37.28 -0.01 (-0.03%)
After hours: 4:49PM EDT
|Bid||37.21 x 400|
|Ask||37.27 x 100|
|Day's Range||36.19 - 37.49|
|52 Week Range||27.28 - 39.28|
|PE Ratio (TTM)||5.59|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Yahoo Finance's Jen Rogers and Seana Smith break eBay earnings released after the bell.
The Dow on track for a new record close, surging past the 23,000 mark as IBM lifts the Blue Chips higher.
Amazon and eBay accused of turning blind eye to VAT fraud
The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair. "Clearly at the end it had everything to do with the speculation about Jerome Powell," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. "He's viewed to be sort of an extension of (current Fed Chair) Janet Yellen by way of being a policy dove ... and, with the market loving more of the same with regard to uber-accommodative monetary policy, as more welcome than the alternative," he said.
Dow and S&P 500 move slightly deepen into record territory on 30th anniversary of the 1987 crash.
Stocks that moved substantially or traded heavily Thursday: United Continental Holdings Inc., down $8.21 to $59.78 The parent of United Airlines said that weak prices will continue the rest of this year ...
The Dow and S&P 500 turn around by the end of the session, making a remarkable recovery to end at new records with minor gains.
Shares of eBay (EBAY) were off 2.03% to $37.22 in mid-day trading Thursday after the company warned of lower-than-expected profits in the current quarter. After the market close Wednesday, the online marketplace forecasted fourth-quarter adjusted profit of between 57 cents to 59 cents per share. Analysts on average were expecting a profit of 59 cents per share, according to Thomson Reuters I/B/E/S. As James Lee, an analyst with Mizuho Securities USA put it, the lower earnings forecast is due in part to " increased investment in brand marketing in the US and international markets, which will step up mostly during the holiday quarter." Could this be the beginning of tougher times for a stock that has handily outpaced both the Nasdaq and & Standard & Poor's 500 this year?
eBay does have its set of issues, but investors will regret selling the stock if it falls too far, Jim Cramer says.
Shares of eBay Inc (NASDAQ: EBAY ) were trading lower by 4 percent Thursday morning as the company's third-quarter earnings report showed a slower than expected improvement in revenue. But in eBay's case, ...