Category: Market News
Shares of Nautilus Inc. NLS, -19.12% plunged 20.5% in morning trading, putting them on track for the lowest close since March 2020, after the exercise equipment and digital fitness company swung to a fiscal fourth-quarter loss, as revenue that fell sharply from a year ago while gross margins were more than halved. The company also […]
Gold futures closed higher Tuesday, scoring a fourth straight session of gains, as weaker U.S. economic data rattled the stock market and put a shine back on the precious metal. Gold for June delivery GCM22, -0.24% GC00, -0.24% added $17.60, or 1%, to settle at $1,865.40 an once on Comex. “Gold should remain supported as […]
Major U.S. stock indexes closed mixed Tuesday in choppy trade punctuated by another sharp selloff in the internet sector. The Dow Jones Industrial Average DJIA, +0.15% swung to a slight gain late in the session, adding about 50 points, or 0.2%, to end near 31,931. The main action resided in the tech-heavy Nasdaq Composite Index […]
Published: May 24, 2022 at 4:14 p.m. ET The Federal Trade Commission on Tuesday announced that it has launched an inquiry in the ongoing U.S. baby-formula shortage. “The inquiry seeks information about the nature and prevalence of any deceptive, fraudulent, or otherwise unfair business practices aimed at taking advantage of families during this shortage,” the […]
Nordstrom Inc. JWN, -3.59% shares jumped more than 20% at times in after-hours trading Tuesday after the retailer reported an unexpected profit and improving sales amid difficulties for rivals. Nordstrom reported first-quarter profit of $20 million, or 13 cents a share, up from a loss a year ago and amid analyst expectations for a loss […]
Abercrombie & Fitch Co. ANF, -28.97% shares sank more than 30% in Tuesday trading, en route to the stock’s biggest one-day decline. The clothing and accessories retailer reported first-quarter results during premarket hours; it swung to a loss and gave guidance below Street expectations. “Given that promotional activity remains very subdued, this underscores the serious […]
Moderna Inc. MRNA, -4.08% tweeted Monday afternoon that it is “investigating potential monkeypox vaccines at a preclinical level.” Several stocks of companies that are developing or have smallpox or monkeypox vaccines and treatments jumped in trading on Monday as more people have become aware of the cluster of cases in Europe. Moderna’s stock is down […]
The home builder sector was suffering a unanimous selloff in morning trading Tuesday, after data showing new home sales surprisingly fell in April, and sharply, amid high prices, rising mortgage rates and low supply. The iShares U.S. Home Construction ETF ITB, -3.37% sank 3.4%, with all 47 equity components losing ground, while the SPDR S&P […]
U.S. stocks opened lower Tuesday, slumping after disappointing results from Snapchat parent Snap Inc. sent tech-related shares skidding. The fall comes after stocks bounced sharply higher on Monday following a rout that took the S&P 500 SPX, -1.37% to the brink of a bear market on Friday. The Dow Jones Industrial Average DJIA, -0.51% was […]
Abercrombie & Fitch Co. ANF, -4.43% shares sank 21.7% in Tuesday premarket trading after it swung to a first-quarter loss. The apparel retailer posted a net loss of $16.5 million, or 32 cents per share, after net income of $41.8 million, or 64 cents per share, last year. An adjusted loss of 27 cents per […]