Category: Market News
Shares of AMC Entertainment Holdings Inc. AMC, -2.86% fell 1.3% in premarket trading, putting them in danger of matching their record 12-day losing streak. The movie theater operator’s “meme stock” had tumbled 36.3% over the past 11 sessions. That matched the 11-day losing streak that ended Jan. 5, 2021, in which the stock had dropped […]
The numbers: The employment cost index rose 1% in the fourth quarter, down from the record 1.3% gain in the July-September quarter, the Labor Department said Friday. Economists polled by the Wall Street Journal had forecast a 1.2% increase. Over the past 12 months, the employment cost index rose an unadjusted 4%, up from 3.7% […]
Caterpillar Inc. CAT, -0.99% reported Friday big profit and revenue beats, as sales of all three of its major business segments rose above expectations, but the stock slipped 0.4% premarket as cost increases outpaced sales growth. Net income nearly tripled, to $2.12 billion, or $3.91 a share, from $780 million, or $1.42 a share, in […]
Just as Federal Reserve policy makers gear up for a likely series of interest rate hikes starting in March, the Treasury market is warning that there may be limits around how far policy makers can go without triggering fears of an impending recession. A day after the Fed’s policy update, the widely followed spread between […]
Shares of Mondelez International Inc. MDLZ, +1.28% fell nearly 2% in the extended session Thursday after the snacks and candy giant posted mixed quarterly results. Mondelez said it earned $1 billion, or 71 cents a share, in the quarter, compared with $1.2 billion, or 80 cents a share, in the year-ago period. Adjusted for one-time […]
Home Depot Inc. HD, -0.24% said late Thursday that Ted Decker has been named its chief executive and president, effective March 1. Decker also has been elected to the company’s board of directors. Chief Executive and Chairman Craig Menear will continue to serve as chair of the board, the retailer said. Shares of Home Depot […]
Biogen Inc. BIIB, -0.30% shares jumped in after-hours trading Thursday following an announcement that it is selling its part of a joint venture to Samsung Electronics Co. Ltd. 005930, +1.82% Biogen has been working with Samsung Bioepis since 2012, according to a news release, and will sell its equity stake in the bio-similars venture to […]
U.S. Steel Corp. X, -0.11% shares rose nearly 2% in the extended session Thursday after the steel producer posted quarterly sales above Wall Street expectations. U.S. Steel said it earned $1.1 billion, or $3.75 a share, in the quarter, compared with $49 million, or 22 cents a share, in the year-ago period. Adjusted for one-time […]
Stocks ended lower Thursday, giving up strong early gains in another whipsaw trading session. The Dow Jones Industrial Average DJIA, -0.02% lost around 7 points, or less than 0.1%, to close near 34,161, according to preliminary figures, after rising more than 600 points in earlier action. The S&P 500 SPX, -0.54% fell around 23 points, […]
Gold prices fell sharply on Thursday to settle below the key $1,800 mark for the first time in nearly three weeks, pressured by strength in the U.S. dollar which followed indications from the Federal Reserve that it plans to raise interest rates as soon as March. February gold GCG22, -1.98% lost $36.60, or 2%, to […]
