Following the market opening Wednesday, the Dow traded down 1.06 percent to 20,756.84 while the NASDAQ declined 1.21 percent to 6,094.99. The S&P also fell, dropping 1.03 percent to 2,375.88. Leading and Lagging Sectors Utilities sector was the top gainer in the US market on Wednesday. Top gainers in the sector included National Grid plc […]
Microsoft Corporation MSFT announced in early May a new lineup of Surface laptops that will start selling at $999. The sleek-looking laptop boasts advanced features, but the company’s biggest hardware rival, Apple Inc. AAPL, has responded in kind. According to a Bloomberg report, Apple will release three new laptops of its own. The publication, citing […]
The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
Target Corporation TGT‘s first-quarter earnings report came in higher than expected, which prompted an 8 percent surge in the stock Wednesday morning. Target, the second-largest discount retailer in the U.S., earned $1.21 per share in the first quarter on revenue of $16.02 billion; Analysts were expecting the company to earn $0.91 per share on revenue […]
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, May 15, 2017. Thermo Fisher to Acquire Patheon for $35/Share Cash The Deal: Thermo Fisher Scientific Inc. TMO and Patheon N.V. PTHN announced that their boards of directors have approved Thermo Fisher’s acquisition of Patheon via a tender offer for […]