Analyst ViewsU.S. Markets, stocks prices were positive in yesterday trading as investors digest the implications of the change at Peloton as well as a new batch of corporate earnings. The S&P 500 and Nasdaq Composite curbed losses and rose by 0.8% and 1.3%, respectively, while the Dow Jones Industrial Average rose over 370 points or 1.06% led by Amgen after the biotech giant announced a $6 billion share buyback.
Ticker |
Security |
Last |
Change |
Change % |
SP500 |
S&P 500 |
4521.54 |
+37.67 |
+0.84% |
I:COMP |
NASDAQ COMPOSITE INDEX |
14194.454609 |
+178.79 |
+1.28% |
Ticker |
Security |
Last |
Change |
Change % |
I:DJI |
DOW JONES AVERAGES |
35462.78 |
+371.65 |
+1.06% |
AMGN |
AMGEN INC. |
241.01 |
+17.48 |
+7.82% |
Treasury Bills, Banks financials trend higher on the back of increasing 10-year Treasury yield which rose to 1.95%, a new 52-week high.
Ticker |
Security |
Last |
Change |
Change % |
WFC |
WELLS FARGO & CO. |
58.75 |
+1.42 |
+2.48% |
BAC |
BANK OF AMERICA CORP. |
49.38 |
+0.87 |
+1.79% |
JPM |
JPMORGAN CHASE & CO. |
155.95 |
+2.88 |
+1.88% |
Peloton, in shake-up news, Peloton sidelined CEO John Foley amid the company's turmoil. The stock curbed losses ending with a gain of over 26%. He will move to the role of executive chair, replaced by Barry McCarthy. The company also slashed its revenue outlook to $3.8 billion from as much as $4.8 billion. Additionally, the cycling giant will cut 2,800 jobs.
Ticker |
Security |
Last |
Change |
Change % |
PTON |
PELOTON INTERACTIVE INC. |
37.27 |
+7.52 |
+25.28% |
In recent days, speculation swirled that the company is a takeover target, with as many as five possible suitors, including Amazon, Nike, Apple, Disney and Sony, according to multiple reports.
Nvidia, in other deal news, Nvidia and SoftBank's ARM called off their record $80 billion merger, citing "significant regulatory challenges," according to Nvidia.
Ticker |
Security |
Last |
Change |
Change % |
NVDA |
NVIDIA CORP. |
251.08 |
+3.80 |
+1.54% |
Vaccine makers, in earnings news, Pfizer shares slipped after it forecast sales from its COVID-19 vaccine will be around $32 billion, slightly below estimates.
Ticker |
Security |
Last |
Change |
Change % |
PFE |
PFIZER INC. |
51.70 |
-1.51 |
-2.84% |
BNTX |
BIONTECH SE |
159.60 |
-13.21 |
-7.64% |
And food chain Chipotle Mexican Grill will release earnings after the closing bell.
Ticker |
Security |
Last |
Change |
Change % |
CMG |
CHIPOTLE MEXICAN GRILL INC. |
1,460.35 |
+7.41 |
+0.51% |
On the economic front, Thursday's report on consumer prices will be closely watched as those are expected to tick up to 7.3% vs. 7% from December.
Commodities, oil closed down over 2% to $89.36 per barrel.
Cryptocurrencies, Bitcoin hovered above the $40,000 level.
SPOT MARKET BY THE HOUR AS OF GMT 09:45 02-09-22
European Market, the European market by the hour sustain its upward swing in line with positive sentiments across the board. London's FTSE climbed 0.7% to 7,619.85, Germany's DAX increased by 1.4% to 15,455.72 and France's CAC declined by 1.54% to 7,136.93.
Asia Market, Asian stocks The Asian market soared to a higher height, with the HSI leading gains, investor's appetite remain positive with Tokyo's Nikkei 225 index increased by 1.08% to 27,579.87, the Hang Seng in Hong Kong retreated by 2.06% to 24,829.99, while China's Shanghai also increased by 0.79% to 3,479.95.
Cryptocurrencies, at an intraday range of $43,183.29 by the hour and a maximum of $44,380.02 in 24 hours
SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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