Financial

Tractor Supply Company, Disney, Novavax and more

spike 7 hours ago

An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020.

Daniel Slim | AFP | Getty Images

Check out the companies making headlines after the bell.

Tractor Supply Company — The farm supplies retailer’s stock shot up 7% in extended trading after the company provided its financial outlook for the second quarter of 2020 at a time when many companies are withdrawing guidance. Tractor Supply said it expects “record-breaking” sales and earnings, as well as comparable-store sales growth of 20% to 25%. The company’s stock

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Stock futures flat as investors weigh economy reopening and US-China tensions

spike 7 hours ago

U.S. stock futures were flat in overnight trading, as investors juggled optimism about the reopening of the economy and a possible coronavirus vaccine as well as concerns about U.S.-China tensions. 

Recent hopes for a return to normal consumer habits has pushed the Dow Jones Industrial Average and S&P 500 to briefly touch key market levels for the first time since early March; however, a escalation of U.S.-Chinese tensions has capped gains. 

Dow futures fell about 20 points. The S&P 500 and Nasdaq were also lower, with losses of 5 points and 7 points, respectively.

Stocks started the holiday-shortened week off

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Here’s who would would profit most from a $600 unemployment extension

spike 10 hours ago

Certain jobs and industries are benefiting from enhanced unemployment pay more than others — and have the most to gain from an extension of benefits. 

Workers in lower-paying sectors of the economy, such as accommodation and food services, benefit more from the unemployment increase than those in finance and insurance that pay workers better. And the difference could be quite stark.

Democrats have proposed giving Americans larger unemployment checks until early 2021. Republicans, however, appear resolute in blocking an extension past July.  

The $2.2 trillion coronavirus relief package enacted in March enhanced unemployment benefits. Nearly 39 million Americans have

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Southwest, Macy’s, JPMorgan, Novavax, Carnival and more

spike 13 hours ago

Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019.

Mark Ralston | AFP | Getty Images

Check out the companies making headlines in midday trading. 

United, American, Delta, Southwest — Airlines, which are positioned to benefit from the economy reopening, rose on Tuesday with United Airlines jumping more than 14%. Delta and American Airlines rose more than 10%. Southwest rallied 11.5%, helped by an upgrade to buy at UBS. The Wall Street firm said domestic travel is on the path to recovery

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