Category: Market News
Shares of PPG Industries Inc. PPG, +1.10% rose 2% in the extended session Thursday after the paint and coatings maker reported first-quarter profit and sales above Wall Street expectations and said it will increase prices again to fend off rising prices for raw materials and other costs increases. PPG said it earned $18 million, or […]
Stocks ended sharply lower Thursday, reversing strong early gains as Treasury yields saw a renewed rise. The Dow Jones Industrial Average DJIA, -1.05% fell around 369 points, or 1%, to finish near 34,792, according to preliminary figures, while the S&P 500 SPX, -1.48% dropped 1.5% and the Nasdaq Composite COMP, -2.07% tumbled 2.1%. The yield […]
U.S. oil prices finished with a gain Thursday, finding support from reports that the European Union is working on a plan to phase out oil imports from Russia. U.S. Treasury Secretary Janet Yellen on Thursday said during a press conference that it was essential for the EU to end its dependence on Russian energy, but […]
United Airlines Holdings Inc. UAL, +10.70% stock rallied more than 11% Thursday after the airline reported first-quarter earnings late Wednesday and surprised investors by saying it expects to report a profit this year. The stock was on track to close at its highest since Nov. 9, when it closed at $52.81 and on pace for […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 53 billion cubic feet for the week ended April 15. That compared to a forecast for a build of 33 billion cubic feet from Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. Total supplies in storage stand at 1.450 […]
Shares of Freeport-McMoRan Inc. FCX, -1.46% pulled back 3.2% in premarket trading Thursday, after the gold and copper miner reported first-quarter profit and revenue that beat expectations, while trimming its outlook for quarterly copper sales. Net income more than doubled to $1.53 billion, or $1.04 a share, from $718 million, or 48 cents a share, […]
Xerox Holdings Corp. shares XRX, +1.48% slid 1.8% premarket Thursday, after the maker of copiers and printers swung to a loss in the first quarter, weighed down by supply chain issues and inflationary pressures. The company posted a net loss of $56 million, or 38 cents a share, for the quarter, after earnings of $39 […]
Gold futures declined Wednesday for a second consecutive session to mark another settlement at their lowest since April 11. Prices for the precious metal went into “freefall” on Tuesday and now appear to have stabilized around $1,950, said Craig Erlam, senior market analyst at OANDA. “This could potentially mark the new range support after a […]
BTIG analysts surveyed 1,000 Starbucks Corp SBUX, -1.29% customers and found that only 4% planned to stop visiting the coffee purveyor if negotiations with unions fail to result in an agreement. More than two-thirds (68%) said the effort would have no effect on their visitation habits, 15% said they would visit less often and 13% […]
A stock-options strategy known as a “straddle” on Tesla Inc.’s stock TSLA, -4.96% is priced Wednesday for a one-day, post-earnings move of $66.56, according to data provided by Option Research & Technology Services (ORATS) Principal Matt Amberson. That’s slightly less than average price move over the past 12 quarters of $67.27, ORATS data show. A […]