Tag: Stock market

Stocks ended mostly lower Friday but off session lows as investors assessed how the Federal Reserve will respond to data that showed the U.S. economy added 528,000 jobs in July, far exceeding the 258,000 expected by economists. Fed-funds futures trader…

Shares of Global Blood Therapeutics Inc. jumped 9.5% in trading on Friday after The Wall Street Journal reported that Pfizer Inc. is considering buying the company for about $5 billion. There were media reports earlier this week that Global Blood The…

Shares of Applied DNA Sciences Inc. jumped another 15.2% in morning trading Friday, to snap back from an earlier intraday loss of as much as 8.7%. The biotechnology company’s stock has now skyrocketed 873.5% amid a four-day win streak, which kicked of…

Shares of AMTD Digital Inc. slipped 1.2% in seesaw morning trading Friday, adding to the 52.4% pullback over the past two days. The Hong Kong-based digital business developer’s stock has whipped around since the opening bell, from an intraday gain of …

Shares of used-card retailer Carvana Co. were up more than 38% in Friday morning trading after flirting with what could be their best single-day percentage gain on record. Carvana’s stock was up 38.7% Friday morning and on track for its largest one-da…

Wedbush analyst Jay McCanless downgraded Zillow Group Inc.’s stock to neutral from outperform Friday, in the wake of the real-estate company’s latest earnings report that brought a lower third-quarter outlook than expected and showed the pains the co…

U.S. stocks opened lower Friday after a stronger-than-expected jobs report, as investors weigh how aggressive the Federal Reserve may need to be raising rates to cool the economy as it battles high inflation. The Dow Jones Industrial Average was tradi…

Shares of Virgin Galactic Holdings Inc. took a 17.3% dive in premarket trading Friday, after Truist analyst Michael Ciarmoli recommended investors sell in the wake of the space-tourism company’s announcement that it was again delaying its first commer…

Shares of Goodyear Tire & Rubber Co. jumped 4.9% toward a two-month high in premarket trading Friday, after the tire maker reported second-quarter profit and sales that rose above expectations. The upbeat results were a welcome relief to investors, as…

Canopy Growth Corp. shares fell 6% in premarket trades Friday after the company said it lost C$2.08 billion ($1.61 billion), or $5.23 a share in its fiscal first quarter, compared to a profit of C$392.42 million, or C$1.02 a share, in the year-ago per…

Shares of DraftKings Inc. shot up 9.4% toward a four-month high in premarket trading Friday, after the digital sports entertainment and gaming company reported a narrower-than-expected loss, revenue that rose above forecasts and lifted its full-year o…

Shares of Warner Bros. Discovery were falling more than 10% in premarket trading Friday after the media giant fell way short of revenue expectations and posted a sizable loss. Executives also offered various targets, including a goal for 130 million g…

Shares of Twitter Inc. slipped 0.4% in premarket trading Friday, after Susquehanna analyst Shyam Patil indicated he could no longer be bullish on the social media company given all the distraction. Patil cut his rating to neutral, after being positive…

AMC Networks Inc. reported Friday second-quarter profit and revenue that missed expectations, while streaming subscriber growth beat and the full-year outlook was affirmed. The TV network company, which runs the shows “Better Call Saul” and “Dark Wind…

Shares of Cinemark Holdings Inc. dropped 1.8% in premarket trading Friday, after the movie theater operator swung to a surprise loss, while revenue more than doubled to beat expectations as attendance nearly tripled. The net loss was $73.4 million, or…

Lion Electric Co. said Friday that it swung to a second-quarter profit, helped by a large one-time gain, while revenue rose 77% but was a bit shy of expectations. The maker of electric urban trucks and buses said net income for the quarter to June 30 …

The daily average for new U.S. cases may have started to decline, but not all data are being captured as many people are testing at home. The average stood at 118,380 on Thursday, according to a New York Times tracker, down 8% from two weeks ago. The a…

Shares of Chegg Inc. were moving nearly 10% higher in after-hours action Thursday after the study-tools company exceeded expectations with its second-quarter financials. The company posted net income of $7.5 million, or 6 cents a share, compared with …

Shares of Atlassian Corp. PLC were up more than 10% in after-hours trading Thursday after the software company beat revenue expectations for its most recent quarter. The company posted a fiscal fourth-quarter net loss of $105.5 million, or 41 cents a …

