Wall Street rallies on hopes Fed’s rate hikes are done.
The star of our Huntsville and Alabama Stock Report on Wednesday was Toyota, which jumped on reports of its July-September profit increasing nearly threefold from a year ago.
The Japanese company with major local ties jumped $10.60 a share, or 6.1%, to close at $185.78, a little less than $10 off a 52-week high. Toyota Alabama was established in Huntsville in 2001 and started production in 2003. Over the past 20 years, the plant has had eight major investments, including six building expansions. Today, it produces approximately 3,000 engines each day for the RAV4, Corolla, Corolla Cross, Tacoma, Sequoia, Highlander, Sienna and Tundra. Toyota Alabama directly employees 2,000 and represents a $1.5 billion investment.Later this fall, Toyota Alabama will begin production on the new 2.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest ratesAsian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.
Weiterlesen »
PayPal's new CEO is speaking Wall Street's language, and the stock is rocketingAnalysts are looking past continued margin pressures at PayPal as new CEO Alex Chriss ‘has clearly listened to the various stakeholders’
Weiterlesen »
Airbnb posts $4.4 billion profit with help from tax break, revenue surgeHowever, the rental giant’s forecast of fourth-quarter revenue fell short of Wall Street expectations.
Weiterlesen »
All the market-moving chatter from Wall Street on Thursday morningA slew of analyst moves are out Thursday morning, including an upgrade to a major energy company.
Weiterlesen »
Roku shares soar 17% on third-quarter revenue beatRoku revenue grew 20% year over year in the third quarter and beat Wall Street expectations.
Weiterlesen »
Wall Street rallies on hopes the Federal Reserve’s rate hikes are doneU.S. stocks rallied after the Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy.
Weiterlesen »