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Eventbrite revenue plunges amid widening losses because of COVID-19

Eventbrite Inc. shares were flat in after-hours trading Monday after the event-management services company reported fiscal first-quarter revenue and net income that missed Wall Street estimates. Eventbrite reported a loss of $146.5 million, or $1.71 a .....»»

Category: topSource: marketwatchMay 11th, 2020

Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy

A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown......»»

Category: topSource: reutersMay 8th, 2020

Wall Street weekahead: U.S. data deluge to underscore divide between roaring market, plunging economy

A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown......»»

Category: topSource: reutersMay 8th, 2020

Asia stocks set to track soft Wall Street lead amid pandemic worries

Asian stocks were set to come under pressure on Thursday as downbeat economic data pushed investors to safe havens and growing worries about falling demand sent oil prices lower......»»

Category: topSource: reutersMay 6th, 2020

Match quarterly revenue hit by slowing Tinder growth

Match Group Inc reported quarterly revenue that fell short of Wall Street estimates on Tuesday, hit by slowing growth in its popular dating app "Tinder" as fewer people signed up and paid for its premium features amid the COVID-19 pandemic......»»

Category: topSource: reutersMay 5th, 2020

Earnings Watch: S&P 500 earnings are beating estimates by the lowest rate in a decade amid COVID-19 despite earlier cuts to forecasts

Wall Street analysts knew first-quarter earnings would be bad this year because of the COVID-19 pandemic, but they’ve been even worse than expected as companies are beating forecasts by the lowest rate in at least 10 years......»»

Category: topSource: marketwatchMay 2nd, 2020

Wall Street rallies on promising coronavirus drug

U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell......»»

Category: topSource: reutersApr 29th, 2020

Wall Street rallies on promising coronavirus drug

U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell. Yahaira Jacquez reports......»»

Category: videoSource: reutersApr 29th, 2020

U.S. stocks rally on coronavirus drug hopes

Wall Street stock indexes surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors look past bleak economic data......»»

Category: topSource: reutersApr 29th, 2020

Avnet reports solid Q1 despite Covid-19 effects, tops Wall Street estimates

Despite taking on impairment charges amid the global effects of Covid-19, Avnet Inc. topped analysts' earnings estimates for its fiscal third quarter......»»

Category: topSource: bizjournalsApr 27th, 2020

The Ratings Game: The credit-card giants viewed as the ‘two best companies in the world’ face increasing skepticism amid COVID-19

Visa Inc. and Mastercard Inc. may be “the two best companies in the world,” according to Baird analyst David Koning, but their stocks are garnering some rare skepticism on Wall Street......»»

Category: topSource: marketwatchApr 15th, 2020

Earnings Results: FedEx sales grow amid coronavirus outbreak, but earnings guidance is pulled

FedEx Corp. shares surged in the extended session Tuesday, after the shipper reported revenue that topped Wall Street estimates for the quarter despite the spread of COVID-19 but suspended its outlook for the year due to uncertainty......»»

Category: topSource: marketwatchMar 18th, 2020

The Wall Street Journal: China’s exports plunge 17% amid coronavirus epidemic

China’s exports and imports tumbled in the first two months of the year, official data showed Saturday, as the coronavirus epidemic and measures to contain its spread disrupted production and shipment while hitting global supply chains......»»

Category: topSource: marketwatchMar 7th, 2020

Markets see Bay Area stock sell-off as coronavirus fears in U.S. grow

Silicon Valley stocks led a historic Wall Street sell-off Thursday amid fears that the COVID-19 coronavirus has begun to spread in the United States, officially pushing the U.S. stock market into correction territory. The S&P 500 fell 4.4 percent,.....»»

Category: topSource: bizjournalsFeb 27th, 2020

AMD, Apple, Intel drive down Silicon Valley stock index amid historic sell-off

Silicon Valley stocks led a historic Wall Street sell-off Thursday amid fears that the COVID-19 coronavirus has begun to spread in the United States, officially pushing the U.S. stock market into correction territory. The S&P 500 fell 4.4 percent,.....»»

Category: topSource: bizjournalsFeb 27th, 2020

Stocks turn lower amid earnings and consumer data

Stocks turned lower Friday as Wall Street assessed disappointing consumer data and strong earnings to end a solid week of gains......»»

Category: topSource: moneycentralFeb 14th, 2020

Stocks little changed amid earnings and consumer data

Stocks kicked off Friday’s session trading along the flatline as Wall Street assessed the release of disappointing consumer data and strong earnings to end a solid week of gains......»»

Category: topSource: moneycentralFeb 14th, 2020

Stocks little changed amid earnings and consumer data

Stocks kicked off Friday’s session trading along the flatline as Wall Street assessed the release of disappointing consumer data and strong earnings to end a solid week of gains......»»

Category: topSource: moneycentralFeb 14th, 2020

Tuesday"s session unveiled the market"s "coiled spring" stocks amid coronavirus outbreak, Jim Cramer says

Wall Street saw some positive trading action on new coronavirus data. Jim Cramer says Tuesday's trade is "just instructive" of what could happen when the outbreak is contained......»»

Category: topSource: madmoneyFeb 11th, 2020

Market Snapshot: S&P 500, Nasdaq close at records amid upbeat data, easing coronavirus fears

U.S. stocks close higher Wednesday, a third consecutive day of gains, as Wall Street erases a selloff that at least partly was sparked by an Asian influenza that has killed hundreds and infected tens of thousands in China......»»

Category: topSource: marketwatchFeb 5th, 2020