Virgin Galactic Holdings Inc. is seeking to sell up to $300 million worth of shares in an “at the market” offering, after the space-tourism company pushed back the launch of its first commercial space visit. In a filing with the Securities and Exchang…

Expedia Group Inc. shares were headed 6% higher in after-hours trading Thursday after the online-travel company topped expectations with its latest results amid a strong rebound in travel. The company reported a net loss of $185 million, or $1.17 a sh…

Shares of GoPro Inc. were headed slightly higher in after-hours trading Thursday after the maker of action cameras topped expectations with its second-quarter results but acknowledged that inflation and foreign exchange could weigh on performance in t…

Virgin Galactic Holdings Inc. delayed its initial launch of tourists into space for the third time in less than a year Thursday, sending shares back toward earth. In a quarterly earnings report, executives said the beginning of its commercial space-to…

Shares of Carvana Co. were rocketing 11% in after-hours trading Thursday, though the used-car retailer missed expectations with its second-quarter revenue and logged a larger loss than analysts were anticipating. Carvana recorded a net loss of $238 mi…

U.S. stocks closed mostly lower on Thursday, ahead of the release of Friday’s employment report for July, with investors hoping it will provide insights into whether America’s roaring labor market is exhibiting signs of cooling. The Dow Jones Industria…

The U.S. has declared the monkeypox outbreak a public health emergency, according to a federal health official. The Department of Health and Human Services can declare a 90-day public health emergency that allows HHS Secretary Xavier Becerra to take ad…

Senate Majority Leader Chuck Schumer said Thursday he expects the chamber will begin voting on Democrats’ $739 billion climate, healthcare and tax legislation on Saturday. Known as the Inflation Reduction Act, it was introduced last week by Schumer and…

Oil futures fell sharply Thursday, with the U.S. benchmark ending below the $90 a barrel threshold as investors worried about the risk of a global economic slowdown that could crimp demand. West Texas Intermediate crude for September delivery ended …

Gold prices finished 1.7% higher on Thursday to reclaim a footing above the key $1,800 mark, as investors focused on the chances of the U.S. economy slipping into a recession. December gold closed up 1.7% to settle at $1,806.90 an ounce on Comex, the…

Fortinet Inc. shares were on track for their worst day in nearly seven years Thursday after the cybersecurity company reported a slight beat on earnings and an unimpressive outlook. Fortinet shares dropped as much as 17% to an intraday low of $52, put…

Shares of AMTD Digital Inc. tumbled 38.1% in midday trading Thursday, and have now shed 59.4% in two days, after the recently public Hong Kong-based digital business developer made headlines with a 3,729% rocket ride amid a six-day win streak. Volume …

Shares of Applied DNA Sciences Inc. pulled back 5.1% in morning trading Thursday, after the biotechnology company announced the pricing of its “upsized” public equity offering. The stock’s decline comes after it blasted 502.9% higher over the past two…

U.S. stocks were struggling for direction Thursday morning after unemployment claims data signaled a softening labor market. The Dow Jones Industrial Average was down 0.1% soon after the opening bell, while the S&P 500 and Nasdaq Composite were flip…

Shares of Crocs Inc. were off more than 7% in premarket trading Thursday after the company, which sells shoes under the Crocs and Heydude brands, beat expectations with its second-quarter results but cut its forecast. The company reported net income o…

Shares of Nikola Corp. shot up 5.2% toward a three-month high in premarket trading Thursday, after the electric vehicle maker reported a narrower-than-expected loss and revenue that beat forecast, and reiterated its target for Tre BEV truck deliveries…

Shares of Global Blood Therapeutics Inc. were up 34.4% in premarket trading on Thursday after Bloomberg reported that the company is “attracting takeover interest,” citing people familiar with the matter. Global Blood Therapeutics markets a treatment …

Shares of Penn National Gaming Inc. slumped 1.3% in premarket trading Thursday, after the online gaming and sports betting company and Barstool Sports partner reported second-quarter profit that missed expectations but revenue that topped, as rising e…

Shares of NanoViricides Inc. jumped 41.8% in premarket trading on Thursday after the company said it began developing a monkeypox treatment. There are currently no approved or authorized therapies for monkeypox, though the Food and Drug Administration…

