Dow's 50-point Drop Led By Losses In Shares Of Walt Disney, Boeing

Prospect Capital Corp

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Financials : Capital Markets | Small Cap Blend

Company profile

Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle-market privately held companies. The Company's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It makes directly originated agented loans to companies, including companies which are controlled by private equity sponsors and companies that are not controlled by private equity sponsors. It also invests in senior and secured loans, syndicated loans and high yield bonds that have been sold to a club or syndicate of buyers, both in the primary and secondary markets. The Company is managed by its investment adviser, Prospect Capital Management L.P.

Dow's 50-point Drop Led By Losses In Shares Of Walt Disney, Boeing

11:58 am ET January 21, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Walt Disney and Boeing are trading lower Friday morning, sending the Dow Jones Industrial Average into negative territory. Shares of Walt Disney DIS and Boeing BA have contributed to the blue-chip gauge's intraday decline, as the Dow DJIA was most recently trading 56 points, or 0.2%, lower. Walt Disney's shares have dropped $7.19 (4.9%) while those of Boeing are off $5.65 (2.6%), combining for an approximately 85-point drag on the Dow. Also contributing significantly to the decline are Cisco CSCO, Visa V, and Merck MRK. A $1 move in any one of the 30 components of the index equates to a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 21, 2022.

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(END) Dow Jones Newswires

January 21, 2022 11:58 ET (16:58 GMT)