ServiceNow Inc. Stock Outperforms Market On Strong Trading Day

BlackRock Corporate High Yield Fund, Inc

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BlackRock Corporate High Yield Fund, Inc. (the Trust) is a diversified closed-end management investment company. Its investment objective is to provide shareholders with current income. Its secondary investment objective is to provide shareholders with capital appreciation. It seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated at the time of investment to be below investment grade or, if unrated, are considered by the investment adviser to be of comparable quality. It may invest directly in fixed income securities or synthetically through the use of derivatives. It invests approximately 80% of its net assets (including assets acquired from the sale of preferred stock), plus the amount of any borrowings for investment purposes, in high yield securities, including high yield bonds, corporate loans, convertible debt securities and preferred securities. BlackRock Advisors, LLC is the investment advisor of the Trust.

ServiceNow Inc. Stock Outperforms Market On Strong Trading Day

5:11 pm ET June 2, 2022 (MarketWatch) Print

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

Shares of ServiceNow Inc. (NOW) rose 6.24% to $504.80 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.84% to 4,176.82 and the Dow Jones Industrial Average rising 1.33% to 33,248.28. This was the stock's second consecutive day of gains. ServiceNow Inc. closed $202.80 short of its 52-week high ($707.60), which the company reached on November 4th.

The stock outperformed some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 0.79% to $274.58, Qualcomm Inc. (QCOM) rose 4.41% to $146.20, and International Business Machines Corp. (IBM) rose 0.52% to $140.15. Trading volume (2.0 M) eclipsed its 50-day average volume of 1.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 2, 2022.

(END) Dow Jones Newswires

June 02, 2022 17:11 ET (21:11 GMT)