Marketwatch, trending stocks and more
Major stock indexes were mostly higher, pointing to markets stabilizing after Thursday’s selloff in the Nasdaq Composite, and to a positive finish to the week for the Dow and S&P 500.
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Marketwatch:
Tesla (TSLA): shares slipped 1%
Intuitive Surgical (ISRG): Shares fell nearly 2%
CSX (CSX): Shares were down 5%
Nikola (NKLA): stock edged up 1.2
American Express (AXP): stock was down 4.4%
Digital World Acquisition Corp. (DWAC): Shares surged 67%#StockMarket pic.twitter.com/6JWlWjF3gH— The_Journalbiz (@the_journalbiz) July 21, 2023
Factset chart
Trending stocks today are:
Tesla (TSLA): The electric-vehicle giant’s shares slipped less than 1% in morning trading after falling in the previous session. A 9.7% pullback Thursday had weighed on broad indexes.
Intuitive Surgical (ISRG): The company reported a slower-than-expected pace of installations of its main product during the quarter ending June. Shares fell nearly 2%.
CSX (CSX): Shares were recently down 5% after the railroad operator said late Thursday that both revenue and earnings per share declined.
Sirius XM (SIRI): The satellite-radio giant’s stock dropped 14%, partially reversing a 42% run-up in the previous session.
Chase (CCF): The specialty-chemicals maker said it agreed to be acquired by the private-equity giant KKR. The Wall Street Journal had earlier reported the two were nearing a deal that would value Chase at about $1.3 billion including debt.
Nikola (NKLA): The electric-truck maker’s stock edged up 1.2%. The company said earlier this week it found a buyer for its hydrogen-energy site in Phoenix.
American Express (AXP): The credit-card company reported higher earnings per share rose that were slightly ahead of Wall Street forecasts. Revenue also rose but missed analysts’ expectations. The stock was down 4.4%.
Digital World Acquisition Corp. (DWAC): The SPAC resolved a regulatory investigation that was dragging on its ability to merge with Donald Trump’s media company. Shares surged 67%.
