Tag: Marketwatch
Shares of Tesla Inc. TSLA, -0.68% slipped 0.2% in midday trading Tuesday, paring earlier gains of as much as 2.3%, and putting them in danger of their first loss in five sessions. Meanwhile, Argus Research analyst Bill Selesky affirmed his buy rating and boosted his stock price target by 30%, to $1,313 from $1,010, citing […]
Shares of GoDaddy Inc. GDDY, +0.06% shot up 8.1% toward a near five-month high in morning trading Monday, after The Wall Street Journal reported that hedge fund Starboard Value LP has acquired a 6.5% stake in the company. The domain name registration company’s stock has run up 17.6% amid a six-day win streak, putting it […]
Shares of Alibaba Group Holding Ltd. BABA, -1.09% rose 0.8% in morning trading Monday, after China’s securities regulator’s draft rules on overseas listings released over the long weekend OK’d the listing structure known as variable-interest entity (VIE) used by the e-commerce giant to list its shares on the NYSE. Alibaba’s stock has now rallied 6.8% […]
Sorrento Therapeutics Inc. SRNE, -9.70% said Monday that “initial” laboratory testing of its Covistix COVID-19 virus rapid antigen detection test “significantly outperforms” in the detection of the omicron variant. The stock slipped 1.1% in morning trading. The company said Covistix, which is currently approved in Mexico and Brazil and is CE marked in Europe, was […]
U.S. stock benchmarks rose Monday, with gains in technology shares helping to establish an intraday record for the S&P 500, which could lead to its 69th record close of 2021. The S&P 500 index SPX, -0.13% was trading 0.5% higher at 4,748, and had hit an intraday day high at 4,750.35, marking the first intraday […]
The global tally for COVID-19 rose to 281.5 million as of Tuesday morning and the death toll climbed to 5.41 million, according to data aggregated by Johns Hopkins University. The U.S. leads the world with a total COVID-19 case count of 52.8 million and death toll of 818,371. On Monday, there were 543,415 new cases […]
U.S. stock benchmarks ended higher Monday, with the S&P 500 index closing at a fresh peak, as investors resumed trading after the Christmas holiday and kicked off the beginning of a potential Santa Claus rally. The S&P 500 SPX, +0.07% and Nasdaq Composite COMP, -0.34% each rose about 1.4% while the Dow Jones Industrial Average […]
The semiconductor sector was enjoying a broad and healthy rally in afternoon trading Monday, enough to propel the PHLX Semiconductor Index SOX, -1.17% into record territory. The chip sector index, known as the “SOX,” ran up 2.7% with all 30 components gaining ground. The SOX has now run up 8.2% amid a four-session win streak, […]
Crude-oil futures reversed course to end sharply higher Monday, climbing in a session in which investors appeared willing to buy assets considered risky, despite concerns about the spread of the omicron variant of the coronavirus that causes COVID-19. West Texas Intermediate crude for February delivery CLG22, +0.74% CL00, +0.74% traded $1.78, or 2.4%, higher, to […]
Shares of Apple Inc. AAPL, -0.20% bulled up 2.0% into record territory in afternoon trading Monday, enough to pace the Dow Jones Industrial Average’s DJIA, +0.43% gainers. The technology behemoth’s stock has now run up 5.9% amid a four-day win streak, and was currently headed for a close above the Dec. 10 record of $179.45. […]
