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Apr 21, 2023 thejournalbiz

U.S. stocks were on course to end the week with small losses. The S&P 500 is down 0.2% on the week, while the Dow is off 0.4% and the Nasdaq is 0.5% lower.

Bond yields edged higher after data tracking economic activity came in at its highest levels in nearly a year.

Tweet on Trending stocks

MarketWatch:

Meta (META): Shares fell nearly 1% after Zuckerberg said he wouldn't rule out future layoffs
Tesla (TSLA): Shares edged lower premarket
EssilorLuxottica (ESLOY): Shares jumped about 5%
Procter & Gamble (PG): stock climbed nearly 4%#stockmarkets #Trending pic.twitter.com/9V9orUh2tF

— The_Journalbiz (@the_journalbiz) April 21, 2023

Factset chart on trending stocks

The benchmark 10-year U.S. Treasury yield was at 3.562%, from 3.546% on Thursday, while the trending stocks today are:

Meta Platforms (META): Shares fell nearly 1% after Mark Zuckerberg said he wouldn’t rule out future layoffs and doesn’t expect the Facebook and Instagram owner to hire as quickly as it did before the job cuts that began last year.

Tesla (TSLA): Shares in the electric-vehicle maker edged lower after a nearly 10% drop Thursday on narrowing profit margins.

EssilorLuxottica (ESLOY): The eyewear giant said first-quarter revenue rose to a forecast-beating 6.15 billion euros, an 8.6% increase at constant exchange rates. Shares in the Ray-Ban owner jumped about 5% in Paris.

Procter & Gamble (PG): Consumers continue to absorb higher prices for Pampers diapers and Tide detergent, boosting quarterly sales and profit at Procter & Gamble. P&G stock climbed nearly 4%.