Stock Market

January’s super strong jobs report and a solid manufacturing survey on Friday showed that recession worries may be overblown and slowdown fears are not impacting corporate hiring or dampening manufacturers’ sentiment. The economy added a surprising 304,000 new jobs in January, well above the 165,000 expected by economists. Wages grew by an annual 3.2 percent,
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Check out the companies making headlines midday Friday: Papa John’s — The third-largest pizza delivery company saw its stock fall 8 percent after Reuters reported Papa John’s would not sell itself, despite offers from private equity firms. The firm’s offers reportedly did not meet Papa John’s valuation expectations. Exxon Mobil — Shares of Exxon Mobil
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Check out the companies making headlines before the bell: Johnson & Johnson – Johnson & Johnson earned an adjusted $1.97 per share for the fourth quarter, 2 cents a share above estimates. Revenue also topped forecasts, helped by stronger sales of cancer and psoriasis treatments. Travelers – The insurance company reported adjusted quarterly profit of
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Check out the companies making headlines midday Friday: Netflix — Shares of the video-streaming giant fell more than 2 percent after issuing weaker-than-expected guidance for the first quarter of 2019. The company also posted lighter-than-expected revenue for the fourth quarter of 2018. Schlumberger — Schlumberger’s stock rose more than 6 percent and was on track
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Check out the companies making headlines before the bell: JPMorgan Chase – The bank reported quarterly profit of $1.98 per share, below the consensus estimate of $2.20, with revenue essentially in line. Consumer, community, and business banking results beat forecasts, but investment bank and wealth management results did not. UnitedHealth Group – The health insurer
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After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington dysfunction and the UK’s upcoming Brexit vote. But analysts do see some potential for
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December’sstronger-than-expected jobs report shows the labor market remains solid, but does not alleviate fears that the economy is slowing down as the new year begins. The economy added 312,000 jobs in December, far more than the 177,000 that were expected and the largest increase in payrolls since February, 2018. The unemployment rate rose to 3.9
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