Marketwatch, stocks, bonds and more!
Stocks were sharply higher on Monday afternoon, just before corporate earnings season!
The S&P 500 was recently up 1.4%, and the Dow Jones Industrial Average gained 327 points, or 1%.
Tweet on trending stocks
Marketwatch:
Salesforce: Shares rose 4.9% premarket.
Synchrony Financial: Shares gained about 1.9% premarket
Spotify: Shares gained 4.3% in premarket trading.
Silvergate Capital: Shares added 2.4%
Baker Hughes: shares gained 1% premarket.#Trending #stocks pic.twitter.com/ClKzaETu2X— The_Journalbiz (@the_journalbiz) January 23, 2023
FactSet chart on trending stocks
The Nasdaq Composite advanced 2.1%, while the trending stocks today are
Salesforce: Activist investor Elliott Management Corp. has made a multibillion-dollar investment in Salesforce, The Wall Street Journal reported. Shares rose 4.9% premarket.
Synchrony Financial: Shares gained about 1.9% ahead of the opening bell, after the company reported a smaller-than-expected drop in fourth-quarter earnings.
Spotify: The music-streaming giant said it would cut its workforce by about 6%. Shares gained 4.3% in premarket trading.
Hutchmed (China): The biopharmaceutical company said it will receive up to $1.13 billion after striking a deal that will allow Takeda Pharmaceutical to develop and commercialize its colorectal cancer treatment outside China.
Silvergate Capital: Shares in the crypto bank added 2.4% after a weekend rally in bitcoin. Crypto stocks tend to rise and fall alongside crypto prices.
Baker Hughes: The company reported record orders of $8 billion for the quarter, and said it maintained “a positive outlook for the energy sector.
