Updated October 6, 2021 10:33 a.m. ET
Stocks fell in morning trading, with major indices losing ground on broad-based selling. We’ll see that during the regular session on Wednesday.
Palantir Technologies PLTR 1.59%
jumped after the data software company said it was selected for a U.S. Army intelligence program contract.
Facebook FB 0.20%
Shares fell after the company made headlines amid a testimony from a whistleblower on Capitol Hill and widespread failure of its services.
- An early downturn in several big tech stocks was largely reversed, with Microsoft,
Google mother alphabet goog 0.86%
and Netflix NFLX 0.68%
recovering from an early faint. Apple AAPL 0.63%
however, was still down an hour after it opened.
Tim Cook spoke about the new iPhone 13 during the Apple event on September 16, 2021.
- The cryptocurrencies topped up by Tesla CEO Elon Musk received another boost on Wednesday. The Shiba Inu token gained 48% in the past 24 hours and added to a day-long rally after Mr Musk posted a new photo of his Shiba Inu pup named Floki on Monday. The coin now has a market value of $ 9 billion, making it the 20th largest cryptocurrency according to CoinMarketCap.com. Dogecoin, a Mr. Musk favorite, also rose 3% in the past 24 hours.
- American Airlines Group AAL shares -4.33%
and Delta Air Lines DAL -1.61%
Both were weighed down by concerns about fuel costs and slowing economic growth.
Acuity brands AYI 10.90%
soared after the industrial technology company announced its fourth quarter earnings as revenue benefited from improved service levels and an improving economy.
- Vaccine manufacturer Moderna MRNA -8.94%
and Novavax NVAX -4.77%
It is expected to remain in the doldrums that began after Merck’s successful Covid-19 treatment trial. Pfizer PFE -0.71%
Stocks were also down.
- Business development company Saratoga Investment SAR 1.22%
‘s shares rose after record repayments were reported in the second quarter.
Levi Strauss LEVI -5.13%
will give a result update after completion.
Chart of the day
- The price of silver has just passed its worst four-month period since November 2014, dragged down by expectations of higher interest rates and a slowdown in manufacturing.
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