Here Are 3 Hot Things to Know About Stocks Right Now

  • The Dow Jones Industrial Average I:DJI   finished slightly higher on Tuesday after closing with gains for three straight sessions. 
  • U.S. benchmark West Texas Intermediate crude oil declined by 2.4%, settling at $69.06 a barrel.
  • Comcast Corp. (CMCSA) - Get Report  was down 5.5% on reports it was challenging Walt Disney Co.'s (DIS) - Get Report deal for Fox (FOXA) - Get Report .

Wall Street Overview

Stocks finished mixed on Tuesday, May 8, as markets digested a decision from President Donald Trump on the U.S. pulling out of the Iran nuclear deal and renewing sanctions on the oil-rich nation.

The Dow Jones Industrial Average finished up 3 points, or 0.01%, to 24,360 after trading lower for much of the session. The S&P 500 I:GSPC was down 0.03% and the Nasdaq I:IXIC   rose 0.02%.

Global oil prices retreated from their three-and-a-half year peaks on Tuesday, as markets were clearly focused on Trump's decision. U.S. benchmark West Texas Intermediate crude oil declined by 2.4%, settling at $69.06 a barrel.

Comcast Corp. (CMCSA) - Get Report  shares fell 5.5% after reports said it has explored financing for a bid to challenge Walt Disney's purchase of much of Twenty-First Century Fox. 

Comcast has asked investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for the Fox assets, Reuters reported, citing sources.

Takeda Pharmaceutical Co. (TKPYY) said Tuesday it reached an agreement to acquire Dublin-based drugmaker Shire PLC (SHPG) - Get Report in a deal valued at $62.4 billion.

Takeda said it has offered $30.33 in cash for each outstanding Shire share, as well as either 0.839 in new Takeda shares or 1.678 in existing Takeda American depositary shares. The deal values Shire at £49.01 per share, a 27.1% premium to the stock's closing price on Friday, May 4. Shire shares gained 1.4% to finish at $163.73.

Activist investor ValueAct Capital Partners LP has built a roughly $1.2 billion stake in Citigroup Inc. (C) - Get Report , The Wall Street Journal reported. The stake amounts to about 0.7% of Citigroup, which has a market value of $175 billion.

Citigroup shares rose 3.7% on Tuesday.

Valeant Pharmaceuticals International Inc. (VRX)  rose 8.7% after first-quarter revenue topped expectations and the company raised guidance for 2018 revenue. Valeant also said it was changing its name to Bausch Health Cos.

SeaWorld Entertainment Inc. (SEAS) - Get Report posted a first-quarter loss of 73 cents a share. Adjusted for non-recurring costs, the loss was e 53 cents a share, narrower than analysts' estimates that called for a loss of 77 cents. The theme park operator posted first-quarter revenue of $217.2 million, which also topped forecasts of $198.4 million. SeaWorld shares jumped 7%.

Snap Inc. (SNAP) - Get Report  rose 1.8% after it was announced that Drew Vallero, chief financial officer, was stepping down. Vallero has been with Snap for two years. Since Snap's high-profile initial public offering in March 2017, a number of high-level executives have left the company.

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