Updated January 12, 2022 9:45 a.m. ET
Wall Street stock indices rose slightly after inflation data showed the largest annual rise in consumer prices in decades. Here’s what we see in Wednesday’s trading:
The takeover of Afterpay has cleared the last regulatory hurdle and will be implemented on February 1, announced the Australian provider of Sofort-Payment-Later.
- Medicare officials said they were going to use Biogen. cover‘S
Controversial Alzheimer’s drug Aduhelm on condition that patients are in clinical trials and have symptoms in the early stages.
The Biogen headquarters in Cambridge, Massachusetts, June 7, 2021.
cj gunther / shutterstock
Jefferies Financial Group JEF -9.27%
reported lower sales in the last quarter, partly due to a challenging market environment for bond trading that resulted in lower volumes.
- Shares in e-commerce clothing company Kidpik PIK 20.66%
rose in morning trade, building on Tuesday’s 27% gain. Not a clear catalyst for penny stocks profits: even the website was down due to scheduled maintenance. Trading in the share was temporarily suspended on Tuesday due to the volatility.
- Jefferies is rated for PayPal PYPL. lowered -2.26%
Share, lowering target price from $ 255 to $ 200.
The board approved a dividend increase and a share buyback program.
- Evercore ISI Group has upgraded its DoorDash DASH rating -2.07%
Share and set a price target of $ 256 per share. On Tuesday it closed at $ 143.64.
General Motors GM -0.70%
The new CarBravo marketplace will enable US GM dealers to sell used vehicles online, a move that will add new competition to the used vehicle market and reflect a strategic shift for GM.
KB homepage KBH 0.55%
and E2open parent company ETWO -4.81%
should report after Wednesday close.
Chart of the day
- Streetwise columnist James Mackintosh looks at three ways the market appears to be normalizing after its pandemic irregularity and one possible change in its long-term pattern.
Write to James Willhite at firstname.lastname@example.org
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