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Skip to main content Main Menu * Home * Latest News * Watchlist * Market Data Center * U.S. * Cryptocurrency * Europe * Rates * Asia * Futures * Currencies * Markets * U.S. Markets * Canada * Europe & Middle East * Asia * Emerging Markets * Latin America * Market Data * Investing * Barron's * Best New Ideas * Stocks * IPOs * Mutual Funds * ETFs * Options * Bonds * Commodities * Currencies * Cryptocurrencies * Futures * Financial Adviser Center * Cannabis * Newswires * Barron's * Economy & Politics * Washington Watch * Coronavirus * Inflation * The Federal Reserve * Economic Report * U.S. Economic Calendar * Personal Finance * The Moneyist * Spending & Saving * Retirement * TaxWatch * Credit Cards * Careers * Travel * Real Estate * Real Estate Listings * Retirement * Best New Ideas in Retirement * Estate Planning * Help Me Retire * FIRE * Taxes * Social Security * Real Estate * Where Should I Retire * Best Places * How to Invest * Virtual Stock Exchange * Video * MarketWatch 25 Years * SectorWatch * The Moneyist * Getting to Work With * Explainomics * How to Invest * MarketBrief * Fire Starters * How Bad Is It * The Cost of Things * Office Hours * Best New Ideas in Money Festival * Mastering Your Money * Podcasts * Live Events * Opinion * Investor's Business Daily * Leaderboard * SwingTrader * MarketSmith * IBDLive * Newsletter Center * Research & Tools * Watchlist * Mortgage Calculator * Multiple Quotes Tool * Stock Screener * Earnings Calendar * Market Screener * IPO Calendar * Short Interest * Trending Tickers Screener * Premarket Screener * Options Expiration Calendar * After Hours Screener * Currency Tools * Mutual Fund Screener * Upgrades & Downgrades * Top 25 Mutual Funds * Mutual Fund Comparison * Economic Calendar * Where Should I Retire? * Retirement Planner * Top 25 ETFs * MarketWatch Picks * Money * Guides * Loans * Home * Real Estate * Auto * Retirement * Health * Banking * Insurance * Credit Cards * Legal * Technology * Lifestyle Sign Up Log In * Profile Settings * Email & Alerts * Watchlist * Games MARKETWATCH LOGO GO TO THE HOMEPAGE. * Latest * Watchlist * Markets * Investing * Personal Finance * Economy * Retirement * How to Invest * Video Center * Live Events * MarketWatch Picks * More How to InvestVideo CenterLive EventsMarketWatch Picks Account Menu * Account Settings * Log In * Sign Up Open Site Search Close Search Overlay CARL ICAHN'S INVESTMENT FIRM HAS NOW SHED 61% OF ITS MARKET CAP THIS MONTH DARK SIDES OF WEIGHT-LOSS-DRUG CRAZE: RISKY KNOCKOFFS, EATING DISORDERS AND MORE CARL ICAHN'S INVESTMENT FIRM HAS NOW SHED 61% OF ITS MARKET CAP THIS MONTH DARK SIDES OF WEIGHT-LOSS-DRUG CRAZE: RISKY KNOCKOFFS, EATING DISORDERS AND MORE US Europe Asia FX Rates Futures Crypto FTSE 100 0.74% DAX 1.20% CAC 40 1.24% FTSE MIB 1.16% IBEX 35 0.82% Stoxx 600 1.15% * US * Europe * Asia * FX * Rates * Futures * Crypto * Range Dropdown Markets 1D 5D 1M 3M 6M 1Y 2Y FTSE 100 7,627.20 56.33 0.74% DAX 15,983.97 190.17 1.20% CAC 40 7,319.18 89.91 1.24% FTSE MIB 26,713.40 305.40 1.16% IBEX 35 9,191.10 75.00 0.82% Stoxx 600 461.41 5.23 