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1. Abiomed to join S&P 500, stock slips after hours01:10[−]

Abiomed Inc. will join the S&P 500 index replacing Wyndham Worldwide Corp. , S&P Dow Jones Indices said late Friday. The Danvers, Mass. based medical device company is expected to move to the S&P 500 before the opening of trading on May 31 as it is more representative of the index than Wyndham, S&P said. Shares of Abiomed declined 2.9% after hours, following a 0.1% decline to close the regular session at $394.28.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


2. Eidos Therapeutics files for initial public offering00:46[−]

Eidos Therapeutics Inc. plans to launch an initial public offering, according to a Securities and Exchange Commission filing late Friday. The Palo Alto, Calif.-based biotech drug developer said it plans to raise up to $115 million, although amounts listed in initial filings are usually placeholders that are revised in later filings. Eidos said it plans to use 80% of proceeds to help fund clinical trials for its drug candidate AG10 for the treatment of transthyretin amyloidosis, a condition where protein deposits build around organs and cause damage. J.P. Morgan, Bank of America Merrill Lynch and Barclays are listed among the underwriters. The company has already raised $64 million in venture capital funding, according to Crunchbase. The company, which has yet to produce revenue, reported a loss of $11.9 million in 2017, and a loss of $15.6 million in the quarter ended March 31, 2018. Eidos plans to list under the ticker "EIDX" on the Nasdaq.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


3. Moody's puts Italy's debt rating on downgrade review00:21[−]

Moody's Investors Service late Friday placed Italy's debt rating on review for a downgrade, saying the country's faces "significant risk of a material weakening" in its fiscal strength given the plans of its new anti-establishment coalition government. Italy could also see some of its reform efforts stall and past reforms could be reversed, the ratings agency said. The review allows Moody's to seek more clarity on the new government's plans, which include calls for a flat tax and universal income. The Moody's action comes after Italy's new coalition between the 5 Star Movement and the League was granted authority to form a coalition government by President Sergio Mattarella. The parties have vowed to challenge the EU's budget rules and slash taxes, while increasing fiscal spending. Moody's rates Italian debt Baa2, two notches above "junk" status.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


4. SoulCycle abandons IPO, citing 'market conditions'Пт., 25 мая[−]

SoulCycle Inc. on Friday withdrew its application for an initial public offering, saying in a letter to the Securities and Exchange Commission it had decided not to pursue it "due to market conditions." The company, whose stationary-bicycle studios have garnered a large following as well as some derision, filed to sell up to $100 million in shares in 2015, saying that it was planning to list on the New York Stock Exchange under the symbol SLCY. It had filed as an "emerging growth" company, which face fewer reporting requirements.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


5. U.S. stocks close mostly lower but book weekly gainsПт., 25 мая[−]

U.S. stocks closed mostly lower on Friday, largely due to a selloff in energy shares. The S&P 500 energy sectors slumped 2.6%, weighing on the broader index. But all three main benchmarks posted weekly gains. The Dow Jones Industrial Average closed 58.67 points, or 0.2%, lower at 24,753.09, but posted a 0.2% weekly gain. The S&P 500 index fell 6.43 points, or 0.2% to 2,721.33 but ended the week 0.3% higher. Meanwhile the Nasdaq Composite advanced 9.42 points, or 0.1% to 7,433.85 and gained 1.1% over the week. Among the worst performers on the S&P 500, Gap Inc. shares fell 15% as the retailer reported disappointing earnings.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


6. Tesla flies in new battery-production line to 'gigafactory': reportПт., 25 мая[−]

Six planes "full of robots and equipment" were flown in to Tesla Inc.'s battery factory outside Reno, Nev. from Europe on a costly bid to speed up battery production for Tesla's Model 3 mass-market sedan, according to a Reuters report Friday that cited people familiar with the matter. Tesla has declined to comment, according to the report. The shipments began arriving this week but it was not clear when the new system would be ready, Reuters said. Tesla shares were poised to end the week flat, contrasting with a 0.1% advance for the S&P 500 index.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


7. U.S. oil benchmark ends at more than 3-week lowПт., 25 мая[−]

U.S. oil benchmark futures dropped Friday on news that the Organization of the Petroleum Exporting Countries and Russia are discussing a possible increase in production to help offset supply declines in Venezuela and Iran. July West Texas Intermediate crude fell $2.83, or 4%, to settle at $67.88 a barrel on the New York Mercantile Exchange. For the week, prices lost about 4.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


