting Goods Whiffs But The Outlook Lifts The Market1+ days ago South Korea to reopen WTO complaint over Japan trade curbs1+ days ago Syrian stock market halts trading for Assad cousin's company1+ days ago From Netflix (NFLX) to Disney+ (DIS), Adults Added Streaming in a Big Way10 hours ago Qualcomm Continues March Higher (NASDAQ: QCOM) 1+ days ago The Latest: Report: Chinese doctor has died from COVID-191+ days ago Finland in pain as border closure blocks Russian tourists 1+ days ago Coty, Beyond Meat rise; Pfizer, Gilead Sciences fall1+ days ago The Latest: US sends Brazil malaria drug for COVID-191+ days ago Vatican centralizes contracting to cut waste, corruption1+ days ago The Latest: Italy records 355 new virus cases, 75 deaths1+ days ago The Latest: Putin orders quick repairs for Russian economy 1+ days ago Parisians return to cafes; Latin America sees virus surge 1 minute ago Hanover Insurance Group (NYSE:THG) PT Raised to $114.00 1 minute ago S&P Global (NYSE:SPGI) Given New $365.00 Price Target at Barclays 1 minute ago Arcus Biosciences (NYSE:RCUS) Downgraded by Zacks Investment Research to Hold 1 minute ago Pioneer Natural Resources (NYSE:PXD) Price Target Raised to $123.00 1 minute ago PVH (NYSE:PVH) Price Target Lowered to $44.00 at Deutsche Bank 1 minute ago Parsley Energy (NYSE:PE) PT Raised to $12.00 1 minute ago Barclays Boosts Noble Energy (NYSE:NBL) Price Target to $11.00 1 minute ago Kite Realty Group Trust (NYSE:KRG) Price Target Raised to $13.00 at Piper Sandler 1 minute ago Piper Sandler Increases Federal Realty Investment Trust (NYSE:FRT) Price Target to $92.00 1 minute ago Floor & Decor (NYSE:FND) Given New $60.00 Price Target at Wedbush 1 minute ago FactSet Research Systems (NYSE:FDS) Price Target Increased to $293.00 by Analysts at Deutsche Bank 1 minute ago Raymond James Lowers Everi (NYSE:EVRI) Price Target to $10.00 1 minute ago Essent Group (NYSE:ESNT) Given New $38.00 Price Target at Credit Suisse Group 1 minute ago Oppenheimer Raises EnerSys (NYSE:ENS) Price Target to $80.00 1 minute ago Credit Suisse Group Boosts Equifax (NYSE:EFX) Price Target to $175.00 1 minute ago Brinker International (NYSE:EAT) PT Lowered to $33.00 at Stifel Nicolaus 1 minute ago Barclays Increases Devon Energy (NYSE:DVN) Price Target to $13.00 1 minute ago Dicks Sporting Goods (NYSE:DKS) Given Overweight Rating at Barclays 1 minute ago Concho Resources (NYSE:CXO) PT Raised to $70.00 View More News Free Email Newsletter Sign up to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter: Sector Performance (Ad)This aggressive, young lithium miner’s vast new discovery won’t stay a secret much longer and the growing, lithium supply shortage is a big opportunity for early investors. Popular StocksCompanyCurrent PricePrice ChangeAAPLApple Inc.$323.500.05%MSFTMicrosoft Co.$184.29-0.34%FBFacebook, Inc.$229.85-1.23%GOOGLAlphabet Inc$1,435.02-0.51%AMZNAmazon.com, Inc.$2,468.56-0.16%NVDANVIDIA Co.$348.91-1.16%CGCCanopy Growth Corp$16.753.78%BABAAlibaba Group Holding Ltd$217.441.45%MUMicron Technology, Inc.$48.152.84%GEGeneral Electric$7.283.26%TSLATesla Inc$889.930.95%AMDAdvanced Micro Devices, Inc.$52.48-1.98%TAT&T Inc.