Category: Market News
Shares of Apple Inc. AAPL, -5.18% were diving 3.6% in afternoon trading Wednesday, enough to pace the Dow Jones Industrial Average’s DJIA, -1.02% decliners. The decline comes amid a broad selloff in the technology sector, and even though the technology behemoth didn’t issue any press releases or file anything with the Securities and Exchange Commission […]
Gold futures ended Wednesday with a gain, as traders digested a reading on inflation that came in higher than expected. Gold for June delivery rose about 0.7%, up $12.70, to settle at $1,853.70 an ounce on Comex. The April consumer price index showed inflation at a 8.3% annual rate, down from 8.6% the previous month, […]
Shares of Amazon.com Inc. AMZN, -3.20% slumped 3.3% in afternoon trading Wednesday, putting them on track to close at a more-than two-year low. The ecommerce and cloud services behemoth’s stock, which is headed for the lowest close since April 9, 2020, has now tumbled 27.2% since first-quarter result were reported after the April 28 close, […]
Shares of Netflix Inc. NFLX, -6.35% took a 5.0% hit in afternoon trading Wednesday, putting them on track to close at a five-year low, in the wake of a New York Times report that the streaming video giant plans to launch and ad-supported pricing tier and crack down on password sharing by the end of […]
All three major U.S. stock benchmarks closed lower Wednesday, with Dow Jones Industrial Average booking a fifth straight day of losses, as investors parsed fresh inflation data showing the annual pace slowed less than expected. The Dow Jones Industrial Average DJIA, -1.02% closed down about 1%, while the S&P 500 SPX, -1.65% fell about 1.6% […]
Shares of Rivian Automotive Inc. RIVN, -9.27% tumbled 12.0% in afternoon trading toward a record low, following Ford Motor Co.’s F, -3.97% disclosure that it sold more than $200 million worth of the electric vehicle maker’s stock. Ford’s share sale came after the lockup agreement in Rivian’s initial public offering expired on Sunday. Meanwhile, ecommerce […]
The Fresh Market Holdings said Wednesday that South American retailer Cencosud agreed to invest $676 million for a 67% ownership position in the Greensboro, N.C.-based, 160-store supermarket chain in 22 states. The Berry family, management and Apollo Global Management Inc. APO, +3.12% will retain a minority position in Fresh Market, which generated $1.93 billion in […]
Kohl’s Corp. KSS, -2.79% announced Wednesday that shareholders voted to re-elect all 13 members of the department-store retailer’s board, rejecting calls from activist investors Macellum Advisors GP, LLC to overhaul the directors. “The Board remains focused on running a robust and intentional review of strategic alternatives while executing our strategy to drive shareholder value,” said […]
Moderna Inc. MRNA, -2.56% said Wednesday its recently appointed chief financial officer, Jorge Gomez, has departed the company with immediate effect. The company said the move comes after the May 10 disclosure from Dentsply Sirona Inc. XRAY, -7.31% of an internal investigation into certain matters, including financial reporting. Dentsply, which makes dental products and technology, […]
Perrigo PLC shares PRGO, +0.37% slid 4% in premarket trade Wednesday, after the personal self-care product maker swung to a loss for the first quarter and fell short of estimates. The Dublin-based Perrigo posted a net loss of $2.4 million, or 2 cents a share, after income of $38.1 million, or 28 cents a share, […]