Breaking News
Nov 21, 2022
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Oil and natural gas sector stocks led the decliners after crude oil prices dropped to the lowest level since early January.
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Coinbase Global plunged 10% on the growing skepticism about the cryptocurrency market after FTX filed bankruptcy protection.
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German producer price inflation in October eased to 34.5% form 45.8% in September, the lowest level in four months, Destatis data showed.
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Zoom reported Q3 revenue rose 5% to $1.1 billion and net income plunged to $48 million or 16 cents a share from $340 million or $1.111 a year ago.
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Urban Outfitters Q3 sales rose 3.9% to $1.17 billion, net income plunged to $37 million or 40 cents a share from $89 million or 89 cents a year ago.
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Anthropologie and Free People brands comparable sales strength supported the third quarter results of Urban Outfitters.
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Dell Technologies said Q3 revenue fell 6% to $24.7 billion and net income plunged 93% to $241 million or 33 cents a share.
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Target stock plunged 15% after the retailer said third quarter earnings fell, lowered its fourth quarter outlook and estimated weak holiday sales.
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Carnival Corp dropped 12% after the cruise operators said it plans to offer $1 billion of convertible debt as part of its debt refinancing plan.
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Lowe's Companies lifted its full-year earnings outlook and said U.S. comparable sales rose 3%.
Nov 16, 2022