$31.541.77%Follow Stocks Analyst RatingsCompanyBrokerageActionBGNEBeigene LtdSVB LeerinkBoost Price Target$207.00 ➝ $210.00UNPUnion Pacific Co.BMO Capital MarketsBoost Price Target$180.00 ➝ $190.00NSCNorfolk Southern Corp.BMO Capital MarketsBoost Price Target$185.00 ➝ $195.00KSUKansas City SouthernBMO Capital MarketsBoost Price Target$145.00 ➝ $158.00CSXCSX Co.BMO Capital MarketsBoost Price Target$71.00 ➝ $75.00CPCanadian Pacific Railway LtdBMO Capital MarketsBoost Price Target$330.00 ➝ $365.00CNICanadian National RailwayBMO Capital MarketsBoost Price Target$124.00 ➝ $128.00TUTELUS Co.Canaccord GenuityBoost Price Target$23.00 ➝ $24.00SJRShaw Communications IncCanaccord GenuityBoost Price Target$25.00 ➝ $26.00RCIRogers Communications Inc.Canaccord GenuityBoost Price Target$60.00 ➝ $62.00BCEBCE Inc.Canaccord GenuityBoost Price Target$59.00 ➝ $61.00XYLXylem IncJanney Montgomery ScottBoost Price Target$63.00 ➝ $67.00See All Analyst Ratings (Ad)This aggressive, young lithium miner’s vast new discovery won’t stay a secret much longer and the growing, lithium supply shortage is a big opportunity for early investors.Today's Top GainersCompanyPrice ChangeIndicatorUNTUnit Co.558.66%Upcoming EarningsRVLTRevolution Lighting Technologies Inc418.76%JASNJason Industries Inc 84.55%Upcoming EarningsYOGAYogaworks Inc77.37%Upcoming EarningsHeavy News ReportingRHNORhino Resource Partners, L.P.66.67%GNUSGenius Brands International Inc63.18%High Trading VolumeHeavy News ReportingSECOSecoo Holding Ltd -57.75%High Trading VolumeHeavy News ReportingZEONZEONS CORP/SH SH57.50%High Trading VolumeABILAbility Inc56.52%VLOWYVALLOUREC SA/S54.76%HMSNFHammerson plc45.05%Upcoming EarningsAnalyst UpgradeHigh Trading VolumeARCWARC Group WorldWide Inc42.11%Upcoming EarningsSee More Top Gainers Today's Top LosersCompanyPrice ChangeIndicatorRTTRRitter Pharmaceuticals Inc-91.98%CYTRCytRx Co.-59.74%AGM.AFederal Agricultural Mortgage Corp.-59.30%Dividend AnnouncementPMTSCPI Card Group Inc-42.89%USATUSA Technologies, Inc.-37.27%Upcoming EarningsNSPRInspireMD Inc-35.95%High Trading VolumeEVFMEvofem Biosciences Inc-25.29%Analyst ReportHigh Trading VolumeAnalyst RevisionCLRBCellectar Biosciences Inc-20.45%AMRHAmeri Holdings Inc-20.21%High Trading VolumeTWERTowerstream Co.-20.00%High Trading VolumePGENPrecigen, Inc.-15.91%High Trading VolumeUnusual Options ActivityHeavy News ReportingDPDWDeep Down Inc-14.89%High Trading VolumeSee More Top Losers Your Ultimate Investing Toolkit Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Ratings, Earnings, and Dividends Access MarketBeat's database of more than 1 million stock ratings, all recent earnings announcements, and dividend announcements. Perform advanced searches to find ratings by analyst, company, price target, rating, keyword and date. Sort the results in any way that interests you. MarketBeat Idea Engine Get new stock ideas every Monday based on their likelihood for short-term growth. Live News Feed View a live feed of headlines, ratings, earnings, dividends, insider trades and more that is updated in real-time throughout the day. Just $1.00 for your first month. Click here to learn more
