Dow closes 300 points lower after strong jobs data signals more rate hikes
Stocks fell Thursday after jobs data showed the labor market is still strong despite the Federal Reserve’s interest rate hikes to tame inflation.The Dow Jones Industrial Average fell 339.69 points, or 1.02%, to 32,930.08. It was weighed down by Walgreens, which lost 6.13% after earnings showed a $5.2 billion opioid litigation settlement drove a quarterly […]
Silvergate Capital, Walgreens, Amazon and more
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021.Andrew Kelly | ReutersCheck out the companies making headlines and moves in premarket trading.Walgreens Boots Alliance — The drugstore stock fell about 2% in premarket even after the company reported fiscal first quarter earnings that beat analyst […]
Markets Are Wrong on Fed Rate Hikes, Morgan Stanley’s Caron Says By Bloomberg
© Bloomberg. An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Andrew Harrer/Bloomberg (Bloomberg) — Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley (NYSE:) Investment Management’s Jim Caron. […]
Wynn Resorts, Microsoft, Honeywell, Salesforce and more
The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018.Pual Yeung | Bloomberg | Getty ImagesCheck out the companies making the biggest moves midday:Wynn Resorts — The casino operator’s stock jumped 6.18%, building on its solid start to 2023. […]
Tesla, Wynn, Traeger, Amazon and more
Tesla charging stations at a car showroom in the morning light. The expansion of the charging infrastructure is still not progressing as desired. Jan Woitas | Picture Alliance | Getty ImagesCheck out the companies making headlines in midday trading.Tesla – Shares of Tesla shed 12.2% after the company announced fourth-quarter vehicle deliveries that fell short of […]
Tesla, Coty, PayPal and more
A Tesla vehicle is displayed in a Manhattan dealership on January 30, 2020 in New York City.Spencer Platt | Getty ImagesCheck out the companies making the biggest moves in the premarket:Tesla — Shares fell 5% after reporting a record 40% growth in deliveries. However, the numbers missed analyst expectations. JPMorgan analyst Ryan Brinkman cut his […]
Shaw Communications, Li Auto, Southwest and others
Check out the companies making headlines before the bell:Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1% in the premarket, while Rogers gained 0.4%.Li Auto (LI) – Li Auto said it […]
Netflix, Cal-Maine Foods, Southwest and more
In this photo illustration the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Netflix — The streaming giant gained 5.1% following a double upgrade to buy from sell by CFRA. The firm […]
Tesla, Cal-Maine, Southwest and others
Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla rallied 4.4% in the premarket after posting its first rise in eight sessions Wednesday, softening the blow to its stock in what will still be the worst year ever for Tesla shares.Cal-Maine Foods (CALM) – Cal-Maine slid 4.9% in premarket trading after its […]
Tesla, Southwest, Apple, AMC and more
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks.Scott Olson | Getty ImagesCheck out the companies making headlines in midday trading.Tesla – The electric vehicle stock rose 3.3% after selling […]