Shares of FuboTV Inc. soared again Friday after the sports-first TV-streaming company reported third-quarter revenue and record paid subscribers that rose well above expectations. The stock FUBO, +9.49% hiked up 14.2% in premarket trading, putting it on track to open at a three-month high on a closing basis. The rally follows a 14.6% climb on …
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Icahn Enterprises LP’s stock rose 14% Friday to put it on track for its biggest one-day gain since May 5, after the company’s third-quarter loss narrowed from a year ago while revenue was ahead of expectations. The company said it’s sticking with its quarterly distribution, or dividend, of $1 a share, which it halved last …
Shares of consumer discretionary companies reversed higher in premarket trading Friday following data showing the jobs market moderated in October, fueling hopes that interest rates may have peaked. The Consumer Discretionary Select Sector ETF XLY, +1.41% rose 0.7%, after being down 0.3% just before the data. Among some of the ETF’s more active components, shares …
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Shares of Broadcom Inc. AVGO, +1.31% gained 0.4% in premarket trading Friday, after the semiconductor company said a German patent court said its patent related to video coding was valid. The company said a Munich district court also issued an injunction that requires Netflix Inc. NFLX, +1.80% to “cease and desist” further infringement of Broadcom …
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The U.S. stock market opened higher on Friday, with the Dow Jones Industrial Average heading for a potential fifth straight day of gains, as investors weighed a softer-than-anticipated report on jobs growth. The Dow Jones Industrial Average DJIA, +0.66% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.94% gained 0.5% …
The benchmark 10-year yield dropped 16 basis points to 4.5% on Friday after data showed the U.S. created a fewer-than-expected 150,000 new jobs for October. The yield was down by more than 30 basis points this week and on pace for its biggest weekly decline since at least November 2022. Yields dropped across the board …
Shares of Bank of America Corp. surged 3.6% toward a fifth straight gain in morning trading Friday, as they got a big boost from October jobs data, which fueled hopes that interest rates may have peaked. BofA’s stock was up a scant 0.1% in the premarket just before the jobs data was released. It has …
Shares of Palantir Technologies Inc. PLTR, +5.12% quickly reversed an early pullback to power up 4.0% toward a three-month high in morning trading. The rally follows 20.4% rocket ride higher on Thursday, after the software company beat third-quarter profit expectations, with results showing strong demand for its artificial intelligence platform. The stock was down as …
Long-term U.S. Treasury yields are heading for their biggest weekly drops since March 2020 and last November, just two weeks after having established multi-year highs. The rapid turnaround taking place in the bond market is being triggered by the broader view that a slowing U.S. economy will likely put an end to the Federal Reserve’s …
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Lexeo Therapeutics Inc.’s stock LXEO, -8.64% tumbled 15% in its trading debut on Friday, after the company’s initial public offering priced below the proposed price range. The stock priced at $11, below a $13 to $15 range. The stock is trading on Nasdaq under the ticker “LXEO.” The company sold 9 million shares to raise …
