Dow Inc.’s stock shed early gains to trade down 6% Thursday, after the material-sciences company latest earnings miss and news it’s cutting 1,500 jobs as part of a cost-reduction program aiming to save $1 billion in savings.
T he Dow Jones Industrial Average and the other major indexes temporarily crumbled in the final minutes of trading after President Donald Trump reiterated threats to impose tariff
Stock futures are mixed Thursday morning as investors react to a barrage of earnings reports from major companies and important economic indicators.
Midland-based Dow is eliminating 1,500 jobs around the world as part of a plan to cut $1 billion worth of spending.
SP500 gains ground despite the weaker-than-expected GDP Growth Rate report. The report showed that GDP Growth Rate declined from 3.1% to 2.3%, compared to analyst consensus of 2.6%. Initial Jobless Claims report showed that 207,
S&P 500 futures rise as Meta and Tesla gain, but Microsoft and Caterpillar drag the Dow. US stock market reacts to earnings, GDP data, and Fed outlook.
Buffer ETFs, also known as defined-outcome ETFs, use options contracts to limit losses while capping upside potential for the indexes they track. This type of fund has become particularly popular since 2022, when the Federal Reserve hiked interest rates to combat inflation, sending the stock market into a tailspin.
IBM's stock is up 12.5% in afternoon action. That puts it on track for its largest one-day gain since it rose 13% on July 20, 2000. See more: Amid threats of DeepSeek disruption, IBM sees benefits from more efficient AI and deregulation
Tap & Pay at the pump expands BJ's contactless payment options. BJ's already accepts Tap & Pay inside its 249 clubs. BJ's ExpressPay also allows members to speed checkout by scanning items as they shop and pay through the BJ's mobile app.
IBM is getting a big AI boost, as investors welcome the company's latest quarterly results. In recent trading, shares stood more than 13% higher at nearly $260. That put the stock on course for the highest close on record,
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September
The Dow Jones fell Wednesday ahead of the Fed interest rate decision and Fed Chair Powell's comments. Meta and Tesla earnings are next.