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Marketwatch stocks, bonds, and more!

The major U.S. stock averages came off their session highs but held onto gains by midday Thursday!

S&P 500: +0.3%  and Dow industrials: +0.3%

Tweet on trending stocks 

Factset Chart on trending stocks

The benchmark 10-year U.S. Treasury yield was at 3.594%, while trending stocks today are:

Disney: The entertainment giant plans to cut 7,000 jobs and eliminate $5.5 billion in costs as part of a major corporate reorganization led by newly reinstated Chief Executive Bob Iger. Shares bounced 5% in off-hours trading.

Salesforce: Dan Loeb’s hedge fund Third Point has a stake in the customer management software maker, the fifth activist investor to pile in. Shares ticked up in premarket trading.

Tesla: The automaker’s shares rose 3% premarket after a government report indicated that the driver of a Tesla Model S hadn’t engaged any of Tesla’s advanced driver-assistance features before crashing north of Houston in April 2021.

Google: Shares stabilized in pre-market trading after falling more than 7% Wednesday. The company unveiled new AI search and map functions, just as rival Microsoft said it would use ChatGPT in its Bing search engine.

Credit Suisse: Shares slid by 5%, after the beleaguered bank reported its fifth consecutive quarterly loss and said outflows from wealthy clients hammered results.

@thejournalbiz
Source:WSJ/Factset
Image:Nasdaq