Wall Street closes with sharp gains as final quarter begins
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StreetInsider.com Top Tickers, 2/1/2023
- Stocks firm, dollar retreats ahead of Fed decision
- Snap shares plunge 14% following Q4 report, warns of sales drop; analysts mostly bearish
- Eurozone inflation slows by more than expected in January
- AMD shares rise after Q4 report that beat expectations for revenue, EPS
- Electronic Arts (EA) drops over 10% on slashed forecast, Star Wars delay; analyst sees limited downside
- Upstart Holdings (UPST) to lay off 20% of workforce due to current macro headwinds
- General Motors (GM) Invests $650M in Lithium Americas (LAC), Enters Supply Agreement
- HubSpot (HUBS) plans reduction of workforce by approximately 7%
- Context's (CNTX) Partner Stemline Therapeutics Announces FDA Approval of ORSERDU
- NetApp (NTAP) sees charges from plan to restructure
- After-hours movers: Snap and Match sinks on weak outlooks, AMD gains on EPS
- Midday movers: General Motors, McDonald's, Pfizer and more
- Pfizer, McDonald's fall in premarket, International Paper, UPS jump
- After-hours movers: NXP falls following results, Whirlpool gains
- Exxon Mobil, Pfizer, McDonald's earnings: 3 things to watch
The Fed's Communication and Actions 'Creating Instability' - Wells Fargo
October 3, 2022 9:53 AM EDTWells Fargo analyst Christopher Harvey said in a note on Monday that the Federal Reserve has "over-communicated."
"The Fed's consistent message has been its commitment to price stability. We believe them, as do most investors," wrote Harvey. However, Wells Fargo believes the Fed's communications and actions are "creating... More
