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EBay founder Omidyar to leave PayPal boardExternal Link

EBay Inc. founder Pierre Omidyar on Monday informed PayPal Holdings Inc. he won't stand for re-election to the payment company's board, PayPal said in a filing Friday. Omidyar's term expires at the company's shareholder meeting later this year. Omidyar's decision "was not a result of any disagreement with the company," PayPal said. PayPal, spun off from eBay in 2015, held last year's annual meeting in May and so far does not appear to have scheduled its 2017 meeting. Shares of the company were flat in late trading after ending the regular session down less than 0.1%.

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, 24 Mar 2017 19:53:20 GMT
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S&P 500 and Dow finish lower as Republicans withdraw health-care billExternal Link

U.S. stocks ended mostly lower on Friday as House Republicans withdrew the American Health Care Act after determining that they did not have enough votes to pass the bill. The withdrawal is a major setback for President Donald Trump who had made the repeal and the replacement of the existing Affordable Care Act one of his main campaign pledges. The S&P 500 dropped 1 point to close at 2,344, down 1.4% for the week. The Dow Jones Industrial Average fell 57 points, or 0.3%, to end at 20,599 for a weekly decline of 1.5%. The Nasdaq Composite bucked the trend to rise 11 points, or 0.2%, to close at 5,828 but finished out the week 1.2% lower.

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, 24 Mar 2017 19:06:02 GMT
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Wall Street 'fear gauge' touches highest level since November amid drama over health-care billExternal Link

A popular measure of implied volatility on Friday hit its highest level since November, as the likelihood of a key health-care vote came into question. The CBOE Volatility Index, also known as the VIX , , jumped nearly 7% to 14.16 on Friday, pushing it above its 200-day moving average of 13.54 for the first time since December. The spike in the VIX caps six consecutive days of advances in the gauge. The VIX measures market expectations for volatility over the next 30 days. The rise in the "fear gauge" comes as stocks faced choppy afternoon trade, with the Dow Jones Industrial Average falling by as much as 100 points before recovering some of those losses later. The blue-chip gauge is off 0.1% at 20,635, the S&P 500 is down 0.1% at 2,348, while the Nasdaq Composite Index , bucking the trend, was up 0.4% at 5,842.

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, 24 Mar 2017 18:49:38 GMT
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Ryan to hold news conference at 4 p.m. EasternExternal Link

House Speaker Paul Ryan will hold a news conference at 4 p.m. Eastern, his office announced. The event comes as Republicans were planning to vote on their health-care bill Friday afternoon and reports said the bill has been pulled.

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, 24 Mar 2017 18:38:32 GMT
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Oil prices gain for the session, but fall for the weekExternal Link

Oil prices settled higher on Friday, as traders waited to hear the outcome of a meeting Sunday of major crude producers to discuss compliance with the output cut deal that was implemented at the start of the year. For the week, however, prices still lost roughly 1.7% as growing U.S. production threatened to offset the impact of the global output cuts. May West Texas Intermediate crude rose 27 cents, or 0.6%, to settle at $47.97 a barrel.

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, 24 Mar 2017 17:43:43 GMT
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