1.15% Created with Highstock 2.1.89am12pm3pm7,5507,6007,650 S&P 500 Movers * DLR 7.9 * ANET 7.9 * F 7.3 * MPWR 6.9 * ULTA -12.1 * ES -3.7 * MDT -2.6 * CTRA -2.2 Visit Market Data Center Latest News All Times Eastern scroll up scroll down * 12:08p Pinnacle West Capital upgraded to neutral from underweight at BofA Securities * 12:07p Annexon downgraded to neutral from buy at BofA Securities * 12:06p Terran Orbital stock price target cut to $1.35 from $7.00 at BofA Securities * 12:06p Terran Orbital double downgraded to underperform from buy at BofA Securities * 12:06p Hibbett says customers are not just worried about high prices. They’re afraid of losing their jobs. * 12:05p How the AI boom can affect your money and your career * 12:04p Here are 3 key things to know about markets and the debt-ceiling fight as Memorial Day weekend approaches * 12:01p U.K. stocks break three-day dropping streak * 11:59a Barron's Snowflake Gets Another Downgrade, Amid Ongoing Growth Concerns * 11:59a Lazard elevates financial advisory head to CEO * TO BE REPLACED Editors' Picks * Live: Stock Market Today * Economic calendar * Debt ceiling * Jan. 6 trials * Gas prices * Tipping * The Moneyist * MarketWatch Picks THE DARK SIDE OF THE WEIGHT-LOSS-DRUG CRAZE: EATING DISORDERS, MEDICATION SHORTAGES, DANGEROUS KNOCK-OFFS THE DARK SIDE OF THE WEIGHT-LOSS-DRUG CRAZE: EATING DISORDERS, MEDICATION SHORTAGES, DANGEROUS KNOCK-OFFS * The real reason sunshine makes you happy: The benefits of vitamin D may surprise you * Kite surfing, ice baths and 8-mile morning runs: How some CEOs stay in shape * World Health Organization warns nonsugar sweeteners may increase risk of diabetes and heart disease MARKETWATCH LIVE 250-PLUS-POINT DOW SURGE DRIVEN BY RENEWED DEBT-CEILING OPTIMISM * Another risk for markets to consider: Debt-ceiling talks that could stretch into Fed’s June meeting * Here are 3 key things to know about markets and the debt-ceiling fight as Memorial Day weekend approaches * Want to place a bet on a U.S. default? You may be able to cash in with the dollar. * Goldman economists: U.S. Treasury funds will be exhausted by June 9 * Could bitcoin and gold be haven buys as debt-ceiling fears mount? Here’s what recent trading patterns suggest. ELON MUSK’S BRAIN-IMPLANT COMPANY NEURALINK SAYS IT HAS FDA APPROVAL FOR FIRST HUMAN CLINICAL STUDY WHY DISNEY’S ‘INEVITABLE’ MOVE TO STAND-ALONE ESPN STREAMING SERVICE WOULD BRING ‘LITTLE RISK, AMPLE REWARD’ FLIGHT CANCELLATIONS, STRIKES RAISE FEARS OF NEW SUMMER TRAVEL CHAOS IN EUROPE WHAT’S CHANGED IN THE THREE YEARS SINCE GEORGE FLOYD’S DEATH? NOT ENOUGH, THIS NONPROFIT CEO SAYS. U.S. ECONOMY ‘THE ECONOMY IS STILL TOO HOT FOR THE FED’: CHANCE OF JUNE RATE HIKE RISES FURTHER ABOVE 50% AFTER INFLATION DATA * U.S. prices rise again as fight against inflation stalls, PCE signals * May’s final U.S. consumer-sentiment reading reflects slight rebound * Consumer spending is far from dead as Americans had cash registers ringing in April * Durable-goods orders get a boost from military spending * MarketWatch Economic Calendar: Jobless claims and nonfarm payrolls headline next week’s data