STOCK MARKET NEWS: Nasdaq climbs, Roku, EA layoffs, GDP dips, Yellen on banks

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Stocks continue gains as Nasdaq leads, Roku, Electric Arts join layoff list, 4Q GDP revised lower and Treasury Secretary Janet Yellen says banks may need more reform. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Residents of Raymond, Minnesota have been ordered to evacuate Thursday following the derailment of a Burlington Northern Santa Fe train, which sparked a fire.

A Minnesota town outside of Minneapolis has been ordered to evacuate Thursday morning after a Burlington Northern Santa Fe train carrying"a form of ethanol" and"a corn syrup liquid" derailed and caught on fire, police say. The accident follows the February 3 derailment of a Norfolk Southern train that spilled toxic chemicals in East Palestine, Ohio sparking a fallout and calls from lawmakers for tighter rail standards.Videogame publisher Electronic Arts said on Wednesday it will lay off about 6% of its workforce and reduce office space in an attempt to cut costs.

An Electronic Arts office building is shown in Los Angeles, California, U.S., July 27, 2020. REUTERS/Mike BlakeThe Madden NFL publisher also said it will move away from projects that do not contribute to its strategy.

 

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