|
Walgreens Boots Alliance Inc.'s stock WBA rose 8% Thursday to lead Dow Jones Industrial Average DJIA and S&P 500 SPX gainers. The stock remains down 38% in the year to date, which is putting it on track for its worst year on record, according to Dow Jones Market Data, based on data going back to January of 1972. The company's financial results have come up short in recent quarters, and it has faced rising costs, a drop-off in COVID-19 vaccinations and a slower rollout of its healthcare business. On Thursday, it said it was expanding its flu and COVID testing and treatment offerings and reminded consumers that COVID vaccines are still available at no cost to the public, while flu and RSV vaccines are covered by most insurance plans with a zero co-pay.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
RELATED ARTICLES | | | | |
|
Asia markets fall as investors assess trade data from China and Australia; oil slightly rebounds CNBCAsian Indices Trade Lower Following Overnight Losses From Wall Street; Flat Start On D-Street? CNBC-TV18Stocks, Treasuries Drop as Japan Rattles Markets: Markets Wrap Yahoo FinanceMorning Bid: Inflation pressures are cooling, rapidly ReutersStock market today: World shares advance as weak US jobs data back hopes for an end to rate hikes The Associated Press
|
|
The energy industry still has a bright future despite some ups and downs in recent years.
|
|
Nasdaq rises 1%, S&P 500 climbs for first day in 4 as jobs report looms: Live updates CNBCStock market news today: Stocks pop as focus fixes on jobs data Yahoo FinanceNasdaq outperforms on Alphabet boost, payrolls data in focus ReutersStock Market Today: Dow, S&P 500 Edge Higher; GameStop Stock Up After Earnings The Wall Street JournalU.S. stocks open higher as investors digest jobless-claims report MarketWatch
|
|
Rotation, rotation, rotation. The "Magnificent Seven"-driven market is starting to broaden out. What does this mean for the averages in the rest of 2023 and beyond?
|
|
These stocks are trading near multi-year lows, but that could change in the new year.
|
|
U.S. stocks opened higher Thursday as investors digested fresh data showing initial jobless claims inched up. The Dow Jones Industrial Average DJIA was up 0.2% soon after the opening bell, while the S&P 500 SPX rose 0.5% and the Nasdaq Composite COMP gained 0.7%, according to FactSet data, at last check. The Department of Labor said Thursday that initial jobless claims rose by 1,000, to 220,000, in the week ending Dec. 2, indicating layoffs remain low. In the bond market, the yield on the 10-year Treasury note was up about three basis points at around 4.2% after the release of the weekly jobless-claims report, according to FactSet data, at last check.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
U.S. stocks open higher as investors tighten focus on jobs picture
|
|
The Consumer Financial Protection Bureau fined Atlantic Union Bank $6.2 million after it found the bank illegally enrolled thousands of customers in checking account overdraft programs, the regulator said Thursday. "Atlantic Union Bank harvested millions of dollars in overdraft fees through a host of illegal practices," said CFPB Director Rohit Chopra, in a statement. "Americans are fed up with junk fee scams and the CFPB will continue its work to ensure families are treated fairly."Atlantic Union Bank, is a subsidiary of Atlantic Union Bankshares Corp. AUB"We respectfully disagree with the CFPB's conclusions about these historical practices and take very seriously our obligation to comply with applicable law," said Atlantic Union CEO John Asbury, in a press release. "Nonetheless, we believe it is in Atlantic Union's best interest to settle this matter so we can continue focusing on providing the products, services, and support our customers want," he added.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
RELATED ARTICLES | | |
|
Several hedge fund billionaires have been buying shares of Palantir Technologies and Microsoft.
|
|
The U.S. Energy Information Administration reported on Thursday that U.S. natural-gas supplies in storage declined by 117 billion cubic feet for the week ended Dec. 1. On average, analysts surveyed by S&P Global Commodity Insights forecast a weekly fall of 105 billion cubic feet. Total working gas in storage for the week was at 3.719 trillion cubic feet, up 254 billion cubic feet from a year ago and 234 billion cubic feet above the five-year average, the government said. In Thursday dealings, January natural gas NGF24 traded at $2.585 per million British thermal units, up 1.6 cents, or 0.6%, on the New York Mercantile Exchange. Prices traded at $2.577 ahead of the supply data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
A focus on companies that can generate enough free cash flow to raise dividends can help defend an investment portfolio during tough times.
|
|
Stocks have rallied this year, but there are still some bargains available on the market.
|
|
Dollar General Corp.'s stock DG rose 1.9% early Thursday, after the discount retailer beat third-quarter earnings estimates and backed its guidance, even as its CEO said it was not happy with its performance. The company posted net income of $276.2 million, or $1.26 a share, for the third quarter, down from $526.2 million, or $2.33 a share, in the year-earlier period. Sales rose 2.4% to $9.694 billion from $9.465 billion a year ago. The FactSet consensus was for EPS of $1.20 and sales of $9.644 billion. Same-store sales fell 1.3%, while FactSet was expecting a 2.1% decline. "While we are not satisfied with our financial results for the third quarter, including a significant headwind from inventory shrink, we are pleased with the momentum in some of the underlying sales trends, including positive customer traffic, as well as market share gains in both dollars and units," CEO Todd Vasos said in a statement. Vasos returned to the role of CEO in October, after serving in the position from June 2015 to November 2022. Vasos said the company has completed a review of all aspects of the business and identified key areas for improvement both in the near and longer term. For fiscal 2024, it is planning about 2,385 real estate projects, including 800 new stores, 1,500 remodels, and 85 relocations. "This is a modest slow down compared to the number of projects in recent years, which we believe is prudent in this environment," he said. Dollar General backed its full-year guidance, for a sales increase of 1.5% to 2.5%, and for EPS of $7.10 to $7.60. The company expects same-store sales to be down 1% to flat. The stock is down 45.6% in the year to date, while the S&P 500 SPX has gained 19%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories fell by 4.6 million barrels for the week ended Dec. 1. On average, analysts polled by S&P Global Commodity Insights expected the report to show a decline of 4.1 million barrels. The EIA report also revealed supply increases of 5.4 million barrels for gasoline and 1.3 million barrels for distillates. The forecast called for supply gains of 800,000 barrels each for gasoline and distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub rose by 1.9 million barrels last week, the EIA said. Oil futures continued to trade lower, with January West Texas Intermediate crude CLF24 down $1.70, or 2.4%, at $70.62 a barrel on the New York Mercantile Exchange. Prices traded at $70.80 before the supply data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
