• The White House is open to a broader coronavirus stimulus plan, communications director Alyssa Farah said Thursday.
  • President Donald Trump pulled out of stimulus talks on Tuesday and called for standalone bills for certain sectors, such as the airline industry.
  • House Speaker Nancy Pelosi has said she would not agree to airline relief without a wider stimulus bill.
  • Pelosi and Treasury Secretary Steven Mnuchin spoke about a comprehensive relief package in a 40-minute phonecall on Thursday afternoon.
  • Mnuchin made it clear President Donald Trump was open to a “comprehensive” funding package, Pelosi’s spokesman said.
  • Visit Business Insider’s homepage for more stories.

The Trump administration indicated on Thursday night that it was open to a broader coronavirus stimulus package — despite President Donald Trump pulling out of funding talks on Tuesday and calling for standalone relief bills.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had a 40-minute phone call

Read More

U.S. stock-market benchmarks booked gains on Thursday and the Nasdaq closed at a record high, as investors rushed to large-capitalization technology and e-commerce shares for safety, after a pair of economic reports set off concerns about the broader U.S. economy’s tenuous recovery from the coronavirus epidemic.

How are stock benchmarks performing?

The Dow Jones Industrial Average

gained 46.85 points, or 0.2%, to end at 27,739.73, fending of a four-session losing streak. The S&P 500

rose by 10.66 points, or 0.3%, to close at 3,385.51. The Nasdaq Composite

climbed 118.49 points, or 1.1%, to wrap up at 11,264.95, marking its 35th record of 2020.

The Nasdaq-100 index
populated by the biggest companies in the Nasdaq Composite, also closed at a record, up 158.40 points, or 1.4%, at 11,477.05, while the small-capitalization stocks Russell 2000 index

finished around 0.5% lower.


Read More

Anaplan (PLAN) closed at $47.63 in the latest trading session, marking a -1.14% move from the prior day. This change lagged the S&P 500’s daily loss of 0.44%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.57%.

Prior to today’s trading, shares of the software developer had gained 6.26% over the past month. This has lagged the Computer and Technology sector’s gain of 6.81% and outpaced the S&P 500’s gain of 5.27% in that time.

PLAN will be looking to display strength as it nears its next earnings release, which is expected to be August 26, 2020. In that report, analysts expect PLAN to post earnings of -$0.12 per share. This would mark no growth from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $103.80 million, up 22.78% from the prior-year quarter.

PLAN’s full-year Zacks Consensus Estimates are calling for earnings of -$0.43

Read More