Align Tech’s stock surges 30% to lead S&P 500 as Invisalign sales resume growth
The third-worst S&P 500 stock of 2022 is the second-best of 2023 so far, having doubled its price from a 52-week low hit in November
The third-worst S&P 500 stock of 2022 is the second-best of 2023 so far, having doubled its price from a 52-week low hit in November
Stock pares back losses despite wide miss on revenue
Forecast for first-quarter sales relieves some concerns about the online-ads business, company plans to increase share repurchases while laying off workers and cutting other costs
Shares of Home Depot Inc. HD, +1.21% rose 1.21% to $328.09 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.05% rising 1.05% to 4,119.21 and the Dow Jones Industrial Average DJIA, +0.02% rising 0.02% to 34,092.96. This was the stock’s second consecutive day of gains. Home Depot Inc. closed $46.58 short of its 52-week high ($374.67), which the company reached on February 2nd.
Stocks gain in Tokyo, Hong Kong, Shanghai
Bitcoin jumped 3% after the Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage point, but signaled that only “a couple more” rate increases may be needed before the central bank takes a pause on its fight against inflation.
McDonald’s Corp.’s fourth-quarter results beat analysts’ top and bottom line expectations Tuesday, although the restaurant chain’s stock fell before market open.
Preview: Holiday earnings will have to greatly exceed expectations for Amazon to reach an annual profit for the year
Shares of International Flavors & Fragrances Inc. IFF, +1.11% rose 1.11% to $112.46 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.46% rising 1.46% to 4,076.60 and the Dow Jones Industrial Average DJIA, +1.09% rising 1.09% to 34,086.04. International Flavors & Fragrances Inc. closed $30.68 below its 52-week high ($143.14), which the company achieved on February 10th.
Shares of Silvergate Capital Corp. on Tuesday climbed after BlackRock Inc. disclosed a 7.2% stake in the bank.