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SEC's Clayton says agency studying frequency of corporate reporting, after Trump tweetExternal Link

Securities and Exchange Commission Jay Clayton on Friday issued a statement about long-term investing in which he neither endorsed nor rejected the call from President Donald Trump for companies to report to twice-a-year, rather than four-times-a-year, reporting. But he did say the SEC Division of Corporation Finance "continues to study public company reporting requirements, including the frequency of reporting." Clayton said: "The President has highlighted a key consideration for American companies and, importantly, American investors and their families - encouraging long-term investment in our country. Many investors and market participants share this perspective on the importance of long-term investing."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 17 Aug 2018 19:17:32 GMT
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Salads sold at McDonald's sicken 476External Link

The Centers for Disease Control and Prevention says a romaine lettuce and carrot mix that was sold at McDonald's Corp. tested positive for cyclospora, which has resulted in 476 illness cases across 15 states. Twenty-one people were hospitalized. Cyclospora is an intestinal illness caused by a parasite. The salads came from a Fresh Express processor in Streamwood, Ill. Fresh Express, which was alerted to the results on July 27, says the carrot mix went to McDonald's and the romaine-only item was distributed elsewhere. Romaine lettuce from the same lot tested for cyclospora in salads and wraps distributed by Caito Foods. A public health alert was issued on July 30 about salads and wraps distributed by Caito Foods. McDonald's shares are down 6.3% for the year to date while the Dow Jones Industrial Average is up 4.1% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 17 Aug 2018 19:14:00 GMT
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The Dow is on the verge of its best close in 6 months as the stock market extends rallyExternal Link

The Dow Jones Industrial Average Friday afternoon looked poised to book its highest closing level since Feb. 1, according to FactSet data. A late-session 150-point rally for the blue-chip gauge, on the back of growing optimism that China and the U.S. can strike a detente on trade by November, has helped power the recent climb. If the Dow can finish above 25,709, it would mark its best finish since Feb. 1, when the gauge closed at 26,187. Meanwhile, the S&P 500 index advanced 0.5% at 2,854, while the Nasdaq Composite Index advanced 0.2% at 7,825.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 17 Aug 2018 19:07:23 GMT
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Dow jumps to session peak amid report that U.S.-China map out plan to end trade impasse by November External Link

The Dow Jones Industrial Average in late-afternoon Friday trade jumped to session highs amid reports that the U.S. and China are setting the stage to end a contentious multibillion-dollar tariff dispute by November, according to the Wall Street Journal. The Dow was trading 150 points, or 0.5%, at 25,685, the S&P 500 index climbed 0.4% at 2,850, while the Nasdaq Composite Index also drifted into positive territory, after lagging behind its peers earlier in the session. The Nasdaq was up 0.1% at 7,814. All three benchmarks were trading at their best levels for Friday, extending a powerful rally ignited on Thursday, sparked by news that Beijing and Washington had agreed to resume trade negotiations next week. The coming negotiations are intended to set the stage for multilateral summits between President Trump and Chinese leader Xi Jinping in November, according to WSJ.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 17 Aug 2018 18:45:39 GMT
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Sugar futures settle at lowest in a decade on supply surplusExternal Link

Sugar futures declined Friday to settle at their lowest in more than 10 years, as the market continued to be plagued by a surplus of global supplies. "We are in such a big surplus that even drought in Europe, Brazil and potentially India cannot really make a dent in it," analysts at brokerage Marex Spectron wrote in a weekly report dated Monday. "Sugar stocks in Brazil are high, and demand for Brazilian sugar is weak." October No. 11 sugar traded on ICE Futures U.S. settled at 10.18 cents a pound, down about 10 points, or 0.12 cent, for the session. That was the lowest finish for a front-month contract since June 10, 2008, according to Dow Jones Market Data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 17 Aug 2018 17:29:01 GMT
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