Category: Market News
Vir Biotechnology Inc. VIR, +4.50% said Tuesday that it began dosing participants in a Phase 2 clinical trial evaluating its experimental monoclonal antibody to prevent illness from influenza A. The investigational therapy is an intramuscular dose that has been designed to prevent seasonal flu and influenza A, which has previously caused flu pandemics, including the […]
Intel Corp.’s INTC, +1.97% Mobileye Global Inc. has set terms for its initial public offering, in which the advanced driver assistance systems (ADAS) and autonomous driving technologies company looks to raise up to $820 million and be valued at up to $15.93 billion. Mobileye plans to offering 41.0 million Class A shares in the IPO, […]
XPO Logistics Inc. XPO, +3.55% a trucking-transportation and brokerage service, announced Monday that executives now expect third-quarter sales of around $3.04 billion, which would be the company’s lowest quarterly revenue since 2015, according to FactSet data. Shares fell 2% after hours. The forecast was a bit below FactSet expectations for $3.09 billion, and comes as […]
U.S. stocks closed sharply higher Monday as quarterly corporate earnings picked up steam and the S&P 500 recorded its best daily percentage gain since Oct. 4, according to FactSet data. The Dow Jones Industrial Average DJIA, +1.86% gained about 550 points, or 1.9%, ending near 30,188, while the S&P 500 index SPX, +2.65% advanced 2.7%. […]
Gold futures finished higher on Monday, after ending the previous session at their lowest price of the month so far. The weaker U.S. dollar and sharp decline in bond yields helped support gold, said Michael Hewson, chief market analyst at CMC Markets UK. But prices remained below the intraday high seen on Friday, he said. […]
Shares of Microsoft Corp. MSFT, +3.50% surged 3.7% in morning trading Monday, to provide the biggest point boost among Dow Jones Industrial Average’s DJIA, +1.85% components. The software behemoth’s stock price gain of $8.55 added about 56 points to the Dow’s price, while the Dow rallied 545 points, or 1.8%. Microsoft’s stock rally comes even […]
Share of airline companies enjoyed a broad rally Monday, boosted by data showing the most people flew on Sunday since before the pandemic, and by the rally in the broader stock market. The U.S. Global Jets ETF JETS, +2.02% climbed 1.5% in morning trading, while the S&P 500 SPX, +2.69% jumped 2.6%. Among the Jets […]
Shares of Biogen Inc. BIIB, -1.97% gained 1.4% in premarket trading on Monday after telling investors that the Food and Drug Administration extended the review period for its experimental treatment for amyotrophic lateral sclerosis (ALS) by three months. The new decision date is April 25. Biogen’s stock is up 10.3% this year, while the S&P […]
U.K. bond yields tumbled on Monday ahead of a planned statement from new Chancellor of the Exchequer Jeremy Hunt laying out budget plans ahead of the Oct. 31 medium-term plan. The yield on the 30-year gilt TMBMKGB-30Y, 4.473% fell 36 basis points to 4.49%, while the pound GBPUSD, +0.58% rose to $1.1257. Hunt also gave […]
U.S. stocks finished a week of extreme volatility sharply lower on Friday, even as the Dow posted a second weekly advance after inflation data showed little signs of pulling back from its roughly 8% advance in September from a year ago. The Dow Jones Industrial Average DJIA, -1.34% fell about 400 points, or 1.3%, ending […]
