Category: Stock Market
Shares of Catalent Inc. CTLT, -24.13% plunged 23.4% toward a record one-day selloff, and enough to pace the S&P 500’s SPX, -0.30% losers, after the contract drug manufacturing company reported fiscal first-quarter profit and revenue that missed expectations and cut its full-year outlook. The stock’s previous record one-day drop was 18.7% on March 16, 2020. […]
Gold futures settled higher on Tuesday, recouping their loss from a day earlier and then some, as investors awaited Wednesday’s decision on U.S. interest rates from the Federal Reserve. Gold for December delivery GCZ22, +0.60% rose $9, or nearly 0.6%, to settle at $1,649.70 an ounce on Comex, after falling by almost 0.3% on Monday.
Investors have been turning upbeat about government bonds in recent days, helping the benchmark 10-year Treasury note break a 12-week losing streak at the end of last week. A rally in long-dated government debt resumed on Tuesday, following a brief one-day selloff in the prior session — sending yields on the 10- TMUBMUSD10Y, 4.061% , […]
Shares of Amazon.com Inc. AMZN, -4.93% sank 5.2% in midday trading, reversing an earlier intraday gain of as much as 2.1%, to put them in danger of a fifth-straight loss. The stock has tumbled 19.44% over the past five days. That’s a touch better than the 19.50% drop suffered over the five sessions to May […]
While the Big 3 stock market indexes are all falling at at least 0.5%, readings of exchange data suggest the market of stocks is actually rising. The number of advancing stocks are outnumbering decliners by 1,804 to 1,077 on the New York Stock Exchange (NYSE) and by 2,220 to 1,658 on the Nasdaq exchange. And […]
Upstart Holdings Inc. UPST, -3.80% has eliminated the positions of 140 hourly employees who processed loan applications, the financial-technology company disclosed in a filing with the Securities and Exchange Commission Tuesday. The company, which uses artificial intelligence to inform lending decisions, attributed the move to “the challenging economy and reduction in the volume of loans […]
U.S. stocks opened higher amid a drop in Treasury yields as the Federal Reserve kicks off its two-day policy meeting. The Dow Jones Industrial Average DJIA, -0.33% was up 0.6% soon after the opening bell, while the S&P 500 index SPX, -0.41% rose around 1% and the tech-heavy Nasdaq Composite COMP, -0.75% gained 1.5%, according […]
Dentsply Sirona Inc. XRAY, -0.10%, a maker of dental products and technology, said Tuesday it has completed an internal probe of financial reporting involving former and current executives and said it would restate third-quarter and full-year 2021 earnings. The probe looked at allegations of “channel stuffing”, a deceptive practice used to inflate sales and earnings […]
United Parcel Service Inc. UPS, +0.36% said Tuesday that of the more than 100,000 employees it plans to hire for the holidays, at least 60,000 will be hired in the coming weekend. The package delivery giant said its “UPS Brown Friday” will start Nov. 4, and will include more than 450 in-person and virtual hiring […]
Molson Coors Beverage Co. TAP, -1.31% said Tuesday its third-quarter profit fell 52% to $216.4 million, or 99 cents a share, from $453 million, or $2.08 a share, in the year-ago quarter. Adjusted earnings at the alcoholic beverage maker fell to $1.32 a share, from $1.75 a share. Net sales rose 4% to $2.94 billion. […]