8. Tesla announces slew of 'key' hires, says more hiring to comeПт., 25 мая[−]

Tesla Inc. on Friday announced several executive hires, including a new vice president of engineering and a chief financial officer for its China business. Stuart Bowers, the engineering VP, joined from Snap Inc. and is responsible for Tesla's software and hardware engineering, Tesla said in a blog post. Neeraj Manrao, previously at Apple Inc. , has joined as director of energy manufacturing. Kevin Mukai has been named director of production engineering for Tesla's Nevada battery factory. James Zhou is Tesla's new CFO for China. The hiring spree comes after a few high-profile executives left Tesla in recent weeks. Tesla shares were poised to end the week 0.1% higher, compared with a 0.2% advance for the S&P 500 index . "We're excited to welcome a group of such talented people as we continue to ramp Model 3 and accelerate towards a more sustainable future. We'll be announcing more hires in the coming days, so stay tuned," the company said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


9. Chesapeake Energy's stock suffers biggest drop in 2 years, after oil prices plungeПт., 25 мая[−]

Shares of Chesapeake Energy Corp. plunged 9.8% in active afternoon trade Fiday, putting them on track for the biggest one-day selloff in two years, as oil prices tumbled toward the lowest levels seen in weeks. Trading volume reached 55.4 million shares, enough to make the stock the most actively traded on the New York Stock Exchange. The selloff would be the biggest one-day percentage decline since it tumbled 10.7% on May 9, 2016. Weighing on the oil and gas company's stock was the 4.2% plunge in crude oil futures prices , which was triggered by talk that Russia and the OPEC oil cartel could increase output. The stock has gained 3.7% year to date, while the SPDR Energy Select Sector ETF has tacked on 2.8% and the S&P 500 has edged up 1.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


10. Gold prices end slightly lower for the day, but gain for the weekПт., 25 мая[−]

Gold prices settled with a modest loss on Friday, holding above the key $1,300 an ounce as uncertainty surrounding geopolitical risks tied to North Korea helped to offset pressure from a stronger U.S. dollar. The settlement above $1,300 "may indicate the worst of the selling is over," said Mark O'Byrne, research director at GoldCore. "Despite the short term technical risks, the medium and long term outlook remains bullish. Elevated geopolitical risk should see safe haven demand remain robust." June gold fell 70 cents, or less than 0.1%, to settle at $1,303.70 an ounce. It rose roughly 1% for the week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


11. U.S. oil-rig count makes biggest weekly climb since FebruaryПт., 25 мая[−]

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up 15 at 859 this week. That was the largest weekly rise since the week ended Feb. 9. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 13 to 1,059, according to Baker Hughes. July West Texas Intermediate crude fell further after the rig data, down $3.10, or 4.4%, to $67.61 a barrel, compared with $67.75 a barrel before the Baker Hughes numbers.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


12. Pepsi acquires healthy-snack maker Bare FoodsПт., 25 мая[−]

PepsiCo Inc. said Friday that it has reached an agreement to acquire Bare Foods Co., a U.S.-based food company making fruit- and vegetable-based snacks. Details of the transaction were not disclosed. Bare Foods, which does business as Bare Snacks, was founded in 2001 by a family-owned apple farm in Washington state, selling packaged baked apple chips. It has expanded into other fruits and, more recently, vegetables. When the deal closes, Bare Foods will continue to operate independently out of its San Francisco headquarters. PepsiCo shares are down 15% for the past year while the S&P 500 index is up 12.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


13. Trump administration tells Congress it has deal to revive ZTE: N.Y. TimesПт., 25 мая[−]

The Trump administration has told lawmakers it has reached a deal that would keep Chinese telecom firm ZTE alive, the New York Times reported, citing a person described as familiar with the matter. Under an agreement brokered by the Commerce Department, ZTE would pay a substantial fine, hire American compliance officers to be placed at the company and make changes to its current management team, the report said. In return, the Commerce Department would lift what's known as a denial order that is now preventing ZTE from buying American products. ZTE was banned from buying U.S. technology components for seven years, as punishment for violating U.S. sanctions against Iran and North Korea.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


