Advertisement
Canada markets open in 6 hours 44 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7332
    +0.0009 (+0.13%)
     
  • CRUDE OIL

    84.07
    +0.50 (+0.60%)
     
  • Bitcoin CAD

    87,720.16
    +144.63 (+0.17%)
     
  • CMC Crypto 200

    1,391.58
    -4.95 (-0.35%)
     
  • GOLD FUTURES

    2,350.90
    +8.40 (+0.36%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,781.75
    +214.25 (+1.22%)
     
  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Why Shares of Royal Philips Jumped Monday

Why Shares of Royal Philips Jumped Monday

Shares of Dutch medical equipment maker Royal Philips (NYSE: PHG) rose by more than 14% in early trading Monday after the company announced first-quarter earnings. Philips' stock had been lagging because of concerns over the recall of faulty ventilators and sleep apnea masks made by its subsidiary, Philips Respironics, as well as lawsuits connected to the recalls.