The Finish Line, Inc. stock price

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  • 02/23/2018 07:38:14

    Dow jumps 150 points as stock market tries to end choppy week on a high note

    The Dow Jones Industrial Average opened higher on Friday as the stock benchmarks attempted to shake off concerns about rising bond yields and inflation to finish the week on an uptrend. The Dow was up about 150 points, or 0.6%, at 25,103, while the S&P 500 index was up 0.5% at 2,717. The Nasdaq Composite Index rose 0.6% at 7,253. For the shortened-holiday week, the Dow and the S&P 500 were on pace for weekly drops of 0.2%, while the Nasdaq Composite, which booked its fourth daily decline in a row on Thursday, marking its longest skid since November of 2016, was still set for a weekly gain of about 0.3%. Looking ahead, markets were awaiting a release from a report on monetary policy at 11 a.m. Eastern from the Federal Reserve, which comes ahead of Jerome Powell's inaugural testimony before congress as Fed boss next week. In corporate news, Shares of Blue Buffalo Pet Products Inc. soared after General Mills Inc. said it planned on buying the pet-products company in an $8 billion deal. Weekly moves for equities have been market by continued volatility as investors fret about rising borrowing costs and worries that resurgent inflation may prompt the Fed to hike interest rates at a quickened pace. On Wednesday, following minutes from the central bank's policy committee gathering in January, which suggested that rate hikes were on the horizon, the yield of the benchmark 10-year Treasury note rose to a fresh four-year peak at 2.956%, prompting a selloff in stocks. However bond yields, which move in the opposite direction of prices, have since moderated. 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.

  • 02/22/2018 14:27:43

    The Nasdaq just logged its longest losing skid in more than a year

    The technology-focused Nasdaq on Thursday marked its longest stretch of closes in negative territory since November of 2016, according to FactSet data. The Nasdaq Composite Index which had been trading in the green for most of Thursday's session, finished off 0.1% at 7,210, notching its fourth straight decline. That represents the index's longest skid since the nine-session period ended Nov. 4, 2016, just before President Donald Trump was elected. The Nasdaq is often viewed as a proxy for risk appetite on Wall Street. Meanwhile, the Dow Jones Industrial Average ended the session up more than 160 points, or 0.7%, at 24,902, while the S&P 500 index ended the day up 0.1% at 2,703. All three benchmarks suffered losses on Wednesday after minutes from the Federal Reserve, which hinted at rising borrowing costs ahead in 2018, sparked a rise in the benchmark 10-year Treasury note yield to a fresh four-year peak above 2.95%. Rising yields can weigh on demand for riskier stocks, but bonds rates moderated on Thursday and the dollar also softened. Equity gauges are attempting to recover from a rout early in the month that pushed the previously highflying Dow, S&P 500 and Nasdaq in to correction territory, defined as a decline from a recent peak of at least 10%. 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.

  • 02/20/2018 14:07:26

    Walmart's stock exacts more than 70-point toll from Dow industrials in late trade

    The Dow Jones Industrial Average finished Tuesday sharply lower, weighed by a historic pullback in shares of Walmart Inc. Walmart's shares finished the session down about 10.2%, or $10.67, at $94.11, marking the retailing giant's worst daily point and percentage decline in history, according to FactSet data. That decline weighed mightily on the Dow, exacting a more than 70-point toll. A $1 swing in any one of the Dow's 30 components equating to a 6.89-point move. Walmart Inc.'s share stumble comes after its fourth-quarter adjusted earnings a share were weaker than forecast. Much of of the Dow's 254-point drop, or 1%, to 24,964 was tied to Walmart. A pair of Dow components, UnitedHealth Group Inc. and Goldman Sachs Group Inc. also delivered a downward blow to the equity gauge. The S&P 500 index retreated 0.6% to end at around 2,716, while the Nasdaq Composite Index finished near break-even at, off less than 0.1%, at 7,234.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.

  • 02/08/2018 14:24:07

    The Dow has just shed 2,800 points in 9 sessions as stock-market enters correction phase

    The Dow Jones Industrial Average finished sharply lower Thursday, shedding more than 1,000 points as selling gathered steam at the end of the day. The Dow closed down 1,032 points, or 4.2%, at 23,860, with all 30 of its components finishing firmly in negative territory, led by a sharp decline in Boeing Co. , the price-weighted benchmark's most influential component. The S&P 500 index ended 3.8% lower at 2,581. Both the S&P 500 and the Dow ended the session in correction territory, defined as a decline of at least 10% from a recent peak. Meanwhile, the Nasdaq Composite Index closed off 3.9% on the session at 6,777. Fears about inflation have fueled concerns about the outlook for the economy that is dogging both stocks and bonds alike, with the 10-year Treasury note pulling back from an early yield around 2.88%, presently yielding 2.83%. Bond prices move inversely to yields.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.

  • 02/02/2018 14:07:30

    Dow marks worst single-session point plunge--down 660 points--since 2008

    The Dow Jones Industrial Average tumbled nearly 700 points on Friday to cap an ugly week of trade after a stellar January for the blue-chip gauge. The Dow finished off about 670 points, or about 2.6%, to lose its grip at 26,000 as the broader stock market cascaded lower in the first significant sell off in recent memory. The point decline for the Dow marked its worst since December of 2008, when it tumbled 680 points. However, the percentage decline was only the worst drop since Aug. 24, when the gauge fell 3.6%. More broadly, the S&P 500 index fell 2.1% at 2,761, while the Nasdaq Composite index finished down 2% at 7,240. The move lower for the broader market capped a brutal week, relatively speaking, as investors wrestled with rising bond yields and fears that the Federal Reserve may be forced to lift interest-rates faster than the three or four rate hikes the market is expecting in 2018 due to a strong economy and job market, underlined by a better-than-expected jobs report on Friday. 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.

  • 02/01/2018 12:44:08

    Oil ends sharply higher after Goldman's upbeat market view

    Oil prices finished sharply higher Thursday after analysts at Goldman Sachs said the market has likely reached a balance between supply and demand, and that Brent crude prices are expected to top $80 a barrel later this year. U.S. government data released Wednesday showing a surprise fall in weekly domestic gasoline supplies on the heels of strong demand, also provided a boost for oil prices. March West Texas Intermediate crude rose $1.07, or 1.7%, to settle at $65.80 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.

  • 01/31/2018 12:51:33

    Oil prices settle higher as strong demand pull U.S. product-stocks lower

    Oil prices finished higher Wednesday as data from the Energy Information Administration showed strong U.S. demand for gasoline and distillates along with weekly declines in domestic supplies of the petroleum products. The EIA, however, also reported that U.S. crude supplies rose 6.8 million barrels last week--the first rise in 11 weeks. March West Texas Intermediate crude rose 23 cents, or 0.4%, to settle at $64.73 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.

  • 01/09/2018 12:52:41

    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.

  • 12/28/2017 12:34:18

    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.

  • 12/27/2017 12:39:59

    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.

  • 12/26/2017 14:09:03

    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.

  • 12/26/2017 12:38:48

    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.

  • 12/21/2017 05:24:05

    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.

  • 12/08/2017 14:08:06

    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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