Trending Stocks to Watch
Stocks slid Tuesday while bond yields climbed to their highest levels since 2007 as the Federal Reserve’s two-day September meeting got going.
Shares of Amazon.com, one of the biggest stocks in the market, dragged down indexes with a near-3% slide.
Walt Disney’s $60 billion spending plan was not well-received: Its stock traded more than 3% lower, weighing on the blue-chip Dow.
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Marketwatch:
Instacart (CART):IPO debut, 30$ per share
Arm Holdings (ARM):Stock fell 5%
Cboe Global Markets (CBOE): The stock rose after CEO resigned
AutoZone (AZO): stock fell 2%
Ford Motor (F) & Stellantis moved higher, 5%
Block (SQ): Shares fell more than 2% #TrendingNow pic.twitter.com/f8fpxWIjdP— The_Journalbiz (@the_journalbiz) September 19, 2023
Factset chart
Instacart (CART): The grocery-delivery company is set to make its stock-market debut Tuesday. It set a price of $30 a share for its IPO, at the high end of expectations, on Monday.
Arm Holdings (ARM): The chip designer’s stock fell 5%, building on the previous session’s losses after a hot IPO last week.
Cboe Global Markets (CBOE): The stock rose after CEO and Chairman Edward Tilly resigned from the options-exchange company.
AutoZone (AZO): The auto-parts retailer’s stock fell 2%, despite the company posting quarterly earnings and sales that beat estimates.
Ford Motor (F), General Motors (GM), Stellantis (STLA): in GM and Stellantis moved higher, while Ford was about flat. The United Auto Workers union threatened to widen its strikes.
Block (SQ): Shares fell more than 2% following the news that the chief executive of Block subsidiary Square was stepping down. Jack Dorsey, the chief executive of parent company Block, is taking over the role.
Nio (NIO): The automaker’s stock fell more than 10%. The company late yesterday announced plans to raise money by issuing new convertible bonds.
