Latest Market News
Stocks extended gains Tuesday after data showed a drop in U.S. job openings. The Dow Jones Industrial Average DJIA, +2.60% was up around 735 points, or 2.5%, bringing its gain to 5.3% over the past two days. That would be the largest two-day percentage rise for the blue-chip gauge since at least the two-day period […]
Shares of FedEx Corp. FDX, +2.80% climbed 3.0% in premarket trading Tuesday, after the package delivery giant announced a $1.5 billion accelerated share repurchase (ASR) agreement with Morgan Stanley. The ASR, which represents 3.8% of FedEx’s market capitalization of $39.41 billion as of Monday’s close, is expected to be completed before the end of the […]
Shares of Vir Biotechnology Inc. VIR, +6.86% were up 10.2% in premarket trading on Tuesday after the company said it received a contract from the U.S. government that is worth up $1 billion to develop treatments for the flu and other “infectious disease threats.” As part of the agreement, the Biomedical Advanced Research and Development […]
Odeon Capital Group analyst Richard Bove on Tuesday reiterated a buy rating on Truist Financial Corp. TFC, +1.85% and said the bank’s role as leading lender in Fort Myers, Fla., will position it to play a role in the rebuilding effort for Hurricane Ian. “It is in the right place at the right time to […]
Loop Media Inc. LPTV, +1.81% said Tuesday it has entered a collaboration with TikTok that will bring its content to Loop’s digital out-of-home service on a dedicated channel. The move will allow consumers at more than 12,500 bars, restaurants and retail outlets that have Loop players to enjoy TikTok’s content. “TikTok has become the platform […]
Hycroft Mining Holding Corp. HYMC, +2.87% disclosed Tuesday that it was notified by the Nasdaq exchange that it is in violation of the minimum-bid listing requirement. Under the Nasdaq Listing Rules, a company’s stock is required to maintain a minimum bid of $1.00 per share, based on the closing bid price for the last 30 […]