THOMASVILLE, Ga. _ Flowers Foods Inc. on Monday reported fourth-quarter earnings of $13 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share. Flowers Foods expects full-year earnings in the range of 85 cents to 95 cents per share, with revenue in the range of $3.93 billion to $4.01 billion.
The company said the amount includes $5.2 million in settlement funds and $3.8 million in attorney fees.
The rally took the major averages within 2 percent of their all-time intraday highs, a stunning recovery from a plunge in stock futures overnight.
U.S. equities closed higher on Tuesday, led by utilities, as investors awaited the results of the U.S. presidential election.
Stocks kicked off the week on a high note, trading sharply higher after the FBI again cleared Hillary Clinton over her use of a private server.
Pre-game and post-game, Wall Street will be handicapping outcomes of what has been the most contentious presidential election in recent history.
Ringing today's opening bell are Flowers Foods CEO Allen Shiver, at the NYSE; and Danish Biotech Conference Ambassador Anne Dorte Riggelsen, Royal Consulate General of Denmark in New York, and Senior Life Science Advisor Megan Dow, at the Nasdaq.
Today's bell ringers are Flowers Foods CEO Allen Shiver, at the NYSE; and Danish Biotech Conference Ambassador Anne Dorte Riggelsen, Consulate General of Denmark in New York, and Senior Life Science Advisor Megan Dow, at the Nasdaq.
Several recalls were issued this week, including two recalls of children's products.
Why small-caps will be better than large-caps.
Stocks closed out the past week with losses, and look set for another week of choppiness, as oil moves closer to its 2015 lows.
Hostess was all but dead after filing for bankruptcy, but now could be worth $2 billion according to the New York Post.
With an eye on the dollar and rates, traders are watching pending home sales and weekly jobless claims data Thursday.
Stocks fell Wednesday as investors mulled the slowdown in Europe and earnings from retailers.
Some of Wednesday's midday movers:
U.S. stocks ended near highs on Tuesday, with the Dow and S&P each edging up to a record close.
Take a look at some of Tuesday's midday movers:
Although strategists say it's too early to sound the all clear for the market, it does not seem like it is poised for a big downdraft.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.