Wall Street stock indexes slipped in morning trading after Thursday’s technology-driven rout. Here’s what we’re watching in Thursday’s session:
- Course correction:
Bed Bath & Beyond
shares jumped higher, a sharp reversal from premarket losses that came after it reported lower sales and a quarterly loss. Investors are digesting how the company’s recent performance was tracking to already-reduced expectations based on trends from the summer.
- Bitcoin is extending its slump, and crypto stocks are also sliding, including
and bitcoin miners
and Hut 8 Mining.
- Pharmacy retailer
Boots Alliance reported results that beat forecasts and lifted its full-year guidance.
- Alcoholic beverage producer
posted lower sales and earnings in the latest quarter, though its adjusted profit beat analysts’ expectations.
- Cloud security company
said it had entered a partnership with Amazon Web Services on product development.
shares dropped after Piper Sandler cut its rating on the stock and lowered its price target.
- Flagship meme stocks
were wavering after suffering particularly badly during Wednesday’s broad market drop.
- Crude prices are climbing, and energy companies are along for the ride.
were all ticking higher.
Chart of the Day
- Investors are betting that rising interest rates and a tech swoon could bring American stocks’ winning streak to an end in 2022.
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