New Oriental Education & Technology Group Inc
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Consumer Discretionary : Diversified Consumer Services |
Based in ChinaCompany profile

New Oriental Education & Technology Group Inc. is a provider of private educational services in the People's Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour. The Company offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the People's Republic of China and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

Closing Price
$108.15
Day's Change
-8.41 (-7.22%)
Bid
--
Ask
--
B/A Size
--
Day's High
121.40
Day's Low
107.86
Volume
(Heavy Day)
Volume:
2,630,715

10-day average volume:
1,047,068
2,630,715

Bank stocks rise again, with J.P. Morgan's stock headed for 8th-straight gain to record close

10:51 am ET September 13, 2019 (MarketWatch)
Print

Bank stocks rallied Friday, with the sector set to post gains every day this week, boosted by the continued rise in Treasury yields. The SPDR Financial Select Sector ETF (XLF) rose 0.7%, and has rallied 3.8% amid a 5-day win streak, and the SPDR S&P Bank ETF (KBE) climbed 0.8% and has run up 7.4% this week. Among the more active bank stocks, J.P. Morgan Chase & Co.'s (JPM) surged 1.2% toward a record high; the stock has shot up 9.9% amid an 8-day win streak. Elsewhere, shares of Bank of America Corp. (BAC) rose 1.3% toward a 5th straight gain, Citigroup Inc. (C) hiked up 1.5% and Wells Fargo & Co (WFC) advanced 0.9%. The yield on the 10-year Treasury note (http://www.marketwatch.com/story/treasury-yields-inch-higher-ahead-of-us-retail-sales-data-2019-09-13) rose 6.3 basis points toward a six-week high of 1.854% after upbeat data on retail sales. A rise in Treasury yields can help boost bank profits, as it can increase the spread what banks earn on longer-term assets that are funded with shorter-term liabilities. The financial ETF has gained 4.8% over the past three months and the S&P bank ETF has tacked on 4.0%, while the Dow Jones Industrial Average has advanced 4.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 13, 2019 10:51 ET (14:51 GMT)

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