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More drug savings on the horizon could help millions of Americans

There is an old saying on Wall Street: stocks take the escalator up and the elevator down. But over the past few years, investors have flipped this tendency on its head.

Stifel cheers roughly 25% upside as Micron makes a bigger push with high-bandwidth memory and sees DRAM supply tighten.

Shares of Big Lots Inc. rallied Thursday to reverse an earlier sharp loss after the discount home-essentials retailer provided an upbeat gross-margin outlook and said same-store sales may bring an end to the long quarterly streak of declines.

Kroger’s stock leaped toward a near two-year high Thursday, after the grocery chain reported quarterly profit and same-store sales that beat expectations, and indicated it was still pursuing its acquisition of Albertsons Companies Inc. despite regulatory pushback.

Overall productivity unrevised at 3.2% annual rate

Stock falls early Thursday.

The U.S. international trade deficit widened 5.1% in January to $67.4 billion, the Commerce Department said Thursday. It is the largest trade gap since last April.

The number of Americans who applied for unemployment benefits last week was unchanged at 217,000, leaving them at very low levels and suggesting little deterioration in a strong U.S. labor market.

Move will speed up development of LSD-based drug as a treatment for generalized anxiety disorder.

The stock is on pace for the longest such streak since the nine-week streak that ended Feb. 18, 2011.

Bank poised to provide an update on Thursday