Category: Market News
Knight-Swift Transportation Holdings Inc. KNX, -0.62% said Friday it raised its quarterly dividend by 20%, to 12 cents a share from 10 cents. The freight transportation company’s new dividend will be payable March 28 to shareholders of record on March 4. Based on Thursday’s stock closing price of $56.74, the new annual dividend rate implies […]
Amazon.com Inc. AMZN, -7.81% disclosed in its annual report Friday that it spent $1.3 billion to repurchase 500,000 shares during the period from Jan. 1, 2022 to Feb. 2. The repurchases were significant, because that’s the first time the ecommerce and cloud giant has bought back stock since 2012, when it spent $960 million to […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 268 billion cubic feet for the week ended Jan. 28. That compared with the average decline of 274 billion cubic feet forecast by analysts polled by S&P Global Platts, which pegged the five-year average supply fall for the period at 150 […]
The selling on the Nasdaq exchange is certainly broad-based and heavy, as the Nasdaq Composite COMP, -3.74% sinks 2.5%, but the Nasdaq Arms Index suggests sellers are fairly cool and collected. The Arms is a volume-weighted breadth measure that tends to rise above zero during down markets, as sellers often disproportionately focus on declining stocks. […]
The Senate Judiciary Committee on Thursday overwhelmingly passed a bill aimed at curtailing the market power of Apple Inc.’s AAPL, -1.67% and Google parent Alphabet Inc.’s GOOGL, -3.32% GOOG, -3.64% app stores. By a 20-2 vote, the committee pushed along the Open App Markets Act, with only Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., […]
Oil futures rallied on Thursday, with U.S. prices settling above $90 a barrel to mark another settlement at their highest since October 2014, buoyed by worries surrounding risks to global supplies, despite a decision by major oil producers to lift crude production in March. There is no doubt that the winter storms in parts of […]
Shares of Skechers USA Inc. SKX, -1.86% rallied nearly 8% in the extended session Thursday after the footwear retailer reported fourth-quarter earnings and sales above Wall Street expectations, saying its bet on comfortable styles paid off. Skechers said it earned $402 million, or $2.56 a share, in the quarter, compared with $53.3 million, or 34 […]
Clorox Co. CLX, -0.99% shares fell nearly 9% in the extended session Thursday after the maker of cleaning and other products got hit by lower margins and fewer sales amid “challenging” costs and inflation. Clorox said it earned $69 million, or 56 cents a share, in the fiscal second quarter, compared with $259 million, or […]
U.S. stocks halted a four-day advance on Thursday, with the rate-sensitive Nasdaq Composite Index leading the way lower as equity benchmarks tumbled in the final hour of trade. The Nasdaq Composite comp skid 3.7%, shedding about 540 points, to finish near 13,878. The S&P 500 index spx fell 2.4%, while the Dow Jones Industrial Average […]
U.S. officials have evidence that Russia has developed a plan to use a faked video to create a pretext for an invasion of Ukraine, according to multiple published reports Thursday citing unnamed American officials. The video likely would depict graphic scenes of a staged false explosion with corpses, actors depicting mourners, and images of destroyed […]
