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US stock index futures fell for the third straight session on Wednesday, led by losses in rate-sensitive technology stocks on fears that rising inflation could force the US Federal Reserve to pare back its support soon. The yield on 10-year Treasury notes touched a one-week high, driving down shares of Apple Inc, Microsoft Corp and Facebook Inc by about 1 per cent premarket. Tech and other growth stocks are sensitive to yields as their value rests heavily on earnings years into the future, which are discounted more deeply when expectations of interest rates hikes rise. Investors will also...

Wall Street falls for third day on inflation jitters, crypto plunge 05/19/2021 | 12:09pm EDT Send by mail : Message : Required fields (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Crypto-related stocks take a hit as digital coins tumble * U.S. 10-year Treasury yield falls * Minutes from Fed's April meeting due at 2 p.m. ET * Indexes down: Dow 1.22%, S&P 1.07%, Nasdaq 0.87% May 19 (Reuters) - Wall Street's main indexes fell for the third straight session on Wednesday, as a steep fall in cryptocurrencies and fears over inflation ...

2 Min Read FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo (Reuters) - Wall Street’s main indexes remained lower on Wednesday after Fed minutes showed participants agreed the U.S. economy remained far from the Fed’s goals, with some eyeing a future discussion of tapering. A number of Fed policymakers thought that if the economy continued rapid progress, it would become appropriate “at some point” in upcoming meetings to begin discussing a tapering of monetary policy measu...

Progressive, Iovance fall; Target, Take-Two rise by The Associated Press Last Updated May 19, 2021 at 4:27 pm EDT NEW YORK (AP) — Target Corp., up $12.58 to $219.01. The retailer blew away Wall Street’s first-quarter profit and revenue forecasts. Take-Two Interactive Software Inc., up $11.66 to $179.35. The publisher of “Grand Theft Auto” and other video games reported strong fiscal fourth-quarter financial results. Tesla Inc., down $14.41 to $563.46. The electric vehicle maker’s sales in China reportedly slumped in April. Progressive Corp., down $4.98 to $101. The insurance company...

BRIEF-Take-Two Interactive Software Sees Q1 Revenue $730 Mln To $780 Mln Reuters 2 days ago * SEES Q1 GAAP EARNINGS PER SHARE $1.00 TO $1.10 * SEES FY GAAP EARNINGS PER SHARE $1.95 TO $2.20 * SEES FY REVENUE $3.14 BILLION TO $3.24 BILLION * SEES Q1 REVENUE $730 MILLION TO $780 MILLION * QTRLY GAAP NET REVENUE GREW 10% TO $839.4 MILLION, AS COMPARED TO $760.5 MILLION IN LAST YEAR'S FISCAL Q4 * QTRLY TOTAL NET BOOKINGS GREW 8% TO $784.5 MILLION * QTRLY EARNINGS PER SHARE $1.88 * EXPECT FISCAL 2022 TO BE SECOND CONSECUTIVE YEAR OF NET BOOKINGS IN EXCESS OF $3 BILLION. * Q1 NET BOOKINGS ARE EXP...