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Japan's Takuma Sato wins Indianapolis 500External Link

Takuma Sato became the first Japanese driver to win the Indianapolis 500, pulling away in the final laps at the 101st running of the race Sunday. Sato passed three-time Indy 500 winner Helio Castroneves with five laps remaining and held on for the victory. Castroneves finished second. It was just the second career IndyCar win for Sato, a former Formula One driver. Fernando Alonso, a two-time Formula One champion, was impressive in his Indy 500 debut, but was forced from the race with 21 laps remaining due to engine problems. Cars made by Honda Motor Co. dominated the race, claiming six of the top 10 spots, including Sato's winning car.

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.


Mon, 29 May 2017 00:51:23 GMT
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North Korea launches 9th missile test this yearExternal Link

North Korea test-fired another ballistic missile early Monday, upping the ante amid rising tensions with the U.S. The missile was fired from a base on North Korea's east coast and flew for about six minutes before falling into the Sea of Japan, according to South Korea's Yonhap News. South Korea's military confirmed the report, saying "North Korea launched an unidentified projectile from a site in the vicinity of Wonsan in Gangwon Province at dawn today." The launch was the ninth this year by North Korea, which is believed to be steadily advancing toward a missile that can reach the continental United States. The White House said Sunday that the president had been briefed on the launch. The test comes a day after Voice of American reported a third U.S. carrier strike force was being deployed to the region.

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.


Sun, 28 May 2017 22:26:21 GMT
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Snap acquires drone startup: ReportExternal Link

Snap Inc. paid less than $1 million dollars for a failing drone startup, according to a Friday afternoon report. Buzzfeed News reported that Snap acquired Ctrl Me Robotics Inc. as the startup, based in the same Southern California city as the Snapchat parent company, was winding down operations. Ctrl Me was founded to develop a system for capturing movie-quality aerial video, according to the report, and the founder and some technology is included in the small acquisition. Snap has released one hardware product, sunglasses called Spectacles that capture video for the company's mobile app. The consumer-drone industry has suffered of late amid dominance from Chinese drone manufacturer DJI. Snap had a large IPO in March, but has struggled since, including a huge drop after its first earnings report as a public company showed a $2.2 billion quarterly loss. Snap shares closed with a 3.2% decline at $21.22 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.


Fri, 26 May 2017 23:24:38 GMT
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Nasdaq, S&P 500 edge higher to close at recordsExternal Link

The tech-heavy Nasdaq and the S&P 500 closed at records Friday as stocks finished higher for the week ahead of the Memorial Day holiday. The S&P 500 index finished up 0.75 points at a record 2,415.82, led by gains in the consumer-staples and consumer-discretionary sectors. The Nasdaq Composite Index closed up 4.94 points, or less than 0.1%, at a record 6,210.19. Both benchmarks finished for a seventh day of gains. The Dow Jones Industrial Average declined 2.67 points to close at 21,080.28, less than 40 points shy of its March 1 closing record. For the week, the Dow finished up 1.3% and the S&P 500 gained 1.4%, both snapping a two-week streak of finishing lower, while the Nasdaq advanced 2.1%.

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.


Fri, 26 May 2017 20:08:45 GMT
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Oil gains for the day, pares loss for the weekExternal Link

Oil futures settled higher Friday, paring their loss for the week down to about 1.7%. Prices rebounded following a nearly 5% drop a day earlier, which was fueled by traders' disappointment that OPEC didn't take more aggressive measures to lower crude production. July WTI crude rose 90 cents, or 1.8%, to settle $49.80 a barrel on the New York Mercantile Exchange.

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.


Fri, 26 May 2017 18:56:46 GMT
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