14. U.S. oil futures are plunging and threatening to knife below a key line in the sandПт., 25 мая[−]

Crude-oil prices plunged Friday midday, putting the commodity on the brink of sliding below a closely followed trend line, with oil futures taking a beating on news that the Organization of the Petroleum Exporting Countries and Russia are considering lifting production caps. Most recently, June oil futures were recently down 4.3% at $67.67 a barrel, just above its 50-day moving average at $67.54, according to FactSet data. Market technicians sometimes use moving averages as a dividing line between bullish and bearish momentum in an asset. West Texas Intermediate crude oil trading on the New York Mercantile Exchange--the U.S. benchmark--hasn't broken below its 50-day moving average since early April. To be sure, oil has been a strong performer, of late, last week hitting a 3 1/2-year peak and rising 6.6% over the past three months, while the Dow Jones Industrial Average is down 2.2% over the same period and the S&P 500 index has lost 1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


15. Fed sticks to four press conferences per year as 2019 schedule rolled outПт., 25 мая[−]

A schedule for 2019 meetings of the Federal Open Market Committee show there's still four press conferences per year. There had been speculation the Fed would move to more frequent press conferences, since the central bank has only lifted interest rates this cycle when there's a press conference. Overall, there's 8 meetings for 2019, the schedule shows, the same number as in recent years.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


16. Airline stocks surge to fuel the Dow transports' rally, as oil prices tumbleПт., 25 мая[−]

Airline stocks soared Friday, giving a big boost to the Dow Jones Transportation Average , with the tumbled in crude oil prices helping fuel the rally. The NYSE Arca Airline Index rallied 3.0%. The Dow transports top gainers were all airline stocks: Alaska Air Group Inc.'s climbed 4.4%; American Airlines Group Inc.'s rose 4.1%; Southwest Airlines Co.'s ran up 3.9%; JetBlue Airways Corp.'s advanced 3.2%; Delta Air Lines Inc.'s tacked on 2.6%; and United Continental Holdings Inc.'s gained 2.2%. The combined price gains of the airline stocks added about 61 points to the Dow Transports' price, which was up 82 points, or 0.8%, in midday trade. That compares with the 35-point drop in the Dow Jones Industrial Average . Crude oil futures tumbled 4.1% on reports that Russia and OPEC will boost production.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


17. White House reportedly working on new tax-cut packageПт., 25 мая[−]

The White House is reportedly working on another package of tax cuts, with the main focus on making individual rate reductions permanent. Marc Short, White House director of legislative affairs, told reporters the administration is working on another package to be introduced by the end of the summer. Under the law President Donald Trump signed in December, the corporate rate cut does not expire but individual cuts lapse after 2025.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


18. Chevron, Exxon Mobil stock selloffs cutting nearly 40 points off the DowПт., 25 мая[−]

Investors can blame the Dow Jones Industrial Average's decline Friday on two stocks, those of Chevron Corp. and Exxon Mobil Corp. , which are shaving a combined 36 points off the Dow as oil prices sink. Chevron shares were the Dow's biggest losers, as they shed 3.0%, with the price decline of $3.84 taking about 26 points off the Dow. Exxon's stock slumped $1.45, or 1.8%, to reduce the Dow's price by about 10 points. Meanwhile, the Dow was down just 7 points. Crude oil futures tumbled 3.5%, as Russia and the Organization of Petroleum Exporting Countries (OPEC) are reportedly discussing boosting supply.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


19. Roku stock gains after Citron changes to long position, says Netflix could acquire the companyПт., 25 мая[−]

Roku Inc. shares are up 4.5% in Friday trading after short sellers at Citron Research said they had changed their stance on Roku and now have a long position in the stock. "Roku is trading at the largest discount ever to over-the-top peers despite being the only OTT pure play that generates ad revenue," wrote the Citron team in a report. "With the recent surge in Netflix Inc. stock, Netflix could look towards advertising to generate new revenue and could easily acquire Roku." Citron initiated a short position in Roku in late November. Shares are up 168% from Roku's September IPO price of $14.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


20. Tropical Storm Alberto forms over western Caribbean as first named storm of the hurricane seasonПт., 25 мая[−]

Tropical Storm Alberto has formed over the western Caribbean Friday, to become the first named storm of the 2018 Atlantic hurricane season. The National Hurricane Center said Alberto will bring heavy rainfall to the Yucatan Peninsula, Western Cuba, Florida and the Northeastern Gulf Coast over the weekend. The storm is currently about 55 miles south of Cozumel in Mexico and about 195 miles southwest of the western tip of Cuba, the NHC said in its latest advisory. It has maximum sustained winds of 40 miles an hour.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


