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A quick market recap of what happened on Friday.
NEW YORK-- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:. Wells Fargo& Co., down 93 cents at $34.25. STMicroelectronics NV, up 36 cents at $6.
NEW YORK-- Shares of J.B. Hunt Transport Services Inc. gained more than 7 percent Friday as the trucking and logistics company's third-quarter results appeared to satisfy investors.
Oct 12- J.B. Hunt Transport Services Inc:. *RBC raises J.B. Hunt Transport Services. price target to $56 from. Reuters Station users, click. 1568.
*Wells Fargo weighs on financials. The Thomson Reuters/ University of Michigan's preliminary October reading on consumer sentiment rose to 83.1, well above the 78 forecast for the index as optimism about the economy improved. Wells Fargo, the biggest U.S. home lender, dropped 2.5 percent to $34.40.
Oct 12- J.B. Hunt Transport Services Inc:. *Barclays cuts J.B Hunt Transport Services. target price to $60 from. Reuters Station users, click. 1568.
Stocks rose on Friday after a government report showed that inflation was tame in September, which will leave consumers with more money to spend if the trend holds up. The Labor Department said Friday that wholesale prices rose 1.1 percent in September. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.
Oct 12- J.B. Hunt Transport Services Inc:. *UBS raises J.B Hunt Transport Services Inc. price target to $65 from. Reuters Station users, click. 1568.
Oct 12- J.B. Hunt Transport Services Inc:. *Baird raises J.B Hunt Transport Services Inc. price target to $64. Reuters Station users, click. 1568.
Bank and energy stocks led the way lower after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. Investors haven't had much to get excited about, with mixed results this week from U.S. companies including Alcoa, Safeway and Yum Brands. The S&P 500 is up more than 11 percent since June 1.
LOWELL, Ark.-- Trucking and logistics company J.B. Hunt Transport Services Inc. said Thursday that its third-quarter profit rose almost 14 percent, as a decline in its trucking business was offset by growth in other areas. The company earned $78.2 million, or 65 cents per share, for the quarter that ended Sept. 30.
NEW YORK, Oct 11- J.B. Hunt Transport Services Inc:.
Find out which earnings reports the “Mad Money” host plans to monitor.
Get the “Mad Money” host’s earnings expectations for Alcoa, Safeway, Wells Fargo and more.
Find out what the “Mad Money” host plans to watch in the days to come.
Oct 1-:* Baird cuts Con way Inc price target to $35 from $38; rating outperform* Baird cuts Hub Group Inc price target to $34 from $36; rating neutral. *Baird cuts J.B Hunt Transport Services Inc price target to $60 from. *Baird cuts Knight Transportation Inc price target to $17 from $18;.
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