Articles by Daniel Marsh
Dow Steady After Mild CPI; Fed Minutes, GDP, and PCE Data Ahead
The Dow Jones Industrial Average closed slightly higher Friday at 49,500.93 following a softer-than-expected inflation reading, though it posted a weekly loss of 1.2%. Attention now turns to Federal Reserve minutes and critical economic data due after the Presidents Day holiday.
Lumentum Shares Decline Following Insider Transactions, Market Eyes Fed Minutes
Lumentum Holdings shares dropped 3.55% on Friday, extending losses after hours following SEC filings revealing stock sales by two company insiders. The broader market closed mixed ahead of the Presidents Day holiday.
Exxon Mobil Faces Operational, Legal Headwinds Ahead of Market Reopen
Exxon Mobil shares fell 0.99% to $148.45 Friday, with after-hours trading up 0.3%. The company is investigating an incident at its Beaumont, Texas refinery and saw a legal ruling on a recycling lawsuit.
Western Digital Shares Dip Ahead of Key Fed Data and Inflation Report
Western Digital shares declined 0.9% to $281.58 on Friday amid light trading volume. Investors await Federal Reserve minutes and inflation data this week while monitoring company developments.
J&J Stock Dips After $250K Talc Verdict, Eyes on Appeal and Dividend
Johnson & Johnson shares declined 0.45% Friday following a $250,000 verdict in a talc litigation case. The company intends to appeal, with markets closed Monday for the holiday.
Netflix Shares Rebound Amid Escalating Warner Bros. Takeover Battle
Netflix shares recovered Friday, closing higher after recent declines as Paramount escalates its campaign against Netflix's Warner Bros. agreement through policy appointments and boardroom maneuvering.
Robinhood's January Metrics, Product Keynote to Guide Volatile Stock
Robinhood Markets shares closed sharply higher Friday but face a key test with January metrics due next week and a product keynote in March. The stock remains sensitive to retail trading and crypto volatility.
Visa Shares Slide 3% as Share Exchange Plan Tied to Swipe-Fee Litigation Unfolds
Visa Inc. shares declined 3.1% to $314.08 Friday, underperforming the broader market ahead of the Presidents Day holiday. The drop followed the company's disclosure of a board-approved share exchange plan linked to progress in long-running swipe-fee lawsuits.
Alphabet's $31.5B Bond Sale Fuels AI Spending Debate Ahead of Market Return
Alphabet Inc. has finalized a $31.51 billion multi-currency bond sale, with some notes maturing in 2126, to fund its aggressive AI infrastructure expansion. Shares of GOOG closed at $306.02, down 1.1%, ahead of Tuesday's market reopening.
Tesla Holds Steady at $417 Amid AI Volatility and Rate-Cut Speculation
Tesla shares closed nearly unchanged at $417.44 ahead of a market holiday, with investors focused on inflation data and AI-related volatility. The company moved its Full Self-Driving feature to a subscription model.