Activist Investor Ready to Fix Disney, Again
Plus a look at what's going on at Unity Software.
Stay updated with breaking news from Ryan Detrick. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Plus a look at what's going on at Unity Software.
As Amazon, Inc. (NASDAQ:AMZN) hawked good tidings, the negative sentiment in the equity market appears to have reversed. The recovery could be in part due to traders looking for bargains following a two-day slump seen in the market.
The Nasdaq Composite slumped to its biggest single-session percentage drop since Feb. Read more at straitstimes.com.
The benchmark S&P 500 index notched its fifth daily decline in six to close below the closely watched 4,200 level. The Nasdaq Composite slumped to its biggest single-session percentage drop since Feb. 21, with interest rate sensitive megacaps weighing heavily the tech-laden index.
U.S. stocks tumbled in a broad sell-off on Wednesday as Alphabet shares slid after the Google parent posted disappointing earnings and as U.S. Treasury yields rose, reviving fears that interest rates could stay higher for longer. The benchmark S&P 500 index notched its fifth daily decline in six to close below the closely watched 4,200 level. Shares of Alphabet Inc plunged after the company reported disappointing cloud services revenue, reviving fears of an economic slowdown.