What names will sink after reporting earnings dragged down by China? Two traders discuss.» Read More
"Extraordinary volatility in financial markets" hit a new victim in China: pizza sales.
U.S. stock index futures pointed to a stronger open on Wednesday, tracking shares in Europe and Asia higher.
*Brent crude set for best 4- day run in a month. *Yum Brands slumps 16 pct on China worries. Oct 7- Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude on track to post its best 4- day run in more than a month.
Some of the names on the move ahead of the open.
U.S. stock futures powered higher this morning, after the Dow eked out its third straight gain in Tuesday's mixed session on Wall Street.
*S&P 500 companies are expected to report a 4.2 percent fall in third-quarter profit, the biggest decline in six years, according to Thomson Reuters data. *Yum Brands slumped 16.3 percent to $69.79 after it cut its full-year profit forecast due to a slower-than-expected recovery in China and a strong dollar. *McDonald's, which is also facing issues in China, fell...
Drugmaker Amgen rose nearly 5 percent, Celgene rose 4 percent and Regeneron Pharmaceuticals rose nearly 6 percent. By far the biggest loser in the S&P 500 index was Yum Brands, the parent company of KFC, Taco Bell and Pizza Hut. Yum sank $15.71, or 19 percent, to $67.71 after the restaurant operator's profits and sales missed analysts' expectations.
Energy shares across Asia climbed Wednesday after oil prices surged overnight, helping to pull most Asia markets into positive territory.
Wall Street could continue to meander Wednesday as investors digest the recent rally and eye oil prices in the lull before earnings season.
The "Fast Money" traders reveal what's on their watch lists.
Social media users were out in full force on Tuesday tweeting photos and commenting on McDonald's launch of all-day breakfast.
Oct 6- Yum Brands Inc cut its full-year profit forecast, citing a slower-than-expected recovery in its key market of China and a heavier drag from the strong U.S. dollar, sending its shares down 17.5 percent in after-hours trading on Tuesday. China is Yum's biggest market for profit and sales, and its challenges there appear to be changing from improving its...
Check out the companies making headlines after the bell Tuesday: Yum Brands, Nu Skin, Adobe & more.
Oct 6- Yum Brands Inc said on Tuesday sales at established restaurants in its top market of China rose far less than expected for the third quarter, sending its shares down more than 17 percent in extended trading. China is Yum's biggest market for profit and sales, and its challenges there appear to be changing from reputational to economic.
*IMF cuts global growth view for second time. *Pfizer, Merck drag down S&P health index. Oct 6- U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings.
LOUISVILLE, Ky.— Shares of Yum Brand plunged in late trading Tuesday after the owner of KFC, Pizza Hut and Taco Bell cut its profit outlook for the year, citing a slower-than-expected comeback for its key China division. In the latest quarter, however, the company said sales in China rose just 2 percent at established locations, reflecting a 3 percent increase at KFC...
Oct 6- Yum Brands Inc on Tuesday said sales at established restaurants in China rose far less than expected for the third quarter, sending shares down nearly 17 percent in extended trading. Sales at China KFC and Pizza Hut restaurants open at least one year rose 2 percent, less than the 9.6 percent jump analysts had expected, according to research firm Consensus...
Shares of Yum Brands, the parent of Taco Bell, KFC and Pizza Hut, plunged after it missed Wall Street's estimates.
U.S. stocks closed mixed, stabilizing after a sharp two-day rally, as investors awaited the official beginning of earnings season.
*IMF cuts global growth view for second time. *Nasdaq biotech index down 4 pct. Oct 6- U.S. stocks fell on Tuesday as healthcare companies lost ground and investors eyed upcoming quarterly reports that are expected to show a dip in corporate earnings.