The broad markets turned much lower to close out the week and it was especially felt in the tech sector. ARK Funds saw another incredibly bad day. ARKX performed the best out of the group, with a 2.0% loss on the day, while ARKK did the worst, down 5.5%. The gains from the past year are slowly sliding away, but […]
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Check out the companies making headlines in midday trading. Stitch Fix — Shares of the digital personal shopping company plummeted 23% after reporting disappointing guidance for the fiscal second quarter and the full year. Stitch Fix also missed estimates for its fiscal first quarter active customers. The company did, however, beat on the top and bottom lines of its quarterly results. Roku […]
Read moreS&P will jump 11% in 2022 despite omicron concerns: Market expert UBS GWM Head of America’s Equities David Lefkowitz discusses his outlook for stocks and the possibility of future gains. U.S. equity futures are trading mixed following another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to […]
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Check out the companies making headlines after the bell: Stitch Fix — Shares of the online personal shopping company tanked 19% in after hours trading after reporting weak fiscal second quarter and full-year revenue guidance. Stitch Fix also missed estimates for its fiscal first quarter active customers. The company did, however, beat on the top and bottom lines of its […]
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Check out the companies making headlines in midday trading. DocuSign — The software stock plunged 40% after the company issued fourth-quarter sales guidance that was lower than what analysts expected. DocuSign gave a range of $557 million to $563 million, while analysts surveyed by Refinitiv expected $573.8 million. Asana — Shares of the work management platform tumbled 26% despite beating expectations […]
Read moreFox Business Flash top headlines for December 8 Check out what’s clicking on FoxBusiness.com. Pfizer CEO Albert Bourla said Wednesday that the company's COVID-19 booster shot would be enough to "maintain protection" against the omicron variant. He said that three doses against omicron are almost equivalent to the two doses’ effectiveness against the original COVID-19 variant. Bourla noted that his […]
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"Today we mark a significant milestone for our transformation," Saudi Tadawul Group CEO Khalid Al Hussan told CNBC's Dan Murphy on Wednesday. Priced at 105 Riyals ($27.99) per share and oversubscribed by 121 times, the stock exchange operator opened at 115.4 riyals on Wednesday, 10% above the company's listing price. The Tadawul Group IPO, at least five years in the […]
Read moreFox Business Flash top headlines for December 6 Check out what’s clicking on FoxBusiness.com. U.S. stock futures ticked higher, pointing to gains for major indexes amid cautious hopes that the Omicron variant of Covid-19 could lead to a milder form of the disease. Futures on the S&P 500 strengthened 0.9% and futures on the Dow Jones Industrial Average rose 0.8%. […]
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FILE PHOTO: People line up at a coronavirus disease (COVID-19) mobile vaccination unit in Beijing, China, April 14, 2021. REUTERS/Thomas PeterBEIJING (Reuters) – China has vaccinated 82.5% of its population of 1.41 billion against COVID-19, a health official said on Saturday. A total of 1.162 billion have received the required number of doses to complete vaccinations, Wu Liangyou, an official […]
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