Tag: Marketwatch
The selling on the Nasdaq exchange is certainly broad-based and heavy, as the Nasdaq Composite COMP, -3.74% sinks 2.5%, but the Nasdaq Arms Index suggests sellers are fairly cool and collected. The Arms is a volume-weighted breadth measure that tends to rise above zero during down markets, as sellers often disproportionately focus on declining stocks. […]
The Senate Judiciary Committee on Thursday overwhelmingly passed a bill aimed at curtailing the market power of Apple Inc.’s AAPL, -1.67% and Google parent Alphabet Inc.’s GOOGL, -3.32% GOOG, -3.64% app stores. By a 20-2 vote, the committee pushed along the Open App Markets Act, with only Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., […]
Oil futures rallied on Thursday, with U.S. prices settling above $90 a barrel to mark another settlement at their highest since October 2014, buoyed by worries surrounding risks to global supplies, despite a decision by major oil producers to lift crude production in March. There is no doubt that the winter storms in parts of […]
Shares of Skechers USA Inc. SKX, -1.86% rallied nearly 8% in the extended session Thursday after the footwear retailer reported fourth-quarter earnings and sales above Wall Street expectations, saying its bet on comfortable styles paid off. Skechers said it earned $402 million, or $2.56 a share, in the quarter, compared with $53.3 million, or 34 […]
Clorox Co. CLX, -0.99% shares fell nearly 9% in the extended session Thursday after the maker of cleaning and other products got hit by lower margins and fewer sales amid “challenging” costs and inflation. Clorox said it earned $69 million, or 56 cents a share, in the fiscal second quarter, compared with $259 million, or […]
U.S. stocks halted a four-day advance on Thursday, with the rate-sensitive Nasdaq Composite Index leading the way lower as equity benchmarks tumbled in the final hour of trade. The Nasdaq Composite comp skid 3.7%, shedding about 540 points, to finish near 13,878. The S&P 500 index spx fell 2.4%, while the Dow Jones Industrial Average […]
U.S. officials have evidence that Russia has developed a plan to use a faked video to create a pretext for an invasion of Ukraine, according to multiple published reports Thursday citing unnamed American officials. The video likely would depict graphic scenes of a staged false explosion with corpses, actors depicting mourners, and images of destroyed […]
Vista Outdoor Inc. VSTO, +2.37% shares rose 1.3% in Thursday trading after the outdoor and sporting company reported record fiscal third-quarter sales. Net income totaled $118.1 million, or $2.00 per share, up from $78.9 million, or $1.31 per share, last year. Adjusted EPS of $2.10 beat the FactSet consensus of $1.92. Sales of $794.7 million […]
Stocks opened lower Thursday, with the Nasdaq Composite leading the way lower as shares of the company formerly known as Facebook plunged after delivering a disappointing earnings report. The Dow Jones Industrial Average DJIA, -0.85% fell 219 points, or 0.6%, while the S&P 500 SPX, -1.55% was down 1.5% at 4,518. The Nasdaq Composite COMP, […]
Shares of Biogen Inc. BIIB, -1.92% were down 3.7% in premarket trading on Thursday after missing earnings and revenue expectations in the final quarter of 2021. Biogen had earnings of $368.2 million, or $2.51 per share, in the fourth quarter of 2021, compared with $357.9 million, or $2.33 per share, in the fourth quarter a […]