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The Finish Line, Inc. stock price
The Finish Line, Inc. latest news:
Oil prices settle near $63, highest in three years
Oil climbed Tuesday, with futures prices settling near $63 a barrel for their highest finish since December 2014. Expectations that the Energy Information Administration on Wednesday will report an eighth straight weekly decline in U.S. crude inventories and concerns that unrest and possible sanctions will hurt Iranian crude production contributed to the price gains. February West Texas Intermediate crude rose $1.23, or 2%, to settle at $62.96 a barrel on the New York Mercantile Exchange.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Oil settles on upbeat note as investors take heart in shrinking inventories
Crude-oil prices on Thursday finished with modest gains in an up-and-down session. February West Texas Intermediate crude-oil futures finished up 20 cents, or 0.3%, at $59.84, recovering from an earlier slide, as market participants grew optimistic about inventory reports that point to a steady decline in U.S. crude stocks, which suggests that efforts to erase a global glut of oil may be taking hold headed into 2018. The U.S. Energy Information Administration reported that domestic-crude supplies fell by 4.6 million barrels for the week ended Dec. 22, compared with a 6 million barrel drawdown reported by the American Petroleum Institute late Wednesday. Markets had been anticipating a decline in crude oil of about 3.7 million barrels. Investors have traded somewhat skittishly with just one final session of trade left in 2017 and markets set to be closed for New Years on Monday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Crude-oil futures settle slightly lower, but within reach of $60/bbl.
Oil prices retreated Wednesday, finishing the session lower, a day after touching levels not seen in more than 2 years. West Texas Intermediate crude oil for February delivery closed off 33 cents, or 0.6%, at $59.64 a barrel. On Tuesday, the benchmark finished at its highest level since June of 2015 on concerns over supply disruptions in the Middle East. Market participants attributed Wednesday's slide, in low-volume trade, on some investors cashing out of futures contracts after the previous day's rise to multiyear highs. Also, reports indicated that a Tuesday pipeline blast in Libya could be repaired as soon as next week. Looking ahead, investors will be waiting for inventory data from the American Petroleum Institute due later Wednesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Stock market shakes off surging oil, retail rally to finish lower as Apple's stock weighs
The Dow Jones Industrial Average ended lower on Tuesday as a decline in Apple Inc., helped to drag the benchmark, and the broader market, lower a day after the Christmas holiday. The Dow closed off less 0.1% lower at 24,746, the S&P 500 index ended down 0.1% at 2,680, while the Nasdaq Composite Index finished off 0.3% at 6,936, as Apple's stock decline spilled over into the technology sector. Apple's shares provided the biggest downside impetus, finishing down 2.5% and cutting some 30 points from the price-weighted Dow on the back of a report of tepid iPhone X demand. Meanwhile, crude-oil prices in the U.S. ended up 2.6%, at $59.97 a barrel, briefly touching $60 and marking its highest settlement sine late June 2015. That surge in crude supported the energy sector , which posted the best daily return of the S&P 500's 11 sectors, up 0.8%. Separately, retail shares, including Kohl's Corp. and Macy's Inc. enjoyed sharp holiday gains on reports of better-than-expected Christmas sales. Still, the rally in oil and retailers wasn't enough to push the main equity benchmarks to a positive finish for the session. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. oil settles at highest level since June of 2015
Oil prices finished around a 21/2-year high Tuesday, with futures supported by pipeline disruptions in the North Sea and Libya. West Texas Intermediate crude for February delivery , the U.S. benchmark, closed up $1.50, or 2.6%, at $59.97, marking the highest settlement for crude since late June 2015, according to FactSet data. The contract briefly touched a psychologically significant level intraday at $60 a barrel. An ongoing outage of the Forties Pipeline System in the North Sea and expectations of supply losses after a blast in Libya helped to punch prices higher. However, market participants cautioned that moves are a reflection of seasonally light volumes following Christmas, and as investors observe other holidays before the end of the year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Finish Line's stock soars after results beat expectations, with same-store sales showing surprise growth
Shares of Finish Line Inc. soared 6.9% in premarket trade Thursday, after the footwear retailer reported better-than-expected fiscal third-quarter results, including a surprise increase in same-store sales. The net loss for the quarter to Nov. 25 narrowed to $12.9 million, or 32 cents a share, from $40.4 million, or $1.00 a share, in the same period a year ago. Excluding non-recurring items, the per-share loss was 26 cents, compared with the FactSet consensus for a loss of 36 cents. Revenue rose 1.8% to $378.5 million, beating the FactSet consensus of $361.0 million, as same-store sales growth of 0.8%, which was the first increase in five quarters, beat expectations of a 4.5% decline. For the fourth quarter, the company expects adjusted EPS of 50 cents to 58 cents, surrounding the FactSet consensus of 54 cents. Finish Line also expects current-quarter same-store sales to decline 3% to 5%, while the FactSet consensus is for a decline of 3.7%. The stock had tumbled 38% year to date through Wednesday, while the SPDR S&P Retail ETF had edged up 2.6% and the S&P 500 had climbed 20%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
S&P 500, Dow end at records after jobs data
Stocks ended the week on an positive note Friday, with the S&P 500 and Dow Jones Industrial Average logging record closes, while the Nasdaq Composite also advanced. The S&P 500 finished 0.6% higher at 2,651.50, according to preliminary figures, while the Dow advanced around 118 points, or 0.5%, to close around 24,329. The moves saw the S&P 500 and Dow turn positive for the week, with both gauges posting weekly advances of 0.4%. The Nasdaq Composite rose 0.4% to end near 6,840, trimming its weekly decline to 0.1%. A stronger-than-expected November jobs report helped buoy stocks in early action.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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