Tag: Marketwatch
U.S. oil prices posted a modest gain on Wednesday, finding some support following data from the Energy Information Administration, which showed a weekly drop of 8 million barrels in U.S. crude supplies. Prices, however, also saw pressure from worries about the demand outlook, and as Europe appeared reluctant to implement any sort of ban on […]
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 8 million barrels for the week ended April 15. The EIA was expected to show crude inventories up by 2.2 million barrels, according to Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. The American Petroleum Institute on Tuesday reported a […]
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and […]
Raymond James on Wednesday lifted its rating on Travelers Cos. Inc. TRV, -4.89% to market perform from underperform after the component of the Dow Jones Industrial Average DJIA, +1.45% posted better-than-expected earnings. The insurer on Tuesday reported adjusted first-quarter earnings of $4.22 a share, well ahead of the $3.61 FactSet consensus. Revenue rose 6% to […]
An earlier version of this story cited the wrong booster candidate. The booster cited by Moderna is a mix of beta mutations and the original strain of the virus, and the company’s “lead candidate” for the fall is a mix of omicron and the original strain of the virus. Shares of Moderna Inc. MRNA, -1.31% […]
The Dow Jones Transportation Average DJT, +2.76% powered up 2.6% in midday trading Tuesday, with all 20 components gaining ground. The biggest boost to the index was Avis Budget Group Inc.’s stock CAR, +7.08%, which hiked up 7.0%. The stock’s price gain of $18.52 was adding about 113 points to the Dow transports’ price, which […]
Shares of Southern Co. SO, +0.58% rose 0.1% in afternoon trading Tuesday, after the electric and gas distribution company said its quarterly dividend was being raised by 3.0%, to boost the dividend yield above 3.5%. The new quarterly dividend of 68 cents a share, up from 66 cents, will be payable June 6 to shareholders […]
Viridian Capital on Tuesday initiated coverage of Ascend Wellness AAWH, -0.90% with a buy rating and a $5.15 price target as a beneficiary of adult cannabis sales in New Jersey starting on Thursday. Analyst Jonathan DeCourcey said Ascend Wellness trades at a discount to other cannabis multi-state operators (MSOs) partly because its stock debut in […]
Stocks finished sharply higher Tuesday as energy prices pulled back and investors combed through another batch of corporate earnings. The Dow Jones Industrial Average DJIA, +1.45% gained about 502 points, or 1.5%, to end near 34,912, marking its biggest daily percentage climb since March 16, according to FactSet. The S&P 500 index SPX, +1.61% rose […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 4.5 million barrels for the week ended April 15, according to sources. The API also reportedly showed a weekly inventory climb of 2.9 million barrels for gasoline, while distillate stockpiles declined by nearly 1.7 million barrels. Oil stocks at the Cushing, Okla., […]