Latest Stock prices News

FedEx profit falls, CEO calls the results disappointing

Mar. 19, 2019 7:54 PM EDT

MEMPHIS, Tenn. (AP) — FedEx Corp. reported lower profit Tuesday as its ground-shipping unit struggled with higher costs, and the company cut its forecast of full-year earnings. Its shares fell more than 5 percent in after-hours trading. "Our third quarter financial results were below our expectations and...

How major US stock indexes fared Tuesday

Mar. 19, 2019 5:09 PM EDT

Banks led stocks mostly lower on Wall Street Tuesday as the market gave up an early gain. Utilities and industrial companies also took losses, outweighing gains in health care, technology and consumer products stocks. Investors were looking ahead to the Federal Reserve's next interest rate policy update...

US stocks give up an early rally, ending winning streak

Mar. 19, 2019 5:04 PM EDT

U.S. stock indexes closed mostly lower Tuesday after a late-afternoon splash of selling erased early gains, ending a weeklong rally. Banks accounted for much of the decline, along with utilities and industrial companies. Those losses offset gains in health care, technology and consumer products stocks. The...

Markets Right Now: Stock give up an early rally, end lower

Mar. 19, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks gave up an early gain and ended mostly lower on Wall Street as a weeklong rally lost steam. Banks and industrial stocks weighed the most on the market Tuesday. BB&T fell 2 percent and railroad operator...

Global markets recover as focus turns towards Fed decision

Mar. 19, 2019 8:49 AM EDT

LONDON (AP) — Global stock markets recovered their poise Tuesday after a lackluster session in Asia as investors digested the latest bout of Brexit uncertainty and prepared for a key U.S. Federal Reserve meeting. In Europe, France's CAC 40 rose 0.5 percent to 5,440, while Germany's DAX climbed 1 percent to...

Asian shares mixed in muted trading ahead of US Fed meeting

Mar. 18, 2019 11:55 PM EDT

TOKYO (AP) — Asian shares were mixed in muted trading Tuesday as investors awaited the U.S. Federal Reserve meeting later in the week. Japan's benchmark Nikkei 225 lost 0.3 percent to 21,528.23 in early trading. Australia's S&P/ASX 200 edged down 0.1 percent to 6,182.10. South Korea's Kospi inched down...

Lyft opens its IPO road show, to offer more than 30M shares

Mar. 18, 2019 9:15 PM EDT

NEW YORK (AP) — Lyft officially kicked off the road show for its initial public offering, saying Monday it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 per share. That would raise more than $2 billion for the San Francisco ride-hailing company,...

How major US stock indexes fared Monday

Mar. 18, 2019 5:05 PM EDT

Stocks managed to post modest gains on Wall Street Monday after charging ahead in a solid rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 a barrel for the first time since November. Smaller company stocks fared better than the rest of the market. On...

Deutsche Bank, Commerzbank shares up despite merger concerns

Mar. 18, 2019 8:54 AM EDT

FRANKFURT, Germany (AP) — Shares in Deutsche Bank and Commerzbank rose on Monday after the two said they were in merger talks, but that didn't stop people from questioning what a merger would accomplish. Deutsche Bank, Germany's biggest bank, and Commerzbank announced Sunday they would discuss a possible...

Global shares rise as investors watch US-China trade talks

Mar. 18, 2019 8:21 AM EDT

TOKYO (AP) — European shares were mixed by midday while Asian markets closed higher on Monday as investors awaited signs the U.S. and China could be making progress in negotiations on resolving the trade war between the two biggest economies. France's CAC 40 was unchanged at 5,405. Germany's DAX slid 0.2...