Wall Street’s main indexes fell in choppy trading on Thursday after minutes from the Federal Reserve’s last meeting struck a hawkish note, pushing down shares of big technology companies and buoying economy-sensitive cyclical sectors.
At 10:51 ET, the Dow Jones Industrial Average (.DJI) was down 0.22% at 36,327.9. The S&P 500 (.SPX) was up 0.03% at 4,701.87 and the Nasdaq Composite (.IXIC)was up 0.14% at 15,121.725.
BUZZ-Wells Fargo names CrowdStrike top pick for 2022, rates ‘overweight’
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BUZZ-Netflix slips after JP Morgan cuts PT, subscriber estimates
BUZZ-Alterity jumps on U.S. patent for compounds targeting brain disorders
BUZZ-Freeline Therapeutics soars as FDA clears new drug application
BUZZ-Rivian hits record low after Amazon signs deal with Stellantis
BUZZ-Plus Therapeutics rises after signing licensing deal for cancer therapy
** Western Union Co (WU.N): down 2.2%
BUZZ-Western Union slips as BofA downgrades on structural, crypto concerns
** MGM Resorts International : up 2.7%
BUZZ-MGM Resorts to benefit from accelerating trends in Las Vegas – Credit Suisse
BUZZ-Dick’s Sporting Goods up after co raises FY profit forecast
** Bed Bath & Beyond Inc (BBBY.O): up 8.7%
BUZZ-Bed Bath & Beyond gains after Q3 results
** Vocera Communications Inc (VCRA.N): up 26.5%
Stryker Corp (VCRA.N): up 26.5%
BUZZ-Vocera soars on Stryker’s buyout deal worth nearly $3 bln
** ADT Inc (ADT.N): down 5.9%
BUZZ-ADT falls as RBC steps to the sidelines
** Stitch Fix Inc (SFIX.O): up 8.7%
BUZZ-Stitch Fix rises on $150 mln share buyback plan
** Helen of Troy Ltd (HELE.O): up 1.9%
BUZZ-Helen of Troy gains on upbeat Q3 results
** Lamb Weson Holdings Inc (LW.N): up 9.0%
BUZZ-Lamb Weston leaps on Q2 revenue beat
** Humana Inc (HUM.N): down 9.9%
BUZZ-Humana slides on cutting 2022 individual Medicare Advantage growth estimate
** JD.com Inc : up 4.5%
Alibaba Group Holdings Inc : up 4.8%
Baidu Inc : up 3.8%
Weibo Corp : up 6.6%
BUZZ-China ADRs weather global tech selloff; Alibaba, JD.com lead charge
BUZZ-Kearny Financial dips as Piper Sandler downgrades to ‘neutral’
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Compiled by Yuvraj Malik in Bengaluru
Our Standards: The Thomson Reuters Trust Principles.
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