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Constellation, Etsy rise; First Bancorp, Take-Two fall - Vimarsana News

Constellation, Etsy rise; First Bancorp, Take-Two fall

Constellation, Etsy rise; First Bancorp, Take-Two fall June 2, 2021 FacebookTwitterEmail Etsy Inc., up $11.68 to $175.14. The online crafts marketplace is buying the shopping app Depop for just under $1.63 billion. Constellation Pharmaceuticals Inc., up $13.33 to $33.57. The biopharmaceutical company is being bought by MorphoSys in a $1.7 billion deal. NortonLifeLock Inc., up 60 cents to $28.49. The security software maker launched Norton Crypto, which is designed to help people more securely mine cryptocurrency. Visa Inc., up $3.03 to $229.66. The global payments processor gave investors an ...

Source: sfgate.com
Tech stocks set to drag Wall St lower at open; Fed minutes in focus - Vimarsana News

Tech stocks set to drag Wall St lower at open; Fed minutes in focus

Tech stocks set to drag Wall St lower at open; Fed minutes in focus By Medha Singh and Shashank Nayar Reuters (Reuters) -Wall Street's main indexes were set to drop at the open on Wednesday, led by losses in rate-sensitive technology stocks on fears that rising inflation could force the U.S. Federal Reserve to pare back its support soon. The yield on 10-year Treasury notes touched a one-week high, driving down shares of Apple Inc, Microsoft Corp and Facebook Inc by about 1% premarket. Tech and other growth stocks are sensitive to yields as their value rests heavily on earnings years into the ...

Futures fall as tech stocks lag ahead of Fed minutes - Vimarsana News

Futures fall as tech stocks lag ahead of Fed minutes

BusinessWall Street falls for third day on inflation jitters ahead of Fed minutes Medha SinghShashank Nayar 5 minute read People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo Wall Street's main indexes fell for the third straight session on Wednesday, as investors dumped riskier assets on fears that rising inflation could force the U.S. Federal Reserve to pare back its support soon. Investors will also focus on minutes from the Fed's April policy meeting, where it stood pat on interest rates. The...

Dow Jones falls 490 points on inflation jitters ahead of Fed minutes - Vimarsana News

Dow Jones falls 490 points on inflation jitters ahead of Fed minutes

Federal Reserve to pare back its support soon. Investors will also focus on minutes from the Fed's April policy meeting, where it stood pat on interest rates. The statement is due to be issued at 2 p.m. ET (1800 GMT). Strong inflation readings and signs of a worker shortage in recent weeks have fueled fears of inflation and roiled stock markets despite reassurances from Fed officials that the rise in prices would be temporary. "There is no question that inflation worries have creeped into the investor mindset which will weigh on the tech stocks and, in all likelihood, we will see yields g...

US STOCKS-Futures fall as tech stocks lag ahead of Fed minutes - Vimarsana News

US STOCKS-Futures fall as tech stocks lag ahead of Fed minutes

U.S. stock index futures fell for the third straight session on Wednesday, led by losses in rate-sensitive technology stocks on fears that rising inflation could force the U.S. Federal Reserve to pare back its support soon.