Waiting For Powell: Chances Of Detail On Taper Seen Less Likely Ahead Of Speech
Intrigue is growing ahead of tomorrow’s speech by Fed Chairman Jerome Powell.
10 Biggest Price Target Changes For Thursday
Keybanc raised the price target for Intuit Inc. (NASDAQ: INTU) from $475 to $625. Intuit rose 0.3% to close at $555.61 on Wednesday.
Morgan Stanley Downgrades Nordstrom to Underweight, Lowers Price Target to $27
Morgan Stanley analyst Kimberly Greenberger downgrades Nordstrom (NYSE:JWN) from Equal-Weight to Underweight and lowers the price target from $36 to $27.
54 Biggest Movers From Yesterday
Gainers
Regencell Bioscience Holdings Limited (NASDAQ: RGC) shares jumped 202.8% to settle at $46.33 on Wednesday after gaining over 11% on Tuesday. Regencell Bioscience recently reported partial exercise of underwriter’s over-allotment option.
Mid-Afternoon Market Update: Dow Rises 100 Points; ScanSource Shares Surge Following Q4 Results
Toward the end of trading Wednesday, the Dow traded up 0.30% to 35,470.78 while the NASDAQ rose 0.12% to 15,038.45. The S&P also rose, gaining 0.28% to 4,498.64.
Mid-Day Market Update: Gold Down 1%; Locust Walk Acquisition Shares Jump
Midway through trading Wednesday, the Dow traded up 0.20% to 35,435.82 while the NASDAQ rose 0.05% to 15,027.49. The S&P also rose, gaining 0.14% to 4,492.54.
What’s Up With Nordstrom’s Stock Today?
Nordstrom Inc (NYSE: JWN) is trading significantly lower Wednesday after the company announced its second-quarter financial results.
The company said that net sales increased 101% from the same period in fiscal 2020, but decreased 6% from the same period in fiscal 2019.