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How major US stock indexes fared Tuesday 5/9/2023

Published Wed, 25 Dec 2024 17:04:39 GMT

Wall Street edged lower following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month. The S&P 500 fell 0.5% Tuesday, and the Dow Jones Industrial Average lost 56 points, or 0.2%. The Nasdaq fell 0.6%. The next big milestone for the market will be Wednesday’s report on inflation, which has come down but remains high. It could dictate the Federal Reserve’s next move on interest rates. Political leaders are also meeting in Washington Tuesday to try to avoid a default on the U.S. government’s debt.On Tuesday:The S&P 500 fell 18.95 points, or 0.5%, to 4,119.17.The Dow Jones Industrial Average fell 56.88 points, or 0.2%, to 33,561.81.The Nasdaq composite fell 77.36 points, or 0.6% to 12,179.55.The Russell 2000 index of smaller companies fell 4.79 points, or 0.3%, to 1,749.68.For the week:The S&P 500 is down 17.08 points, or 0.4%.The Dow is down 112.57 points, or 0.3%.The Nasdaq is down 55.86 points, or 0.5%.The Russell 2000 is ...

MacroGenics: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 17:04:39 GMT

ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — MacroGenics Inc. (MGNX) on Tuesday reported a loss of $38 million in its first quarter.On a per-share basis, the Rockville, Maryland-based company said it had a loss of 61 cents.The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.The biopharmaceutical company posted revenue of $24.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $129.7 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGNX at https://www.zacks.com/ap/MGNXSource

Similar Genomics Systems: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 17:04:39 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — Singular Genomics Systems Inc. (OMIC) on Tuesday reported a loss of $23.6 million in its first quarter.On a per-share basis, the San Diego-based company said it had a loss of 33 cents.The life science technology company posted revenue of $863,000 in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OMIC at https://www.zacks.com/ap/OMICSource

Halozyme Therapeutics: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 17:04:39 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — Halozyme Therapeutics Inc. (HALO) on Tuesday reported first-quarter profit of $39.6 million.The San Diego-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, came to 47 cents per share.The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.The biopharmaceutical company posted revenue of $162.1 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $174.2 million.Halozyme Therapeutics expects full-year earnings in the range of $2.50 to $2.65 per share, with revenue in the range of $815 million to $845 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HALO at https://www.zacks.com/ap/HALOSource

MannKind: Q1 Earnings Snapshot

Published Wed, 25 Dec 2024 17:04:39 GMT

DANBURY, Conn. (AP) — DANBURY, Conn. (AP) — MannKind Corp. (MNKD) on Tuesday reported a loss of $9.8 million in its first quarter.The Danbury, Connecticut-based company said it had a loss of 4 cents per share.The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.The biopharmaceutical company posted revenue of $40.6 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $37.4 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MNKD at https://www.zacks.com/ap/MNKDSource

Tempur Sealy, Boeing rise; Skyworks, PayPal fall

Published Wed, 25 Dec 2024 17:04:39 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:Boeing Co., up $4.62 to $201.88.Ryanair placed an order for up to 300 of the airplane maker’s 737 Max models.PayPal Holdings Inc., down $9.61 to $65.91.The digital payments company warned investors about slower margin expansion in 2023.Skyworks Solutions Inc., down $5.42 to $99.82.The chipmaker gave investors a weak profit forecast.McKesson Corp., up $20.16 to $388.72.The prescription drug distributor beat Wall Street’s fiscal fourth-quarter financial results.International Flavors & Fragrances Inc., down $6.83 to $90.31.The ingredients producer for food and cosmetics gave investors a weak revenue forecast.Tempur Sealy International Inc., up 13 cents to $37.75.The bedding provider is buying Mattress Firm for about $4 billion in cash and shares.Lucid Group Inc., down 43 cents to $7.28.The electric vehicle maker reported disappointing first-quarter financial results.Trex Co., up $4.59 to...

Burglary, auto theft investigation on South Havana

Published Wed, 25 Dec 2024 17:04:39 GMT

DENVER (KDVR) — Denver Police Department is investigating a burglary and auto theft that occurred on South Havana Street. The incident took place May 7, around 7:10 p.m. in the 2700 block of South Havana Street. Two suspects in a burglary and auto theft investigation taking place on South Havana on 5/7/2023. Photo Courtesy: Denver Police Department 5/9/2023.One of two suspects in a burglary and auto theft investigation taking place on South Havana on 5/7/2023. Photo Courtesy: Denver Police Department 5/9/2023.DPD is asking anyone with information on the suspects pictured to contact Denver Metro Crime Stoppers at 720-913-7867.

Deadly Tesla shooting may have began as a road rage

Published Wed, 25 Dec 2024 17:04:39 GMT

DENVER (KDVR) — The argument between two Tesla drivers that ended with one being shot and killed may have begun as a road rage incident.Police in Edgewater are now asking for any witnesses who may have seen a possible road rage incident between the two drivers to come forward.The deadly shooting took place at the Tesla charging station at the Edgewater Public Market, located at West 20th Avenue and Depew Street, on May 3. Investigators believe the two Tesla drivers got into an argument and one was fatally shot.    The alleged shooter drove away at first, but he later contacted police and turned himself in. So far, he has not been arrested or charged. Colorado passes property tax bill Now, police are asking anyone who witnessed any sort of road rage incident between a red Tesla and a silver Tesla, both sedans, to contact them.       Investigators believe the incident may have occurred around 9:40 a.m. on May 3 along Sherid...

'Armed and dangerous' man wanted for 1st-degree murder

Published Wed, 25 Dec 2024 17:04:39 GMT

LAKEWOOD, Colo. (KDVR) — Police are looking for a 24-year-old who allegedly shot and killed a woman in Lakewood. Patrick Placencio is wanted for the first-degree murder of a 22-year-old. The Lakewood Police Department said Placencio should be considered "armed and dangerous." Police believe deadly Tesla shooting began as a road rage According to LPD, the homicide occurred on April 30 at 2:48 a.m. in the 1200 block of South Marshall Street. The area is in the Lasley neighborhood. Police located the woman inside a home where she had died from at least one gunshot wound.Detectives have not stated what the relationship is between Placencio and the victim.According to LPD, Placencio is known to frequent the Lakewood and Denver areas. If you have any information on his whereabouts you are asked to contact Metro Denver Crime Stoppers at 720-913-7867. Tipsters can remain anonymous and still be eligible for a cash reward of up to $2,000.

Police ask for video in shooting on 16th and Wazee

Published Wed, 25 Dec 2024 17:04:39 GMT

DENVER (KDVR) — Denver Police Department is asking for the public's assistance regarding a shooting that took place at 16th Street and Wazee Street.The shooting happened around 1:51 a.m. on May 6, according to DPD.A man was injured but is expected to survive. DPD is asking anyone with information or surveillance video of the incident to contact Metro Denver Crime Stoppers at 720-913-7867. Tipsters can remain anonymous.