Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Quadruple witching Its quadruple witching day, which marks the simultaneous expiration of four kinds of options and futures contracts. The oddly named phenomenon happens on Wall Street four times a year and forces traders to tie up loose ends in contracts they hold. The witching hour is what traders sometimes call the final stretch of such a day, before the closing bell, and it can be a period of particularly heavy trading volume.

Wallet watch Economists anticipate that a gauge of U.S. consumer prices edged higher last month. The Labor Departments consumer price index, due out today, is projected to show a gain of 0.1 percent for August from July. Prices were unchanged in July as a big drop in gasoline and other energy prices kept inflation under control. Over the 12 months through July, overall prices were up a modest 0.8 percent.

Now hear this A developer of emergency notification software is about to make its stock market debut. Everbridge, based in Burlington, Massachusetts, makes applications used to locate and alert people through email, text messages, voice and other devices during public safety threats, severe weather and other potentially dangerous incidents. The company is expected to begin trading today on the Nasdaq under the ticker symbol EVBG.

Dont bank on it What do a jewelry retailer and a wrench maker have in common? Theyve both plunged into the banking business, and investors are starting to worry. The two companies Signet Jewelers and Snap-On make loans to customers to get them to buy their products. The strategy has lifted sales and sent their stocks soaring. Until recently, that is. Short sellers, who profit when stocks fall, point to arcana in financial statements that they claim show danger ahead. Yet even if youre unfamiliar with the numbers, you should be cautious when companies that arent banks get into lending. …

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