Shares of Denny's Corp. undefined inched up 1% in extended trading Tuesday after the restaurant chain reported fiscal second-quarter results. Denny's reported a net loss of $828,000, or a penny a share, compared with a net loss of $22.97 million, or 41 cents a share, in the year-ago quarter. The company's adjusted net income was $11.6 million, or 18 cents a share. Revenue surged 164% to $106.2 million from $40.2 million a year ago. Analysts surveyed by FactSet had expected net income of 12 cents a share on revenue of $99.5 million. Denny's shares are down 4% so far in 2021. The broader S&P 500 index undefined has gained 18% this year.
U.S. stocks finished solidly higher Tuesday, and the S&P 500 notched another record, as investors assessed corporate earnings reports and grappled with concerns over how the global economy will withstand the delta variant of the coronavirus as well as Chinese regulatory action against technology stocks. The S&P 500 closed 36 points, or 0.8%, higher at about 4,423, besting the broad-market index's July 26th record at 4,222.30. That marked the 42nd record high of 2021 for the index. The Dow Jones Industrial Average closed nearly 280 points, or 0.8%, higher at 35,117, while the Nasdaq Composite Index finished 0.6% higher at 14,761, on a preliminary basis.
Lumen Technologies Inc. plans to sell a broad swath of its U.S. telecommunications network to Apollo Global Management Inc. for $7.5 billion including debt, officials from the companies said.
Advanced Micro Devices Inc. AMD shares closed at a fifth consecutive record high on Tuesday following a report that Nvidia Corp.’s NVDA acquisition of Arm Ltd. may get blocked by U.K. regulators. AMD shares closed up 3.6% at $112.56, for a fifth straight day of 2%-or-more gains and record high closing prices. On Tuesday, Bloomberg reported that the U.K. may block Nvidia’s $40 billion acquisition of U.K.-based Arm from Japan’s SoftBank Group Corp. JP:9984 citing national security reasons. Nvidia shares closed up 0.3% at $198.15.
See which U.S. companies are requiring workers to get vaccinated before returning to the office
The Pentagon is on lockdown Tuesday morning after multiple gunshots were fired near a platform by the building's metro station, the Associated Press reported. A Pentagon announcement said the facility is on lockdown due to "police activity," the AP said.
Three former Minneapolis police officers charged with violating George Floyd's civil rights are asking that their federal trials be separated from the trial of Derek Chauvin, who has already been convicted on state murder ...
Dow jumps 275 points on gains in IBM, Amgen Inc. stocks
U.S. Treasury prices were mixed on Tuesday, leaving the 10-year yield still close to the lowest levels since February.
|30 yr fixed Jumbo||2.97%|
|30 yr fixed||2.96%|
|15 yr fixed||2.26%|
|10 yr fixed||2.26%|
|30 yr fixed refi||2.94%|
|15 yr fixed refi||2.25%|
|5/1 ARM refi||2.72%|
|$30K Home Equity Loan||5.24%|
|$50K Home Equity Loan||3.74%|
|$75K Home Equity Loan||3.74%|
|$100K Home Equity Loan||4.12%|
|5 yr CD||0.45%|
|2 yr CD||0.33%|
|1 yr CD||0.29%|
|MMA Savings Jumbo||0.16%|