S&P Global stock slips 1.20% and outperforms rivals
Updated
Updated · MarketWatch · May 1
S&P Global stock slips 1.20% and outperforms rivals
7 articles · Updated · MarketWatch · May 1
Shares closed at $426.06 on Friday, while Moody's fell 1.32%, MSCI dropped 0.43% and Equifax edged down 0.05%.
The decline came in a mixed US market session, with the S&P 500 rising 0.29% to 7,230.12 and the Dow Jones Industrial Average falling 0.31% to 49,499.27.
It was S&P Global's fourth straight daily loss, leaving the stock 26.42% below its 52-week high of $579.05, while trading volume of 1.0 million stayed well below its 50-day average.
S&P Global's earnings are soaring while its stock is falling. Is this a rare buying opportunity fueled by its AI strategy?
As financial data giants race to deploy AI, who is positioned to dominate the industry: S&P Global, Moody's, or Equifax?