A positive session to close out the week on Wall Street, with the Dow Industrials gaining 306 points today.
The Nasdaq Composite rose 129 and the S&P 500 moved up 41. But all of the indexes still finished in the red for the week.
Shares of Dillard’s slid 2.5% after the Little Rock-based department-store chain late yesterday reported a much-wider-than-expected quarterly loss and also came up a bit short in terms of revenue.
Before a giant data breach at Capital One Financial, the WSJ says employees raised concerns within the company about what they saw as high turnover in its cybersecurity unit and a failure to promptly install some software to help spot and defend against hacks. The cybersecurity unit cycled through senior leaders and staffers in recent years, with about a third of its employees leaving in 2018.
After a two-day skid, oil prices managed a very modest rebound today. September crude rose 40 cents to settle at $54.87 a barrel.