Twitter, IAC, Nvidia, Conagra: What you should be aware of today on the stock market

0
39

WSJ.com: Markets

Updated October 7, 2021 at 9:40 a.m. ET

US stocks rose in morning trade after Republicans offered a short-term extension of the debt ceiling, which helped allay immediate concerns about a possible national bankruptcy. We’ll see that before the opening on Thursday.

  • Twitter TWTR 4.37%

    Shares rose 2.4% after the company announced it would sell mobile advertising company MoPub to AppLovin APP 10.31%

    for $ 1.05 billion in cash. AppLovin rose 13%.

Twitter headquarters in San Francisco, California, July 19, 2021.


Photo:

David Paul Morris / Bloomberg News

  • Barry Diller’s media conglomerate IAC / InteractiveCorp. IAC 7.78%

    climbed 2.5% after reaching a $ 2.7 billion deal to buy Meredith,

    MDP 6.47%

    a magazine publisher with brands like People and InStyle. Meredith shares were up 6.3%.

  • Megacap tech companies rose as government bond yields fell slightly. Apple,

    AAPL 0.91%

    Amazon.com,

    AMZN 1.24%

    Microsoft MSFT 0.59%

    and Nvidia NVDA 1.81%

    rose more than 1% each and Square SQ 4.20%

    was up 4%.

  • Tilray TLRY 2.13%

    Stocks were down 3.3% after the cannabis company said its net loss in the first quarter widened.

  • Lamb Weston LW -6.64%

    Stocks fell 8.4% after the potato and vegetable company reported first quarter earnings and sales that fell short of expectations.

  • Household and personal care products manufacturer Helen of Troy HELE 5.88%

    rose 7.6% after raising its fiscal 2022 outlook.

  • Modern MRNA 2.29%

    Stocks gained 1.9%. She presented plans to build a vaccine factory in Africa. At the close of trading on Wednesday, the stock had lost over 20% of its value so far this month.

  • ACCD brackets -0.42%

    will report the earnings upon completion.

Chart of the day
  • Airline stocks rose more than 10% over the past month as broader equity markets collapsed. However, this is only a partial recovery from a bad summer for aviation stocks, including aircraft manufacturers. Only low-cost airline stocks are currently trading above their pre-Covid levels.

Write to Anna Hirtenstein at anna.hirtenstein@wsj.com

Corrections & reinforcements
Stock futures rose ahead of the market opening on Thursday. A previous version of this article incorrectly stated that the move was on Wednesday.

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source Link

Leave a Reply