Category: Market News
Industrials company Nordson Corp. NDSN, -2.23% will join the S&P 500 index, replacing Xilinx Inc., S&P Indices said late Thursday. PDC Energy Inc. PDCE, +1.44% will replace Nordson in the S&P MidCap 400 index, the provider said. The changes are effective Feb. 15. Advanced Micro Devices Inc. AMD, -5.33% is buying Xilinx in a deal […]
The Nasdaq 100 NDX, -2.33% slumped 1.7% in afternoon trading Thursday, with only 17 of its components gaining ground, after the technology-friendly index ran up 3.3% over the past two days. The index’s biggest gainer was Datadog Inc. stock DDOG, +12.23%, which shot up 14.3% over the monitoring and security software platform company reported before […]
Gold futures ended higher on Thursday, stretching their streak of gains to a fifth session in a row – the longest run of consecutive gains since November. The rise for the metal came in the wake of data showing the U.S. consumer price index rose by a more than expected 0.6% in January to 7.5%, […]
Activist investor group Macellum Advisors GP LLC has named the slate of 10 board members that it will nominate at Kohl’s Corp.’s KSS, -0.86% next investor day, scheduled for March 7, including Stacy Hawkins, a Rutgers Law School educator and diversity consultant; Jeffrey Kantor, former Macy’s Inc. M, +0.52% executive with 40 years of retail […]
Stocks opened lower Thursday, with the tech-heavy Nasdaq Composite leading the way lower after January inflation data came in hotter than expected. The Dow Jones Industrial Average DJIA, -0.11% fell 247 points, or 0.6%, while the S&P 500 SPX, -0.34% shed around 1% to 4,541. The Nasdaq COMP, -0.45% fell 1.4% to 14,292. Source: Marketwatch
The Organization of the Petroleum Exporting Countries on Thursday left its forecast for oil-demand growth in 2022 unchanged at 4.2 million barrels a day. In a monthly report, the cartel tweaked its estimate for demand growth in 2021 by 17,000 barrels a day to 5.7 million barrels a day, mainly due to better performance in […]
Oil futures climbed on Wednesday, but U.S. benchmark prices settled below their highest levels of the session. The resumption of indirect talks between the U.S. and Iran likely “contributed to the recent weakness in prices,” but the countries remain “a long way short of any sort of agreement that might bring about new supply,” said […]
Stocks ended with sharp gains Wednesday, extending a bounce from a January stumble as investors digested a steady stream of corporate earnings and awaited the release of the January consumer price index. The Dow Jones Industrial Average DJIA, +0.86% ended around 305 points higher, up 0.9%, near 35,769, according to preliminary figures The S&P 500 […]
Shares of Mattel Inc. MAT, +3.83% rose more than 6% in the extended session Wednesday after the toy maker reported fourth-quarter earnings and sales above Wall Street expectations and said its business turnaround is “complete.” Mattel said it earned $226 million, or 63 cents a share, in the quarter, compared with $129 million, or 37 […]
The National Archives and Records Administration has asked the Justice Department to examine Donald Trump’s handling of White House records, the Washington Post reported Wednesday. That has sparked discussions among federal law-enforcement officials about whether they should investigate the former president for a possible crime, the Post said, citing people familiar with the matter. As […]
