Check out the companies making headlines in midday trading. Crypto stocks – Stocks tied to crypto prices jumped amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as the first day of his new term. Shares of crypto exchange operators Coinbase and Robinhood advanced 4.5% and…
Check out the companies making headlines before the bell: J.B. Hunt Transport Services — Shares fell more than 7% after the company’s fourth-quarter earnings came in weaker than expected. J.B. Hunt earned $1.53 per share, below the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period came in line with expectations at…
Check out the companies making headlines in extended trading. Spotify Technology – Shares of the music-streaming service jumped about 8%. Total monthly active users for the third quarter came in at 640 million, reflecting an 11% jump from a year earlier and beating FactSet consensus estimates of 639.0 million. Still, Spotify fell short of the…
Here are five key things investors need to know to start the trading day: 1. Postelection gains Stock futures slipped Friday as the major indexes look to close out a week of postelection gains. So far this week, the Dow Jones Industrial Average has advanced 4%, the S&P 500 has added 4.2% and the Nasdaq…
My top 10 things to watch Friday, Nov. 8 1. The Wall Street rally on Donald Trump’s election victory was taking a breather Friday morning. The S & P 500 and Dow Jones Industrial Average , on pace for their best weeks in a year, were poised for muted opens. The Nasdaq was set to…
Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing on both top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92…
Expectations fall towards a January rate cut With Treasury yields rising on the back of a Trump election victory, expectations have fallen as to how aggressive the Federal Reserve will be in cutting interest rates this winter. The fed funds rate, which determines what banks charge each other for overnight lending, currently ranges between a…
My top 10 things to watch Tuesday, Oct. 15 1. Wall Street was muted Tuesday after more record closes for the S & P 500 and the Dow . The Nasdaq on Monday closed within 1% of its July record. Bank earnings continued to flood the market. Oil, both U.S. and international prices, were sinking…
My top 10 things to watch Friday, Oct. 4 1. Stocks jumped after a much stronger-than-expected September jobs report. Bond yields also rose in response, with the 10-year reaching its highest levels since early August. The early stock gains, if they hold, would cut into weekly losses. The Nasdaq has been the biggest loser through…
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent…