388.7 - 429.44
58.22 - 486.72
Echofin Members Consensus
US Market US closed lower yesterday, led by losses in technology sector stocks. Novavax sank 14.3%, as the drugmaker reported a wider than expected fourth quarter loss. Nio plunged 13.0%, after the company posted a bigger than expected loss in the fourth quarter. Zoom Video Communications declined 9.0%, despite reporting better than expected revenue and earnings in the fourth quarter. Roku dropped 7.3%. The company is planning to acquire Nielsen’s digital advertising business for an undisclosed amount. Score Media & Gaming fell 2.5%. The company announced that underwriters of its recent initial public offering fully exercised their over-allotment option. On the flipside, Kontoor Brands climbed 7.7%, after the company issued an upbeat earnings outlook for the full year. Square advanced 4.7%, after the company announced that it has started operations for its in-house bank, Square Financial Services. The S&P 500 slipped 0.8%, to settle at 3,870.3. The DJIA fell 0.5%, to settle at 31,391.5, while the NASDAQ shed 1.7%, to close at 13,358. .
US Market US closed higher on Friday, supported by gains in financial and manufacturing sector stocks. Deere climbed 9.9%, after the company reported upbeat results in the first quarter and raised its annual earnings outlook. Applied Materials advanced 5.3%, after the semiconductor manufacturing equipment company reported better than expected revenue and earnings in the fourth quarter. Novavax added 4.8%, after the drugmaker signed a deal with Gavi to supply 1.1 billion doses of its Covid-19 vaccine to an international vaccination effort. Roku rose 3.2%, as the company’s fourth quarter revenue surpassed analysts’ forecast. Meanwhile, Dropbox dropped 3.8%, despite reporting better than anticipated revenue in the fourth quarter. International Business Machines fell 1.4%, following reports that the company is considering a possible sale of its IBM Watson health business. The S&P 500 slipped 0.2%, to settle at 3,906.7. The DJIA slightly rose, to settle at 31,494.3, while the NASDAQ added 0.1%, to close at 13,874.5 .