Stock Market Today: Nasdaq 100 Tumbles as Oil Spikes 6%, Yields Hit 19-Year High
Crude jumped 6% and 30-year Treasury yields hit levels last seen in 2007 as a hot PPI print pushed Fed rate-hike odds toward 70% ahead of Friday's CPI.
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Baker Hughes shares are trading lower as investors process CEO comments at a conference yesterday that the company's acquisition of Chart Industries may continue to pressure cash flow and operating margins.
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Susquehanna Maintains Positive on Baker Hughes, Raises Price Target to $75
Susquehanna analyst Charles Minervino maintains Baker Hughes (NASDAQ:BKR) with a Positive and raises the price target from $72 to $75.
Baker Hughes shares are trading lower after UBS maintained its Neutral rating on the stock and lowered its price target from $71 to $70.