Fastly Inc. shares declined in the extended session Wednesday after the cloud-software company forecast a weaker-than-expected outlook and announced a new chief executive. Fastly shares declined 4% after hours, following a 7.3% rise in the regular ses…

Howard Hughes Corp. shares rallied in the extended session Wednesday after the real-estate manager reported a surprise profit. Howard Hughes shares surged more than 15% after hours, following a 1.7% rise in the regular session to close at $69.80. The …

Fortinet Inc. shares fell in the extended session Wednesday after some of the cybersecurity company’s outlook slipped below the Wall Street consensus following a slight beat. Fortinet shares dropped 11% after hours, following a 4.2% rise in the regula…

Fisker Inc. revealed Wednesday that 5,000 customers have paid $5,000 to pre-order the first electric Ocean SUVs produced by the company, and confirmed a November production launch of the vehicles. “We are delighted to announce that the 5,000 limited e…

Qorvo Inc. shares rallied in the extended session Wednesday after the semiconductor company topped Wall Street estimates for the quarter. Qorvo shares rallied more than 7% after hours, following a 3.6% gain in the regular session to close at $106.87. …

Shares of Lucid Group Inc. fell more than 10% in after-hours trading Wednesday after the electric-vehicle maker announced a reduction in its production forecast. Lucid said it now expects its 2022 production volume to hit 6,000 to 7,000 vehicles, afte…

U.S. stocks booked powerful gains Wednesday, with the Dow sweeping to its best day in a week, as investors focus on bright spots in second-quarter corporate earnings. The blue-chip Dow Jones Industrial Average powered almost 500 points higher, or 1.5%…

Senate Democrats’ Inflation Reduction Act would cut deficits by $101.5 billion between this year and 2031, the Congressional Budget Office said in an estimate on Wednesday. The nonpartisan agency also said in an analysis that the beefed-up tax enforcem…

President Joe Biden on Wednesday signed an executive order intended to help Americans who travel across state lines for abortions. It followed another order signed last month, in the wake of the Supreme Court decision striking down Roe v. Wade. “We’re …

Oil futures ended sharply lower on Wednesday after government data showed an unexpected rise in U.S. crude and gasoline inventories, wiping out early gains that came after OPEC+ delivered only a small increase in its September production target. West T…

Gold prices finished lower on Wednesday, ending the longest streak of gains for the precious metal since April, as some traders reconsidered the odds of a pivot by the Federal Reserve away from its aggressive rate-hiking stance. December gold fell $1…

Facebook parent Meta Platforms Inc. has reportedly asked banks to look into demand for a potential corporate bond sale — what would be the tech giant’s first, according to a Bloomberg News report. Per the Bloomberg report, the company has reportedly…

Murphy Oil Corp. announced Wednesday a 42.9% bump up in its quarterly dividend, to 25.0 cents a share from 17.5 cents a share. The oil and natural gas exploration and production company’s new dividend will be payable Sept. 1 to shareholders of record …

President Joe Biden will sign the $280 billion chips and science bill into law on Tuesday, and deliver remarks, the White House announced Wednesday. The bill, which was passed by both chambers of Congress last week, contains $52.7 billion for domestic…

Oil futures turned lower Wednesday after government data showed U.S. crude and gasoline inventories unexpectedly rose last week. The Energy Information Administration said U.S. crude supplies were up 4.5 million barrels in the week ended July 29, while…

U.S. factory orders rose 2% in June, the government said Wednesday, in a report that offered some good news about the economy. Economists polled by MarketWatch had forecast a 1.2% gain. Orders for durable goods made to last at least three years climbed…

Shares of Tupperware Brands Corp. rocketed 60.6% toward a three-month high in morning trading Wednesday, enough to pace all NYSE gainers, after the food storage containers maker reported a sharp drop in second-quarter profit, but beat expectations by …

Shares of Ford Motor Co. hiked up 5.9% toward a 3 1/2-month high in morning trading Wednesday, after the automaker reported a big jump in July vehicle sales in the U.S., despite an overall sales decline for the auto industry. The company said total sa…

U.S. stocks opened with gains Wednesday, attempting to bounce after back-to-back losses as investors weighed corporate earnings and the Federal Reserve’s plans for hiking interest rates in its bid to rein in inflation. The Dow Jones Industrial Average …

