Tag: Marketwatch
Gold prices closed flat on Friday, but booked a weekly gain, putting an end to the yellow metal’s longest streak of weekly losses in four years. Gold for June delivery GCM22, +0.21% GC00, +0.21% finished the session virtually unchanged, up just 90 cents, to settle at $1,842.10 an ounce on Comex, as continued volatility in […]
Shares of Deere & Co. DE, -14.07% plunged 14.9% toward a 15-month low in afternoon trading Friday, after the maker of construction, agriculture and forestry equipment beat fiscal second-quarter profit and revenue expectations but warned that headwinds from supply-chain constraints were expected to continue in the coming quarters. While the company affirmed fiscal 2022 sales […]
Major U.S. stock indexes finished mostly higher Friday, eking out gains with a dramatic rally into the closing bell. The bounce allowed the S&P 500 index SPX, +0.01% to narrowly avoid a bear-market finish, while ending the session virtually flat around 3,901. The Dow Jones Industrial Average DJIA, +0.03% rose less than 0.1% and the […]
Amid a sea of red in U.S. stock markets on Friday, a fundamental shift in investors’ thinking is taking place, one which analysts describe as a “growth scare.” A “growth scare” is characterized by a correction in anticipation of slowing economic growth, even if such a slowdown hasn’t yet been borne out by the data. […]
The S&P 500 on Friday traded below 3,837.25, the level that marks a 20% pullback from the large-cap U.S. benchmark’s Jan. 3 record close. A finish below that level would meet the traditional definition of a bear market. The S&P 500 SPX, -1.51% was last at 3,837.48 after trading as low as 3,836.35. Source: Marketwatch
The Securities and Exchange Commission on Friday said Wells Fargo & Co. WFC, -1.18% agreed to pay $7 million to settle charges that it failed to file at least 34 suspicious activity reports in a timely manner between April, 2017, and October, 2021. The SEC said the bank’s anti-money laundering (AML) system adopted in January, […]
Stocks opened higher Friday, attempting to bounce at the end of what’s shaping up to be another losing week for major indexes. The Dow Jones Industrial Average DJIA, +0.58% was up 217 points, or 0.7%, at 31,470, while the S&P 500 SPX, +0.88% gained 0.9% to trade at 3,936. The Nasdaq Composite COMP, +1.08% was […]
Foot Locker Inc. FL, -2.01% shares rose 4.1% in Friday premarket trading after it reported first-quarter profit that beat expectations. The athletic retailer posted net income of $133 million, or $1.37 per share, down from $202 million, or $1.93 per share, last year. Adjusted EPS of $1.60 beat the FactSet consensus for $1.54. Sales of […]
ICEE and Minute Maid frozen beverage parent J&J Snack Foods Corp. JJSF, +3.49% announced Thursday an agreement to buy flash-frozen beaded ice cream maker Dippin’ Dots LLC for $222 million. The deal, which is expected to close by the end of June, will be funded through cash and debt financing. The deal is expected to […]
Read Next Tesla stock price target slashed by Wedbush’s Ives on China’s ‘epic disaster,’ Twitter ‘circus show’ Shares of Tesla Inc. undefined dropped 1.6% toward a nine-month low in premarket trading Thursday, after Wedbush analyst Dan Ives slashed his price target by 29%, citing “hard to ignore” headwinds in China, as COVID-related lockdowns have reduced […]