Key Takeaways
- The Dow, S&P 500, and Nasdaq were little changed at midday Friday, June 21, 2024 as reports showed existing home sales and the Conference Board’s Leading Economic Index fell in May.
- FactSet shares surged after the financial data provider reported earnings that beat estimates and raised its outlook.
- Shares of Boeing supplier Spirit AeroSystems jumped following reports that Boeing is near a deal to buy the company.
The Dow, S&P 500, and Nasdaq were little changed at midday Friday as reports showed existing home sales and the Conference Board’s Leading Economic Index fell in May.
FactSet Research Systems ( FDS ) shares rose as the financial data provider reported better-than-anticipated earnings and lifted its outlook on higher revenues from institutional asset managers, asset owners, partners, and corporates.
Shares of Sarepta Therapeutics ( SRPT ) soared after the Food and Drug Administration (FDA) gave the biotech’s treatment for a rare muscle disease in children expanded approval . The decision also boosted shares of Catalent ( CTLT ), which has a contract with Sarepta to manufacture the drug.
Shares of Boeing ( BA ) supplier Spirit AeroSystems ( SPR ) surged following reports that Boeing is near a deal to buy the company. Boeing shares edged higher as well.
Capital One Financial ( COF ) shares lost ground after the financial firm settled a lawsuit brought by Walmart ( WMT ) over their credit card partnership. Walmart shares were higher.
Shares of American Express ( AXP ) fell as the credit card provider purchased the Tock restaurant reservation system for $400 million from Squarespace ( SQSP ). Squarespace shares advanced.
Allstate ( ALL ) shares dropped after the insurer estimated its catastrophic losses in May at $1.4 billion, nearly three times greater than in April.
Oil and gold futures slid. The yield on the 10-year Treasury note climbed. The U.S. dollar was up versus the euro, pound and yen. Most major cryptocurrencies traded in negative territory.
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