Technology stocks often are a hot commodity when pandemic fears rear up. Here’s why that wasn’t the case on Wednesday as all three major U.S. stock indexes swooned.
Pinterest Inc. continued to experience a surge in new users during the COVID-19 pandemic, leading to larger-than-expected profit and revenue growth this summer, according to a Wednesday earnings report that sent shares on another ride toward fresh record highs.
In the first quarter of sales of its COVID-19 antiviral drug, Gilead Sciences Inc. produced better profit and sales than expected, buts its beleaguered shares were hit by a reduction in its annual sales forecast Wednesday.
GrubHub Inc. shares rose in the extended session Wednesday after the online food-ordering platform reported increased revenue that beat estimates as the pandemic continued to bolster its business, even though it posted a wider loss than expected.
The U.S. trade deficit in goods fell 4.5% in September a month after hitting a record high, but it’s likely to remain elevated in the next few months as retailers restock ahead of the holiday shopping season.
Stanley Druckenmiller reportedly said that a Democratic sweep in the upcoming election could prove to be a headwind for the stock market for years to come.
The coronavirus pandemic continued to set records across the U.S. on Wednesday, even as the administration of President Donald Trump touted its first-term accomplishments in a news release that suggested it had ended the crisis that has cost more than 226,000 American lives and shows no signs of abating.
The coronavirus pandemic continued to set records across the U.S. on Wednesday, even as the administration of President Donald Trump touted its first-term accomplishments in a news release that suggested it had ended the crisis that has cost more than 226,000 American lives and shows no signs of abating.