At the close of the New York Stock Exchange, the Dow Jones fell 0.43% to hit a 52-week low, the S&P 500 index fell 0.21%, and the NASDAQ Composite index rose 0.25%. The leading performer among the Dow Jones index components today was Salesforce Inc, which gained 2.57 points or 1.76% to close at 148.89. Quotes Dow Inc rose by 0.40 points (0.92%), ending trading at 43.79. Home Depot Inc rose 0.79% or 2.11 points to close at 268.69. The losers were shares of McDonald''s Corporation, which lost 7.06 points or 2.90% to end the session at 236.70. Procter & Gamble Company was up 2.75% or 3.73 points to close at 131.98 while Coca-Cola Co was down 2.57% or 1.49 points to close at mark 56.38. Leading gainers among the S&P 500 index components in today''s trading were CF Industries Holdings Inc, which rose 6.10% to hit 95.87, Mosaic Company, which gained 4.15% to close at 48.44, and also shares of Royal Caribbean Cruises Ltd, which rose 3.88% to end the session at 45.75. The biggest losers were Digital Realty Trust Inc, which shed 3.98% to close at 97.73.
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The S&P 500 notched a new closing low for 2022 as interest rates surged and turmoil rocked global currencies. The Dow Jones Industrials kept on their negative trend, losing 327.76 points to 29,262.65. The S&P 500 fell 38.19 points, or 1% to 3,655.04. The NASDAQ Composite plummeted 65 points Match Group, the parent company of some of the world’s best-known online dating platforms, is trading at its lowest level since the company went public in 2015. The company behind services such as Tinder, Hinge, OkCupid and Match.com first went public via an initial public offering. It now trades as part of the NASDAQ under the ticker MTCH. Match Group was trading down about 1.2% Monday at $46.75. Shares traded as low as $46.19 — marking its lowest valuation since becoming a publicly traded company. Pharmaceutical company Organon is similarly trading at its lowest since it spun off from Merck in June 2021. The two companies are among the more than 100 stocks in the S&P 500 trading down to levels not seen in a year or longer.
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The shares of Organon & Co. (OGN) traded higher in the morning hours Tuesday after Piper Sandler upgraded the Merck (MRK) spinoff, citing less than expected sales decline in the…
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Despite reporting better than expected financials for 2Q 2022, Organon (OGN), Merck’s (MRK) spinoff focused on women’s health and biosimilars, narrowed the range of 2022 revenue…
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