Tag: Marketwatch

Energy was the only one of the S&P 500’s SPX, -0.75% 11 key sectors to be gaining ground Wednesday, as rallies in crude oil and natural gas futures offset concerns over the start of the Federal Reserve’s move to reduce liquidity in the marketplace. The SPDR Energy Select Sector ETF XLE, +1.63% climbed 1.5% toward […]

Gold futures eked out a gain Wednesday, shaking off a rise in Treasury yields as U.S. stocks slumped. Gold for August delivery GC00, +0.08% GCQ22, +0.08% rose 30 cents to close at $1,848.70 an ounce on Comex. The yield on the 10-year Treasury note TMUBMUSD10Y, 2.902% rose around 10 basis points to 2.94%. Rising yields […]

PVH Corp. PVH, +0.34% rose more than 4% in the extended session Wednesday after the parent company of Calvin Klein and Tommy Hilfiger reported better-than-expected quarterly sales. PVH said it earned $133 million, or $1.94 a share, in the first quarter, compared with $100 million, or $1.38 a share, in the year-ago period. Revenue rose […]

All three major U.S. stock benchmarks closed lower Wednesday, amid fresh economic data showing manufacturing activity rose in May and as remarks by Federal Reserve officials reinforced expectations the central bank will continue to aggressively tighten monetary policy. The Dow Jones Industrial Average DJIA, -0.54% slipped about 0.5%, while the S&P 500 SPX, -0.75% fell […]

Expectations are growing that the Federal Reserve will deliver another half-percentage point rate increase in September after similar moves in June and July, triggering broad-based selloffs in both bonds and stocks on Wednesday. All three major U.S. stock indexes were down in the afternoon, while an aggressive selloff across Treasurys pushed yields on 2- through […]

Shares of PTC Inc. PTC, -1.36% fell 1.5% in midday trading Wednesday, after one of the product management software company’s largest shareholders, Rockwell Automation Inc. ROK, +0.74%, said it planned to sell some shares. In an form 13D filed before the open, Rockwell said it owned 10.57 million PTC shares, or 9.04% of the shares […]

Shares of Hovnanian Enterprises Inc. HOV, +9.21% surged 6.4% toward a fifth-straight gain in morning trading Wednesday, after the home builder reported fiscal second-quarter earnings that more than tripled, when excluding the benefit of last year’s valuation allowance reduction, and gross margin that improved by more than five percentage points. Net income for the quarter […]

Read Next Barron’s: GameStop, Salesforce, Netflix, Alphabet, Nvidia, and Other Stocks to Watch This Week The stock market is closed on Monday for Memorial Day. Then, GameStop, Salesforce, Chewy, Lululemon, and more earnings. Plus, May jobs data, PMIs, and consumer confidence. Source: Marketwatch

AmerisourceBergen Corp. ABC, -1.32% said Wednesday that it set a new $1 billion stock repurchase program. That represents 3.1% of the pharmaceutical and health care products company’s market capitalization of $32.42 billion at Tuesday’s stock closing price. As of May 31, the company said it had $321 million remaining from the buyback program it set […]

U.S. stocks were down soon after the opening bell Tuesday morning, with the Dow Jones Industrial Average leading the decline after Memorial Day weekend. The Dow Jones Industrial Average was down 408 points, or 1.2%, at around 32,805 DJIA, -0.67%, while the S&P 500 SPX, -0.63% fell around 1% and Nasdaq Composite COMP, -0.41% dipped […]