Trending Stocks, bonds and more
The stock-market selloff showed signs of easing Wednesday morning. It may be back on.
Stocks have fallen since last week’s Federal Reserve meeting, when central bankers raised their interest-rate forecasts for next year.
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Costco (COST): stock rose 1.4%,
Hayward Holdings (HAYW): shares jumped more than 8%,
Nucor (NUE): stock rose 2%
Micron Technology (MU): Chip maker is set to report quarterly earnings
Nike (NKE) and Carnival (CCL) due to report results later this week.#TrendingNow pic.twitter.com/mwqz6rCd6A— The_Journalbiz (@the_journalbiz) September 27, 2023
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Costco (COST): The bulk retailer’s stock rose 1.4%, after falling premarket. Late Tuesday, Costco reported quarterly revenue and adjusted same-store sales that missed expectations.
Hayward Holdings (HAYW): The pool-equipment manufacturer’s shares jumped more than 8%, after S&P Dow Jones Indices said the company would join the S&P SmallCap 600 index.
Nucor (NUE): The company’s stock rose 2% following the news that it would partner with Helion Energy to build a power plant to make steel with fusion. Nucor is investing $35 million in Helion, which is backed by OpenAI Chief Executive Sam Altman. Fusion technology hasn’t yet produced electricity.
Micron Technology (MU): The chip maker is set to report quarterly earnings after the market closes, as is Jefferies Financial Group (JEF).
Nike (NKE) and cruise operator Carnival (CCL) are among the companies due to report results later this week.
