Category: Market News
Stocks rallied into the closing bell Thursday, shaking off early weakness tied to Microsoft Corp.’s MSFT, +0.79% lowered guidance and worries about the pace of Federal Reserve rate increases. The Dow Jones Industrial Average DJIA, +1.33% ended with a gain of around 435 points, or 1.3%, to end near 33,248, according to preliminary figures, while […]
Alaska Air Group Inc. ALK, +1.76% late Thursday tweaked the lower end of its capacity guidance for full-year 2022, but said its performance has improved and “stronger” revenue is offsetting fuel price increases. Alaska said it expects capacity to be 7% to 9% below 2019 capacity, compared with a previous expectation of 6% to 9% […]
Costco Wholesale Corp. COST, +6.70% said late Thursday its May sales rose 16.9% to $18.23 billion. Same-store sales rose 15.5%, the company said, with online sales up 6.3%. Costco stock rose 0.3% in the extended session Thursday, after ending the regular trading day up 6.7%. Source: Marketwatch
Shares of Kohl’s Corp. KSS, +2.44% fell more than 10% in the extended session Thursday after the New York Post reported that the retailerpushed back this week’s deadline for bids after several potential buyers abandoned the idea, then reversed to gains of more than 6% after a conflicting report from The Wall Street Journal. The […]
Shares of Kohl’s Corp. KSS, +2.44% fell more than 10% in the extended session Thursday after the New York Post reported that the retailerpushed back this week’s deadline for bids after several potential buyers abandoned the idea. The report cited “multiple sources” familiar with the matter. Kohl’s two weeks ago reported a wide profit miss […]
Children under five years old could begin to receive vaccinations against COVID-19 as early as June 21, a top Biden administration official said Thursday. Dr. Ashish Jha, the White House’s COVID response coordinator, told reporters at a briefing: “We expect that vaccinations will begin in earnest as early as Tuesday, June 21, and really roll […]
President Joe Biden on Thursday night will give a televised address on “the need for Congress to act to pass commonsense laws to combat the epidemic of gun violence that is taking lives every day,” the White House said. The president is scheduled to speak from the White House at 7:30 p.m. Eastern. His speech […]
Goldman Sachs Group Inc. GS, +0.42% COO John Waldron on Thursday characterized the U.S. economic environment as possibly the most complex, dynamic environment he’s seen in his career, according to a transcript of his comments at the Bernstein Strategic Decisions Conference. “I’m not going to use any weather analogies,” Waldron said, in refence to remarks […]
U.S. stock benchmarks were trading down Thursday morning, after Microsoft Corp. lowered its profit guidance for its fiscal fourth quarter. The Dow Jones Industrial Average DJIA, -0.44% was down 0.3%, the S&P 500 SPX, -0.29% fell 0.2% and the Nasdaq Composite COMP, +0.08% slipped 0.1%, according to FactSet data, at last check. All three major […]
Shares of Immatics IMTX, +3.85% gained 9.0% in premarket trading on Thursday after the company said its deal with Bristol Myers Squibb Inc. BMY, -0.65% has expanded to include several off-the-shelf TCR-T and/or CAR-T programs. Bristol’s stock was up 0.4%. The agreement pairs Immatics’ adoptive cell therapy platform with therapies being developed by Bristol Myers […]