Your daily review of the biggest winners & losers from the trading day, plus notable market-moving news.
August inflation came in firm, and Fed rate hike odds jumped to near 90%. Copart agreed to buy ACV Auctions for $1.9 billion. Frequency Electronics crushed earnings!
Treasury yields are closing in on 5%. The ECB raised rates. Oracle reports tonight, and the AI story hangs on the result. Today’s full breakdown inside.
Treasury buyback disappoints, Apple’s foldable iPhone lands, yields hit 2023 high. Wednesday’s full session inside.
Amgen falls on rival drug failure, OpenAI Astra lifts AI stocks, Intel surges on upgrade. Tuesday’s full session inside.
August jobs came in at three times expectations, and September rate hike odds jumped. Lululemon cut its outlook again. Today’s full breakdown inside.
Fed’s Waller signaled he’d support a rate hold. Snowflake soared on AI earnings. Bitcoin reclaimed $80,000. Today’s full breakdown inside.