![]() ![]() ( ALB): Shares fell 6% two days after the mining giant raised its offer to acquire Australian lithium miner Liontown Resources in a deal that values the company at $4.3 billion. The company converted preferred shares to common shares and conducted a reverse stock split last month.Īlbemarle Corp. ( AMC): Shares of the theater chain lost more than 30% after it announced its plan to sell up to 40 million common shares. ( ZBH), up 5% and 4%, respectively.ĪMC Entertainment Holdings Inc. It was joined by fellow medical device makers Insulet Corp. ( DXCM): Shares of the continuous glucose monitor manufacturer gained 7%, making it the S&P 500’s best-performing stock midday. Earnings per share grew 60% year-over-year to $0.53.ĭexCom Inc. ( HQY): Shares gained more than 4% after the healthcare tech company’s sales and earnings for the most recent quarter beat Wall Street’s estimates. ![]() Intel was forced to scrap its acquisition of the Israeli chipmaker in August when it failed to secure approval from Chinese regulators.Ĭhevron ( CVX) shares gained 0.1% as crude oil prices resumed their climb after dipping slightly this morning. Intel ( INTC) shares rose 0.7% a day after it announced a deal with Tower Semiconductor ( TSEM) that will see Tower invest $300 million in Intel’s New Mexico factory. ![]() ( DOW) gained 1.3%, while Walmart ( WMT) rose 0.8%. Justice Department after allegations that it failed to meet cybersecurity standards. Verizon ( VZ) shares dipped 0.4% after it agreed to pay a $4.1 million settlement to the U.S. Microsoft ( MSFT) was also included in the EU’s list of “gatekeepers,” sending its shares down 0.2%.Īircraft maker Boeing ( BA) dropped 2.1% as airlines warned that higher fuel prices would add to costs, prompting Southwest Airlines ( LUV) to narrow its unit revenue outlook for the current quarter and sending its shares lower by 2.6%. Apple was also named a “gatekeeper” subject to enhanced regulatory requirements under a new European Union law. The S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.Ĭoncerns about continued high interest rates sent the Dow Jones Industrial Average lower for the second consecutive session, with the index giving up almost 0.6%, or about 199 points.Īpple ( AAPL) shares dropped 3.6% after the Wall Street Journal reported China banned central government officials from using iPhones for work or bringing them to the office, part of its efforts to reduce reliance on foreign technology. The Dow Jones Industrial Average led markets lower, falling 0.6%. Stocks fell yesterday, pressured by the jump in oil prices and the effect it could have on consumer prices. government may have trouble controlling with strategic reserves at a 40-year low. The extension will continue to prop up oil and gas prices, upward pressure the U.S. The cuts were first implemented in July and have been extended on a monthly basis ever since. Oil futures rose more than 1.3% today to about $87.70 a barrel, a 10-month record briefly touched yesterday when Saudi Arabia, one of the world's largest producers and exporters of crude, said it was extending its voluntary production cut of 1 million barrels a day through December. ![]() The Nasdaq dropped 1.1% as tech mega caps stumbled, while the S&P 500 lost 0.7% and the Dow Jones Industrial Average fell 0.6%. stocks tumbled Wednesday as the price of oil climbed to a 10-month high, raising concerns about the impact surging energy costs could have on inflation. ![]()
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