Tag: Marketwatch
Gold futures settled higher on Friday after a disappointing rise in December U.S. nonfarm payrolls. Prices, however, still marked their worst weekly loss since the period ending Nov. 26, FactSet data show. The U.S. created a much smaller-than-expected 199,000 jobs in December, but the U.S. jobless rate slipped to 3.9% from 4.2%. “It seems traders […]
CinCor Pharma Inc.’s stock CINC, -4.06% shot out of the gate in morning trading Friday, but then pulled back sharply, to trade briefly below in negative territory. The Massachusetts-based biopharmaceutical company’s stock’s first trade was at $21.00 at 11:05 a.m. Eastern, or 31.3% above the $16 IPO price. The stock then rose to an intraday […]
Stocks struggled for direction early Friday, opening near unchanged after a mixed jobs report that saw nonfarm payrolls rise by a much weaker-than-expected 199,000 in December. The Dow Jones Industrial Average DJIA, -0.17% fell 78 points, or 0.2%, to 36,158, while the S&P 500 SPX, -0.47% was down 0.1% at 4,693. The Nasdaq Composite COMP, […]
CinCor Pharma Inc. CINC, is set to go public on the Nasdaq Friday, after the Massachusetts-based biopharmaceutical company’s upsized initial public offering priced overnight at $16 a share, in the middle of the expected range of between $15 and $17 a share. The company raised $193.6 million as it sold 12.1 million shares in the […]
Acuity Brands Inc. AYI, -1.11% reported Friday fiscal first-quarter profit and sales that rose above expectations, as lighting and lighting controls sales showed strength despite supply chain challenges. The stock was still inactive in premarket trading. Net income grew to $87.6 million, or $2.46 a share, from $59.6 million, or $1.57 a share, in the […]
Shares of UnitedHealth Group Inc. UNH, -4.09% dropped 3.7% in afternoon trading Thursday, enough to pace the Dow Jones Industrial Average’s DJIA, -0.47% components in declines. The $18.22 price decline in the health insurance company’s stock was shaving about 120 points off the price of the Dow, which was dropping 144 points, or 0.4%. In […]
Argus Research analyst Bill Selesky on Thursday raised his price target on Ford Motor Co. F, +3.38% shares to $29, from $20, citing the auto maker’s “strengthening balance sheet” and “clearly defined” financial targets. “We believe that supply-chain problems and semiconductor chip shortages will soon dissipate and provide greater opportunities for higher revenues and earnings […]
GlaxoSmithKline PLC GSK, -0.53% announced Thursday an agreement to supply the Government of Canada with 20,000 doses of Sotrovimab, the COVID-19 monoclonal antibody therapy the company developed with Vir Biotechnology Inc. VIR, . The agreement follows Canada’s initial order of 10,000 doses of Sotrovimab announced in October, which included options for additional purchases. Sotrovimab was […]
Stocks closed lower Thursday, putting the technology-heavy Nasdaq Composite Index on pace for a 3.6% weekly decline, as Treasury yields climbed and expectations for a more aggressive pace of normalization of monetary policy from the Federal Reserve weighed on Wall Street. The Dow Jones Industrial Average DJIA, -0.47% ended lower for a second straight day, […]
Sonos Inc. SONO, -0.10% shares rallied in the extended session Thursday after the International Trade Commission ruled that certain audio players, controllers, and components that Alphabet Inc.’s GOOG, -0.07% GOOGL, -0.02% Google sold in the U.S. violated as many as five of its patents. Sonos shares surged 6% after hours, following a 0.1% decline to […]