What happened
Facebook (NASDAQ: FB) stock took a hit in Friday trading, falling 6.5% through 12:10 p.m. EDT, in the wake of an announcement from Verizon (NYSE: VZ) last night that it is "pausing" purchase of online ads from Facebook and its wholly owned Instagram subsidiary.
Technology stocks were falling in afternoon trading with the SPDR Technology Select Sector ETF declining 1.2% while the Philadelphia Semiconductor Index also was slipping 1.2%.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Wall Street's major indexes tumbled on Friday after a report that the U.S. intervention in Chinese interests could risk Phase 1 trade deal spooked investors already worried about a surge in coronavirus cases.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Wall Street's major indexes dropped on Friday as the United States set a new record for a one-day increase in coronavirus cases and bank stocks tumbled after the Federal Reserve decided to cap shareholder payouts.
In early trading on Friday, shares of NetApp, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. Year to date, NetApp has lost about 30.1% of its value.
Wall Street's major indexes dropped on Friday as the United States set a new record for a one-day increase in coronavirus cases and bank stocks fell following the Federal Reserve's move to cap shareholder payouts.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
(RTTNews) - Verizon joined an ongoing advertising boycott of Facebook and Instagram, that was organized against the social media giant's handling of objectionable posts as well as its moderation approach.
Snap's (NYSE: SNAP) stock rallied 60% over the past 12 months to a three-year high as the social media company shook off the bears with its consistent growth in revenue and users. However, Snap remains unprofitable, and its stock looks pricey at 16 times this year's estimated sa
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Wall Street was set to open slightly lower on Friday as bank stocks fell following the Federal Reserve's move to cap shareholder payouts and the United States set a new record for a one-day increase in coronavirus cases.
Britain, France, Italy and Spain suggested a "phased approach" to unblock global digital taxation talks in a joint letter to U.S. treasury secretary Steven Mnuchin last week, rebuffing his call for a pause in negotiations.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Futures tracking the S&P 500 were largely flat on Friday as investors digested a surprise quarterly loss for Nike and the Federal Reserve's move to limit shareholder payouts by banks amid a surge in new coronavirus cases.
The U.S. Justice Department is seeking the final documents to complete an antitrust investigation of Alphabet Inc's Google, said three sources familiar with the probe, which is expected to end with a lawsuit this summer.
Reuters
Checked
26 minutes 57 seconds ago
This feed is responsible for generating the rss feed related to the topic META