Western Union, Coty, Moderna and more

spike

A pedestrian passes an advertising board outside a Western Union money transfer store in Athens, Greece.

Chris Ratcliffe | Bloomberg | Getty Images

Check out the companies making headlines after the bell.

Western Union — The money payment service’s stock rose 7% in extended trading after a report from Bloomberg Law that Western Union recently made a takeover offer for Moneygram International. When contacted by CNBC, Western Union said it “does not comment on market rumors regarding mergers and acquisitions.” Moneygram, a provider of money transfer services, saw its stock surge 28% in extended trading. 

Coty — Shares of the

Read More

Brace for a 15-20% downdraft to strike stocks: BTIG’s Julian Emanuel

spike

BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback.

Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise.

“It’s probably time for the market to reassess the uncertainties to the economy,” the firm’s chief equity and derivatives strategist told CNBC’s “Trading Nation” on Monday. “The social unrest of the last few days just adds to that sort of menu of uncertainties.”

In addition to protests erupting in cities across America, Emanuel lists the coronavirus pandemic and economic lockdowns, renewed

Read More

Stock futures flat as investors assess economy reopening amid civil unrest

spike

The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020.

Jeenah Moon | Reuters

Stock futures opened flat in overnight trading on Monday as investors monitored the economic reopening amid widespread protests across the U.S. over police brutality. 

Futures on the Dow Jones Industrial Average fell just 15 points. The S&P 500 futures and the Nasdaq 100 futures held steady.

The market rose slightly on the first day of June following back-to-back monthly gains. The Dow rose about 90

Read More

Stocks rise to start June

spike

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020, at Wall Street in New York City.

JOHANNES EISELE | AFP via Getty Images

Dow Jones Industrial Average rises 91 points

Wall Street starts June on positive note, but risks remain

The market picked up right where it left off, building on the strong gains from April and May. “Equity markets continue to display remarkable resilience in the face of a constant barrage of troubling developments, with investors continuing to focus on the positive signs of reopening,” says one analyst. However, investors still

Read More