Stocks

U.S. stocks were mixed Thursday with the S&P 500 and the Nasdaq rallying to record highs a day after the Federal Reserve announced plans to begin tapering asset purchases.

Due to the delays and prioritization of low-income countries, Moderna anticipates fiscal year 2021 product sales between $15B and $18B, down from previous guidance of $20 billion.

Nintendo Co Ltd on Thursday cut its full year Switch sales forecast by 6% to 24 million units and said it would struggle to meet demand in the key year-end shopping season as chip shortages disrupt production of the hit device.

Japan's Toyota Motor Corp raised its profit outlook on Thursday helped by favorable currency rates but warned that the global semiconductor shortage still posed risks to its full-year production plans.

Kellogg Co said late Wednesday its cereal plant workers had rejected a revised offer by the U.S. packaged foods maker, prolonging the months-long negotiations over a new contract.

U.S. stock indexes climbed to record highs Wednesday as traders digested the news that the Federal Reserve will begin tapering its asset purchases later in November.

Zillow Group Inc. shares plunged Wednesday after the company announced plans to exit its house-flipping business and eliminate 25% of its workforce.

Bed Bath & Beyond's stock surged on the deal with Kroger.

The striking workers at Deere & Co.

Total U.S. corporate stock buybacks are on track to hit a record for the third quarter as the U.S. economy bounced back from the global pandemic and chief executives became less fearful of spending cash.

Avis Budget shares have joined the meme stock club soaring during Tuesday's trading session.

U.S. stocks hovered near record levels as investors digest more earnings and as the Federal Reserve kicks off its two-day meeting.

Clorox has announced it will implement price hikes for approximately 50% of its portfolio in November and 70% of its portfolio by the end of fiscal 2022 as it looks to mitigate inflationary headwinds.

U.S. stocks rallied Monday with all three of the major averages closing in record territory on the first trading day of November.

Shares in Moderna Inc. dropped at least 5% as trading opened Monday after a delay in the decision to approve the COVID-19 vaccine for adolescents ages 12-17.

Harley-Davidson Inc. shares rallied sharply Monday after the U.S. and European Union settled a dispute over steel and aluminum tariffs.

U.S. stocks have seen a record year already and the environment may get even better in the next three months.

When Covid-driven closures cut deeply into sit-down business in Cheesecake Factory’s cavernous, lavish dining rooms, the 208-restaurant chain emphasized to-go orders to help buttress sales. It worked: The chain is averaging more than $3 million in to-go orders per location this year, more than double its typical amount before the crisis.

The Federal Reserve releases its decision on interest rates and likely an update on inflation Wednesday.

U.S. stocks battled to record highs Friday as investors looked past the impact the supply chain crunch is having on Apple and Amazon.