Wells Fargo Maintains an 'Outperform' on American International Group (AIG); Raising Numbers
- Wall St opens lower as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Market Wrap: Moody's Warns of U.S. Downgrade; Facebook's Zuckerberg Emerges; Ford Preps Possible Mulally Successor
September 11, 2012 5:42 PM EDTMarket wrap-up for Seotember 11th
End of the Day: S&P 500 up 4.5 to 1,433.56; Dow Jones up 69.1 to 13,323.36; Nasdaq up 0.5 to 3,104.53
The following is a brief summary of events moving markets today:Once again, Moody's is dangling a downgrade in front of the U.S., threatening to use it if debt issues don't start shaping up. And soon.
Moody's said the U.S. would lose its top-notch rating if Congress repeals spending cuts and tax increases without large-scale deficit-reduction... More
U.S. Says AIG (AIG) "Profit" Hits $15.1B
September 11, 2012 2:50 PM EDTThe U.S. Treasury said it has made positive return $15.1 billion on AIG (NYSE: AIG) after today's stock offering.
Press Release from U.S. Treasury:
OVERALL POSITIVE RETURN ON $182 BILLION AIG COMMITMENT DURING FINANCIAL CRISIS REACHES $15.1 BILLION AFTER TREASURY ANNOUNCES $2.7 BILLION IN ADDITIONAL EXPECTED PROCEEDS FROM AIG COMMON STOCK SALE
Today, the U.S. Department of the Treasury announced that it expects to... More
Treasury Prices 553.8M Shares of AIG (AIG) at $32.50/Sh
September 11, 2012 6:46 AM EDTAmerican International Group, Inc. (NYSE: AIG) announced that the U.S. Department of the Treasury has priced an offering of approximately 553.8 million shares of its AIG common stock at the initial public offering price of $32.50 per share. Treasury has also granted a 30-day option... More