Check out the companies making the biggest moves midday: Ares Management — The private equity investment firm rose more than 6% on a better-than-expected profit for the third quarter. Ares reported after-tax realized income per share of $1.19, beating a FactSet estimate of $1.15 per share. The stock was on pace for its best day…
Stocks were brutalized Friday in a way we haven’t seen in ages. Everything except some downtrodden consumer packaged goods stocks, led by the resurgent PepsiCo , was slaughtered. The headwinds were enormous and came from disparate places. Bond yields came down huge, something that equity markets normally greet with tremendous relief and price-to-earning multiple expansion….
The stock market raced to another record high this week after the Federal Reserve cut its benchmark interest rate, but some stocks may have risen too high, too fast. The S & P 500 rose a half of 1% on both Thursday and Friday, each time closing at a new all-time high after the Fed…
Cipher Mining Inc. (CIFR) closed the most recent trading day at $7.72, moving +2.66% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.21%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 0.45%. Prior to today’s trading, shares of the company had gained 58.32% outpaced…
Check out the companies making headlines before the bell: Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and…