Day: December 29, 2021
The Dow Jones Industrial Average closed at a record high Wednesday, as investors pushed the blue-chip-stocks index to a sixth straight day of gains for its longest winning streak since March. The Dow DJIA, +0.25% closed around 0.3% higher in a day of mixed trade that saw the S&P 500 index SPX, +0.14% rise about […]
Crude oil futures finished solidly higher Wednesday after data showed a big drop in U.S. crude inventories, pointing to more robust demand despite the threat of the omicron variant of COVID disrupting some business activity and holiday travel. West Texas Intermediate crude for February delivery CLG22, +0.80% CL00, +0.80% CL.1, +0.80% was trading 58 cents, […]
Shares of Biogen Inc. BIIB, +9.26% shot up 8.9% in afternoon trading Wednesday, after the Korea Economic Daily reported that the U.S.-based drug maker is in talks to be acquired by South Korea-based conglomerate Samsung Group in a deal that could value Biogen at roughly $42 billion. That would represent an 11% premium to Biogen’s […]
Gold futures closed lower Wednesday, but the precious commodity finished above a psychological significantly level, after steeper losses dragged it below $1,800, a level it has struggled to hold above since November. February gold GCG22, -0.31% GC00, -0.31% lost $5.10, or 0.3%, to settle at $1,805.80 an ounce, but had fallen to an intraday low […]
Shares of Western Digital Corp. WDC, +5.82% shot up 5.6% in afternoon trading Wednesday toward a sixth-straight gain, enough to make the data storage company’s stock the biggest gainer among S&P 500 SPX, +0.13% components. Benchmark analyst Mark Miller said he believes the rally is being driven by South Korea-based rival Samsung Electronics Co. Ltd.’s […]
Oil futures traded higher Wednesday after the Energy Information Administration reported a drop in U.S. crude inventories. West Texas Intermediate crude for February delivery CLG22, +0.86% CL00, +0.86% traded at $77.04 a barrel on the New York Mercantile Exchange, up $1.05, or 1.5%. The EIA said crude inventories fell by 3.576 million barrels in the […]
Shares of Facebook parent Meta Platforms Inc. FB, -0.54% dropped 0.8% in morning trading Wednesday, reversing earlier intraday gains of as much as 1%, after the Wall Street Journal reported that the social-media and metaverse company looked to divide lawmakers along party lines to forestall any bipartisan attempt to install tougher rules on social-media platforms. […]
U.S. stock benchmarks were trading flat to slightly higher Wednesday morning, a day after the Nasdaq Composite and S&P 500 halted a multi-session streak of gains. The Dow Jones Industrial Average DJIA, +0.30% was up 0.1% at around 36,425, the S&P 500 index SPX, +0.15% was up 0.1% at 4,793, while the Nasdaq Composite Index […]
Shares of Medallion Financial Corp. MFIN, -28.05% plummeted 56.5% toward a 13-month low in premarket trading Wednesday, to pace all premarket decliners, after the Securities and Exchange Commission charged the New York-based bank holding company and its Chief Operating Officer Andrew Murstein for engaging in “fraudulent schemes” to boost its stock price. The SEC’s complaint […]
Shares of cruise operators fell Wednesday, after the number of ships being investigated and observed by the Centers for Disease Control and Prevention as a result of COVID-19 cases reported has increased, fueling fears that the CDC could call for another pause in sailings. Shares of Carnival Corp. CCL, -0.71% dropped 0.9% in premarket trading, […]
