Category: Market News
The Energy Information Administration on Wednesday reported that U.S. crude inventories fell by 3.3 million barrels for the week ended Aug. 19. On average, analysts expected a decline of 3.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The EIA also said gasoline stockpiles were “virtually unchanged” for the week, while […]
U.S. stocks opened marginally lower again on Wednesday as the main benchmarks headed for a fourth day of losses ahead of closely-watched commentary from Federal Reserve Chairman Jerome Powell. The S&P 500 SPX, +0.20% fell 3 points, or 0.1%, to 4,126. The Nasdaq Composite COMP, +0.37% retreated 5 points, or 0.1%, to 12,377. The Dow […]
The ODP Corp. ODP, -1.16%, the former office goods retailer Office Depot, said Wednesday it has entered an agreement to sell its corporate headquarters in Boca Raton, Florida, and then partially lease it back. The deal is expected to close by year-end, after which ODP will lease part of the building’s office space for at […]
Americans age 12 and older could begin getting omicron-specific COVID-19 boosters soon after Labor Day, according to a new report. The New York Times reported Tuesday night that the Biden administration is eager to approve the new boosters as soon as possible, and is close to authorizing the updated shots. On Tuesday, Moderna Inc. MRNA, […]
Shares of Toll Brothers Inc. TOL, +0.22% dropped more than 2% in the extended session Tuesday after the home builder lowered its deliveries guidance for the year, blaming labor shortages and supply-chain snags and saying that higher mortgage rates and home prices have sidelined some buyers. Toll Brothers said it earned $273 million, or $2.35 […]
U.S. stocks finished lower on Tuesday as investors awaited a Friday update from the Federal Reserve on its potential path to higher rates. The Dow Jones Industrial Average DJIA, -0.47% shed about 154 points, or 0.5%, ending near 32,908, while the S&P 500 index SPX, -0.22% closed 0.2% lower, with both benchmarks ending lower for […]
Gold futures ended higher on Tuesday, with a pullback in the U.S. dollar providing an opportunity for prices of the precious metal to post their first gain in seven sessions. December gold GCZ22, +0.63% rose $12.80, or 0.7%, to settle at $1,761.20 an ounce. Prices for the most-active contract had settled Monday at the lowest […]
Pfizer Inc. PFE, -2.19% and German partner BioNTech SE BNTX, +0.02% on Tuesday announced updated COVID vaccine data supporting efficacy in children aged 6 months through 4 years of age. The companies said updated analysis from 34 cases occurring at least seven days after a three-dose regimen showed 73.2% vaccine efficacy among children in that […]
U.S. stocks opened slightly lower Tuesday, extending Monday’s selloff as investors await fresh economic data. The Dow Jones Industrial Average DJIA, -0.28% was trading down 0.1% soon after the opening bell, while the S&P 500 SPX, +0.03% fell 0.1% and the Nasdaq Composite COMP, +0.16% declined less than 0.1%, according to FactSet data, at last […]
Shares of Denny’s Corp. DENN, -1.47% rallied 4% in premarket trades Tuesday after Wedbush upgraded shares of the restaurant chain to outperform from neutral and raised its 12-month price target to $12.50 a share from $10 a share. “We came away from meetings with CFO Robert Verostek…incrementally positive,” Wedbush said. The company is poised to […]
