The Key Takeaways
- U.S. equites were slightly lower at midday as the market weighed the latest report on private sector employment and waited for the government's jobs report later this week.
- EBay shares soared when Meta Platforms' Facebook allowed the online retail site to post its listing on the social media site.
- Helen of Troy’s quarterly revenues were affected by a drop in beauty and health sales.
U.S. stocks were slightly lower in midday trading as traders weighed recent reports on employment figures from the private sector and anticipated the release of the Government’s Jobs Report later this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq were down less than 1%.
EBay (EBAY) was the best-performing stock in the S&P 500 when Meta Platforms (META) allowed the online sales site to post its listings on Facebook. Meta Platforms’ shares are down.
Higher egg prices and Thanksgiving demand helped Cal-Maine Foods (CALM) beat earnings and revenue forecasts, and shares gained.
Boston Scientific shares (BSX), which are the stock of the maker of medical devices, have risen since the company announced its purchase by Bolt Medical.
Helen of Troy parent OXO shares fell after the company posted lower sales. The maker of beauty products and household goods also reduced its outlook for profit as sales of beauty and health items declined.
The shares of Edison International dropped after the Californian energy company was impacted by wildfires that ravaged this state.
HSBC’s double downgrade of the Advanced Micro Devices stock cited concerns regarding the AI GPU growth.
Oil prices fell. Gold prices rose. Gold prices rose. The U.S. currency gained against the Euro, Pound, and Japanese Yen. All major cryptocurrencies were trading lower.
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