Comscore said it plans to move forward with a reverse stock split that will turn 20 current shares of Comscore common into one higher-priced share. Approved by Comscore’s board of directors earlier this month, the move is designed to put the measurement company in compliance with Nasdaq rules that listed shares be worth at least $1 each.
Stocks gave up early gains and closed lower, a downbeat end to the market’s first losing month since February. The S&P 500 ended with a loss of 0.2%, breaking a four-day winning streak. The Dow fell 168 points, or 0.5%. The Nasdaq edged up 0.1%. Treasury yields fell. The government reported that the measure of inflation that’s closely tracked by the Federal Reserve remained low last month. That’s the latest sign that price increases are cooling. Investors are hoping the Fed may be close to done raising interest rates. Discount retailer Dollar General sank 12.2% after cutting its profit forecast for the year.
A sharp drop for Wall Street capped a day of declines around the world Tuesday after discouraging data on China raised worries about the global economy. (AP Photo/Julia Nikhinson)
Wall Street rallied Tuesday after a round of reports suggested the economy is in better shape than feared. The S&P 500 rose 1.1% to resume an upward climb that had carried it earlier this month to its highest level in more than a year. The Dow Jones Industrial Average rose 212 points, or 0.6%, while the Nasdaq composite gained 1.6%. (Image: AP Photo/Julia Nikhinson)
Wall Street closed slightly higher after a report showed inflation is making strides toward easing, even if it remains too high. The S&P 500 rose 0.4% Wednesday after swinging between gains and losses through the day. The Dow ended just barely lower, while the Nasdaq composite gained ground.
Wall Street Loses Ground Again
Wall Street racked up more losses Friday, as worries mounted that the Federal Reserve and other central banks are willing to bring on a recession if that’s what it takes to crush inflation. The S&P 500 fell 1.1%, its third straight drop. The Dow Jones Industrial Average dropped 0.8% and the Nasdaq composite lost 1%. The major indexes marked their second straight weekly loss.
Exclusives
Nearly every stock in the benchmark S&P 500 rose. It’s now up 0.6% for the week and has recovered from a from a sharp sell-off on Monday. The turnaround is more pronounced within the Dow, which is now up 0.8% for the week after having been down 1.9% for the week as of Tuesday.
Stocks slumped on Wall Street Monday, mirroring losses overseas and putting the S&P 500 index on track for its biggest drop in almost a year.
It was a feeble ending to an up-and-down week of trading. The S&P 500 index lost 0.9%. The benchmark index had its second straight weekly loss. The Dow Jones Industrial Average fell 0.5% and the Nasdaq fell 0.9%.
ViacomCBS marked its first day as a merged company with a celebrity-studded appearance on the floor of the Nasdaq Market Site in New York’s Times Square and a town hall meeting overflowing with optimism. Front and center at the stock exchange were New ViacomCBS President-CEO Bob Bakish and Chairman Shari Redstone, as well as CBS News’s Gayle King.
U.S. stocks closed higher after a two-day losing streak with tech and bank stocks rallying.
Dow Falls 3.12, While Nasdaq Slides 4.15
The S&P 500 fell 6.61 points as the market takes a wait-and-see approach to earnings reports. Modest losses erased most of Tuesday’s slight gains.
Audience measurement giant comScore notified investors that its shares are at risk of being delisted from the Nasdaq stock exchange, because of the publicly traded company’s failure to report required financial data to the Securities and Exchange Commission. At least one equities firm pulled its “buy” rating following the news, and the company’s stock price fell 28% to close the day at $23.22 per share.
The outage disrupted what had otherwise been a quiet summer day on Wall Street, and sent brokers and traders scurrying to figure out what went wrong. It was the latest in a growing list of snafus to hit financial markets, though hardly as stunning as the “flash crash” that set off a sudden stock-market plunge in May 2010.
Broadcast graphics specialist Chyron reported that it has received notification of potential delisting from the Nasdaq Stock Market because it no longer complies with Nasdaq’s Minimum Bid Price Rule after the bid price of Chyron’s common stock closed below the minimum $1 per share for the 30 consecutive business days.
Dow Falls 241, Nasdaq Drops 65
Stocks fell broadly Friday on fresh signs that Europe’s debt problems and the U.S. economy continue to languish.
Volatile Day On Wall St. Ends On Upswing
A mixed bag of positive and negative economic indicators left investors struggling between buy and sell strategies. The Dow Jones industrial average rose 143 points, or 1.3%, to 11,154. It had been down as many as 45 points.
The cable networks group has completed its spin-off from cable operator Cablevision, and its stock, which many analysts recommend with “buy” ratings, has started trading on Nasdaq.
