Category: Market News
Stifel Financial Corp. SF, +4.14% shares rose 3.2% on Wednesday after the company said its first-quarter earnings fell slightly to $164.23 million, or $1.39 a share, from $164.73 million, or $1.40 a share, in the year-ago period. Adjusted earnings at the investment banking and brokerage company edged down to $1.49 a share from $1.50 a […]
Shares of W.W. Grainger Inc. GWW, +1.59% rallied 1.9% in morning trading Wednesday, after the supplier of maintenance, repair and operating products said it was raising its dividend by 6.2%. The company’s new quarterly dividend of $1.72 a share, up from $1.62 a share, will be payable June 1 to shareholders of record on May […]
Stocks opened higher Wednesday, attempting a bounce a day after a 4% slide for the Nasdaq Composite saw the tech-heavy index post its lowest finish since December 2020. The Dow DJIA, +0.82% rose 130 points, or 0.4%, while the S&P 500 SPX, +1.09% gained 0.5% and the Nasdaq COMP, +1.40% advanced 0.8%. Investors were parsing […]
Shares of Boeing Co. BA, -5.04% dropped 3.2% toward a 17-month low in premarket trading Wednesday, after the aerospace and defense giant reported a much wider-than-expected first-quarter loss and big misses in revenue and free cash flow, as disappointing commercial airplanes and defense results offset strength in global services. The net loss more than doubled […]
Amazon.com Inc. AMZN, -4.58% announced its latest Go store in Mill Creek, Wash., on Tuesday, featuring an expanded selection of food and beverages, including beer and wine, and a made-to-order kitchen that’s open all day. Menu items include breakfast burritos, avocado toast, and a variety of sandwiches and salads. Returns can be shipped without packages […]
Walmart Inc. WMT, -1.04% announced the launch of the Dave and Jenny Marrs Collection for Better Homes & Gardens collection. The collection includes 30 outdoor furniture and décor items, most available on Tuesday. Items include a teak outdoor dining table for $997, decorative pillows for about $30 and planters in a range of sizes priced […]
Oil futures rose Tuesday, with the U.S. benchmark finishing back above the $100-a-barrel threshold as China’s central bank said it would aim to assist small businesses and industries affected by COVID-19. Also, Germany said it would take steps aimed at replacing Russian oil supplies in coming days, news reports said. Russia will also halt natural-gas […]
Stocks dropped sharply Tuesday, with the Nasdaq Composite COMP, -3.95% posting its lowest finish since late 2020 ahead of earnings from tech giants Microsoft Corp. MSFT, -3.74% and Google parent Alphabet Inc. GOOG, -3.04%. The Dow Jones Industrial Average DJIA, -2.38% lost around 809 points, or 2.4%, to close near 33,240, according to preliminary figures, […]
Shares of Skechers USA Inc. SKX, -4.66% rose more than 4% in the extended session Wednesday after the footwear retailer reported first-quarter earnings and sales above expectations, saying its wholesale business was strong. Skechers said it earned $121.2 million, or 77 cents a share, in the quarter, compared with $98.6 million, or 63 cents a […]
Lucid Group Inc. LCID, -8.74% stock rose more than 4% in the extended session Tuesday after the EV maker said it had reached an agreement with Saudi Arabia to sell up to 100,000 vehicles over a 10-year period to Saudi Arabia’s government, including an initial commitment to buy 50,000 vehicles. That is “another pivotal moment […]