Stock Market Today, Oct. 9: PG&E Gains on Earnings Call Anticipation Before October 22 Update
PG&E (NYSE:PCG) , a California regulated utility providing electricity and natural gas service, closed at $13.13, up 3.63%. Investors are watching its upcoming earnings call and wildfire-liability commentary after a quiet session for company-specific news. Trading volume reached 47.5 million shares, coming in about 28% above its three-month average of 36.9 million shares. The S&P 500 (SNPINDEX: ^GSPC) closed at 7,811, up 0.59%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) ended at 27,366, up 0.64%. Among regulated electric and natural gas utilities, Edison International (NYSE:EIX) closed at $55.30, up 1.84%, while Duke Energy (NYSE:DUK) finished at $116.65, down 0.15%, giving PG&E a stronger day than one sector rival and a cleaner showing than another. Continue reading