Category: Market News
Biden invited to give State of the Union address on March 1 – MarketWatch Skip to main content Latest Watchlist Markets Investing Personal Finance Economy Retirement How to Invest Video Center Live Events MarketWatch Picks Published: Jan. 7, 2022 at 12:55 p.m. ET House Speaker Nancy Pelosi has invited President Joe Biden to give his […]
Oil prices ended lower on Friday, but finished the week higher as traders kept an eye on unrest in Kazakhstan. Should any significant amount of production from the country be lost, “the bull market in oil will be extended,” said Michael Lynch, president at Strategic Energy & Economic Research. However, “OPEC+ is unlikely to react […]
Shares of D.R. Horton Inc. DHI, -6.17% sank 5.8% in afternoon trading Friday, enough to pace the S&P 500’s SPX, -0.41% decliners, as the continued rise in Treasury yields and mortgage rates weighs heavily on the home-builders sector. D.R. Horton’s stock has now tumbled 11.9% this week, which would make it the biggest weekly drop […]
Gold futures settled higher on Friday after a disappointing rise in December U.S. nonfarm payrolls. Prices, however, still marked their worst weekly loss since the period ending Nov. 26, FactSet data show. The U.S. created a much smaller-than-expected 199,000 jobs in December, but the U.S. jobless rate slipped to 3.9% from 4.2%. “It seems traders […]
CinCor Pharma Inc.’s stock CINC, -4.06% shot out of the gate in morning trading Friday, but then pulled back sharply, to trade briefly below in negative territory. The Massachusetts-based biopharmaceutical company’s stock’s first trade was at $21.00 at 11:05 a.m. Eastern, or 31.3% above the $16 IPO price. The stock then rose to an intraday […]
Stocks struggled for direction early Friday, opening near unchanged after a mixed jobs report that saw nonfarm payrolls rise by a much weaker-than-expected 199,000 in December. The Dow Jones Industrial Average DJIA, -0.17% fell 78 points, or 0.2%, to 36,158, while the S&P 500 SPX, -0.47% was down 0.1% at 4,693. The Nasdaq Composite COMP, […]
CinCor Pharma Inc. CINC, is set to go public on the Nasdaq Friday, after the Massachusetts-based biopharmaceutical company’s upsized initial public offering priced overnight at $16 a share, in the middle of the expected range of between $15 and $17 a share. The company raised $193.6 million as it sold 12.1 million shares in the […]
Acuity Brands Inc. AYI, -1.11% reported Friday fiscal first-quarter profit and sales that rose above expectations, as lighting and lighting controls sales showed strength despite supply chain challenges. The stock was still inactive in premarket trading. Net income grew to $87.6 million, or $2.46 a share, from $59.6 million, or $1.57 a share, in the […]
Shares of UnitedHealth Group Inc. UNH, -4.09% dropped 3.7% in afternoon trading Thursday, enough to pace the Dow Jones Industrial Average’s DJIA, -0.47% components in declines. The $18.22 price decline in the health insurance company’s stock was shaving about 120 points off the price of the Dow, which was dropping 144 points, or 0.4%. In […]
Argus Research analyst Bill Selesky on Thursday raised his price target on Ford Motor Co. F, +3.38% shares to $29, from $20, citing the auto maker’s “strengthening balance sheet” and “clearly defined” financial targets. “We believe that supply-chain problems and semiconductor chip shortages will soon dissipate and provide greater opportunities for higher revenues and earnings […]