The Biden administration has reunited 400 children with their parents after they had been separated as migrants at the southern border under the Trump administration, according to multiple published reports. An NBC News report said more than 5,000 fami…

Shares of Nucor Corp. tacked on 0.4% in premarket trading Wednesday, after the steel maker said it would create 140 new full-time jobs, as it adds a new $100 million melt shop at its bar mill in Kingman, Arizona. The company said the new jobs will pay…

Massachusetts Governor Charlie Baker is expected to sign into law S.3096, a measure aimed at supporting the 900 people harmed by the War on Drugs that have been enrolled in the commonwealth’s social equity program as well as future members of the progr…

Shares of American Eagle Outfitters Inc. rallied 2.3% in premarket trading Wednesday, after the apparel and accessories retailer disclosed that its largest shareholder sold off more than half of its stake. The disclosure of the stake sale comes a week…

LL Flooring Inc. , the wood flooring company formerly called Lumber Liquidators, posted weaker-than-expected second-quarter earnings on Wednesday and sales that fell short of estimates, as inflation and higher interest rates crimped consumer spending. …

Shares of Applied DNA Sciences Inc. shot up 84.0% in premarket trading, after they more than quadrupled in the previous session (up 311.2%) in the wake of the biotechnology company’s announcement that it had initiated a validation of a monkeypox virus…

Shares of Southwest Gas Holdings Inc. sank 8.4% in premarket trading Wednesday, after the Nevada-based gas and electric utility determined that the best way to maximize shareholder value is not to sell the company, but to continue to execute its strat…

Shares of Alnylam Pharmaceuticals Inc. soared 57.0% in premarket trading on Wednesday after the company said its investigational RNAi therapeutic for a type of heart failure met the primary endpoint in a Phase 3 clinical trial. The randomized, double-…

Shares of Moderna Inc. gained 3.8% in premarket trading on Wednesday after the company beat earnings and revenue expectations in the second quarter of the year. Moderna had net income of $2.2 billion, or $5.24 per share, in the second quarter of the y…

The USA Today editorial board has reversed its past position on cannabis and come out in support of ending cannabis prohibition. While the newspaper flagged potential health problems caused by cannabis use, it argued that the “misguided war on drugs” c…

New York Times Co. shares jumped 2.8% in premarket trade Wednesday, after the newspaper group posted better-than-expected profit and revenue for the second quarter. The company had net income of $61.8 million, or 37 cents a share, for the quarter, up …

President Joe Biden has completed his first full day of treatment with antiviral drug Paxlovid and his symptoms due to COVID-19 “have improved,” said his physician, Dr. Kevin C. O’Connor, in a letter released Friday by the White House. Biden’s symptoms…

Scotts Miracle-Gro Co. fell 0.7% on Friday after UBS downgraded the lawn care and cannabis growing equipment company to neutral from hold and cut its price target to $92 a share from $125 a share. “We believe limited top/bottom line recovery coupled w…

Stocks opened mostly higher Friday, but saw the Nasdaq Composite dragged down by a plunge for shares of social-media platform Snap Inc. The Dow Jones Industrial Average rose 124 points, or 0.4%, to 32,160, while the S&P 500 traded near unchanged afte…

Pottery Barn announced the launch of the Accessible Home Collection on Friday, a range of home items designed with the needs of those with disabilities, injuries and older customers in mind. Items for the bathroom, dining room, office and other parts o…

Conagra Brands Inc. announced a 5.6% dividend hike on Friday. A quarterly dividend of 33 cents per share will be paid on September 1, 2022 to shareholders of record as of the close of business on August 3, 2022. Conagra stock is down 2.8% for the year…

Shares of internet companies suffered collateral damage Friday from Snap Inc.’s bombshell earnings report that led to a 30+% plunge in Snap’s stock. Shares of Alphabet Inc. sank 2.9%, Facebook parent Meta Platforms Inc. dropped 4.4% and Pinterest I…

Jefferies analyst Benjie Creelan-Sandford said Friday the confirmation from Banco Santander S.A. that it won’t continue bidding for Citigroup Inc.’s Banamex unit in Mexico should ease capital concerns. He reiterated a buy rating on the stock and said…

Schlumberger Ltd. shares jumped 2.7% in premarket trade Friday, after the French oil major posted stronger-than-expected earnings for the second quarter amid high oil prices and raised its full-year guidance. The Paris-based company posted net income …