Browsing: market

Wendy’s (NASDAQ:WEN), a quick-service burger chain with mostly franchised restaurants, closed at $8.66. Shares rose 14.70% on reports that Nelson Peltz’s Trian Fund Management is preparing a take-private bid. Investors are watching whether a consortium forms and whether the bid advances. Trading volume reached 44.5M shares, coming in about 148% above its three-month average of…

Wall Street closed lower on Monday as higher oil prices fueled concerns over inflation and interest rates. Moreover, earnings results were encouraging. The Nasdaq Composite, the S&P 500 and the Dow ended in negative territory. 

Since the S&P 500 was introduced in its modern form, US equities have experienced dozens of corrections, crashes, and bear markets. Some declines lasted only a few weeks before markets rebounded, while others erased years of gains and required nearly a decade to fully recover. Yet despite the differences in their causes, severity, and duration,…