docket SOFI CEO SAYS A PERSON PULLING DOWN $100,000 OR MORE ‘REALLY STRUGGLES TO LIVE THE AMERICAN DREAM’ * Pay down your mortgage. Keep a 60/40 stock-bond portfolio. Some money rules are meant to be broken. * ‘It’s a pretty simple fix’: A bipartisan bill aims to double capital-gains exclusion for home sellers * Scarcity of homes for sale stalls pending sales in April as mortgage rates top 7% AI STOCKS ARE SOARING — BUT AVERAGE INVESTORS AREN’T YET RUSHING IN * ‘Ride the Nvidia wave.’ Wall Street says the ‘undeniably pricey’ stock can keep roaring, * After Nvidia’s blowout guidance, here is the percent of revenue other companies will get from AI this year * Nvidia’s 24% jump Thursday lit an AI fire that carried these 19 stocks to gains of as much as 17% * If you own these stock index funds, you’re already invested in AI. But there may be better strategies. * If you haven’t owned these 5 stocks, your portfolio probably is trailing the market ‘TARGET DOESN’T HAVE A SPINE’: WORKERS SLAM RETAILER’S DECISION TO PULL LGBTQ PRIDE-THEMED PRODUCTS AMID BACKLASH * Trans designer speaks out after Target pulls products: ‘I’ve had a lot of death threats’ * Target on the defensive after removing LGBTQ+-themed products * Bud Light anti-trans backlash has some weighing potential ‘chilling effect’ on corporate LGBTQ+ support * ‘There is a subset of American consumers who will not drink a Bud Light for the foreseeable future.’ Anheuser-Busch InBev’s U.S. profits may tumble, JPMorgan says THE PRICE OF THIS MEMORIAL DAY BARBECUE ESSENTIAL HAS SOARED 28% SINCE LAST YEAR. IT’S NOT MEAT OR VEGETABLES. * Gas will be much cheaper this Memorial Day Weekend. Now, for all the bad news. * Expect big crowds for the summer travel season — and big prices, too * Airlines are bracing for a busy summer travel season — here’s what to expect IS THE REWARDS REVOLUTION OVER? WINE, FITNESS AND OTHER NICHE REWARDS CARDS HAVE BECOME CASUALTIES ALONG WITH CRYPTO CARDS. * The real reason sunshine makes you happy: The benefits of vitamin D may surprise you * Picks: This is the No. 1 most recommended travel credit card in America * Picks: $1,000 anyone? Credit cards with the best cash bonus offers in April 2023. LATEST PODCAST Your browser does not support the audio tag.Does buy-now-pay-later pay off? It's the latest evolution in the installment payment plan. But amid economic turmoil, what should consumers consider about this non-credit-card financing method?Read Transcript 00:00 / 27:11 1x Subscribe Apple Podcasts Spotify Google Podcasts Stitcher iHeartRadio TuneIn RSS FINANCIAL NEWS BLUECREST BOSS MICHAEL PLATT TOPS LIST OF 19 HEDGE FUND MANAGERS AMONG UK’S RICHEST HEDGE FUND BOSSES SLAM SEC REPORTING PUSH AS MFA WARNS OF ‘FALSE POSITIVE FILINGS’ MEET THE FIFTY MOST INFLUENTIAL LAWYERS 2023 CITY HEDGE FUND BOSS HITS BACK AT JAMIE DIMON’S IDEA TO BAN SHORT-SELLING MOST POPULAR DOW JUMPS 300 POINTS ON HOPES FOR DEBT CEILING DEAL AND HEALTHY ECONOMIC DATA ‘THE ECONOMY IS STILL TOO HOT FOR THE FED’: CHANCE OF JUNE RATE HIKE RISES FURTHER ABOVE 50% AFTER INFLATION DATA U.S. PRICES RISE AGAIN AS FIGHT AGAINST INFLATION STALLS, PCE