UK markets close in 4 hours 42 minutes
  • FTSE 100

    6,924.40
    +42.81 (+0.62%)
     
  • FTSE 250

    17,057.96
    +267.56 (+1.59%)
     
  • AIM

    802.43
    +4.04 (+0.51%)
     
  • GBP/EUR

    1.1348
    +0.0023 (+0.21%)
     
  • GBP/USD

    1.1078
    -0.0046 (-0.41%)
     
  • BTC-GBP

    17,638.11
    +6.45 (+0.04%)
     
  • CMC Crypto 200

    446.57
    +0.59 (+0.13%)
     
  • S&P 500

    3,640.47
    -78.57 (-2.11%)
     
  • DOW

    29,225.61
    -458.13 (-1.54%)
     
  • CRUDE OIL

    81.54
    +0.31 (+0.38%)
     
  • GOLD FUTURES

    1,674.90
    +6.30 (+0.38%)
     
  • NIKKEI 225

    25,937.21
    -484.84 (-1.83%)
     
  • HANG SENG

    17,222.83
    +56.96 (+0.33%)
     
  • DAX

    12,062.26
    +86.71 (+0.72%)
     
  • CAC 40

    5,737.57
    +60.70 (+1.07%)
     

Why New Oriental Education & Technology Stock Jumped This Week

·2-min read

New Oriental Education & Technology (NYSE: EDU) shareholders beat a surging market this week. The Chinese education services specialist's shares rose 17% through Friday afternoon trading, according to data provided by S&P Global Market Intelligence, compared to a 4% surge in the S&P 500. New Oriental on Wednesday announced fiscal fourth-quarter results for the period that ended in late May. Sales fell sharply as the company reduced its footprint in some areas while expanding more deeply into some established markets in big Chinese cities.