4 Hot Things In the Market Right Now
- Roku (ROKU) shares plunged 17% on Thursday on tepid first quarter guidance. Here's what the company's CFO just told TheStreet.
- Bullish sentiment on the markets has plummeted 17.5 points the past three weeks (lowest since mid-September), according to data tracked by Yardeni Research.
- New Dine Brands Global (DIN) CEO Steve Joyce told TheStreet's sister publication The Deal he is on the hunt for deals. Read more here.
- An earnings beat sent Chesapeake Energy (CHK) shares spiking 21%.
The Dow Jones Industrial Average finished up 164 points, or 0.66%, on Thursday, Feb. 22 after a top Federal Reserve official made some dovish comments just one day after markets fell on signals that the central bank was inching closer to more rate hikes.
Stocks rose after St. Louis Federal Reserve President James Bullard warned on Thursday that if the Fed were to raise interest rates too many times this year it could have a negative impact on the economy. "The idea that we need to go 100 basis points in 2018, that seems like a lot to me," Bullard told CNBC. "Everything would have to go just right. The economy would have to surprise on the upside a bunch of times during the year. I'm not sure that's a good way to think about 2018."
The S&P 500 climbed 0.10% and the Nasdaq declined 0.11%.
Meanwhile, energy stocks rose Thursday in conjunction with oil prices. Benchmark Brent crude prices were up 1.21% to $66.21 per barrel, while West Texas crude prices rose 1.54% to $62.63 per barrel.
British bank Barclays PLC (BCS) announced that it will more than double its dividend to 6.5 pence a share from 3 pence, bringing the dividend back to where it was two years ago before it was cut to fund a restructuring plan. The increase comes after the lender swung to a loss of $2.64 billion in 2017 after posing a profit above $3 billion the year before. Barclays shares rose 3%.