In recent months, construction equipment maker Caterpillar Inc. (NYSE: CAT) has made several announcements regarding plans for high-profile green energy projects.
Facebook, Inc (NASDAQ: FB) shares have outpaced the S&P 500 in 2021, generating a year-to-date total return of 24.5%.
Facebook is still putting up impressive growth numbers. But with a $977-billion market cap, some investors are wondering if there’s any value left in Facebook stock.
Investors who have owned stocks in the last 12 months have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return since Sept. 28, 2020, is 34.7%. But there is no question some big-name stocks performed better than others along the way.
The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 1.9% in midday trading on Tuesday. Tech stocks were hit particularly hard as investors dumped Nasdaq stocks over concerns about rising 10-Year Treasury bond yields.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened: On this day in 2008, the Federal Deposit Insurance Corporation seized control of Wachovia.
Where The Market Was: The Dow closed at 11,143.13 and the S&P 500 traded at 1,213.27.
Investors who have owned stocks in the past year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the past 12 months is 36.5%. But there is no question some big-name stocks performed better than others along the way.
The delta variant of COVID-19 has delayed the anticipated return to in-office work and business travel, and one analyst said Monday that lodging stocks may continue to underperform.
Lordstown Motors Corp (NASDAQ: RIDE) traded higher Monday despite a stock downgrade by a major Wall Street firm.
The Analyst: On Sunday, Goldman Sachs analyst Mark Delaney downgraded Lordstown from Neutral to Sell and reiterated a $5 price target.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened: On this day in 1985, Philip Morris announced a $5.75-billion buyout of General Foods.