SIGNALS IS NOW A GOOD TIME TO BUY A HOUSE? AMAZON’S STOCK IS MISUNDERSTOOD FOR THESE 3 REASONS, ACCORDING TO AN ANALYST SOFI CEO SAYS A PERSON PULLING DOWN $100,000 OR MORE ‘REALLY STRUGGLES TO LIVE THE AMERICAN DREAM’ TILRAY STOCK DROPS NEARLY 20% AFTER CONVERTIBLE NOTES OFFERED TO HELP PAY DOWN DEBT NYC BANKING COMMISSION VOTES TO HALT CITY DEPOSITS AT CAPITAL ONE, KEYBANK IS REAL ESTATE A GOOD PATH TO FINANCIAL INDEPENDENCE? UP IN SMOKE: $60 MILLION MARIJUANA STARTUP CO-OWNED BY RAPPER WAS A PONZI SCHEME, FEDS SAY PARTNER CENTER TRENDING VIDEO Go to Video Center 3:43 AI IS THE STOCK MARKET'S BUZZWORD. BUT HOW DO YOU INVEST IN IT? Want more videos from MarketWatch? Subscribe to our channel on YouTube! 3:43 AI IS THE STOCK MARKET'S BUZZWORD. BUT HOW DO YOU INVEST IN IT? 4:26 IS REAL ESTATE A GOOD PATH TO FINANCIAL INDEPENDENCE? 2:40 IS NOW A GOOD TIME TO BUY A HOUSE? 3:19 FROM 'FROTH' TO 'PULLBACK': 3 FORCES CHANGING THE STARTUP WORLD 9:46 TIME TO BE SKEPTICAL? 3:12 THESE 3 TRENDS WILL POWER THE FUTURE OF ARTIFICIAL INTELLIGENCE 3:10 HOW TO AVOID TAXES LEGALLY 4:21 IS A RECESSION COMING? THESE 3 INDICATORS COULD HAVE THE ANSWER 3:11 HOW AUTONOMOUS VEHICLES COULD BECOME A $2T INDUSTRY 4:18 FROM WORKING STUDENT TO CEO WITH A LAKE HOUSE SECTORWATCH WATCH NOW FIRE STARTERS WATCH NOW MONEY MATTERS WATCH NOW WATCHLIST CUSTOMIZE MARKETWATCH Have Watchlists? Log in to see them here or sign up to get started. Create Account … or Log In Watchlist Menu Add Ticker * Symbol Last Change Chg Change % Chg % Volume (Go to Watchlist) NO ITEMS IN WATCHLIST There are currently no items in this Watchlist. Add Ticker NO SAVED WATCHLISTS Create a list of the investments you want to track. Create Watchlist …or learn more UH OH Something went wrong while loading Watchlist. Go to Watchlist RECENTLY VIEWED TICKERS NO RECENT TICKERS Visit a quote page and your recently viewed tickers will be displayed here. Search Tickers Markets YIELDS ON TREASURY BILLS MATURING IN EARLY JUNE DROP MORE THAN A FULL PERCENTAGE POINT SINCE WEDNESDAY ON DEBT-CEILING HOPES Growing optimism that a debt-ceiling deal can be reached has led to a dramatic plunge in the rates of Treasury bills maturing between June 1-8. The yield on the 3-month bill issued on March 2 and maturing on June 1 was 5.586% as of 11 a.m. Eastern time Friday, down 166.8 basis points from Wednesday’s closing level of 7.254%, according to Tradeweb. The rate on the 1-month T-bill, issued on May 9 and maturing on June 6, was at 5.649%, down 139.2 basis points from 7.041% two days ago. And the yield on the 3-month bill issued March 9 and maturing on June 8 was at 6.076%, down 123.1 basis points from 7.307% on Wednesday. President Joe Biden’s team and House Speaker Kevin McCarthy’s deputies were said to be nearing a deal that would raise the U.S. debt ceiling and avoid a market-shaking default, though getting it through Congress quickly may be tricky. All three major U.S. stock indexes, along with most Treasury yields, were higher in late morning trading. STOCK MARKET’S AI FRENZY REINFORCES THIS CRUCIAL RULE FOR TRADERS, RENMAC SAYS DOW JUMPS 300 POINTS ON HOPES FOR DEBT