Category: Market News
Shares of Rite Aid Corp. RAD, +10.81% rocketed as much as 38.5% intraday before paring gains to be up 18.7% in very active afternoon trading Wednesday, after the New York Post reported that the drugstore chain rejected earlier this month a buyout bid that valued the company at more than $800 million. Trading volume swelled […]
Sen. Bernie Sanders, a Vermont independent, is open to running for president in 2024 if President Joe Biden declines to seek reelection, the Washington Post reported Wednesday, citing a campaign memo. “In the event of an open 2024 Democratic presidential primary, Sen. Sanders has not ruled out another run for president, so we advise that […]
Major U.S. stock indexes finished mostly lower on Wednesday, with the Nasdaq Composite pulled down by tumbling shares of Netflix NFLX, -35.12% a day after the streaming service reported a net loss of 200,000 paid subscribers in the first quarter. The Dow Jones Industrial Average DJIA, +0.71% gained about 250 points, or 0.7%, ending a […]
U.S. oil prices posted a modest gain on Wednesday, finding some support following data from the Energy Information Administration, which showed a weekly drop of 8 million barrels in U.S. crude supplies. Prices, however, also saw pressure from worries about the demand outlook, and as Europe appeared reluctant to implement any sort of ban on […]
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 8 million barrels for the week ended April 15. The EIA was expected to show crude inventories up by 2.2 million barrels, according to Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a […]
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and […]
Raymond James on Wednesday lifted its rating on Travelers Cos. Inc. TRV, -4.89% to market perform from underperform after the component of the Dow Jones Industrial Average DJIA, +1.45% posted better-than-expected earnings. The insurer on Tuesday reported adjusted first-quarter earnings of $4.22 a share, well ahead of the $3.61 FactSet consensus. Revenue rose 6% to […]
An earlier version of this story cited the wrong booster candidate. The booster cited by Moderna is a mix of beta mutations and the original strain of the virus, and the company’s “lead candidate” for the fall is a mix of omicron and the original strain of the virus. Shares of Moderna Inc. MRNA, -1.31% […]
The Dow Jones Transportation Average DJT, +2.76% powered up 2.6% in midday trading Tuesday, with all 20 components gaining ground. The biggest boost to the index was Avis Budget Group Inc.’s stock CAR, +7.08%, which hiked up 7.0%. The stock’s price gain of $18.52 was adding about 113 points to the Dow transports’ price, which […]
Shares of Southern Co. SO, +0.58% rose 0.1% in afternoon trading Tuesday, after the electric and gas distribution company said its quarterly dividend was being raised by 3.0%, to boost the dividend yield above 3.5%. The new quarterly dividend of 68 cents a share, up from 66 cents, will be payable June 6 to shareholders […]