Tag: Marketwatch

Shares of AMC Entertainment Holdings Inc. AMC, -4.01% and Bed Bath & Beyond Inc. BBBY, +21.83% climbed toward a third-straight gain in premarket trading Friday, to suggest the recent meme-stock resurgence remains intact. The stocks had snapped long win streaks earlier this week, with Bed Bath & Beyond’s 14% drop ending the longest stretch of […]

Shares of Olo Inc. OLO, -36.41% plummeted 32.3% toward a record low in premarket trading Friday, after the restaurant-ordering technology company’s disappointing second-quarter results and outlook prompted Stifel Nicolaus analyst Brad Reback to cut his rating. The company reported late Thursday a net loss per share that more than tripled to 7 cents from 2 […]

Shares of PagerDuty Inc. PD, +1.92% were falling about 1% in premarket trading Friday after Monness, Crespi, Hardt & Co. analyst Brian White downgraded the stock to neutral from buy. “The last several months have been an especially painful experience for those next-gen, software companies still young to the capital markets, and we believe the […]

Chinese officials are making plans for President Xi Jinping to visit Southeast Asia and meet face-to-face with President Joe Biden in November, according to a Wall Street Journal report citing unnamed sources. It would mark the Chinese leader’s first international trip in nearly three years and his first in-person meeting with Biden since the U.S. […]

Shares of Peloton Interactive Inc. PTON, +13.60% shot up 9.1% toward a two-month high in afternoon trading Friday, after the at-home fitness company announced price increases for its Bike+ and Tread products. Separately, Barron’s reported that Peloton was cutting nearly 800 jobs as part of a strategic overhaul. The price of the original Peloton Bike […]

Gold futures closed higher Friday, shrugging off earlier weakness, to sweep to a fourth straight week in a row of gains. Gold for December GCZ22, +0.65% GC00, +0.65% rose 0.5% on Friday, or $8.30, to settle at $1,815.50 an ounce on Comex. For the week, the most-active contract gained 1.3% to clinch its longest stretch […]

The FBI agents who searched former President Donald Trump’s Florida estate Monday removed 11 sets of classified documents, including some marked as top secret and meant to be only available in special government facilities, the Wall Street Journal reported Friday. The report also said agents took around 20 boxes of items, binders of photos, a […]

Shares of Walt Disney Co. DIS, +3.30% shot up 2.4% toward a four-month high in afternoon trading Friday, enough to pace the Dow Jones Industrial Average’s DJIA, +1.27% gainers. The rally puts the stock on track for a 13.0% weekly rise, which would be the best weekly performance since it hiked up 14.0% during the […]

U.S. stocks finished sharply higher on Friday, clinching their longest streak of weekly gains since November, as investors celebrated a spate of optimistic inflation data. The S&P 500 gained 72.88 points, or 1.7%, to 4,280.15. The Dow Jones Industrial Average gained 424.38 points, or 1.3%, to 33,761.05. The Nasdaq Composite gained 267.27 points, or 2.1%, […]

It’s been a head-scratching week in various asset classes — one that left investors and traders coming away with different conclusions about what lies ahead after data releases showed U.S. inflation easing more than forecasters expected. Some are describing the stock market as “euphoric” about the possibility that the worst of inflation is behind: Major […]