Among S&P 500 companies still to release their earnings on Wal Street, Progressive will report on Wednesday and ViacomCBS will report on Thursday. Financial services company Franklin Resources jumped by 6.9 percent after saying it is buying competitor Legg Mason for US$4.5 billion. The deal will create a financial company with a combined US$1.5 trillion in assets under management. Legg Mason shares vaulted by 24.4 percent.

Source: The Standard February 19, 2020 02:03 UTC