Shares of Paccar Inc. nudged higher into record territory Thursday, as Argus Research analyst Bill Selesky turned bullish on the truck maker and distributor in the wake of better-than-expected third-quarter results. The stock was up 0.2% in midday trading, and was just above the Oct. 19 record close of $91.06. Selesky raised his rating to

The Big 3 stock market indexes are all lower in midday trading, despite decidedly bullish market internals, as large-capitalization stocks were pulling back while small-caps were rallying. The number of stocks gaining ground outnumbered decliners 1,738 to 1,15 on the NYSE and 1,716 to 1,430 on the Nasdaq, according to FactSet. Meanwhile, volume in stocks

Alibaba Group Holding Ltd. announced in a Wednesday afternoon filing that it has agreed to subscribe for 730 million A shares in Ant Group Co. Ltd.’s upcoming initial public offering. With Ant initially planning to offer 1.67 billion A shares on the Shanghai Stock Exchange and 1.67 billion H shares on Hong Kong’s stock exchange,

Shares of McAfee Corp. stumbled out of the gate Thursday, as the first trade was 7.0% below the initial public offering price. The profitable security-software company’s IPO priced late Wednesday at $20 a share, which was at the lower end of the expected range of between $19 and $22. The company sold 30,982,558 shares in

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 49 billion cubic feet for the week ended Oct. 16. On average, supplies were expected to climb by 51 billion cubic feet for the week, according to analysts polled by S&P Global Platts. Total stocks now stand at 3.926 trillion

Shares of Moderna Inc. gained 3.5% in trading on Thursday after it said it has completed enrollment of 30,000 participants in the Phase 3 clinical trial for its COVID-19 vaccine candidate. The trial is being conducted in partnership with the National Institutes of Health and the Biomedical Advanced Research and Development Authority. The preclinical company

Existing-home sales increased for the fourth consecutive month in September, as the U.S. housing market benefitted from low interest rates. Total existing-home sales rose 9.4% from August to a seasonally-adjusted, annual rate of 6.54 million, the National Association of Realtors reported Thursday. Compared with a year ago, home sales were up nearly 21%. The fast

Leslie’s Inc. set terms Thursday of its initial public offering, in which the pool and spa care company could raise up to $480 million and be valued at up to $3 billion. The company said it is offering 30.0 million shares in the IPO, which is expected to price between $14 and $16 a share,

Tesla was upgraded to market outperform from market perform at JMP Securities, which has a $516 price target on the electric vehicle maker. “We do believe the outlook for margins and for cash flow generation over the next several years appears to be higher than we thought. This impacts not only our financial model, but

U.S. stock benchmarks opened moderately higher Thursday as Washington made little headway in agreeing on another round of fiscal stimulus to support the economy. The Dow Jones Industrial Average was up 13 points after the bell, near 28,224, while the S&P 500 gained 5 points, 0.2%, to trade near 3,441. The Nasdaq Composite added 46