21. Stocks open mostly lower as energy shares sell offПт., 25 мая[−]

U.S. stocks opened slightly lower on Friday, as selling in energy shares weighed on the main indexes. The main benchmarks looked set to finish the week with modest gains, however. The Dow Jones Industrial Average opened 26 points, or 0.1%, lower to 24,782. The S&P 500 index fell 3 points, or 0.1% to 2,724 at the open. Meanwhile the Nasdaq Composite inched 6 points, or 0.1% higher to 7,430. Among the worst performers on the S&P 500, Gap Inc. shares tumbled 10% as the retailer reported disappointing earnings.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


22. Herbalife's stock tumbles after Carl Icahn looks to sell off up to a quarter of his stakeПт., 25 мая[−]

Shares of Herbalife Nutrition Ltd. tumbled 7.3% in morning trade Friday, after its largest shareholder, Icahn Enterprises LP disclosed that it was looking to trim its stake. Icahn Enterprises (IEP) said it was tendering up to 11.4 million Herbalife shares, or about a quarter of the 45.7 million shares, or 25.9% of the outstanding shares, it currently owns. Icahn Enterprises first acquired Herbalife shares at the end of 2012. Since then, of the 29 positions IEP holds, only three have been held longer than Herbalife. "For almost six years, we have been one of Herbalife's strongest, most loyal supporters; we stood by the company through a half-decade long short-selling campaign; and we never sold a share, even after our investment doubled, said IEP Chairman Carl Icahn in a statement. "But, given that our Herbalife investment has become an outsized position, representing approximately 24% exposure to total [net asset value], it is only prudent for IEP to reduce its exposure." In February, Bill Ackman's hedge fund Pershing Square Capital reportedly exited its $1 billion short bet on Herbalife. Herbalife shares have soared 59% year to date through Thursday, while the S&P 500 has gained 2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


23. Energy ETF falls as OPEC, Russia mull output increaseПт., 25 мая[−]

The largest exchange-traded fund to track the energy sector tumbled in premarket trading on Friday, after reports that OPEC and Russia are considering lifting oil production. The Energy Select Sector SPDR ETF lost 1.8% in heavy premarket trading. Among its major components, Exxon Mobil Corp. lost 1.2% and Chevron Corp. was down 1.7%. The report suggested that OPEC and Russia could lift production by as much as 1 million barrels a day. The fund has been a strong performer of late, having gained more than 13% since the start of April, a gain that has in large part come on rising commodity prices. Futures for the Dow Jones Industrial Average fell 0.2% while futures for the S&P 500 were down 0.3%. Futures for the Nasdaq 100 were flat.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


24. Buckle's stock sinks after profit beat expectations, but revenue missedПт., 25 мая[−]

Shares of Buckle Inc. sank 4.5% in premarket trade Friday, after the apparel and accessories retailer beat fiscal first-quarter profit expectations, but missed no revenue. Net income for the quarter to May 5 rose to $18.3 million, or 38 cents a share, from $16.3 million, or 34 cents a share, in the same period a year ago. The FactSet consensus for earnings per share was 36 cents. Revenue declined 3.5% to $204.9 million, below the FactSet consensus of $207.5 million. Same-store sales fell 3.1%, but beat expectations of a 3.3% decline, while online sales increased 6.1%. The stock has rallied 17.1% over the past three months through Thursday, while the SPDR S&P Retail ETF has tacked on 1.5% and the S&P 500 has slipped 0.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


25. PayPal stock rises after Stifel turns bullishПт., 25 мая[−]

Shares of PayPal Holdings Inc. are up 1.3% in premarket trading Friday after Stifel analyst Scott Devitt raised his rating on the stock to buy from hold. Devitt's upgrade comes on the heels of the company's second-ever investor day, which took place Thursday in San Francisco. "We believe PayPal is still in the early stages of its transformation from a button/online checkout company to a global payments platform with a sizable addressable market opportunity," Devitt wrote. He highlighted management's commentary around consumer choice, a once-controversial decision by PayPal to no longer steer customers away from funding their transactions with payment methods that are relatively more expensive for PayPal, such as credit cards. The company said Thursday that even with consumer choice in place, 70% of users have a lower-cost funding method as their preference. Devitt raised his price target to $99 from $82. He'd been on the sidelines for a year. PayPal shares are up 60% over the past 12 months, while the S&P 500 has gained 13%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


