Dow Takes a Pre-Lunch Dive, Closes Down 40
Applied Materials Takes A Dive On News Of Cancelled Acquisition. A failed acquisition of overseas semiconductor manufacturer Tokyo Electron has upset Applied Materials shareholders (AMAT) who were counting on the deal to broaden revenues.
Freeport-McMoRan Up Big Amid Precious Metals Spike. The lagging price of precious metals has really been putting industry-leader Freeport-McMoRan (FCX) in a pinch this fiscal year. While demand has been slightly up, it's harder than ever to turn revenues to profits for the company. When precious metals prices finally rose today -- after a long plateau -- shares of the stock rose by nearly 5%. In trading today, Freeport-McMoRan gained 1 point to close at $21.82 per share.
Upcoming Apple Q1 Earnings Gives Analysts A Fuzzy Feeling, Stock Up 2%. After Apple's (AAPL) last earnings statement set a record for the company, it's hard to blame analysts for feeling optimistic about the upcoming Q1 release. Apple has been an upswing lately, as they roll out a new app store for their smartwatch hardware and continue to sell their iPhones worldwide at what is literally a record-setting pace. Apple gained another 2% in trading today, up 2.37 points to close at $132.65.
Unleaded Gasoline Futures Stabilize At $2 -- For Now. In futures trading today, the price of unleaded gasoline leveled off to $2 per gallon wholesale. That's just the latest in a series of signs that this summer might be an affordable one at the pump for consumers. The reason that gasoline continues to be so relatively cheap -- even when looking into the summer as the futures market does -- is reduced demand due to struggling European and other world economies, combined with a glut of production.
INC Research Holdings Leads The Health Services Sector In Growth Today. It's been a good year to be in business in the booming health services sector, and INC Research Holdings (INCR) has been making the most of it. Today, share prices rose by 17.25% on a much stronger than expected Q1 earnings report. The company shot up 5.20 points to close the day's trading at $35.32.
Published on Apr 27, 2015By Aaron Phillips