Category: Market News
Investors, particularly those reliant on computer-generated decisions to buy or sell, face a treacherous backdrop of volatility driven by the Federal Reserve, following a brutal month of stock trading. January’s violent moves in equities offer a glimpse of what might still be in store: The S&P 500 SPX, +0.69% and Nasdaq Composite COMP, +0.75% indexes […]
PJT Partners Inc. PJT, -7.83% shares fell 9.8% on Tuesday after the advisory firm’s fourth-quarter earnings of $1.52 a share fell short of the Wall Street estimate of $1.72 a share in a survey of analysts by FactSet. PJT’s revenue of $313.3 million also missed the analyst target of $339 million. PJT said its advisory […]
Gold prices settled higher on Tuesday for a second straight session, above the $1,800 mark for the first time in almost a week. “Gold continues to be pulled back and forth because of the ebb and flow of the U.S. bond market, as well as the strength of the U.S. dollar,” said Michael Hewson, chief […]
The Dow Jones Transportation Average DJT, +1.68% charged up 281 points, or 1.8%, to outperform the broader stock market by a wide margin, as big surge in United Parcel Service Inc.’s stock UPS, +15.29% on the back of a blowout fourth-quarter report provided a boost. UPS’s stock powered up 15.3% toward a one-day record gain […]
Lowe’s Cos. LOW, -0.60% launched the MVPs Pro Rewards and Partnership Program in select areas on Tuesday, with the loyalty program going nationwide on March 7. Created for professionals in the home improvement business, the program offers e-gift cards based on spending, rewards for paint purchases, special resources, and more. Lowe’s has been increasingly focused […]
Shares of Exxon Mobil Corp. XOM, +0.90% rallied 1.8% toward a 2 1/2-year high in premarket trading Tuesday, after the oil giant swung to a net profit, with adjusted results beating estimates, and reported a more than 80% rise in revenue, although it came up shy of forecasts. Net income was $8.87 billion, or $2.08 […]
U.S.-listed, Chinese electric vehicle makers Nio and XPeng reported their January sales numbers. Nio NIO, +17.27% said deliveries rose 34% to 9,652 vehicles, while XPeng XPEV, +9.14% said deliveries jumped 115% to 12,922. Nio shares have dropped 23% this year and XPeng shares have lost 30%. Source: Marketwatch
Shares of General Electric Co. GE, +2.58% rallied 1.9% in afternoon trading Monday, after the industrial conglomerate said it received an order valued at more than $6.8 billion from Qatar Airways for its GE9X engines. GE Aviation said the order was part of Qatar Airways’ global launch order of 50 of Boeing Co.’s BA, +5.07% […]
Gold prices settled higher on Monday, but posted a loss for the month pressured, in part, by a rise in Treasury yields over the past few months, said Michael Hewson, chief market analyst at CMC Markets UK. Still, prices rebounded after falling to a roughly six-week low at the end of last week. April gold […]
Shares of Novavax Inc. NVAX, +13.00% rallied 10.0% in trading on Monday after the company said it filed for authorization of its experimental COVID-19 shot in the U.S. Novavax’s COVID-19 vaccine candidate is protein-based, meaning it’s a different type of vaccine than the mRNA shots developed by BioNTech SE BNTX, +6.08% /Pfizer Inc. PFE, -3.02% […]
