Marketwatch, trending stocks and more
Stocks moved lower, with big tech shares dragging on markets, as investors focused on Federal Reserve Chair Jerome Powell’s testimony before a congressional committee.
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Marketwatch:
FedEx (FDX): stock fell around 1.7%.
Coinbase (COIN) & Marathon Digital (MARA): Shares rose after BTC surged
Exact Sciences (EXAS): stock jumped 2%
Civitas Resources (CIVI): to buy assets from Hibernia Energy & Tap Resources in a $4.7 billion deal.#stockstowatch pic.twitter.com/1JE9wMuGsm— The_Journalbiz (@the_journalbiz) June 21, 2023
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FedEx (FDX): The delivery giant posted a drop in revenue for the third straight quarter due to weaker demand. Its stock fell around 1.7%.
Coinbase (COIN) and Marathon Digital (MARA): Shares in the cryptocurrency exchange and the bitcoin miner rose in morning trading after bitcoin prices surged above $28,000.
Exact Sciences (EXAS): The stock jumped about 2% after the diagnostics company reported positive trial results for its Cologuard colorectal cancer test.
Civitas Resources (CIVI): The oil-and-gas company backed by private equity firm Kimmeridge agreed to buy assets from Hibernia Energy III and Tap Rock Resources in a $4.7 billion deal.
*KB Home (KBH): The homebuilder is set to post earnings after markets close.
