News

Shares of Salesforce Inc. CRM, +1.85% rallied 1.6% in afternoon trading Thursday, to bounce off the previous session’s 2 1/2-year closing low, as investors cheered what the customer relationship management software company didn’t say at its investor day as much as what it did say. The stock’s rally comes amid weakness in the broader stock […]

Shares of Redfin Corp. [rdfn] tanked 6.5% toward a record-low close, as big jump in Treasury yields weighed on real estate services companies, by increasing concerns over rising mortgage rates and further weakness in the residential housing market. Redfin’s stock has tumbled TK% amid a six-day losing streak, and was headed for the lowest close […]

Shares of AMC Preferred Equity Units APE, -9.17%, known as “APEs,” tumbled 13.3% in midday trading Thursday, as the trading vehicle of AMC Entertainment Holdings Inc.’s AMC, -8.02% special dividend headed toward a fifth straight loss and new lows. The “APE” shares, a nod to investors who turned a movie theater operator into a “meme” […]

U.S. stocks opened mixed Thursday as investors weighed economic data showing initial jobless claims rose slightly. The Dow Jones Industrial Average DJIA, -0.07% was up 0.1% soon after the opening bell, while the S&P 500 SPX, -0.58% slipped less than 0.1% and the Nasdaq Composite COMP, -1.27% fell 0.2%, according to FactSet data, at last […]

Shares of Affirm Holdings Inc. AFRM, -6.17% were up more than 3% in premarket trading Thursday after the company announced that it would launch a buy-now-pay-later option on Amazon.com Inc.’s AMZN, -1.54% site in Canada. The company already has a relationship with Amazon in the U.S. Affirm noted in a Thursday press release that eligible […]

Greenback continues to gain more ground thanks to a “welcomed” mix of geopolitical instability and increasing policy lag between the Fed and other major central banks. Even though the market positioned itself for a “worst-case” meeting scenario, the Fed managed to surprise even hawks with its updated dot plot projections. They indicated sharp revisions in […]