Tag: Marketwatch
Published: July 15, 2022 at 7:49 a.m. ET Shares of Boeing Co. rose 0.9% toward a two-month high in premarket trading Friday, after Benchmark analyst Josh Sullivan cut his price target on the aerospace and defense giant but said the “slow drip internal water torture” investors have endured for years is nearing an end. Sullivan […]
Market Snapshot Last Updated: July 16, 2022 at 3:26 p.m. ET First Published: July 16, 2022 at 8:00 a.m. ET Investors concerned about the direction of equity markets can `cut out a predefined amount of downside risk through options strategies,’ says Johan Grahn of Allianz Investment Management in Minneapolis. Federal Reserve Chairman Jerome Powell Win McNamee/Getty […]
Citigroup Inc. C, +13.23% shares rose 2.1% in premarket trades on Friday after the bank said its second-quarter earnings fell to $4.55 billion, or $2.19 a share, from $6.19 billion, or $2.85 a share, in the year-ago quarter. Revenue rose to $19.64 billion from $17.75 billion. Analysts expected Citigroup to report net income of $1.68 […]
Shares of companies in the solar power business suffered a broad drubbing in premarket trading Friday, after Sen. Joe Manchin (D-W.Va.) said he would oppose any budget reconciliation package that includes climate or energy provisions. Shares of SunRun Inc. RUN, -6.36% sank 6.8%, Enphase Energy Inc. ENPH, -1.02% dropped 4.1%, First Solar Inc. FSLR, -8.12% […]
U.S. stocks opened sharply higher Friday after a retail sales report showed consumer spending in June rose more than expected amid high inflation. The Dow Jones Industrial Average DJIA, +2.15% was up 1.5% soon after the opening bell, while the S&P 500 SPX, +1.92% rose 1.3% and the Nasdaq Composite COMP, +1.79% gained 1.2%, according […]
Debate has been simmering over whether Federal Reserve policy makers will raise the fed-funds rate by three-quarters of a percentage point later this month, as they did in June, or step up their inflation-fighting campaign with a full point hike —- something that hasn’t been seen in the past 40 years. Friday’s economic data, which […]
Shares of 10x Genomics Inc. TGX, -4.32% plunged 22.3% in active morning trading Friday, putting them on track to suffer a record one-day drop to a record low Friday, after the biotechnology company’s revenue warning prompted BofA Securities analyst Derik de Bruin to turn bearish. Trading volume was 3.9 million shares, already about triple the […]
U.S. business inventories rose 1.4% in May, the government said Friday. Sales rose 0.7% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, edged up to 1.30 from 1.29 in April and 1.27 a year ago. […]
President Joe Biden said in a statement on Friday that action on climate change and clean energy “remains more urgent than ever,” after key Democratic Sen. Joe Manchin of West Virginia said he opposes including climate or energy provisions in the party’s budget package. “If the Senate will not move to tackle the climate crisis […]
President Joe Biden on Friday said he made his view about the killing of journalist Jamal Khashoggi “crystal clear” to Saudi Crown Prince Mohammed bin Salman. “I was straightforward and direct in discussing it,” Biden told reporters during a visit to Saudi Arabia. “I made my view crystal clear.” Biden has criticized the kingdom for […]