Tag: Marketwatch
Stocks opened lower Friday, weighed down as shares of Amazon.com Inc. AMZN, -14.05% and Apple Inc. AAPL, -3.66% lost ground after quarterly updates. The Dow Jones Industrial Average DJIA, -2.77% fell 90 points, or 0.3%, at 33,826,leaving it on track for a 2.5% monthly fall. The S&P 500 SPX, -3.63% was down 0.7% at 4,256, […]
Shares of Novavax Inc. NVAX, +1.81% jumped 10.8% in trading on Friday after the Food and Drug Administration announced that an advisory committee is set to meet June 7 to examine the benefits and risks of the company’s experimental COVID-19 vaccine. Novavax’s protein-based vaccine has been authorized in several countries, including by the U.K. and […]
Cowen Inc. COWN, -0.44% rose 5.8% on Friday after the investment bank and brokerage company said its first-quarter net income fell to $33.3 million, or $1.05 a share, from $145.8 million, or $4.34 a share in the year-ago quarter. Adjusted profit totaled $1.35 a share in the latest quarter. First-quarter revenue dropped to $364.1 million […]
Stocks tumbled into the closing bell Friday, with all three major equity indexes shedding more than 2.7% to end an ugly week and month on Wall Street. The Dow Jones Industrial Average DJIA, -2.77% fell about 938 points, or 2.8%, ending the session near 32,977. Continued carnage in technology-related stocks left the S&P 500 index […]
Walmart Inc. WMT, -1.40% announced the launch of a new exclusive brand, Love & Sports, created with fashion designer Michelle Smith and indoor cyclist Stacey Griffith. Items are made with “high-performance” fabrics and are intended to go from the gym to daily activities. The collection includes 121 items priced from $12 to $42 and include […]
Shares of Moderna Inc. MRNA, -2.28% said Friday that it asked the European Medicines Agency to authorize its COVID-19 vaccine for use in children between the ages of 6 months and 6 years old. The company also filed for authorization in this age group in the U.S. this week. Moderna separately said Friday that it […]
Shares of Amazon.com Inc. AMZN, -12.06% tumbled 12.5% in morning trading Friday, enough to pace the S&P 500’s SPX, -1.59% losers, after the ecommerce giant reported a surprise first-quarter loss and revenue that came up a bit shy. The stock, which was trading at the lowest levels seen during regular-session hours since June 2020, was […]
Raymond James analyst C. Gregory Peters on Friday cut his rating on title insurance provider Old Republic International Corp. ORI, -3.39% to outperform from strong buy and trimmed his price target by $2 a share to $28. Peters cited near-term headwinds in the its title business, which comprises 48% of Old Republic’s revenue. The move […]
Tesla Inc. shares TSLA, -0.45% rose 3% in premarket trade Friday, after Chief Executive Elon Musk said he sold $4 billion of his stock this week, but tweeted that no further sales were planned. Musk, whose offer to buy Twitter Inc. TWTR, +0.97% was accepted by its board earlier this week, made the disclosures in […]
California Attorney General Rob Bonta said Thursday his office has issued a subpoena to Exxon Mobil Corp. XOM, +3.02% as part of the office’s investigation into the energy industry’s “role” in allegedly “causing and exacerbating the global plastics pollution crisis.” The attorney general was seeking “information relating to the company’s role in deceiving the public,” […]