Category: Market News
Shares of Caterpillar Inc. CAT, +1.19% rose 1.2% in morning trading Wednesday, to pace the Dow Jones Industrial Average’s DJIA, -0.81% gainers, after the maker of construction and mining equipment raised its quarterly dividend by 8.1%. The company said the new dividend of $1.20 a share, up from $1.11 a share, will be payable on […]
The National Retail Federation gave an update on the nation’s ports, saying it’s going to be a busy summer with high volumes of merchandise landing in the U.S. “Back-to-school supplies are already arriving, and holiday merchandise will be right behind them,” said Jonathan Gold, vice president for supply chain and customs policy for the NRF, […]
Gold futures booked back-to-back gains on Wednesday, putting the precious metal on pace for a weekly gain. Gold for August delivery GCQ22, -0.09% GC00, -0.09% rose 0.2%, adding $4.40, to settle at $1,856.50 an ounce on Comex. The yellow metal found some support despite the 10-year Treasury rate pushing back above 3% and the ICE […]
Twitter Inc. TWTR, +0.77% reportedly plans to share a full data stream with Tesla Inc. TSLA, +1.25% chief Elon Musk as it looks to secure a closing of their pending merger arrangement, The Washington Post said Wednesday. The data stream includes information all on tweets posted daily and the accounts that send them, and Twitter […]
U.S. stocks finished sharply lower on Wednesday amid lackluster trading volume as demand for equities slackened ahead of May inflation data expected to be released on Friday. The Dow Jones Industrial Average was off 269.24 points, or 0.8%, to 32,910.9. The S&P 500 was off 44.91 points, or 1.1%, to 4,115.77 , and the Nasdaq […]
Shares of Altria Group Inc. MO, -8.09% dove 7.1% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, -1.12% decliners, after Morgan Stanley analyst Pamela Kaufman turned bearish on the cigarette and heated tobacco seller, citing inflation pressures and long-term competitive risks. The stock, which was headed for the lowest close in 3 […]
State Street Corp. STT, -4.33% said the company is “not going to to respond” to a report in Swiss publication Inside Paradeplaz that it’s planning a bid to buy Credit Suisse AG CG, -1.65% CSGN, +3.79%. “As we have previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business,” […]
Shares Exxon Mobil Corp. XOM, +1.84% rallied 1.5% in morning trading Wednesday, enough to put them into record territory for the first time in eight years. The rally for the oil and gas giant’s stock comes crude oil futures CL00, +1.65% climbed 1.0% toward a three-month high and as natural gas futures NG00, +3.21% jumped […]
Credit Suisse AG’s CS, +2.04% warning of a second-quarter loss weighed on bank stocks on Wednesday, as the sector moved more deeply into the red than the broad market. The Dow Jones Industrial Average DJIA, -0.14% dropped 0.7%, while components JPMorgan Chase & Co. JPM, -0.72% and Goldman Sachs Group Inc. GS, -0.74% gave up […]
Charles River Laboratories International Inc. shares CRL, +0.89% slid 6% in premarket trade Wednesday, after the drug company issued a profit warning for the second quarter. The company is now expected adjusted per-share earnings to rise in the low-to-mid-single digits from the year-earlier period, down from prior guidance of mid-to-high-single-digit growth. It expects revenue to […]