U.S. Stocks Waver After Snap Sales Warning as Bond Yields Soar

By Liz Moyer Investing.com — U.S. stocks were lower in early trading Friday, weighed by weakness in tech stocks as Treasury yields soared. At 9:38 ET (13:38 GMT), the was down 3 points, or about flat, while the was also flat and the was down 0.3%. Social media platform Snap Inc (NYSE:) tumbled 29% after … Read more

Netflix Surges on Beat, Olaplex Tumbles on Warning By Investing.com

© Reuters After-Hours Stock Movers: Olaplex Holdings, Inc. (OLPX) 38% LOWER; lowers guidance. Sees third quarter net sales of $176.5 million, versus the consensus of $208.95 million. Sees full-year net sales of $704-$711 million, versus the consensus of $815.74 million. Netflix (NASDAQ:) 14% HIGHER; reported Q3 EPS of $3.10, $0.92 better than the analyst estimate … Read more

Oil Sinks Further on China COVID Jitters, IMF Warning

By Ambar Warrick  Investing.com– Oil prices fell further on Wednesday, extending steep losses from the prior sessions amid growing concerns that a new COVID outbreak in China and a worsening global economic outlook will severely crimp demand.  dropped 0.7% $93.66 a barrel, while U.S. West Texas Intermediate futures fell 0.8% to $88.58 a barrel by 22:02 … Read more

DraftKings Up on Word of Large ESPN Deal, AMD Falls on Warning By Investing.com

© Reuters After-Hours Stock Movers: DraftKings (NASDAQ:) 6% HIGHER; ESPN and DraftKings are said to be near a new large partnership, according to reports from Bloomberg. Blue Apron Holdings Inc (NYSE:) 6% HIGHER; completed its previously announced at-the-market equity offering program under which it sold shares of its Class A common stock for aggregate gross … Read more

Shell Shares Slide After Third Quarter Profit Warning

By Scott Kanowsky  Investing.com — London-listed shares in Shell PLC (LON:) fell in mid-morning trading after the energy giant warned that lower refining margins will hit third-quarter earnings. In a trading update on Thursday, Europe’s largest oil firm said its indicative refining margin is now expected to come in at $15 per barrel during the period, … Read more

CarMax’s Huge Earnings Miss Sends Warning Signal on US Consumer

(Bloomberg) — Already shaky market sentiment took a gut punch on Thursday after used-car dealer CarMax (NYSE:) Inc’s latest quarterly results laid bare the plight of US consumers stuck between high inflation and climbing interest rates.  CarMax’s fiscal second-quarter numbers failed to meet Wall Street’s expectations on nearly every metric. The company said the ability … Read more

Bond Yields and Rate Hikes, Ford Warning, Housing Starts – What’s Moving Markets

By Geoffrey Smith  Investing.com — Bond yields rise around the world as Sweden kicks off a week of big central bank meetings with a 100 basis point interest rate hike. Ford slumps after warning of big problems with supply chains and input costs. UnitedHealth gets some important support for its Change Healthcare acquisition. U.S. Housing … Read more

Stock Market Today: Dow in Big Weekly Loss as FedEx Warning Stokes Growth Fears

By Yasin Ebrahim Investing.com — The Dow suffered a heavy weekly loss Friday, as a profit warning from FedEx triggered fresh worries about the global economy ahead of an expected Federal Reserve rate hike next week. The fell 0.4%, or 139 points, dropping more than 4% for the week. The was down 0.9% and the fell 0.7%. … Read more

S&P 500 Slips as FedEx Profit Warning Triggers Fresh Global Growth Worries

By Yasin Ebrahim Investing.com — The S&P 500 fell Friday, led by a FedEx-induced plunge in industrials after the shipments company’s profit warning triggered fresh worries about the global economy ahead of an expected Federal Reserve rate hike next week. The fell 1.1%, the fell 0.8%, or 244 points, the was down 1.4%. Industrials fell … Read more