The broader market surged last week and added to solid December gains after the Federal Reserve signaled that inflation may have cooled enough for the central bank to shift to cutting interest rates in 2024. Markets in Europe finished mostly lower, while markets in Asia closed lower. The yield on the 10-year Treasury rose to 3.95% from 3.92% late Friday.Īll told, the S&P 500 rose 21.37 points to 4,740.56. ![]() ![]() Door maker Masonite International fell 16% after saying it will by PGT Innovations in a deal worth about $13 billion. Photoshop maker Adobe rose 2.5% following an announcement that it is terminating its planned $20 billion buyout of Figma. Investors had several other corporate buyout updates to review. That’s nearly double what was offered just four months ago by rival Cleveland Cliffs. The all-cash deal is valued at about $14.1 billion, or $14.9 billion with debt. The Pittsburgh steelmaker played a key role in the nation’s industrialization. Steel soared 26.1% after agreeing to be acquired by Japan’s Nippon Steel. Valero Energy rose 2.6% and Marathon Petroleum added 2.3%. ![]() Oil and natural gas giant BP has joined the growing list of companies that have halted shipments in the major trade route. rose 2.7% and Etsy climbed 4.7% for the biggest gain among S&P 500 stocks.Ĭhipmaker Nvidia rose 2.4%, while Meta added 2.9% and Netflix closed 3% higher.Įnergy companies also rallied as the price of crude oil jumped amid growing concerns about attacks from Iranian-backed Houthis on shipping in the Red Sea. Retailers and big technology companies were among the big gainers. The S&P 500 rose 0.5% and the Nasdaq composite picked up 0.6%, while the Dow Jones Industrial Average finished essentially flat after most of a 0.2% gain faded by late afternoon. NEW YORK > Stocks ended mixed today as Wall Street’s seven-week winning streak cooled off.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |