Amrith Ramkumar, finance reporter for The Wall Street Journal, joins CBS News to assess the stock's debut performance. Mar 26 04:03 Reddit stock surges in first day of trading Reddit made its stock market debut Thursday, raking in about $519 million by the closing bell. Hope King, ...
“I think we’re hitting an inflection point for all of retail,” Boss said during an interview on CNBC’s“Closing Bell”Monday. “I think you’re seeing an intentional consumer out there. They’re shopping for brands. They want value and they want convenience.” According to Boss, this...
The fund slipped around 5% in the session. If that holds through the closing bell, it would mark the ETF’s worst performance since Oct. 7, 2022, when shares tumbled close to 6%. The VanEck Semiconductor ETF (SMH), 1-day ASMLled the fund down on Wednesday with a drop of more than...
The company has struggled to shake off a pandemic slump in its business and ceded market share to bigger rival Uber. Lyft's shares initially rose about 8% in early trading as investors assessed the news of co-founders Logan Green and John Zimmer stepping down as CEO and president, ...
CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy. May 16 04:33 Reddit stock surges in first day of trading Reddit made its stock market debut Thursday, raking in about $519 million by the closing bell. Hope King, ...
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The Dow climbed more than 2% this week despite closing slightly lower on Friday. The S&P 500 also advanced 2.5%, while the Nasdaq surged 3.4%. On Friday, all three indexes snapped a five-day winning streak. General Motors (GM) soared 7% after upgrading its outlook. US oil prices fell...
Not even an 18% plunge for Macy’s can derail this market rebound. The Dow climbed 123 points, closing just above 24,000. The S&P 500 gained 0.5%, notching its first five-day win streak since September. The Nasdaq advanced for the 10th day in the past 11. Stocks closed near their...
Market watchers are digesting the whopping 3.2% first quarter US GDP report from this morning. The headline number was strong and beat consensus estimates, but it is also just the first reading and will likely get revised. Strong economic growth could be cause for concern for stock investors wo...