J.B. Hunt Transport stock was down after the company reported fourth-quarter results that showed an expected improvement in shipping hasn’t arrived yet. Thursday evening, Hunt announced earnings per share of $1.
This was the stock's second consecutive day of losses.
Apple stock rises after falling Thursday by the most since August, Alphabet stock is up after the Supreme Court upholds a ban on TikTok, and Qorvo stock jumps after activist Starboard Value amasses a large stake in the chip maker.
Stock futures ticked lower on Thursday night after the Dow Jones Industrial Average and the S&P 500 ended a three-day losing streak. Futures tied to the 30-stock Dow fell 41 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures both dipped 0.1%.
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%.
Bank of America said the strength its observing in the freight market is more than just pre-shipping ahead of tariffs and the Chinese New Year.
Stock futures are mixed Thursday morning as the market takes a breather from a rally that has pushed major indexes back near record high levels.
Sources: FactSet, Dow Jones Stock Movers ... of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay ...
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People take pictures on an overpass with a display of stock information in front of buildings in the Lujiazui financial district in Shanghai, China August 6, 2024. REUTERS/Nicoco Chan/File photo ...
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U.S. equities were higher at midday Friday as positive reports on inflation raised investor optimism for more Federal Reserve rate cuts ahead.