PNC’s Amanda Agati sees vulnerabilities in the market tied to Covid-19 delta cases, the end of government stimulus policies and slowing earnings growth.
Schlagwort-Archiv: Markets
Wayfair shares rise after earnings top estimates and sales stay above pre-pandemic levels
Online furniture retailer Wayfair said active customers grew to 31.1 million, a nearly 20% year-over-year increase.
Moderna says its Covid vaccine booster produced ‘robust’ immune response against delta
Moderna said its Covid-19 vaccine booster shot produced a „robust“ antibody response against the highly contagious delta variant.
Singapore’s largest bank reports 37% on-year jump in second-quarter profit, beats expectations
DBS Group Holdings‘ net profit for the April-to-June quarter jumped 37% from a year ago to 1.7 billion Singapore dollars ($1.26 billion).
Adidas raises outlook despite falling sales in China as boycott there continues
The German sportswear giant increased its outlook for the year, despite a drop in sales in Greater China.
Etsy stock plunges as weak guidance suggests pandemic e-commerce boom is stalling
Etsy shares slid in extended trading Wednesday after the company gave third-quarter guidance that suggested a sales slowdown after the pandemic e-commerce bump.
Stocks making the biggest moves premarket: GM, CVS, Kraft Heinz, Tupperware and others
These are the stocks posting the largest moves before the bell.
Robinhood halted for volatility after surging 65%, trading app up 120% this week
Cathie Wood purchased 89,622 shares of HOOD on Tuesday in ARK Fintech Innovation ETF, a position worth roughly $4.2 million.
‚Made in China‘ products are running into new logistics problems
Access to cheap manufacturing in China is becoming a disadvantage for some Chinese businesses selling overseas due to the pandemic and trade tensions.
Dow falls more than 100 points as jobs data, GM earnings disappoint
U.S. stock futures were little changed early Wednesday morning after the S&P 500 rose to another fresh record during the regular session.