Latest Market News
U.S. stocks ended higher Tuesday, booking back-to-back gains, as investors digested earnings results from companies including Goldman Sachs Group Inc. The Dow Jones Industrial Average DJIA, +1.12% closed 1.1% higher, while the S&P 500 SPX, +1.14% gained around 1.2% and the Nasdaq Composite rose 0.9%, according to preliminary data from FactSet. Goldman GS, +2.33% was […]
One of the Treasury market’s most reliable gauges of impending U.S. recessions has the potential to shrink to its narrowest level in 41 years within a matter of months, according to BMO Capital Markets strategists. That indicator is the spread between 2- TMUBMUSD02Y, 4.456% and 10-year Treasurys TMUBMUSD10Y, 4.014% , which becomes inverted whenever the […]
Eli Lilly and Co. LLY, +0.05% said Tuesday it has entered an agreement to acquire Akouos Inc. AKUS, +89.80%, a company developing a portfolio of viral gene therapies for the treatment of inner ear conditions including hearing loss, for up to $610 million in cash. Under the terms of the deal, Akouos shareholders will receive […]
Hasbro Inc. shares HAS, -2.30% slid 3% in premarket trade Tuesday, after the toy company posted third-quarter earnings that roughly halved versus the year-earlier period as retailers sped up shipments for the holiday season and customers showed the pressures from high inflation. The company posted net income of $129.2 million, or 93 cents a share, […]
Uber Technologies Inc.’s UBER, +6.41% Uber Eats unit has teamed up with Leafly Holdings Inc. LFLY, -1.10% to offer pot delivery services in Toronto. “This is the first time cannabis delivery will be available on a major third-party delivery platform in the world,” Uber said. Toronto residents aged 19 or over may place orders from […]
Shares of Johnson & Johnson JNJ, +0.00% rose 2.3% toward a two-month high in premarket trading Tuesday, after the drug and consumer products company reported third-quarter profit and sales that beat expectations, with all of its business segments topping forecasts. Net income rose to $4.46 billion, or $1.68 a share, from $3.67 billion, or $1.37 […]