Reuters - Daily Investor Update

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Monday, July 24, 2017

Nasdaq, tech shine as earnings pick up; Dow, S&P lag

NEW YORK (Reuters) - The Nasdaq hit a record high on Monday ahead of a big week of technology earnings reports, while the S&P 500 and the Dow industrials lagged behind as losses in healthcare heavyweight Johnson & Johnson took a toll.

Alphabet profit slumps on record $2.7 billion EU fine

(Reuters) - Alphabet Inc reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU.

Democrats take aim at big companies in economic blueprint

WASHINGTON (Reuters) - U.S. Democrats unveiled an economic platform on Monday that included plans to address unfair market competition, rising pharmaceuticals costs and stagnant wages.

Analysts cut Chipotle stock target, question menu price hikes

LOS ANGELES (Reuters) - Shares of Chipotle Mexican Grill Inc lost more ground on Monday, after analysts cut stock price targets and raised doubts about whether the burrito chain can raise menu prices to offset higher costs.

Blue Apron shares surge on Wall Street's upbeat outlook

NEW YORK (Reuters) - Shares of Blue Apron Holdings Inc jumped as much as 20 percent on Monday, reversing some of their heavy losses from the past few weeks, after several brokerages initiated coverage of the meal-kit service with a bullish outlook.

Organic ranchers eye Amazon distribution ahead of Whole Foods deal

(Reuters) - Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc , according to the meeting's organizer.

Oil rises 1 percent after Saudi vows to cap crude exports next month

NEW YORK (Reuters) - Oil rose more than 1 percent on Monday, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co's executive chairman said the U.S. shale drilling boom would probably ease next year.

KKR to buy WebMD in $2.8 billion deal

(Reuters) - Private equity firm KKR & Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella.

U.S. dollar, bond yields edge up, with focus on Fed

NEW YORK (Reuters) - The U.S. dollar rose from its lowest level in more than a year and U.S. Treasury yields climbed on Monday as investors braced for news from this week's U.S. central bank meeting and possible hints on when the next interest rate hike is coming.

Fintech lingo explained

The world of financial technology - also known as "fintech" –involves lots of buzzwords, jargon and often obscure terminology.