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U.S. stocks ended sharply higher Friday, capping a volatile week that saw Big Tech shares hammered after a series of disappointing earnings reports while industrials and defensive stocks soared. The Dow Jones Industrial Average DJIA, +2.59% ended with a gain of around 828 points, or 2.6%, near 32,861, according to preliminary figures, leaving the blue-chip […]
Shares of Verizon Communications Inc. VZ, +4.12% were rallying toward their best single-day performance this year Friday, bucking what’s been a tough recent stretch for the telecommunications giant. Verizon’s stock was up 4.0% in afternoon trading Friday and on track for its largest single-day percentage gain since Dec. 16, 2021 when it rose 4.4%, according […]
Shares of XPeng Inc. XPEV, -6.39% sank 7.5% toward a record low in afternoon trading Friday, after Citi Research analyst Jeff Chung swung to bearish from bullish on the China-based electric vehicle maker, citing expectations the company’s model cycle will face “serious challenges” in 2023. The stock has dropped 16.2% this week, and has plummeted […]
Shares of Meta Platforms Inc. META, +1.29% suffered their largest weekly plunge on record this week as the company’s third-quarter earnings report met a chilly reception on Wall Street. The stock lost 23.7% over the course of the week. The prior worst weekly drop for Meta shares was a 21.4% decline sustained in the week […]
Solidus Labs, which has been monitoring 12 leading blockchains, has detected the majority of scam-like tokens originating from Binance’s BNB Smart Chain. 2636 Total views 46 Total shares The Web3 and cryptocurrency space is seeing a significant amount of smart contract scams proliferating, with blockchain risk monitoring firm Solidus Labs saying it has detected on […]
Oil futures settled lower on Friday as COVID-19 restrictions in China fed worries about energy demand, but U.S. prices still marked their first gain in three weeks. “Oil markets remain volatile as China ramps up COVID restrictions, some U.S. oil giants signal modest commitments to boost production, and the global economic outlook continues to dim,” […]