Stocks slip as September sluggishness continues: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 23 min. at publisher
  • 📊 Quality Score:
  • News: 86%
  • Publisher: 72%

Dow Jones Industrial Average News

NASDAQ Composite,S&P 500 Index,Dow Jones Fut (Mar'23)

The S&P 500 edged lower on Tuesday, along with the Nasdaq Composite, as investors scooped up tech shares following a recent dip.

Here are the stocks on the move midday: Ally Financial – Shares of the lender fell 17% after Ally CFO Russell Hutchinson said at an industry conference that credit challenges have increased during the third quarter, particularly with auto loans for retail customers. Mission Produce , Calavo Growers – Shares gained 20% after the avocado producer reported a year-over-year revenue increase of 24% for the fiscal third quarter. Mission Produce posted $324 million in sales, more than the $261.

Calavo Growers advanced around 12% after the rival producer reported adjusted earnings of 57 cents per share in its fiscal third quarter. That's more than the 43 cents per share that analysts were expecting, according to FactSet. Calavo Growers also doubled its quarterly dividend to 20 cents per share. Oracle – Shares of the database software company surged more than 11% after a fiscal first-quarter beat on the top and bottom lines. Oracle notched an adjusted $1.39 per share on $13.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 Stocks to Accumulate as Market Goes Through September WoesStocks Analysis by The Tokenist (Timothy Fries) covering: Costco Wholesale Corp, Advanced Micro Devices Inc, PEDEVCO Corp. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »