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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While most baby boomers and Gen Xers are finding ways to stay in their house as long as they can, Scott and Kate Carlson are choosing to rent in different locations for three months at a time while working remotely.
