Tag: Marketwatch
The U.S.-listed shares of Nio Inc. NIO, -2.68% dove 4.8% in morning trading Monday, to buck the rally in the broader stock market, after fellow China-based electric vehicle maker XPeng Inc. XPEV, -5.54% provided a disappointing second-quarter revenue outlook. Nio’s stock drop comes after it had bounced 29.3% over the past seven sessions, off the […]
All three major stock benchmarks ended sharply higher Monday, kicking off the week with gains as shares in the financials sector jumped. The Dow Jones Industrial Average DJIA, +1.98% closed up almost 619 points, or about 2%, while the S&P 500 SPX, +1.86% climbed around 1.9% and the Nasdaq Composite COMP, +1.59% rose about 1.6%, […]
Lithium producer Albemarle Corp. ALB, +2.75% late Monday upgraded its guidance for the year, mostly thanks to additional lithium contract renegotiations following blowout first-quarter earnings earlier this month. Albemarle said it expects fiscal 2022 sales between $5.8 billion and $6.2 billion, compared with a prior guidance of sales between $5.2 billion and $5.6 billion, and […]
Advance Auto Parts Inc. AAP, +0.74% shares fell slightly more than 1% in the extended session Monday after the specialty retailer reported lower-than-expected adjusted profit in the first quarter. Advance Auto Parts earned $140 million, or $2.26 a share, in the quarter, compared with $186 million, or $2.81 a share, in the year-ago quarter. Adjusted […]
The House Ethics Committee said in a statement Monday that it has established an investigative subcommittee that “shall have jurisdiction to determine whether Representative Madison Cawthorn may have: improperly promoted a cryptocurrency in which he may have had an undisclosed financial interest, and engaged in an improper relationship with an individual employed on his congressional […]
Gold futures edged higher Monday, booking a third session in a row of gains for the precious metal, as a soaring dollar pulled back from recent highs. Gold for June delivery GCM22, +0.45% GC00, +0.45% added $5.70, or 0.3%, to settle at $1,847.80 an ounce on Comex, after Friday snapping four straight weeks in a […]
Financial stocks enjoyed broad gains Monday, with the sector the best performer of the S&P 500’s SPX, +1.74% 11 major sectors, after J.P. Morgan Chase & Co. JPM, +7.64% raised its outlook for net interest income (NII). The SPDR Financial Select Sector ETF XLF, +3.87% charged 3.8% higher in midday trading, with all 66 equity […]
U.S. stocks opened higher Monday, attempting to bounce after another week of losses for major indexes. The Dow Jones Industrial Average DJIA, +1.11% rose 266 points, or 0.8%, after logging an eight straight weekly fall on Friday, its longest streak of weekly declines since 1932, according to Dow Jones Market Data. The S&P 500 SPX, […]
Shares of Bank of America Corp. BAC, -1.71% rose 1.5% in premarket trading Monday, after the moneycenter bank said it raised its U.S. minimum wage of $22 an hour, effective at the end of June. The increase is from $21 an hour in October 2021, and has now increased 47% from $15 an hour in […]
The daily average for new COVID-19 cases topped the 100,000 mark of the third straight day and hospitalizations keep rising, but deaths fell to a 10-month low. Meanwhile, advisors to the Centers for Disease Control and Prevention recommended that children aged 5 to 11 receive the COVID-19 booster shot from Pfizer Inc. PFE, +3.59% and […]