Latest Market News
Shares of GoDaddy Inc. GDDY, +0.06% shot up 8.1% toward a near five-month high in morning trading Monday, after The Wall Street Journal reported that hedge fund Starboard Value LP has acquired a 6.5% stake in the company. The domain name registration company’s stock has run up 17.6% amid a six-day win streak, putting it […]
Shares of Alibaba Group Holding Ltd. BABA, -1.09% rose 0.8% in morning trading Monday, after China’s securities regulator’s draft rules on overseas listings released over the long weekend OK’d the listing structure known as variable-interest entity (VIE) used by the e-commerce giant to list its shares on the NYSE. Alibaba’s stock has now rallied 6.8% […]
Sorrento Therapeutics Inc. SRNE, -9.70% said Monday that “initial” laboratory testing of its Covistix COVID-19 virus rapid antigen detection test “significantly outperforms” in the detection of the omicron variant. The stock slipped 1.1% in morning trading. The company said Covistix, which is currently approved in Mexico and Brazil and is CE marked in Europe, was […]
U.S. stock benchmarks rose Monday, with gains in technology shares helping to establish an intraday record for the S&P 500, which could lead to its 69th record close of 2021. The S&P 500 index SPX, -0.13% was trading 0.5% higher at 4,748, and had hit an intraday day high at 4,750.35, marking the first intraday […]
The global tally for COVID-19 rose to 281.5 million as of Tuesday morning and the death toll climbed to 5.41 million, according to data aggregated by Johns Hopkins University. The U.S. leads the world with a total COVID-19 case count of 52.8 million and death toll of 818,371. On Monday, there were 543,415 new cases […]
U.S. stock benchmarks ended higher Monday, with the S&P 500 index closing at a fresh peak, as investors resumed trading after the Christmas holiday and kicked off the beginning of a potential Santa Claus rally. The S&P 500 SPX, +0.07% and Nasdaq Composite COMP, -0.34% each rose about 1.4% while the Dow Jones Industrial Average […]