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US STOCKS-Wall Street set to slip at open after strong rebound

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* Discovery jumps on deal to merge with AT&T’s media unit

* ViacomCBS rises after report Soros scooped up stock

* Futures down: Dow 0.40%, S&P 0.38%, Nasdaq 0.52% (Adds comment, details; updates prices)

By Medha Singh and Sruthi Shankar

May 17 (Reuters) – U.S. stocks were headed for a lower open on Monday following the S&P 500’s biggest one-day jump in more than a month, with investors shifting their focus to retail earnings this week for clues on

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Pinterest Tanks Despite a Strong Quarter. What Wall Street Is Saying.

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Pinterest’s outlook for second-quarter growth was below Wall Street’s expectations.


Gabby Jones/Bloomberg


Pinterest

stock shed much of its 2021 gains Wednesday after the social media firm reported first-quarter results the evening before. Though the company’s earnings and revenue figures beat expectations, Wall Street honed in on disappointing user growth.

Shares of

Pinterest

(ticker: PINS) were down 13% to $67.49 in mid-day trading, while the S&P 500 index was flat. The drop cut the stock’s year-to-date gains to 2.5% and one-year gains to 223%.

Citi Research analyst
Jason Bazinet
noted that the company’s adjusted earnings and revenues were all

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Wall Street Rebounds on Strong Economic Data; Tech Earnings Take Center Stage

Bloomberg

Saudi Arabia in Talks to Sell Aramco Stake to Global Energy Firm

(Bloomberg) — Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast a rebounding economy in the aftermath of the coronavirus pandemic.The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to lock in customer demand for the country’s crude, Crown Prince Mohammed Bin Salman said in a rare interview on

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Wall Street rallies on strong economic data; tech in focus

(Reuters) -U.S. stocks rallied on Friday, driving the S&P 500 to a near-record closing high, after factory data and new home sales underscored a booming economy while megacap stocks rose in anticipation of strong earnings reports next week.

The bounceback follows a sell-off on Thursday when reports that U.S. President Joe Biden plans to almost double the capital gains tax spooked investors. Analysts dismissed the slide as a knee-jerk reaction and pointed to the strong outlook.

As the three major Wall Street indexes surged, the CBOE market volatility or “fear” index plunged almost 10% in a sign of tumbling investor

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