Shares of Alliant Energy Corp. LNT, -3.08% slipped 3.08% to $56.33 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.31% falling 1.31% to 4,166.45 and Dow Jones Industrial Average DJIA, -1.58% falling 1.58% to 33,290.08. Alliant Energy Corp. closed $2.77 below its 52-week high ($59.10), which the company reached on June 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Duke Energy Corp. DUK, -2.74% fell 2.74% to $99.61, Xcel Energy Inc. XEL, -2.56% fell 2.56% to $66.60, and WEC Energy Group Inc. WEC, -3.19% fell 3.19% to $89.43. Trading volume (2.2 M) eclipsed its 50-day average volume of 1.4 M. Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Read Next Dow futures sink over 300 points as Fed’s Bullard estimates that initial rate increase could happen in late 2022 U.S. stock-index futures saw losses deepen Friday morning as St. Louis Federal Reserve President Jim Bullard said, during a CNBC interview, that the central bank could lift benchmark interest rates, which currently stand at a range between 0% and 0.25%, as early as late next year. Futures for the Dow Jones Industrial Average undefined were down more than 300 points, or 1%, at 33,366, those for the S&P 500 index undefined were off 0.8% at 4,180, while Nasdaq-100 futures undefined were trading 0.6% lower at 14,068.
The Dow and S&P 500 are headed for weekly declines, while the Nasdaq Composite Index was headed for a weekly gain after the Federal Reserve delivered its most recent policy update on Wednesday. Bullard’s comments mark the first from a Fed member since the conclusion of its rate-setting meeting. Bullard is not currently a member of the Federal Open Market Committee, which helps to set rates. Bullard told CNBC that he thinks “it’s natural that we’ve tilted a little more hawkish to contain inflationary pressures.”
He also said that comments from Fed Chairman Jerome Powell have opened the door to tapering the Fed’s $120 billion montly asset-purchases, which include $40 billion of mortgage-backed securities. More On MarketWatch When does the Juneteenth federal holiday go into effect in stock and bond markets? It’s complicated Dow books worst week since October on ‘quad witching’ Friday, as investors pivot with more hawkish Fed Barron’s: Get Ready for $178 Billion of Selling Ahead of the Capital-Gains Tax Hike. These Are the Stocks Most at Risk. Barron’s: Tesla Isn’t the Only Self-Driving Car Company. The Stocks to Buy—and Ones to Avoid.

By Peter

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