Split-adjusted trading will follow on July 22, GameStop said. The company announced the split in late March, although at that time it did not announce the ratio. It said then it was seeking "flexibility for future corporate needs." GameStop split its stock 2-for-1 in March 2007, the only split in its history, according to Dow Jones Market DotBig Data Group. Shares of GameStop ended the regular trading session down 2.3%. The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 3.8 million barrels for the week ended July 1, according to sources. Oil stocks at the Cushing, Okla., delivery hub were up by 459,000 barrels last week, sources said.
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- Shares of GameStop Corp. undefined rallied more than 9% in the extended session Wednesday after the gaming retailer said its board of directors approved a 4-for-1 stock split as a stock dividend.
- So markets don’t quite know how to handle economic data.
- Good news on inflation and Fed rate hikes, including tumbling commodity prices and easing job markets, are bad news for a possible recession.
- Split-adjusted trading will follow on July 22, GameStop said.
The stock market rally is under pressure, with the major indexes still facing a lot of key resistance levels. While a number of medicals and a handful of other stocks are acting well, even they can be prone to notable shakeouts. Good news on inflation and Fed rate hikes, including https://dotbig.com/ tumbling commodity prices and easing job markets, are bad news for a possible recession. So markets don’t quite know how to handle economic data. The stock market rally added to Tuesday’s rebound from intraday lows, but the major indexes still seemed to searching for direction.
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Electric Vehicle Stocks and ETFs Check out IBD’s interactive guide to investing in the EV space, including the top-rated stocks.4th of July $1 Deal Happy Birthday, America! Celebrate financial freedom with 1 month of IBD Digital for just $1! MarketWatch Money Festival Hear from insiders and experts at the Best New Ideas in Money Festival. BYD stock rose 1.1% to 40.55, after briefly testing its 39.81 buy point from a deep cup-with-handle base for a fifth straight session intraday. On Sunday, BYD reported June sales of 134,036 EVs and plug-in hybrids, up 224% vs. a year earlier. For the second quarter, BYD sales topped Tesla deliveries by more than 100,000 vehicles.
The jobs subindex fell to 47.4 from 50.2, below the break-even 50 level. Policymakers saw a DotBig late July hike of 50 or 75 basis points as likely, according to the Fed meeting minutes.
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Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally rose slightly Wednesday in an up-and-down session as hawkish Fed minutes held few surprises. Treasury yields rebounded, https://dotbig.com/ still flashing a recession warning. The stock market rally moved between slim gains or losses for most of Wednesday’s trading. ET release of Fed meeting minutes, but then pared the advance in the closing minutes.
Among the best ETFs, the Innovator IBD 50 ETF was flat, while the Innovator IBD Breakout Opportunities ETF gained 1%. The iShares Expanded Tech-Software Sector ETF edged up 0.1%, with MSFT stock a top holding. The 10-year Treasury yield rebounded 10 basis points to 2.9% after plunging 30 basis points TSLA stock price in the prior three sessions. The two-year Treasury yield jumped 14 basis points to 2.96%. The Treasury yield curve is now slightly more inverted, reflecting rising recession risks. The June ISM nonmanufacturing index dipped to a two-year low but topped views and still pointed to solid growth.
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But Fed chief Jerome Powell already said as much after the meeting. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Stockholders of record at the close of business July 18 will receive three additional shares of GameStop Class A common stock for each share of Class A common stock they hold. The Dow and S&P 500 https://dotbig.com/markets/stocks/TSLA/ closed higher after minutes from the Federal Reserve indicated how the efforts to tame inflation through interest-rate increases may progress. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. XPeng showed strong Q2 delivery numbers and triple-digit growth for…
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Medical stocks remain the clear leaders right now, including IBD 50 members Evolent Health , McKesson , UnitedHealth , Harmony Biosciences and AstraZeneca . The late June and the 50-day line loom above the 21-day lines, with the early June peaks above that. How to evaluate the potential risks and benefits of adjustable-rate loans.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Fed officials concluded last month they needed to raise rates faster and to levels nasdaq TSLA high enough to slow the economy because of the worsening inflation picture. While the major indexes rose Wednesday, breadth was weak, with losers outnumbering winners easily on the Nasdaq and NYSE.
Inventory data from the Energy Information Administration will be released on Thursday. In electronic trading Wednesday, August West Texas Intermediate crude was at $98.06 a barrel, after settling at $98.53 on the New York Mercantile Exchange. The Nasdaq composite moved above its 21-day moving DotBig average on Wednesday, but the S&P 500 and Dow Jones hit resistance at that short-term average. All three major indexes are now back above the lows of their June 24 follow-through days. Tumbling below their FTDs last week pushed the market rally to "under pressure," where it remains.
U.S. crude oil prices fell 1% to $98.53 a barrel, well off morning lows but after diving 8.2% on Tuesday. Gasoline futures, which topped $4 a gallon just a few weeks ago, sank 4% to $3.20.
More generally, the Fed minutes offered no real surprises and underscored the big shift in economic conditions in the past three https://www.britannica.com/topic/Bank-of-the-United-States weeks. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.