Key Takeaways
- U.S. equities closed mixed on Sept. 13, 2023, with the S&P 500 Index rising 0.1% after the Labor Department reported slightly higher-than-expected core inflation.
- J.B. Hunt shares gained as the company president gave an optimistic outlook for the freight shipping industry.
- Shares of 3M slumped after the multinational manufacturing firm warned about growth in 2024.
U.S. equities were mixed, with the S&P 500 up 0.1%, after the Labor Department reported core consumer inflation was higher than estimates, although likely not high enough to prompt the Federal Reserve to raise interest rates at its meeting next week.
Shares of trucking company J.B. Hunt Transport Services (JBHT) jumped 4% after President Shelley Simpson said the ind🌌ustry was coming out of a “freight recession.🔜”
Moderna (MRNA) shares rose 3% after the vaccine maker reported its new flu shot reached key endpoints in a Phase 3 trial. WestRock (WRK) shares climbed 2%, up for a second-straight session following Irish rival Smurfit Kappa’s $11 billion acquisition of the paper and packaging firm.
Citigroup (C) shares added 1.7% when the bank announced an operational and management shakeup. Ford (F) shares advanced 1.5% after the automaker said it was significantly increasing production of its hybrid F-150 pickup as electric vehicle (EV) sales struggled.
3M (MMM) 🦋shares slumped 5.7% as the conglomerate warned abou𒈔t a “slow growth environment” for next year.
American Airlines (AAL) shares fell 5.7%, and Spirit Airlines (SAVE) shares lost more than 6%, after both carriers cut their current quarter ou🐼tlooks because of higher costs.
Netflix (NFLX) shares dipped 5% as the streaming giant’s CFO noted the Hollywood strikes are hurting business and gave lower-than-expected 澳洲幸运5官方开奖结果体彩网:operating margin guidance.
T. Rowe Price Group (TROW) shares declined 1% as the financial firm reported its investments under management fell more than 2% in August.