Wall Street ends seven week gain streak as markets pull back
Stocks closed mixed after seven weeks of gains with the S&P 500 up 0.5 percent and the Nasdaq 0.6 percent. The Dow was flat as tech and retailers led gains while oil shares rose amid Red Sea shipping concerns. U S Steel jumped 26 percent on Nippon Steel takeover talks.
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Amazon. Com
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Meta
Netflix
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Zoom Drops From Nasdaq 100 Signaling Pandemic Era End
Zoom Video Communications leaves the Nasdaq 100 as 2023 shows weak growth and rising competition from Microsoft Teams. The move follows other pandemic darlings like Peloton and Teladoc, with Zoom expanding into non video offerings while revenue growth stalls.
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Zoom Video Communications
Wall Street
Microsoft Corp
Peloton Interactive Inc
Teladoc Health Inc
Zoom
Nippon to Buy U S Steel as Lorain hopes for local jobs
Mayor Jack Bradley urged that Nippon Steel purchase U S Steel and produce steel in Lorain with local workers. The deal values U S Steel at about $55 per share, aims to expand Nippon’s US production to 86 million tons, and requires shareholder approval.
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Cleveland Cliffs
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Burritt
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Wheeling-Pittsburgh Steel
United Steelworkers International
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McCall
JD Vance
Cincinnati
Sherrod Brown
Cleveland
Vance
Brown
Marathon Oil Corp
Pittsburgh
UPMC
United States Steel Corp
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