Closing Bell: MetLife's Plan to Cut Costs; U.S. Stocks Go Nowhere
Wall Street appeared to take pause ahead of tomorrow's jobs report. A wait-and-see approach left stocks with no incentive to swing in either direction, though the S&P 500 did eke out small gains by the end of the day. Square (SQ) - Get Report surged after reporting a narrower quarterly loss than expected. The payments company added more users to its services and had current users processing more transactions. MetLife (MET) - Get Report detailed plans to reduce expenses by 11% as a low-interest rate environment continued to pressure its investment business. Management plans to reduce annual costs by $1 billion by the end of the decade. First Solar (FSLR) - Get Report plummeted after issuing a disappointing profit outlook for the full year. The solar company also reported a sharp decline in net earnings in its recent quarter tied to restructuring costs.









