Asian stock markets started lowed Wednesday, even as worries eased over Turkey’s currency crisis. Benchmarks in Taiwan, Hong Kong and China were down about 1%, with tech stocks continuing to sell off. Japan’s Nikkei NIK, -0.67% softened after slight initial gains, and was down 0.4% after jumping 2.3% Tuesday. The pullback comes as the […]
Scotts Miracle-Gro: “You’re right to be concerned because, frankly, they’ve missed quarter, missed quarter, missed quarter and enough is enough is enough. I don’t know if I want to sell it here, it’ll maybe get a bounce, but you’re absolutely right.” Johnson & Johnson: “Under 130 – it got there. [CEO] Alex Gorsky is doing […]
The S&P 500 index climbed 18.03 points, or 0.6%, to 2,839.96. The Dow Jones industrial average rose 112.22 points, or 0.4%, to 25,299.92. The Nasdaq composite advanced 51.19 points, or 0.7%, to 7,870.89. The Russell 2000 index jumped 17.26 points, or 1%, to 1,692.58.
Check out the companies making headlines after the bell: Energen surged more than 7 percent in after-hours trading after Diamondback Energy announced it was acquiring the oil and gas company for about $9.2 billion, including debt, or $84.95 per share. The acquisition price represents a 16.1 percent premium to Tuesday’s closing price of $73.14. The […]
Thomson Reuters Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and strong earnings. The dollar and Treasury yields extended gains. Here’s the scoreboard: Dow Jones industrial average: 25,296.43 +108.73 (+0.43%) S&P 500: 2,841.04 +19.11 (+0.68%) Nasdaq Composite: 7,870.47 +50.77 (+0.65%) After a sharp sell-off slashed more than a fifth of […]
IStockphoto A heroic run? Barring a breathtaking plunge, the bull market in U.S. stocks on Aug. 22 will become the longest in history, and optimistic investors argue it has miles to go before it rests. The bull market has thrived amid a decade of financial and political upheaval, thanks in part to the all-you-can eat […]
By Mary Childs Aug. 14, 2018 3:20 p.m. ET David Einhorn‘s Greenlight Capital sold tech stocks in the second quarter to buy shares of retail companies, according to its most recent public filing of its holdings. In the second quarter, Greenlight bought shares of Gap (GPS), Best Buy (BBY), Dollar General (DG), Dollar Tree Stores (DLTR), and TJX Companies (TJX), which runs T.J. Maxx, […]
“The report of my death is greatly exaggerated,” Mark Twain wrote to a newspaper when it was inaccurately reported he’d died, before his actual death in 1910. A similar sentiment exists among some market participants today as mega-cap technology stocks have soared. Some strategists believe the assessment that the market’s technology leadership is too concentrated […]
