Author: Yahoo

Post
Stock market news live updates: Futures mixed after inflation fears ignite sell-off

Stock market news live updates: Futures mixed after inflation fears ignite sell-off

Stock market news live updates: Futures mixed after inflation fears ignite sell-off Stock futures were mixed in Wednesday’s after-hours session, with investors awaiting the latest read on the jobs market, still unsettled by spiking prices that could throttle the recovery.  During Wednesday’s regular session, fears of rising inflation hammered Wall Street after grim consumer price...

Post
There is a ‘super sale’ in Big Tech and other ‘high-quality’ stocks, says this fund manager

There is a ‘super sale’ in Big Tech and other ‘high-quality’ stocks, says this fund manager

There is a ‘super sale’ in Big Tech and other ‘high-quality’ stocks, says this fund manager Applied Finance Capital Management, an asset manager rooted in research on company valuations, has spotted attractive buying opportunities in the stock market, including some big technology companies, according to one of its founders. “Undervalued, high-quality companies are on a...

Post
Coupang stock slips after first results as public company

Coupang stock slips after first results as public company

Coupang stock slips after first results as public company Coupang Inc. CPNG, -2.54% shares slipped in the extended session Wednesday after the South Korean e-commerce company reported its first quarterly results as a publicly traded company. Coupang shares slipped 2.6% after hours, following a 2.5% decline in the regular session to close at $35.33. The...

Post
The Dow Fell 682 Points Because Inflation Fears Have Been Realized

The Dow Fell 682 Points Because Inflation Fears Have Been Realized

The Dow Fell 682 Points Because Inflation Fears Have Been Realized The three major U.S. stock indexes fell by 2% or more on data that the consumer price index soared past estimates in April. Growth stocks took a punch in the gut, but value was bruised, as well. Stocks plunged because investors are terrified of...

Post
Sonos Soars After Hiking Forecast on Strong Speaker Sales

Sonos Soars After Hiking Forecast on Strong Speaker Sales

Sonos Soars After Hiking Forecast on Strong Speaker Sales (Bloomberg) — Sonos Inc. rallied after raising its annual revenue forecast and posting quarterly earnings that surpassed Wall Street expectations, buoyed by elevated demand for its speakers from homebound consumers. The stock rose as much as 20% in postmarket trading. The Santa Barbara, California-based company topped...

Post
Poshmark Q1 sales rise 42%, but stock tanks after hours

Poshmark Q1 sales rise 42%, but stock tanks after hours

Poshmark Q1 sales rise 42%, but stock tanks after hours Shares of Poshmark Inc. fell more than 12% in after-hours trading Wednesday despite a narrower-than-expected quarterly loss and a 42% sales rise for the secondhand fashion retailer. Poshmark POSH, -0.61% said it lost $20.7 million, or $1.19 a share, in the first quarter, compared with...

Post
Wall Street Pondering Ugly Outcomes for Sky-High Tech Shares

Wall Street Pondering Ugly Outcomes for Sky-High Tech Shares

Wall Street Pondering Ugly Outcomes for Sky-High Tech Shares (Bloomberg) — Heightened inflation fears are threatening to do something to computer and software makers that hasn’t happened in two decades: make them the worst stocks in the market. They haven’t, however, made them anything close to cheap. With a three-week drubbing of the Nasdaq 100...