21 hours ago
Stock market investors on Wednesday were spooked by the prospect of an interest rate hike by the Federal Reserve while flaring U.S.-Iran tensions propelled oil prices. GE HealthCare (GEHC) soared on the stock market today after its earnings report. Meanwhile, Meta Platforms (META) and Microsoft (MSFT) reports are on deck.
The Dow Jones Industrial Average dropped more than 800 points, or 1.6%, amid mixed reactions to earnings reports from Visa (V) and Procter & Gamble (PG). The S&P 500 flopped 0.8%. The tech-heavy Nasdaq composite fell 1.1%. The Nasdaq-100 (NDX) dropped 1% and once again stumbled into correction territory, falling 10% from its June highs. Small caps were hit as well, pulling the Russell 2000 index lower by 1.1%.
In the face of heightened hostilities between the U.S. and Iran, West Texas intermediate crude oil futures spiked more than 7%, trading around $84.90 per barrel. Brent crude futures also jumped more than 7%, trading at $88 per barrel.
Also, ahead of the Fed's announcement on the fed funds rate, the 10-year Treasury yield rose 2 basis to 4.62%. Bitcoin slid near $63,990.
GE Healthcare (GEHC) soared more than 10%, rebounding from a downward-sloping 50-day moving average. It was the best performer on the Nasdaq composite Wednesday, and was on track for its largest percentage increase on record, according to Dow Jones Markets Data.
#wednesday #gehc #average
The Dow Jones Industrial Average dropped more than 800 points, or 1.6%, amid mixed reactions to earnings reports from Visa (V) and Procter & Gamble (PG). The S&P 500 flopped 0.8%. The tech-heavy Nasdaq composite fell 1.1%. The Nasdaq-100 (NDX) dropped 1% and once again stumbled into correction territory, falling 10% from its June highs. Small caps were hit as well, pulling the Russell 2000 index lower by 1.1%.
In the face of heightened hostilities between the U.S. and Iran, West Texas intermediate crude oil futures spiked more than 7%, trading around $84.90 per barrel. Brent crude futures also jumped more than 7%, trading at $88 per barrel.
Also, ahead of the Fed's announcement on the fed funds rate, the 10-year Treasury yield rose 2 basis to 4.62%. Bitcoin slid near $63,990.
GE Healthcare (GEHC) soared more than 10%, rebounding from a downward-sloping 50-day moving average. It was the best performer on the Nasdaq composite Wednesday, and was on track for its largest percentage increase on record, according to Dow Jones Markets Data.
#wednesday #gehc #average
1 month ago
GE HealthCare Technologies Inc. (NASDAQ:GEHC) is among the Best Healthcare Stocks.
On June 23, RBC Capital started coverage of GE HealthCare Technologies Inc. (NASDAQ:GEHC) with an "Outperform" rating. The firm had an $80 price target on the shares. The ***** yst said the company gives an attractive risk-reward profile. The firm has stronger R&D spending and improved commercial execution since its 2023 separation from General Electric. It also has a solid order backlog expected to support faster growth later in 2026.
Separately, on June 9, GE HealthCare Technologies Inc. (NASDAQ:GEHC) said it will showcase its latest cloud-enabled enterprise imaging technologies at the SIIM 2026 Annual Meeting.
The corporation will showcase Genesis Radiology Workspace and InteleShare. Genesis is an approved viewer that lets doctors look at medical scans from anywhere and easily compare old and new images. InteleShare is a secure cloud system used to safely share medical images between different hospitals and clinics.
CEO of Solutions for Enterprise Imaging, GE HealthCare, Scott Miller, said connected cloud and AI-powered technologies can improve efficiency while helping providers streamline imaging workflows.
On June 23, RBC Capital started coverage of GE HealthCare Technologies Inc. (NASDAQ:GEHC) with an "Outperform" rating. The firm had an $80 price target on the shares. The ***** yst said the company gives an attractive risk-reward profile. The firm has stronger R&D spending and improved commercial execution since its 2023 separation from General Electric. It also has a solid order backlog expected to support faster growth later in 2026.
Separately, on June 9, GE HealthCare Technologies Inc. (NASDAQ:GEHC) said it will showcase its latest cloud-enabled enterprise imaging technologies at the SIIM 2026 Annual Meeting.
The corporation will showcase Genesis Radiology Workspace and InteleShare. Genesis is an approved viewer that lets doctors look at medical scans from anywhere and easily compare old and new images. InteleShare is a secure cloud system used to safely share medical images between different hospitals and clinics.
CEO of Solutions for Enterprise Imaging, GE HealthCare, Scott Miller, said connected cloud and AI-powered technologies can improve efficiency while helping providers streamline imaging workflows.
