ING’s Garvey says the 10-year note yield could rise above 2% this year
Shares of Walmart Inc. WMT sank 0.05% to $127.53 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.34% to 3,768.47 and Dow Jones Industrial Average DJIA falling 1.11% to 30,924.14. This was the stock’s third consecutive day of losses. Walmart Inc. closed $26.13 short of its 52-week high ($153.66), which the company achieved on December 1st.
Marks & Spencer Group PLC said Friday that M&S Bank will close its current accounts as the bank moves to focus on online and telephony servicing.
AIB Group PLC said Friday that it swung to a pretax loss for 2020 on the back of a charge on expected credit losses due to the coronavirus pandemic and one-off items, but said it expects to return to profitability this year.
Shares of eBay Inc. EBAY, -1.65% slid 4.19% to $54.60 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.53% falling 1.31% to 3,819.72 and Dow Jones Industrial Average DJIA, -0.19% falling 0.39% to 31,270.09. This was the stock’s second consecutive day of losses. eBay Inc. closed $10.25 short of its 52-week high ($64.85), which the company reached on February 4th.
Jay-Z will join the Square board upon the close of the deal
Marvell Technology Group Ltd. shares declined in the extended session Wednesday after the chip maker reported quarterly earnings that met Wall Street expectations and forecast a potentially disappointing outlook in a relatively strong season for the industry.
Oil futures climbed Thursday as traders awaited a decision from the Organization of the Petroleum Exporting Countries and its allies on whether to ease production curbs as they gauge the strength of the global economy.
Our revenue exceeded our outlook and we significantly expanded our gross and operating margins to drive strong profitability across most of our businesses,’ CEO Antonio Neri says
It’s all looking one way for commodities, Goldman Sachs analysts say in a note to clients.