CEILING DEAL AND HEALTHY ECONOMIC DATA BIG LOTS TUMBLES AS LOWER-INCOME SHOPPERS FEEL THE PINCH FROM INFLATION See More Investing HIBBETT SAYS CUSTOMERS ARE NOT JUST WORRIED ABOUT HIGH PRICES. THEY’RE AFRAID OF LOSING THEIR JOBS. LAZARD ELEVATES FINANCIAL ADVISORY HEAD TO CEO Lazard Ltd. LAZ on Friday named insider Peter R. Orszag as its next chief executive officer as of Oct. 1, when Kenneth M. Jacobs becomes executive chairman after working as CEO for 14 years. Orszag is now CEO of financial advisory at Lazard. Orszag has been CEO of Lazard’s financial advisory unit since 2019 and joined the firm in 2016. Orszag was director of the Office of Management and Budget in the Obama administration in 2009 and 2010, also vice chairman of Citi from 2011 to 2016. Lazard stock is up 0.5% in early trades on Friday. The stock is down 18.4% in 2023, compared to an 8.4% increase by the S&P 500 SPX and a 6.7% drop by the Financial Select SPDR ETF XLF. FORD STOCK RALLIES 7% AFTER TESLA SUPERCHARGING DEAL AI IS GOING TO CHANGE THE WAY ENTERTAINMENT IS MADE. WILL IT BE FOR BETTER OR WORSE? See More Barron's SNOWFLAKE GETS ANOTHER DOWNGRADE, AMID ONGOING GROWTH CONCERNS HOW NVIDIA CAN BECOME FIRST $1 TRILLION CHIP STOCK ULTA BEAUTY IS S&P 500'S WORST PERFORMER. 'WE'VE HIT A SPEED BUMP,' ANALYST SAYS. INFLATION IS STICKING AROUND. IT'S AMMO FOR ANOTHER HIKE. See More Financial Adviser Center HOW DO YOU KNOW IF FINANCIAL ADVICE IS WORTH PAYING FOR? WILL FINANCIAL ADVICE HELP ME SAVE MORE FOR RETIREMENT? OPINION: 3 TAX-SMART CHARITABLE GIVING STRATEGIES YOU CAN USE ANY TIME OF YEAR RETIRING IN A BEAR MARKET CAN BE CATASTROPHIC — WORKING ONE MORE YEAR CAN MAKE A HUGE DIFFERENCE See More Economy & Politics HERE ARE 3 KEY THINGS TO KNOW ABOUT MARKETS AND THE DEBT-CEILING FIGHT AS MEMORIAL DAY WEEKEND APPROACHES MESTER SAYS PCE SHOWS FED HAS ‘MORE WORK TO DO’ ON INTEREST RATES Cleveland Federal Reserve President Loretta Mester said high inflation and strong consumer spending are sign the central bank likely needs to raise interest rates again to try to get prices under control. “The data coming in this morning suggest we have more work to do,” she said in an interview Friday on CNBC. The PCE price index showed inflation stuck near 5%, well above the Fed’s 2% target, while consumer spending picked up. Mester has previously said she thinks rates need to go a bit higher. Other senior Fed officials appear undecided on whether to skip a rate increase at their June 13-14 meeting, increase them again, or pause for a while. HERE’S WHAT’S IN THE EMERGING DEBT-CEILING DEAL — SUCH AS A CUT TO THE IRS U.S. CONSUMER SENTIMENT REBOUNDS SLIGHTLY IN LATE MAY, BUT WORRIES PERSIST See More Retirement I’M DROWNING IN DEBT: WHY CAN’T I BE ON SOMEBODY’S LIST WHO IS GIVING MONEY AWAY? YES, YOU CAN BEAT THE STOCK MARKET, SAYS NEW RESEARCH THE REAL REASON SUNSHINE MAKES YOU HAPPY: THE BENEFITS OF VITAMIN D MAY SURPRISE YOU MEDICARE WANTED TO STOP PAYING FOR MY MOM’S STAY IN REHAB. I SUCCESSFULLY APPEALED — TWICE — AND YOU CAN, TOO. See More Personal Finance HOW THE AI BOOM CAN AFFECT YOUR MONEY AND YOUR CAREER GAS WILL BE MUCH CHEAPER