Category: Stock Market
The two new omicron subvariants dubbed BQ.1 and BQ.1.1 are spreading fast in the New York region and could account for up to 36.6% of new cases, nearly double the top of the range for all of the U.S., according to Centers for Disease Control and Prevention data. The two variants accounted for 11.5% and […]
Shares of Generac Holdings Inc. GNRC, -25.34% sank 10.7% toward a more than two-year low in premarket trading Wednesday, after the maker of home and industrial power systems reported third-quarter profit and sales that fell well below expectations and cut its full-year outlook, citing disappointing residential sales. Net income fell to $58 million, or 83 […]
President Joe Biden on Wednesday offered fresh harsh words for Russian President Vladimir Putin, as he responded to a reporter’s question about the significance of Putin’s declaration of martial law in the four Ukrainian regions that Moscow has annexed. “I think Vladimir Putin finds himself in an incredibly difficult position,” Biden said. “What it reflects […]
Gold futures declined Wednesday to settle at their lowest price in more than three weeks, as the U.S. dollar and Treasury yields strengthened on the back of expectations for further interest-rate increases from the Federal Reserve. The path of least resistance for gold is “to the downside and as support after support breaks, this will […]
Shares of Baker Hughes Co. BKR, +5.96% rose 0.9% in premarket trades Wednesday after the drill bit maker beat its adjusted earnings target. Baker Hughes reported a third-quarter loss of $17 million, or 2 cents a share, after net income of $8 million, or a penny a share, in the year-ago period. Third-quarter adjusted income […]
Travelers Cos. Inc. shares TRV, +4.29% rose 1.3% in premarket trade Wednesday, after the property & casualty insurer topped profit and revenue estimates for the third quarter. The company posted net income of $454 million, or $1.89 a share, for the quarter, down 31% from $662 million, or $2.62 a share, in the year-earlier period. […]
Shares of Procter & Gamble Co. PG, +1.18% rose 2.1% in premarket trading Wednesday, after the consumer packaged goods company reported fiscal first-quarter profit and sales that rose above expectations, as higher pricing provided a boost, but lowered its full-year sales outlook. Net income fell to $3.94 billion, or $1.57 a share, from $4.11 billion, […]
Shares of PTC Therapeutics Inc. PTCT, -10.35% were down 10.1% in trading on Wednesday morning, the day after the company said enrollment in a Phase 2 clinical trial for its Huntington’s disease treatment candidate has been paused. PTC told investors on Tuesday night that the Food and Drug Administration had requested additional information about the […]
U.S. stocks opened lower Wednesday amid rising yields as investors assessed fresh data on the housing market. The Dow Jones Industrial Average DJIA, -0.88% dipped 0.4% soon after the opening bell, while the S&P 500 SPX, -1.25% fell 0.5% and the Nasdaq Composite COMP, -1.51% slipped 0.8%, according to FactSet data, at last check. The […]
Shares of Establishment Labs Holdings Inc. ESTA, -12.80% tumbled 21.7% toward a 21-month low in premarket trading Wednesday, after short-seller Hindenburg Research took aim at the silicone breast implant company. Hindenburg alleged that it found most safety studies of the company’s products have “conflicts of interest,” and that many patient testimonials and multiple lawsuits dispute […]