MarketWatch, stocks, bonds and more!
The major U.S. stock averages opened mostly lower to kick off Tuesday trading!
A day ahead of remarks by Federal Reserve Chair Jerome Powell.
The S&P 500 dipped 0.3% while the Dow industrials eased 0.5%
Trending stocks today
MarketWatch:
BP’s London-listed shares jumped 6%.
Baidu: shares jumped 15%
Pinterest: Pinterest stock fell 0.9%
Bed Bath & Beyond: After surging Monday, its stock stood 32% lower premarket.#Trending #stocks pic.twitter.com/IjQ3YWBpNO— The_Journalbiz (@the_journalbiz) February 7, 2023
Factset chart on trending stocks
The Nasdaq Composite was little changed, while the Trending stocks today are
BP: The company said it would slow its transition to lower-carbon energy, as oil-and-gas production helped push it to a record annual profit on an underlying replacement-cost basis. BP’s London-listed shares jumped 6%.
CVS: The healthcare company is nearing a deal to buy Oak Street Health for about $10.5 billion including debt, The Wall Street Journal reported. Oak Street stock surged 34% premarket.
Baidu: The Chinese search-engine operator confirmed it plans to launch an artificial intelligence chatbot in March. Baidu’s Hong Kong-listed shares jumped 15% and its American depositary receipts surged ahead of the opening bell.
Pinterest: The social-media company reported lower-than-expected quarterly revenue of $877 million, forecast slower first-quarter sales growth, and said its chief financial officer would leave. The Pinterest stock fell 0.9% in premarket trading.
Bed Bath & Beyond: The ailing retailer has secured investor backing for a more than $1 billion capital raise. After surging Monday, its stock stood 32% lower premarket.
Chipotle and Prudential Financial: The companies are among several due to report results Tuesday.
