Category: Market News
Shares of Ollie’s Bargain Outlet Holdings Inc. OLLI, -1.94% slipped 0.3% in morning trading Friday, but were outperforming the retail sector by a wide margin, after BofA Securities analyst Jason Haas swung to bullish from bearish on the closeout retailer, citing signs suggesting availability of closeout merchandise has “meaningfully improved” over the past several months. […]
Shares of Novavax Inc. NVAX, -8.57% sank 8.8% in midday trading Friday, after BofA Securities analyst Alec Stranahan recommended investors avoid the COVID-19 vaccine maker, citing a bearish view on continued booster use and increasing competition in the respiratory syncytial virus (RSV) and flu markets. Stranahan initiated coverage of Novavax at underperform and with a […]
Rite Air Corp. RAD, -0.53% said Friday that the COVID-19 boosters for 5-to-11 year olds made by Pfizer Inc. PFE, +3.59% and BioNTech SE BNTX, -2.90% are available at its drug stores and at Bartell Drugs, which it owns. The booster for that age group was authorized by the Food and Drug Administration earlier this […]
Gold prices closed flat on Friday, but booked a weekly gain, putting an end to the yellow metal’s longest streak of weekly losses in four years. Gold for June delivery GCM22, +0.21% GC00, +0.21% finished the session virtually unchanged, up just 90 cents, to settle at $1,842.10 an ounce on Comex, as continued volatility in […]
Shares of Deere & Co. DE, -14.07% plunged 14.9% toward a 15-month low in afternoon trading Friday, after the maker of construction, agriculture and forestry equipment beat fiscal second-quarter profit and revenue expectations but warned that headwinds from supply-chain constraints were expected to continue in the coming quarters. While the company affirmed fiscal 2022 sales […]
Major U.S. stock indexes finished mostly higher Friday, eking out gains with a dramatic rally into the closing bell. The bounce allowed the S&P 500 index SPX, +0.01% to narrowly avoid a bear-market finish, while ending the session virtually flat around 3,901. The Dow Jones Industrial Average DJIA, +0.03% rose less than 0.1% and the […]
Amid a sea of red in U.S. stock markets on Friday, a fundamental shift in investors’ thinking is taking place, one which analysts describe as a “growth scare.” A “growth scare” is characterized by a correction in anticipation of slowing economic growth, even if such a slowdown hasn’t yet been borne out by the data. […]
The S&P 500 on Friday traded below 3,837.25, the level that marks a 20% pullback from the large-cap U.S. benchmark’s Jan. 3 record close. A finish below that level would meet the traditional definition of a bear market. The S&P 500 SPX, -1.51% was last at 3,837.48 after trading as low as 3,836.35. Source: Marketwatch
The Securities and Exchange Commission on Friday said Wells Fargo & Co. WFC, -1.18% agreed to pay $7 million to settle charges that it failed to file at least 34 suspicious activity reports in a timely manner between April, 2017, and October, 2021. The SEC said the bank’s anti-money laundering (AML) system adopted in January, […]
Stocks opened higher Friday, attempting to bounce at the end of what’s shaping up to be another losing week for major indexes. The Dow Jones Industrial Average DJIA, +0.58% was up 217 points, or 0.7%, at 31,470, while the S&P 500 SPX, +0.88% gained 0.9% to trade at 3,936. The Nasdaq Composite COMP, +1.08% was […]