U.S. stocks off slightly after Fed keeps rate path

U.S. stock-market indexes opened marginally lower on Wednesday, retreating from recent all-time highs. The S&P 500 opened 2 points, or 0.1%, lower at 2,505. The Nasdaq Composite index inched 9 points, or 0.1% lower to 6,446. The Dow Jones Industrial Average was nearly unchanged at 22,411 at the open. Among the best performers on Wall Street, Advanced Micro Devices, Inc. surged after reports that Tesla was working with the chipmaker.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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Starbucks Maple Pecan Latte joins the pumpkin spice latte on the fall menu

Perhaps even Starbucks Corp. thinks maple will be the flavor of the season? The coffee chain announced that it will introduce the maple pecan latte starting Friday, a second fall flavor to share the menu with the ever-popular pumpkin spice latte. In a release, Starbucks points out that it has offered variations on the maple coffee drink, including the maple macchiato in the U.S. and Canada and the Golden Maple Latte in Singapore. Starbucks is also launching the Dark Mocha Frappuccino in the U.S. and Canada on Friday, a cold drink served with cocoa and topped with whipped cream. Starbucks shares are down 0.2% in early Thursday trading, and down 8.2% for the last three months. The S&P 500 index is up nearly 3% for the past three months.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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Trump says U.S. will put more sanctions on North Korea

President Donald Trump said Thursday the U.S. “will be putting more sanctions on North Korea.” He was responding to a shouted question by a reporter at a meeting with the president of Afghanistan and did not elaborate. Trump is holding a final day of meetings at the United Nations and is expected to focus his attention on North Korea in meetings with the leaders of Japan and South Korea. Treasury Secretary Steven Mnuchin, whose agency oversees sanctions, is scheduled to brief reporters at 3 p.m. Eastern, the White House said without specifying a topic. 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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Whole Foods launching plant-based tuna alternative for sushi

Whole Foods announced Wednesday that it’s launching a plant-based tuna alternative for the raw tuna in sushi on November 1 in select locations in New York City and Los Angeles. The vegan alternative, Ahimi, is made with tomatoes and “umami-rich” ingredients and was created by Ocean Hugger Foods,, which specializes in making plant alternatives to seafood. Ahimi will be available in the Ahimi Nigri and Roll Combo and the Ahimi California Roll. Whole Foods was acquired by Amazon.com Inc. this summer. Amazon shares are down 0.7% in Thursday trading and up 28.8% for the year so far. The S&P 500 index is up 11.7% for 2017 so far.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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Apple’s stock drops a second straight session, slashes 20 points from Dow

The Dow Jones Industrial Average was retreating from record territory on Thursday morning, weighed by a sharp fall in shares of Apple. Apple Inc. shares were down 2%, or $3.12, cutting about 20 points from the price-weighted Dow and threatening to lead blue-chip laggards for a second straight session. On Wednesday, shares of the Cupertino, Calif-based iPhone maker skidded on reports that the tech giant was experiencing connectivity problems with the latest iteration of its iWatch. The Dow was off 30 points, or 0.1%, at 22,382, after briefly touching an all-time high at 22,419.51. The S&P 500 index , meanwhile, was down 8 points, or 0.3%, at 2,500, while the technology-laden Nasdaq Composite Index was off 45 points, or 0.7%, at 6,410. 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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Janney downgrades Calgon Carbon stock to sell, says Kuraray is overpaying for company

Janney analysts downgraded the stock of water and air purification products provider Calgon Carbon Inc. to sell from neutral Thursday, after the company was acquired by Japan’s Kuraray Co. Ltd. in a deal with an equity value of $1.1 billion. The deal offers a roughly 60% premium, and the stock shot up about 61% in early trade. “Our quick thoughts are that Kuraray overpaid for shares,” analysts wrote in a note. “Additionally, we see risk given that CCC has a specialty carbon business that supplies the U.S. military with gas masks and other personal protection items, so a foreign buyer could be an issue for U.S. government approval.” Janney is recommending investors sell the stock and buy Rexnord Corp. or Mueller Water Products Inc. , which they described as their best value picks in the industrial space. Rexnord shares were down slightly, while Mueller shares were up 0.1%. The S&P 500 was 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.

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Amazon hiring 2,000 workers in New York including IT and finance pros, opening Manhattan office

Amazon.com Inc. said Thursday that it will create 2,000 jobs in New York City over the next three years, and open a new Manhattan office in 2018. The office will be the primary New York location for Amazon Advertising and cover 360,000 square feet. The jobs will be in areas like IT, finance and design, and these new staffers will support the aforementioned advertising business, Amazon Web Services, Amazon Fashion, and other divisions. Amazon already has 1,800 employees in Manhattan, and recently announced a new fulfillment center in Staten Island. Amazon is searching for a city to house its second headquarters. Amazon shares are down 1.1% in Thursday trading, but up 28.4% for the year so far. The S&P 500 index is up 11.7% for 2017 to date.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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Natural-gas prices extend losses as EIA reports U.S. supply rise of 97 billion cubic feet

Data from the U.S. Energy Information Administration on Thursday showed that domestic supplies of natural gas rose by 97 billion cubic feet for the week ended Sept. 15. Analysts and traders expected inventories to grow by 89 billion cubic feet, according to Dow Jones. Total stocks now stand at 3.408 trillion cubic feet, down 136 billion cubic feet from a year ago, but 67 billion cubic feet above the five-year average, the government said. October natural gas was down 10.8 cents, 3.5%, from Wednesday’s settlement to $2.986 per million British thermal units. It traded at $3.029 before the data. 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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GoPro shares bounce back after three-day losing streak

Shares of GoPro Inc. were soaring 6% Thursday morning, bouncing back after losing 7.5% over the past three days. That led a a week-to-date drop of 2.4%, while the S&P 500 gained less than 1%. Shares of GoPro have gained 28% in the past month, outperforming the S&P 500 , which gained 3%. GoPro’s stock closed at a 10.5 month high on Sept. 15, at a price of $11.52. 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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Mattel, Hasbro shares bounce sharply as large customer Toys ‘R’ Us files for bankruptcy

Shares of Mattel Inc. and Hasbro Inc. bounced sharply in morning trade Tuesday, despite the bankruptcy filing of Toys ‘R’ Us, which was the second-biggest customer of both toy makers in 2016. Mattel’s stock climbed 3.2%, after closing Monday at an 8-year low. Toys ‘R’ Us accounted for 11% of Mattel’s sales last year. Hasbro’s stock rallied 2.9%, after closing earlier this month at a 7-month low; Toys ‘R’ Us accounted for 9% of Hasbro’s 2016 sales. UBS analyst Arpine Kocharyan wrote in a note to clients that although bankruptcies can be disruptive to industries in the near term, similar cases have not over time impacted toy industry growth, as demand has been picked up by other channels. Meanwhile, Jakks Pacific Inc.’s stock shed 1.8% toward a record low; Toys ‘R’ Us was Jakks third-largest customer last year, accounting for 9.4% of 2016 sales. 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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