Articles by Daniel Marsh
Verizon Gains on Board Transition, Economic Data in Focus for Telecoms
Verizon shares advanced 1.3% Monday following news a director will not seek re-election, while rivals AT&T and T-Mobile edged lower. Investors await key U.S. jobs and inflation data that could impact high-dividend telecom stocks.
Dow Retreats from 50K Milestone as Investors Await Inflation, Jobs Data
The Dow Jones Industrial Average edged lower Monday after its historic close above 50,000, while the S&P 500 and Nasdaq gained on tech strength. Markets are focused on upcoming inflation and employment reports.
GE Aerospace Shares Dip on Saudi Defense Deal, Unveils $300M Singapore Expansion
GE Aerospace stock declined 0.8% following a new industrial pact with Saudi Arabia to enhance fighter engine repair capabilities. The company also detailed a $300 million investment plan in Singapore.
Uber Acquires Getir's Turkish Delivery Arm in $435 Million Expansion Push
Uber shares dipped slightly after announcing a $335 million cash deal for Getir's Turkey food delivery business, plus a $100 million stake in its broader operations, aiming to bolster its presence in a key growth market.
Johnson & Johnson Shares Retreat Amid Healthcare Sector Weakness
Johnson & Johnson stock declined 1.1% as healthcare stocks underperformed the broader market. Traders are eyeing upcoming U.S. jobs and inflation data for direction.
KLA Shares Hold Steady Near $1,440 Amid Chip Sector Recovery, Dividend Date Approaches
KLA Corp shares were nearly flat, trailing broader chip stock gains, as investors await key U.S. economic data. The company declared a $1.90 quarterly dividend payable in early March.
Costco Shares Retreat Amid Economic Data Watch, Bernstein Boosts Target
Costco stock declined in midday trading as investors awaited key U.S. economic reports, while Bernstein raised its price target on the retailer.
Caterpillar Shares Extend Rally as AI Demand Offsets Tariff Concerns
Caterpillar stock advanced 1.5% Monday, building on a 7.1% surge Friday that helped lift the Dow Jones Industrial Average above 50,000. Strong power segment sales driven by AI data center demand contrast with looming $2.6 billion in tariff costs.