Consumer stocks still were looking for direction in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 0.2% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was sinking 0.2%.
The S&P 500 and the Nasdaq crept back up to record territory on Friday after a boost from Microsoft, which overtook Apple Inc as the world's most valuable company after the iPhone maker posted downbeat quarterly revenue on hit from supply chain disruptions.
Cloudflare (NYSE: NET) is a cloud services company. Broadly speaking, its platform accelerates the performance, reliability, and security of corporate resources, including applications, networks, and devices. And as trends like digital transformation and remote work have gained t
3 Top E-Commerce Stocks To Watch Right NowE-commerce stocks appear to be in an interesting position in the stock market today, to say the least. By and large, several factors have and continue to weigh in on the sector now. This is apparent as investors consider a rather mixed ba
Global equities dipped on Friday, while the U.S. dollar gained as lower-than-expected earnings results from technology giants Amazon and Apple weighed on investors despite data showing solid growth in U.S. consumer spending.
What happened
Shares of AgEagle Aerial Systems (NYSEMKT: UAVS) jumped as much as 27% on Friday morning after the drone maker said its subsidiary had been selected, along with other vendors, to work with the Defense Department. There appears to be no new revenue coming from the se
Amazon.com Inc, an early backer of Rivian Automotive, now owns about a fifth of the electric-truck maker, the e-commerce giant disclosed in a quarterly filing on Friday.
In early trading on Friday, shares of Atlassian topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.4%. Year to date, Atlassian registers a 89.9% gain.
Web Summit, one of the largest tech conference organisers, will open its doors next week in Lisbon for its first in-person event since the pandemic struck, with the likes of Microsoft, Amazon and Apple set to speak.
What happened
Shares of Amazon (NASDAQ: AMZN) stock declined by 4% through 10 a.m. EDT Friday morning after the e-commerce giant missed expectations for sales and earnings in the third quarter -- and announced weak guidance for the fourth quarter to boot.
MAANG? MANGA? Or MAMATA? Facebook's rebranding to Meta Platforms has launched a search for a new name for the high-flying FAANG group that also includes Apple, Amazon.com, Netflix and Alphabet.
Asian shares dropped and were set to snap a three-week winning streak on Friday, with Chinese property stocks on track for their worst week in 32 months, while oil prices were also headed for their first weekly loss since August.
The Malaysian ringgit firmed to its highest in over a month on expectations the government will release an expansionary fiscal 2022 budget later on Friday, while Asian stocks were mostly weak, with Philippine shares down 1%.
The Malaysian ringgit firmed to its highest in over a month on expectations the government will release an expansionary fiscal 2022 budget later on Friday, while Asian stocks were mostly weak, with Philippine shares down 1%.
Asian shares and U.S. stock futures slipped on Friday, as Amazon and Apple quarterly earnings bucked a recent strong trend and growth and inflation fears continued to weigh.
Wall Street closed higher on Thursday, with the S&P 500 and Nasdaq boasting record closing levels thanks partly to gains in Apple and Amazon, while solid results from companies including Caterpillar and Merck helped ease concerns about slowing economic growth denting profits.
Wall Street closed higher on Thursday, with the S&P 500 and Nasdaq boasting record closing levels thanks partly to gains in Apple and Amazon, while solid results from companies including Caterpillar and Merck helped ease concerns about slowing economic growth denting profits.
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