26. Harvey Weinstein surrenders to police in New York to face sex-crime chargesПт., 25 мая[−]

Film producer Harvey Weinstein surrendered to New York City police early Friday and was arrested on charges that include rape, according to media reports. The charges are that he raped one woman and forced another to perform oral sex on him, CNN reported. But Manhattan prosecutors are reported to be investigating other charges against the disgraced mogul, while separate investigations are under way in London and Los Angeles. The charges come just months after a stream of women told the New York Times and New Yorker magazine that Weinstein had sexually attacked or abused them in meetings going back 20 years and more. Many were young actresses and models who were just starting their careers. Weinstein has been moved to Manhattan Criminal Court and will face criminal sex charges later Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


27. Foot Locker's stock soars after profit and sales beat expectationsПт., 25 мая[−]

Shares of Foot Locker Inc. soared 12% in premarket trade Friday, after the specialty athletic retailer reported fiscal first-quarter profit and sales that beat expectations. Net income for the quarter to May 5 was $165 million, or $1.38 a share, compared with $180 million, or $1.36 a share, in the same period a year ago. Excluding non-recurring items, such as a $12 million charge related to pension litigation, adjusted earnings per share came to $1.45, above the FactSet consensus of $1.25. Revenue rose 1.2% to $2.03 billion, above the FactSet consensus of $1.96 billion, as the 2.8% decline in same-store sales beat expectations of a 3.9% decline. Gross margin rate was 32.9% compared with 34.0% last year and merchandise inventories declined 5.4% to $1.21 billion. "The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors," said Chief Executive Richard Johnson. The stock had slipped 3.9% over the past three months through Thursday, while the SPDR S&P Retail ETF had gained 1.5% and the S&P 500 had eased 0.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


28. Hibbett Sports shares slide 10% premarket after earnings fall short of estimatesПт., 25 мая[−]

Shares of Hibbett Sports Inc. slid more than 10% Friday, after the company's first-quarter earnings fell short of estimates. The sports retailer said it had net income of $21.5 million, or $1.12 a share, in the quarter, up from $20.9 million, or 97 cents a share, in the year-earlier period. Sales fell 0.4% to $274.7 million from $275.7 million. The FactSet consensus was for EPS of $1.15 and sales of $277 million. Same-store sales fell 0.3%, compared with a FactSet consensus of up 1.0%. "Branded apparel was especially strong during the quarter with comparable store sales in the high single-digit range, while footwear and cleats were positive as well," Chief Executive Jeff Rosenthal said in a statement. "E-commerce sales continued to perform above expectations and represented approximately 7% of total sales for the quarter." The company is sticking with its fiscal 2019 EPS guidance of $1.65 to $1.95. The current FactSet consensus is $1.85. Shares have gained 42% in the year so far, while the S&P 500 has gained 2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


29. Acorn International to pay special dividend of $14.97 per ADSПт., 25 мая[−]

China-based Acorn International Inc. said Friday it will pay a one-time cash dividend of $14.97 per American despositary share, to holders of the marketing and branding company's ordinary shares on June 4. The dividend represents a payment of about $40 million. The dividend represents 60% of Thursday's stock closing price of $25.01. "Our shareholders have repeatedly pointed out the opportunity to unlock value on our balance sheet, create liquidity and return cash to shareholders," said Chief Executive Jacob Fisch. "In response to this and following the recent sale of our wholly-owned Hong Kong subsidiary Bright Rainbow Investments Limited, and underlying non-core assets, in Q1 this year, our board has approved this return of capital to our shareholders." The stock, which was still inactive in premarket trade, has rallied 42% year to date, while the S&P 500 has gained 2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


30. Apple wins $539 million in damages from SamsungПт., 25 мая[−]

A jury awarded Apple Inc. $539 million in damages from Samsung Electronics Co. Thursday in a lawsuit over smartphone tech. Apple stock was up a fraction in the extended session and closed up 0.1% to $188.15 during regular trading. Apple had sought $1 billion in the retrial of the 2012 case, and Samsung argued it should pay only $28 million. The bulk of the damages revolved around design patents, which the jury said Samsung must pay $533.3 million for. The remaining $5.3 million the jury awarded for utility patents. Apple stock has gained 11% this year. The S&P 500 index gained 2% this year and the Dow Jones Industrial Average , of which Apple is a component, rose 0.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



 
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