Category: Market News
Stocks ended sharply lower Tuesday, kicking off a holiday-shortened week on a down note as Treasury yields jumped to two-year highs. The Dow Jones Industrial Average DJIA, -1.51% fell around 542 points, or 1.5%, to close near 35,369, while the S&P 500 SPX, -1.84% shed around 86 points, or 1.8%, ending near 4,577. The Nasdaq […]
Shares of Bank of America Corp. BAC, -3.60% dropped 2.9% in afternoon trading Tuesday, putting them on track for a fourth-straight decline, ahead of the bank’s fourth-quarter results due out before the next session’s opening bell. The stock has now shed 5.5% during its losing streak. The stock’s losses comes after bank and broker Goldman […]
Goldman Sachs Group Inc. GS, -7.33% CEO David Solomon told analysts on Tuesday the bank expects inflationary pressure to increase in 2022. Inflation is persisting in many countries and major central banks are beginning to raise rates including the Bank of England last year, while the U.S. Federal Reserve is expected to boost rates four […]
ProKidney LP, a cellular therapeutics company focused on kidney disease, announced an agreement to merge with special purpose acquisition company (SPAC) Social Capital Suvretta Holdings Corp. III DNAC, +0.32% in a deal that values the combined company at $2.64 billion. The deal, which will take ProKidney public, is expected to provide $825 million in cash […]
U.S. stock indexes opened sharply lower Tuesday after a three-day break, in observance of Martin Luther King Jr., with the high-growth technology sector trading sharply lower at the the start of a busy week of corporate earnings report. Meanwhile, a blockbuster tech deal was also in the spotlight, after Microsoft Corp. MSFT, -1.27% said it […]
The Organization of the Petroleum Exporting Countries, or OPEC, on Tuesday left its forecast for oil-demand growth in 2022 unchanged at 4.2 million barrels a day. OPEC, in its monthly report, said it sees total global consumption this year at 100.8 million barrels a day. Among the wealthy countries that make up the Organization for […]
Stock futures fell Tuesday, with Nasdaq-100 futures NQ00, -1.69% dropping 1% as U.S. Treasury yields shot higher across the board. S&P 500 futures ES00, -1.00% were off 0.5%, with Dow industrials futures YM00, -0.65% modestly lower. The losses came as the yield on the 10-year Treasury TMUBMUSD10Y, 1.828% climbed 5 basis points to 1.83% and […]
BlackRock Inc. BLK, -2.19% said Friday its fourth-quarter net income increased to $1.64 billion, or $10.63 a share, from $1.55 billion, or $10.02 a share, in the year-ago period. Adjusted net income rose to $10.42 a share from $10.18 a share. Revenue increased to $5.1 billion from $4.48 billion in the year-ago quarter. Analysts expected […]
JPMorgan Chase & Co. JPM, -6.15% said Friday its fourth-quarter profit fell to $10.4 billion, or $3.33 a share, from $12.14 billion, or $3.79 a share in the year-ago quarter. Managed revenue rose 1% to $30.3 billion, with reported revenue of $29.3 billion. The megabank was expected to earn $3.01 a share and generate revenue […]
Published: Jan. 14, 2022 at 7:16 a.m. ET Source: Marketwatch
