Happy Thanksgiving! US financial markets are closed today and operate in shortened hours tomorrow. The New York Stock Exchange (NYSE) and the NASDAQ will close at 1pm Eastern on Black Friday.
Trading volume is usually down in Thanksgiving week.
Wall Street closed mostly higher on Wednesday after a significant decline in growth stocks earlier in the week.
|15,845.23 (+0.44%)||4,701.46 (+0.23%)||57,550.61 (+1.32%)|
Here are some trending stocks:
Gap (NYSE: GPS) Q3 EPS missed expectations due to supply chain challenges leading to missed sales and rising costs. It also slashed full-year guidance. The Gap share price ended Wednesday's session 24% down.
The Duolingo (NYSE: DUOL) share price dropped 11%, most likely caused by insider share sales as the lockup period expired. Duolingo went public via IPO in July. It has had a volatile ride, and the language-learning stock has been down 13% since then. The company's Q3 earnings call on 12 November beat Wall Street expectations on sales and lower-than-expected losses.
Walt Disney's (NYSE: DIS) annual report shows the company ramping up spending in streaming content in the coming year.
Cathie Wood announced her firm is testing a new ETF described as 'ARK on steroids.' It will test a short strategy and is likely to be volatile. There is no launch date.
Meanwhile, ARK Innovation ETF (NYSEARCA: ARKK) made a 1.7% recovery in yesterday's session. It is now down 8% in the past five days.
In oil news, markets are bullish as demand is expected to continue rising, while a lack of investment in new supply will keep the market tighter for longer.
BHP Group (NYSE: BHP) is seeing an uptick in short interest in its ASX-listed shares.
Verizon Communications (NYSE: VZ) and AT&T (NYSE: T) are limiting some 5G services while regulators review their impact on aircraft sensors.
Pinterest (NYSE: PINS) will spend $50m to improve its diversity and equity and will allow former employees to discuss their experiences of workplace discrimination even if bound by an NDA.
Spanish pharmaceutical company Almirall (BME: ALM) has seen its share price drop 16% in the past month, but its CEO said the company has €1bn available to spend on skin health acquisitions.
L1 Capital International has taken a stake in Activision Blizzard (NASDAQ: ATVI). L1 stated Activision has "a consistent ability to monetize key franchise titles." The scandal-hit firm has seen ATVI stock fall 25% in the past month.
Short squeeze target Longeveron (NASDAQ: LGVN) sees its shares rise 145% in a day. But LGVN stock is down 32% after hours.
CoinDesk reports the Shiba Inu (SHIB) market cap rank pulls back to 13th place amid selling pressure.
eToro will limit Cardano (ADA) and TRON (TRX) for US users amid regulatory concerns.
Bitcoin has steadied.