Dick’s Sporting Goods, State Street rise; Nordstrom falls
Stocks that traded heavily or had substantial price changes Wednesday: Dick’s Sporting Goods, State Street rise; Nordstrom, Digital Realty Trust fall
Stocks that traded heavily or had substantial price changes Wednesday:
Dick’s Sporting Goods Inc., up $15.21 to $129.60.
The sporting goods chain reported a surge in revenues, a special dividend and doubled its stock buyback program.
Nordstrom Inc., down $6.67 to $31.14.
The retailer said its quarterly sales were still below the pre-pandemic 2019 period.
Toll Brothers Inc., up $2.62 to $63.66.
The homebuilder reported earnings that came in well ahead of analysts’ forecasts.
Avnet Inc., up 81 cents to $40.45.
The technology company raised its dividend by 9.1%.
State Street Corp., up $2.43 to $92.
Rising bond yields helped bank stocks because they allow banks to charge higher interest rates on loans.
Urban Outfitters Inc., down $3.87 to $36.86.
Investors were disappointed with the retailer’s outlook for its third quarter.
Microchip Technology Inc., up $3.40 to $151.45.
The company announced a 2-for-1 stock split that will take place in October.
Digital Realty Trust Inc., down $2.95 to $158.63.
Real estate investment trusts were among the sectors lagging the rest of the market.