Earnings shrug: Shares of JPMorgan Chase JPM dropped 1 percent to $92.25 Friday despite second-quarter results that beat expectations, as investors focused on a trading slowdown.
Trading slowdown overshadows JP Morgan Chase earnings gains
July 16, 2017 at 1:50AM
Bumpy flight: Delta Air Lines dipped 2.1 percent to $54.33 Thursday after the company reported a smaller profit than analysts expected as higher salaries and fuel costs more than offset an uptick in passenger unit revenue. The stock closed Friday at $55.13.
Taking a swing: ClubCorp vaulted 30.5 percent to $17.10 Monday after private equity firm Apollo Global Management agreed to buy the golf and country club company for $17.12 a share, or $1.1 billion. ClubCorp closed Friday at $17.10. Apollo, which gained 3.1 percent to $27.15 on the news, closed Friday at $27.26.
Off the market: Abercrombie & Fitch slid 20.3 percent to $9.70 Monday after the struggling teen fashion retailer said over the weekend that it is no longer up for sale. The stock finished the week at $8.89.
Debt play: NRG Energy soared 20.4 percent to $19.63 Wednesday after the company, bowing to activist investor pressure, said it plans to raise up to $4 billion through asset sales in order to lower its debt. The stock closed Friday at $23.24.
Flying high: United Continental shares rose 4.8 percent to $80.64 Wednesday after the carrier said it expects the strong performance of the first half of the year to continue through 2017 and beyond. Shares closed the week at $79.85.
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Health care spending rose by 15%, driven by higher prices. Officials say solutions are needed to prevent Minnesotans from being priced out or delaying care they need.
