Note: Yahoo Finance will use this space to provide up-to-the-minute briefings on the major indexes, breaking company news and other topics of interest to the market. Please check back for continuing coverage.
4:04 pm: Apple plans to make VR and AR headsets
Apple Inc. is working on a range of augmented and virtual-reality devices underpinned by a new 3-D sensor system, Bloomberg reports. The devices are reported to include an iPad Pro, a VR and AR headset, and a lighter AR headset.
4:00 pm: Stocks close mixed
S&P 500 (^GSPC): -0.2%, or 6.07 points
Dow (^DJI): +0.04%, or 10.25 points
Nasdaq (^IXIC): -0.13%, or 11.04 points
WTI crude oil prices: (CL=F): -0.63% to $56.88 per barrel
Gold (GC=F): -0.49% to $1,455.80 per ounce
3:20 pm: Ascension confirms working with Google on health-care information
St. Louis-based Ascension confirmed Google’s “Project Nightingale,” which the WSJ first reported has been collecting personal health data on Americans since last year.
1:48 pm: Google reportedly collecting American’s personal health-care information
Google has been working since last year with Ascension, one of the US’s largest health-care systems, to collect personal health information on Americans in 21 states, The Wall Street Journal reports. Google’s project is code-named “Project Nightingale”.
12:40 pm: T-Mobile’s Legere reportedly in talks to lead WeWork
The Wall Street Journal reports that T-Mobile’s (TMUS) colorful CEO, John Legere, is being courted to lead WeWork. The company’s hit rough shoals since its aborted attempt at going public, resulting in the ouster of founder Adam Neumann and a bailout by Japanese conglomerate Softbank.
T-Mobile’s stock was down over 1% on the day in a broadly weaker market.
11:42 am: Boeing set to return 737 MAX to the skies?
The aerospace giant is eyeing a December return of the embattled 737 MAX, which has been grounded since the spring, costing the company billions in cancelled orders and idling. Boeing (BA) is up over 3% on the headlines, adding to the session’s gains.
11:14 am: Beyond Meat insiders are cashing out
The alternative meat phenom’s top executives — including its CFO, chief people officer and growth chief — all dumped thousands of shares last week, according to a Bloomberg report. BYND is off by over 4% in midday trading.
10:46 am: Alibaba CMO says Singles’ Day sales are trending towards $37 billion
Alibaba (BABA) shares are down 1.3%.
Highlight: "This certainly is a very exciting day for us," @alibabagroup CMO Chris Tung says about $BABA Singles' Day. "We beat the number of last year around 4:30 this afternoon. So, we're making new records every minute we go. ... We're trending towards $37 billion right now." pic.twitter.com/wzb8vzsqmV
— Yahoo Finance (@YahooFinance) November 11, 2019
10:20 am: KKR reportedly flirting with a Walgreen’s buyout
Bloomberg is reporting that the private equity giant has approached the drug store chain about going private. If consummated, it could be the biggest ever leveraged buyout.
Walgreens Boots Alliance (WBA) has a market cap of $55.9 billion. Shares are up 6%.
9:44 am: Uber’s shares sandbagged by ‘Boycott Uber’
As if investors needed any more reasons to be bearish on Uber (UBER), an interview CEO Dara Khosrowshahi gave Axios has sparked a backlash, after he called the murder of a prominent Washington Post journalist by the Saudi Arabian government a “mistake.” His remarks prompted calls to uninstall the app, and drove down the stock 2% in early trading. This isn’t the first time Uber’s found itself caught in a political maelstrom.
9:30 am: Wall Street opens to the downside
Stocks take a breather as Wall Street opens for trading, with Hong Kong jitters and the U.S.-China trade war giving traders reason to book profits. Bond markets are closed for the Veterans Day holiday.
Here’s where markets were trading in the early session:
S&P 500 (^GSPC): -0.44%, or 13.5 points
Dow (^DJI): -0.44%, or 121 points
Nasdaq (^IXIC): -0.5%, or 45 points
10-year Treasury yield (^TNX): +0.0 bps to 1.94%
Gold (GC=F): -0.06% to $1,462 per ounce
9:04 am: Futures lower, Hong Kong and trade war weigh
Stocks looked poised to retreat at Monday’s opening bell on Wall Street, as continued unrest in Hong Kong weighed on major indexes, which hit new record highs last week.
Also top of mind was the U.S.-China trade war, with the White House sending conflicting signals on whether President Donald Trump is willing to roll back existing tariffs in a mini-deal with Beijing.
Here’s where the main indexes were trading ahead of the open:
S&P 500 futures (ES=F): -0.39%, or 12 points
Dow futures (YM=F): -0.43%, or 118 points
Nasdaq futures (NQ=F): -0.45%, or 36.75 points
WTI crude oil prices: (CL=F): -1.17% to $56.57 per barrel
Gold (GC=F): +0.03% to $1,463.40 per ounce