Category: Market News
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Stocks opened mostly lower Friday, on track for a hefty weekly loss as the Nasdaq Composite pushes deeper into correction territory. The Dow Jones Industrial Average DJIA, -0.07% rose 56 points, or 0.2%, to 34,772, while the S&P 500 SPX, -0.49% was off 0.1% at 4,477. The Nasdaq was down 0.2% at 14,126, bringing it […]
Raymond James analyst William J. Wallace IV (RJA) on Friday upgraded shares of Webster Financial Corp. WBS, -0.20% to strong buy from outperform and increased his price target to $73 from $65. The integration of the bank’s $5 billion acquisition of Sterling Bancorp STL, -0.67% should drive upside after it closes as expected in February, […]
Shares of J.B. Hunt Transport Services Inc. JBHT, -0.12% rallied 1.8% in afternoon trading, after the trucking company said it raised its quarterly dividend by 33%, to 40 cents a share from 30 cents. The company said the new dividend will be payable Feb. 18 to shareholders of record on Feb. 4. Based on the […]
Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron’s and USA Today. Follow him on Twitter @jswartz. Source: Marketwatch
Stocks ended lower Thursday, giving up early gains as investors appeared unable to shake off worries over a rising interest-rate environment. The Dow Jones Industrial Average DJIA, -0.89% fell around 313 points, or 0.9%, to close near 34,715, according to preliminary figures, extending its losing streak to five sessions, the longest since September. The S&P […]
Shares of CSX Corp. CSX, -0.03% fell in the extended session Thursday after the rail operator reported fourth-quarter results that met Wall Street expectations. CSX said it earned $934 million, or 42 cents a share, in the fourth quarter, compared with $760 million, or 33 cents a share, in the year-ago period. Sales rose 21% […]
Shares of PPG Industries Inc. PPG, -1.15% fell nearly 3% in the extended session Thursday after the paint and coatings maker reported fourth-quarter profit and sales above Wall Street expectations but said pandemic-related “disruptions” continue to impact production and sales, and it will increase prices to mitigate soaring costs. PPG said it earned $267 million, […]
Treasury Secretary Janet Yellen said Thursday she expects inflation to “diminish over the course of the year” if the U.S. is successful in controlling the COVID-19 pandemic. In an interview on CNBC, Yellen said she hopes inflation would get back to around 2% by the end of the year. The treasury chief said the Biden […]
Shares of Intuitive Surgical Inc. ISRG, -0.25% fell more than 4% in the extended session Thursday after the health care company reported fourth-quarter earnings and sales slightly above expectations but said the pandemic continues to lead to fewer procedures done with its main robotic surgical system. Intuitive said it earned $381 million, or $1.04 a […]