THIS MEMORIAL DAY WEEKEND. NOW, FOR THE BAD NEWS. ‘THERE’S NO BLUEPRINT’: IF U.S. DEFAULTS ON DEBT, $12 BILLION IN BENEFITS FOR VETERANS AND THEIR FAMILIES ARE AT STAKE AMERICANS CAN NOW PUT A LOT MORE IN HEALTH SAVINGS ACCOUNTS. HERE’S HOW MUCH THEY CAN INVEST. See More The Moneyist ‘ALL OF THESE TIPS ADD UP’: IF A RESTAURANT ADDS A 20% TIP, AM I OBLIGED TO PAY? SHOULD TIPPING NOT BE OPTIONAL? MY BROTHER-IN-LAW IS BEING HONORED BY A CHARITY, BUT TICKETS FOR THE CEREMONY COST $375. SHOULDN’T HE OFFER TO PAY FOR MY TICKET? ‘HE’S CONTENT LIVING PAYCHECK TO PAYCHECK’: MY HUSBAND WON’T WORK OR RENEW HIS DRIVER’S LICENSE. NOW THINGS HAVE GOTTEN EVEN WORSE. ‘TIPPING CULTURE IS OUT OF CONTROL’: I WAS ASKED TO TIP 15% WHEN I MADE A DONATION TO CHARITY. IS IT TIME TO SAY NO TO THESE REQUESTS? See More How to Invest NO MATTER YOUR AGE, HERE’S HOW TO TELL IF YOUR FINANCES ARE ON THE RIGHT TRACK SHOULD I USE A 401(K) OR AN IRA TO SAVE FOR RETIREMENT? A TRADITIONAL ACCOUNT OR THE ROTH VERSION? HERE’S WHAT TO KNOW THESE 5 GREAT, EASY-TO-READ BOOKS ABOUT MONEY WILL CHANGE HOW YOU THINK ABOUT INVESTING WHEN IS IT WORTH HIRING SOMEONE TO MANAGE YOUR MONEY? See More Coronavirus Updates CALM OBSERVED AT SOUTHERN U.S. BORDER AFTER MIDNIGHT LIFTING OF PANDEMIC-ERA ASYLUM RESTRICTIONS AS COVID PUBLIC HEALTH EMERGENCY ENDS, ‘WHACK-A-MOLE’ VIRUS WON’T BE EASY TO TRACK NOVAVAX’S STOCK SOARS AFTER POSITIVE COVID AND FLU TRIAL DATA AND NEWS OF PLAN TO LAY OFF 25% OF WORKFORCE CDC’S ROCHELLE WALENSKY RESIGNS, CITING PANDEMIC TRANSITION See More Picks THE HOME DEPOT AND LOWE’S ARE HAVING MAJOR MEMORIAL DAY SALES. HERE’S WHAT TO BUY. THESE ARE THE 5 BEST DEALS YOU CAN GET ON MATTRESSES THIS MEMORIAL DAY — AND PRICES START AT JUST $337 FOR A QUEEN SOME SAVINGS ACCOUNTS ARE PAYING 4.75% OR MORE. IS IT TIME TO SWITCH BANKS? YES, YOU CAN EARN 5% ON A CD RIGHT NOW. BUT IS IT THE RIGHT CHOICE FOR YOU? See More Retirement Weekly HOW WE KNOW THAT ECONOMIC RISK IS HIGH RIGHT NOW MY HUSBAND DIED AND HIS HSA FUNDS WERE SENT TO ME. DO I HAVE TO PAY TAXES ON IT? ARE YOU A HYPOCHONDRIAC? IT’S A FINE LINE BETWEEN VIGILANCE AND FEAR. POSSIBLE CHANGES TO SOCIAL SECURITY, RETIRING IN A RECESSION, DODGING LIFE’S CURVEBALLS — AND MORE RETIREMENT NEWS Retirement news and analysis See More Real Estate ‘A MODEST RECESSION WILL BEGIN IN THE SECOND HALF OF 2023’: FANNIE MAE THE 30-YEAR MORTGAGE RATE JUST HIT 7%. HERE’S HOW MUCH IT WILL COST HOMEOWNERS. BAD NEWS FOR HOMEBUYERS: MORTGAGE RATES CLIMB AMID U.S. DEBT-CEILING CONCERNS ‘IT’S A PRETTY SIMPLE FIX’: A BIPARTISAN BILL WANTS TO DOUBLE CAPITAL-GAINS EXCLUSION FOR HOME SELLERS See More Mansion Global A STANDOUT VIDEO CAN HELP ELEVATE A PROPERTY LISTING ABOVE THE COMPETITION A GALLERY-LIKE TROPHY HOME IN WEST VANCOUVER KATY PERRY BUYS LOS ANGELES PENTHOUSE FOR $11 MILLION INDIAN CREEK, FLORIDA’S ONLY LISTING IS THIS $85 MILLION WATERFRONT MANSION See More ADVERTISEMENT ADVERTISEMENT × * * * * Back to Top Copyright © 2023 MarketWatch, Inc. All rights reserved. Subscriber Agreement & Terms of Use | Privacy Notice | Cookie Notice (). 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