Stocks Settle Higher on Solid Data
Investors react to the Chicago PMI and consumer spending.
JNI Shoots Up on Buyout
It will be acquired by Applied Micro for about $190 million.
Earnings, Revenue Rise for EMC
The company also expects to post profits for the rest of the year.
Stocks Suffer Another Selloff
The Dow closes with its second-straight triple-digit loss. The Nasdaq ends lower by 2.2%.
JNI Reduces Revenue, Fires CEO
The company improperly recognized $500,000 in revenue in 2001.
Fed Inflation Gauge Eases Again In May, But Inflation Pressures Clip Consumer Spending
While overall inflation pressures are easing modestly, the impact of the fastest inflation in four decades is taking its toll on spending, BEA data indicated Thursday.
Pfizer Stock Jumps On $3.2 Billion U.S. Covid Vaccine Sale, FDA Paxlovid Approval Filing
“As the Covid pandemic continues to evolve and be highly unpredictable, we must remain vigilant in protecting those who are at greatest risk of getting very sick from Covid," said CEO Albert Bourla.
Walgreens Stock Slides After Q3 Profit Beat, $683 Million Florida Opioid Charge
"WBA delivered strong execution across operating segments and against very robust growth last year," said CEO Rosalind Brewer.
Micron Earnings Preview: Will Critical Support Hold?
Micron is set to report earnings on Thursday after the close, but the stock sits on critical support. Will it hold or will it fold?